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Putting You and Your Company in Position to Own Your Market
Americans have always liked their coffee hot. But then Starbucksmade hot coffee desirable, in demand, and extraordinarilyprofitable. And then Starbucks made coffee "cool" with itssuper-popular iced Frappucino drink -- just as trendy,fashionable, and universally appealing.
When you are assessing your own position and considering how youmight improve your image and thus your market share, rememberthat there are essentially four winning positions: better,different, faster, or cheaper. You can certainly positionyourself as one of these, perhaps even two; capturing a positionas three of them is tough and probably not desirable, andcornering all four is just about impossible.
Not everyone is up to the task of creating another Starbucks.It's tempting, with price wars so rampant, to believe that aperception of being cheapest is easiest to establish. Yet intruth this is the most difficult because of fixed costs. It'slike doing the limbo: you can go only so low, and then you'reoverextended or flat on your back. Definitely not the easiestposition to be in.
How about being better instead? Contrary to popular belief, thisis perhaps the easiest position to take, since making animprovement or simply creating the impression of greater qualityor ability has no constraints. One tip: when you capture thedifferent category, you may get the better category as aby-product.
Starbucks capitalized on this technique, as did Dennis Rodman,the oddball of basketball. He came up with a way to take twopositions in fans' eyes: both different and better. Okay, maybehe wasn't actually better than his teammate Michael Jordan, whowas unbeatable, but certainly he was perceived for a time asbetter (cooler, trendier) among those who were captivated by hisstyle. His fashion and fascinating antics made him so unique thathe became unforgettable. And because he was also an excellentball handler, he became famous and highly regarded in hissport.
BMW has also taken the better-different approach. Until fairlyrecently, Mercedes-Benz had the better luxury car market sewnup, so BMW -- a competitor with a parity product -- simplyrepositioned itself. Its tag, "the ultimate driving machine,"appeals to a younger crowd and gives them luxury with power andhandling. This is "hip luxury," which is different from theMercedes position, which could be summed up as "elegant luxury."And voilà: BMW became as hot and desirable as a cappucino on awintry morning.
BMW marketers had both a strong sense of the position theywanted to hold and precisely defined their premium clients, thecréme de la créme within their target market. You can do this,too. Once you've figured out what position you can successfullygain in your business, ask yourself the following.
Positioning is like popularity: You have to be seen in the rightplaces and with the right people. This is more than socialclimbing: You learn more about your clients and they learn moreabout you when you frequent the same places, attend the samefunctions, join the same associations, be published in theirperiodicals, and develop products and services specifically forthem.
Positioning is as much about who you are not as it is about whoyou are. Starbucks is not a cheaper and faster cuppa joe; it isan upscale, gourmet coffee experience. BMW is no old-styleluxury; it is stylish performance. Dennis Rodman is no gentlemanforward; he is the outrageous, extreme athlete who is arecognized celebrity even for people who don't know basketballfrom billiards.
Do you want to win big? If so, have the courage to answer thesequestions clearly and define your own game: Who are you? Who areyou not? Who are your clients? These are the essential decisionsyou must make if you want to not only understand but own yourmarket.
James Arthur Ray of James Ray International is an expert inteaching individuals how to achieve Harmonic Wealth? inall areas of their life by focusing on what they want, opposedto what they don't want. He has been speaking to individuals aswell as Fortune 500 companies for over 20 years and is theauthor of four books and an inventor of numerous learningsystems. His studies of highly successful people prove that theycontinually achieve results by taking control of their thoughtsand actions to create and shape their own reality.
Why You? -- Professional Identity Branding
You can have first-rate products and services, but if you can't establish the need, communicate the benefits and differentiate yourself from the competition in ways that make people want to do business with you, you'll forever be selling up hill.
Logo-ize For Instant Identification & Increased Awareness
The task of creating an indelible impact on the memory of your target market is arduous but can be made much easier with a well thought out logo. The word comes from the ancient Greek where it was used in philosophy and theology to mean "the divine reason implicit in the cosmos, ordering it and giving it form and meaning." The function of a logo in today's business world is much the same ? to make the visual identification of your company implicit by giving it form and meaning.
Are You Brand Worthy? Are You Brand Worthy?
Branding is a one hot topic, although it is wildly misunderstood. To make things even more confusing, branding is often tossed in the same basket as marketing which makes its application to an entrepreneur or sole-practioner even more unclear.
Notable News - The Branding Myth
How many times have you heard of seen advertising for a graphic design company that states that they do branding?
Brand to Sell Well
Branding is an application of appropriate marketing techniques in the right proportion to a product. Brand management is to manage the forces in a market suitably to win favors for the product.
Importance of Business Branding
Branding is very important to a business, whether it is an online or offline business. Your brand will be the first impression the public has of your business and could very well be the most important one. The goal in business branding is to give consumers a visual image of your company. Business branding is very important to a business because it allows the public to identify your company name on sight.
