Is Your Company’s Positioning Statement Accurate?

how to determine market positioning

Positioning is like a roadmap for your business. It drives all of your branding, messaging and marketing.

A clear positioning statement defines:

  • Who you are.
  • Who you help (your target market).
  • HOW you help (the problems you solve or needs you fill for clients).
  • Your USP (unique selling proposition).
    What makes you different/better than the competition?

Static Messaging Is…Ho Hum…Stale.
Your messaging should not be static. It needs to evolve along with what’s going on in the world – politically, economically, culturally.

If not, your brand will be out-ot-touch and not be seen as authentic. Since authenticity is a key driver of customer acquisition and retention, you can’t afford for that to happen.

In an INC article titled “In the Age of Brand Authenticity, Most Marketers Are Missing the Mark”, author Amy Balliet claims’ ”Only about one in every three marketers consider reworking their brand messaging and positioning when planning their overall marketing strategy.”

If you fall into that category, you’re missing out on growing your business.

So how does authentic and timely positioning work?

According to a  Zoom article titled, “Positioning in the age of authenticity”,  “Authentic positioning means your words match your actions.”

The days of allowing your business to say one thing but do another are long gone.  Customers want to know what you stand for and who you are.

Claiming to run a green company when you’re really not doing all you can to save the environment will eventually backfire.

Ever Heard of Greenwashing?

From misleading packaging claims to pseudo recycling that still harms the environment, companies that greenwash are eventually found out.

Check out this article from zoom.org, 10 Companies and Corporations Called Out For Greenwashing.

It’s not just oil companies that claim to do one thing but in reality do something else. Giant banks and investment firms claiming to be eco-friendly lend money to companies that pollute the environment and contribute to global warming. There’s still culpability. And consumers aren’t letting companies get away with that any more.

It’s All About Trust.

Companies that garner customers’ trust are the ones that will succeed in a turbulent marketplace….which is what we’re seeing at the moment.

Are gas companies screwing us at the pump or are they simply passing on increased prices they’re paying?

Can we trust that organic products we purchase in the grocery store really are?

Are the medications we take as pure as pharma companies claim they are?

We like to do business with companies we trust. Fortunately, in an age of unlimited media (thank you, Google), sussing out misleading claims is fairly easy. Eventually, dishonest companies get found out.

What can YOUR small business do to boost authenticity and accurately position your brand?

Here are three simple to-do’s to earn (and keep) your clients’ trust:

  1. If you say you’ll do something, do it.
    People remember and will hold you accountable.
  2. Don’t abandon your clients.
    There’s nothing worse than disappearing after the project. It says to the customer “We got paid. That’s all we care about.”
  3. Let clients know you want them to be happy with your work.
    Ask for their feedback (good or bad) and use it to improve how you work.

We are forgiving people. If we believe you’re sincere about mistakes you’ve made and changes you’re making in your company, you can recapture our loyalty. And loyal customers are what every small business wants.

Need convincing?

According to this article in Forbes titled “The Value Of Investing In Loyal Customers,” keeping your current customers happy and making repeat purchases is key to growth for almost every business.”

It’s easy enough to do if you make authenticity and customer care part of your corporate culture. It’s certainly far easier that prospecting for new customers.

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Guest Post: Shouldn’t Business & Life Skills Complement Each Other? by Julie Morris

post-it notes on a planning calendar

Photo by Daria Nepriakhina on Unsplash

Americans spend one-third of their lives working – often more for entrepreneurs – and the distinction between our work and personal lives becomes more difficult to separate.

You may not realize what you learn as a business owner may also apply to other aspects of your life, whether it’s your relationship with your partner, or negotiating with a home contractor. And applying interpersonal skills to your business is also appropriate.

Getting things done

If you have fallen victim to the never-ending “to-do list” at home, consider how you tackle your essential tasks and projects as a business owner. You might track a project’s progress using project management software. You give yourself deadlines for reaching certain steps or milestones.

