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.
#459 - P3 Member and Iowa Restaurateur, Todd Reding ***** This week's episode is brought to you by: TIME FORGE TIME FORGE provides labor...
#549 - The Owner Is the Bottleneck ***** This week's episode is brought to you by: MARGIN EDGEVISIT: https://www.marginedge.com/lp/chip ***** Get this straight: You...
#256 - Understanding Your Mission, Vision, and Values ***** This week's episode is brought to you by: SPOTON You may think of them as...