First, Last, Best, Most, Only

Episode 61 May 11, 2020 00:20:34
First, Last, Best, Most, Only
RESTAURANT STRATEGY
First, Last, Best, Most, Only

May 11 2020 | 00:20:34

/

Show Notes

#61 - First, Last, Best, Most, Only

On last week's episode we began discussing the idea of Positioning... a key concept that marketers use to introduce consumers to a new idea or product. On today's episode we're going to build on that by exploring these 5 words: First, Last, Best, Most, Only.

What do they have in common? They're words used to position a brand at the edges. It's about going to the extremes, and the key to its success is that only one brand can claim a given word. In many ways, it's about exclusivity. There can be only one Harvard, only one Corvette, only one Alinea. It immediately sets a company apart within their particular category.

Think of how marketers use these words either explicitly or implicitly in their communications.

By identifying which of these positions you can adopt (or which ones you already own), you can identify key ways to attract new audiences.

Other Episodes

Episode 322

March 07, 2024 00:38:05
Episode Cover

The Psychology of Price (ENCORE)

#322 - The Psychology of Price (ENCORE)  *****  This week's episode is brought to you by: 7SHIFTS 7shifts is the team management platform for...

Listen

Episode 373

September 02, 2024 00:22:04
Episode Cover

FIXING RESTAURANTS (PART 10) - Profitability

#373 - FIXING RESTAURANTS (PART 10) - Profitability *****  This week's episode is brought to you by: MARGIN EDGE Take control of your costs...

Listen

Episode 336

April 25, 2024 00:48:40
Episode Cover

The 6 Big Complaints I Just Can't Stand (ENCORE)

#336 - The 6 Big Complaints I Just Can't Stand (ENCORE) *****  This week's episode is brought to you by: MARQII  Marqii is your...

Listen