While investing in professional time management software may not be realistic, there is no shortage of time management apps that can replace the seemingly endless sticky notes or the list stuck to your refrigerator door (probably with a promotional magnet that is supposed to remind you to get your teeth cleaned). However, you can go old school and use the A-B-C method to set priorities and decide which tasks to do first and in which order.

Another thing business owners do is have a sense for when they need to call in reinforcements, whether from employees, associates, contractors, or even technology. For example, as a business owner, you can ask your assistant to draft a standard “thank you” email that you can easily personalize as necessary and send out as needed. You can recreate this at home by ordering personalized, pre-printed cards that can easily be adapted into customized thank-you notes, birthday greetings, or expressions of sympathy.

In all cases, remember that just because you know how to do something yourself, doesn’t mean you have to, or even that you should. As a business owner, if you decide to structure your business as a limited liability company or LLC, you could do all of the work yourself by researching the steps of filing in Illinois online and taking time from your already-stacked day to fill out the required forms and file the paperwork.

You could also spend money and hire an attorney to do it. Better yet, take advantage of an online formation service for starting a business in Illinois, easily saving your company’s precious resources as well as your irreplaceable time. In the space of a couple of hours you’ll be ready to hang up your shingle and accept your first customer!

Getting things done, only better

Successful business owners have a vision for their company but still embark on tried-and-true paths in their business operations. For example, business plans have been used for years, giving business owners a roadmap and helping them validate their ideas to potential investors. Customer Relationship Management (CRM) programs help them manage their sales funnels and manage customer satisfaction and retention. Not reinventing the wheel saves time, money, and reduces stress and anxiety.

BUT … business owners also aren’t afraid to innovate and problem-solve when necessary. It may involve taking risks, but risks are a necessary part of business and in fact, many would consider risk as being synonymous with entrepreneurship.

However, developing a healthy sense of risk tolerance along with the need to develop discipline and standards as the business evolves is what makes some business owners “business builders” rather than serial entrepreneurs, as noted by Chris McGoff.

How does this apply to other parts of your life? Well, sometimes it pays to take the path of least resistance, but that shouldn’t erase the desire to make positive changes, to dare to dream, and to try new things – or simply improve on existing ones.

Take communication, for example. Everyone does it, whether we want to or not. But for some people, it comes easier than others, and they may not see a reason for putting additional effort into their communication capabilities, or “soft skills.”

Technical and practical expertise is often emphasized and lauded, while “soft skills” are considered “nice to have.” Well, honing your soft skills can help you land jobs, contracts, get a better price, and even save relationships. That sounds less like a “nice to have” and more like a “must-have.”

Establishing your brand

Who are you? As a business . . . as a person. What is your brand? Creating a brand that matches with your values and your company’s values is easier than to pretend to be something you are not. Spending some time considering your brand and your values is important.

Have some fun with this. Use a visual logo design maker to create and stimulate your thoughts. What do you want your logo to say about you? What can you visually bring into the world to emphasize your emerging brand and values?

Also, your website and your marketing need to let the customer know how you can help them and what problems you can solve. Hiring What A Great Website to ask you the right questions, help you define your brand, and create a website and all marketing materials that properly align your brand with your values and business model can be immensely productive and necessary to your continued growth.

Explore the portfolio of What a Great Website’s clients and see how hiring someone to create or update your website can establish your brand and better serve your customers.

It’s all a blur of humanity

Improving yourself crosses both personal and business lines, which is the point. What you do in one affects the other. Your business is filled with emotions because it’s filled with humans. Once you understand that, you’ll realize the importance of adding tools to your toolbox to help you deal with that humanity.

Julie Morris is a life and career coach.  Find her at http://juliemorris.org.

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5 traits that successful businesses use to engage customers.

figures reaching out to help a man climbing up a mountain

Successful businesses connect with customers. And they do this via 5 traits that are critical for client engagement: believability, authenticity, transparency, sincerity and dependability.

Let’s see how this works. One of the easiest ways to do this is by asking yourself 3 questions:

  1. Think about your favorite businesses. What is it about them that makes your favorite list?
  2. How do you FEEL when you interact with those businesses?
  3. Why do you keep going back?