Choosing The Right Business Name
Sometimes, new entrepreneurs are in such a rush to get started at their businesses that they jump right into working with customers without giving much thought to their BUSINESS NAME. "I'll just do business under my own name for a while, until I find something I like." While it seems easy at the time, you might want to re-think the plan to change business names down the road. You will find that, as your professional recognition and customer base grow, people have started to IDENTIFY you with the name of your company. A name change in mid-stream can be costly and confusing.
Simple Risk Reversal Formula Will Send Your Sales Into Space (2 of 2)
Make A Bold Promise Then Back It Up With An Awesome Guarantee
FTC Reviews The Franchise Rule
After more than a decade since the last attempt to update the 1970's Franchise Rule The Federal Trade Commission is at it again. May I ask why we are looking at reviewing these rules for franchising, where no problems exist? Why we are looking to tighten up ambiguities, which over time have occurred in this sector, when we should be dismantling the over regulations choking the industry? Why we are trying make rules upon rules, where no rules are needed since no problem really exits? Why can't we use the red magic marker approach and start drawing lines thru massive amount meaningless dribble required in these disclosure documents?
How Brand as an Intellectual Property has Led to Corporate Globalisation?
Corporate Internet Branding ? Branding Your Business Online
Let me tell you a story about Pete and a pizza. After a long day of fighting uncooperative pipes and fixtures, Pete P. Lumber, of Pete's DuperRooter, was looking forward to a nice, hot, decidedly Atkins-disapproved pizza - the stuff of which dreams are made. The week before, Pete was doing a bathroom remodel at Bob's historical Chicago bungalow. The house had only one bathroom, so Pete had to complete the project as fast as possible. Due to a series of unfortunate events, some of which involved a repeated, forceful application of a rather large hammer, Pete stayed much longer than he initially anticipated. To bungalow owner Bob's delight, Pete completed the remodel the same day.
You?ll Bring a Parade of Business to Your Door!
Parades happen in every big city and many small towns. They are fun, relaxing and most people are there because they really want to be. Parades are a wonderful marketing tool if you know what to do! I recommend being a part of your local town parades. For most local home towns, it only takes a convertible and some decorations. The biggest parade in my home town is the Rose Parade because I grew up in Pasadena. There are not too many locals in that parade, but the little know Doo-Dah Parade is FULL of locals and locals watching it. When people like a particular float or group, they throw soft tortillas at them. Most local parades are covered by the local cable company.
Multi-Brand Franchises in the QSR Sector
Well not everyone is aware that McDonalds also owns several other bands such as Boston Markets; 650 stores in 23 states, Chipotle Mexican Grill; 230 stores in 10 states, Donato's Pizza 200 stores in 10 states, Pret a Manager 140 stores in 4 countries, Fazoli's 400 units in 32 states and two countries. Of this the company derives 2 Billion in annual sales, this is not even counting McDonalds. Many people are unaware of this because McDonald's has not connected the dots. However other franchise companies which franchise and have multiple brands have.
Branding: Bring Back the Jingle!
Did you grow up in the '70s and '80s? If so, you probably have a slew of campy jingles from various TV commercials filed away in your brain. Today, advertisers still use jingles to help identify their brand, but not nearly as much as they did "back in the day." Why is this?
Your Identity Speaks Loudly...What Are You Saying?
Your corporate identity is a graphic expression of who you are as an organization. It plays a major role in what sells your company and its products. Everything that identifies your business, including your logo, color scheme, and tagline, work together to create an image that your customers remember. Building a corporate identity that bolsters your business objectives is a subtle, yet important part of achieving business success.
So... how have you been building your brand lately?
How Do You Define a Good Logo Design?
Everyone wants his company logo to be the best but how good is good? How do we define a good logo? Is it necessary to be colorful or an exquisite piece of art? Can a simple design work as a good logo? We are often in a dilemma.
Nike / Sears / Kmart
The Sears-Kmart merger hopes to fabricate some sort of silver lining for both retailers but instead seems to embody the inevitable philosophy of "going down together." Kmart, an already sinking ship, certainly worsens conditions for Sears, and Sears does not have a strong enough current to keep Kmart afloat when there are enterprises like Wal*Mart and Target constantly blasting holes in the stern with brand messages of "smart and classy."
Your Business Logo and Color Scheme
My business logo and color scheme started one lovely spring day in my office, after two years of working with words and images. I purchased some rubber stamps and played with them. A logo emerged: simple, elegant, with the right feeling for my business. I took the ideas from the stamps and played with Photoshop on the computer until I had created an original business logo that felt totally right.
Light Up Necklaces Help Promote Red Doors Movie at the 2005 Tribeca Film Festival Awards
June 13, 2005 -- Jane Chen (Producer) of the Red Doors Movie stated, "The necklaces have been a huge hit. Several people have offered to buy them. They are great at parties and at screenings - the red glow looks really cool in a dark room. Everybody asks about them when they see them so it's a great entre into talking about the film".
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