What we’re doing here is identifying engagement triggers. Those traits that keep you engaged with vendors, shop owners, and service providers.

I’ll start…..

We count on certain colleagues and small business owners for various services we need — IT support, accounting, video production…..to name a few.

If we look at the commonalities of these vendors, we see a recurring theme.

They’re all dependable and believable. Believable because they’re transparent. What you see is what you get. It makes us feel confident that they’ll deliver on their promise and we’ll get what we were ordered. And then some.

Since we like working with people we like, we also hire people who are sincere and authentic. These traits are part of being a trusted provider. And that’s one of the things YOU need to do to build your client base.

Examples always help. We learn from others who’ve gone before us. So let’s look at some companies that have done a really good job of engaging their clients.

Successful Client Engagements

NetflixNetflix logo
The name Netflix is synonymous with offerings that no one else has. And what you see is what you get.

Can you think of the last time you heard anyone say something bad about their service? I can’t. What I DO hear is only raves about the latest hits that “you have to watch!” And the service is always dependable.

Per this article in Forbes,  “While the company hasn’t been without the occasional controversy, a report in the Wall Street Journal going so far as to describe its corporate culture as being “transparent to the point of dysfunctional,”

TargetTarget's logo
If you shop at Target, you know their stores are uniformly clean and well-stocked and the service is outstanding. You rarely have to search far for assistance. So you can get in and out quickly and generally find what you need. Their mission is to “provide Target shoppers a hassle-free experience” and the effort starts with making sure inventory is available in stores and on its online site. They nail it.

Read more about Target’s outstanding customer service n this article in Retail Customer Experience.

Trader Joe’sTrader Joe's logo
Trader Joe’s is another company that delivers on customer care with impeccable service. Jolly check out people, helpful shelf stockers, and easy returns make shopping there enjoyable. Well, other than the Covid lines outside the stores. But the lines are there because Trader Joe’s wants to keep you safe. They are precise about the number of people allowed in their stores at any given time. So you feel like they really care about you as a customer.

Warby Parker
I love Warby Parker! They take customer engagement to a whole new level. For one thing, it’s fun to go into one of their shops. It’s like going into a wonderfulwarby parker's packaging bookstore but instead of books, there are glass frames. Which you can touch. And try on. At your leisure. You can browse…..

as much as you want. And when you’re ready for help or have a question, there is always a knowledgeable and friendly sales associate to help you out.

Their make-shopping-fun branding is outstanding. “Nice to see you” is printed on the inside of your glass case. It’s fun and charming and makes you feel good. Like they really care about making you happy with your purchase. And they include a bright colorful lens cleaner that makes you smile every time you clean your glasses. Super marketing. Super company.

QuinceQuince
Familiar with Quince? They embody all of the traits I mentioned at the start of this post — believability, authenticity, transparency, sincerity and dependability. Plus one more, sustainability.

Their tagline — “Everyone should be able to afford nice things.”

An online retailer, they offer top quality clothing and organic bedding at remarkably low prices. Think beautiful quality $59 cashmeres and washable silk items that would cost triple that at a traditional retailer. Their secret? No middlemen, they sell “Factory direct to your doorstep.” Low-cost minimalist packaging. And what they call “specialist factories” around the world that pay sustainable wages.

Add in a commitment to green manufacturing, reducing carbon footprints and a beautiful clean website designed for accessibility, and you have a company that truly understands millennials and probably a lot of their parents as well.

Bottom line: you feel good shopping Quince. You feel like you’re helping others receive living wages and not hurting the planet. And their Mongolian cashmere sweaters are yummy soft.

What can your small business learn from companies like Quince?

How do you build trust into your client relationships?

We offer 5 key takeaways:

  1. Believability – Make honesty a part of your culture.
  2. Transparency – Let clients get to know you. This is how you engage them and build relationships.
  3. Authenticity – Be genuine. Whether you sell products or services. Quality counts.
  4. Sincerity – We like doing business with people who are sincere. It makes us feel good.
  5. Dependability – Without this, you can’t have much of a business.

Companies that don’t deliver what they promise don’t stay around long. Especially with social media that enables anyone to share your lousy products or crappy customer service with half the world.

From a consumer standpoint, the internet affords us a multitude of ways to buy. If your company doesn’t make customer care a priority, there are plenty of others that will.

Read more about keeping your customers happy..

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What are you really selling?

table for 2 in a seaside setting

Updated March 8, 2023
3-minute read

Businesses that know exactly who they are and what they provide have a leg up on the competition. They have a deeper understanding of their value. Smart business owners incorporate this into a positioning statement or brand positioning statement.

If your marketing is looking a little dull or you don’t have a positioning statement, here’s an exercise that might help. Ask yourself these 3 questions:

  1. What are you known for?
  2. Why do customers come back? 
  3. What do they say?

Then add a 4th: Are you satisfied with who and where you are? 

If the answer is no, keep reading. 

Let’s say you’re a (fill in the blank) company. Maybe a service provider. Or a manufacturer. Or perhaps you have a retail location or e-commerce website where you sell products. So that part is clear.

But what you’re really selling is probably far more. Let’s look at some examples.

Suppose you own a restaurant – one that’s upscale, sophisticated, and pricey. Maybe a prix fixe tasting (or degustation) menu. The kind of place you’d go to celebrate an occasion……or WILL once the pandemic has passed.

Alinea comes to mind. In fact on their home page, it doesn’t say “make a reservation”, it says “book your experience”.

Or Everest offering “exquisite wine and cuisine.” I’ve been to neither but from their marketing copy and website, I know these are very special places.

What Alinea and Everest are providing is far more than just food. They’re offering an experience, in this case, a fine dining experience….white linen on the tables, heavy gleaming flatware, subdued lighting, candles, gracious and attentive service. Designed to impress the diners. And hopefully have you recommend them to your friends or share on social media.

In another instance, you might be a service provider. Maybe a health and wellness business. COVID-19 seems to have launched a bevy of them as we struggle to stay fit and sane. Some are doing well. Others are, no doubt, struggling.

Let’s look at Peloton – as in “super success.”

Peloton took a product — a stationary exercise bike, made it state-of-the art and set off on a mission to “bring the community and excitement of boutique fitness into the home”. In eight years, they’ve added “addictive” real-time classes and morphed into a lifestyle, a platform, an app, and a way of life.

Peloton is providing far more than an ability to exercise at home. They’ve created a fitness platform and community that has transformed the way people exercise. Of course, a pandemic helped them become the success they are. But they knew when they launched that they were providing something different. And they made sure their marketing made it clear.

The examples above are not typical success stories. They’re the crème de la crème. The exceptions. So how does this relate to your small business?

Build Your Brand

Simple. If you want to build your brand, really make an impression on potential clients and become more successful, you need to focus on exactly who you are and what you provide.

And to do that, why not learn from the best – the companies that are knocking it out of the park. Yes, you’re probably on a much smaller scale, but so what? Most of us are.

Which takes us back to the beginning of this post and the question: What are you really selling?

Whatever product or service you offer needs to positively impact the potential customer. It needs to add value to someone’s business, bottom line or life.

We think one of our clients does this really well. (Full disclosure: we had something to do with that ;)

Tulip Tree CBD is an e-commerce company with product distribution in some brick and mortar retail shops. Their positioning is clearly stated on their website home page:

Founded by a nurse with decades of clinical experience in critical care, hospice, cardiology, and natural medicine, Tulip Tree is the culmination of a lifelong passion to help people relieve pain and suffering.

The value? The support of a knowledgeable and experienced healthcare provider in helping to relieve pain and suffering. The opportunity to live pain-free. To ease anxiety, stress, PTSD and insomnia.

So while Tulip Tree sells premium quality hemp-based CBD,  that’s not what they really do. What they really do is enable people to live better lives.

If you’re not happy with your company’s positioning, go back to the start of this blog and work on the questions we shared. If you come up with a positioning statement you’re happy with, share it with us. We’d love to see what you really do.

Read more about positioning and branding:

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Marketing Morsel: How clear is your brand voice?

Are you satisfied with your brand voice?

Not sure? Ask yourself these 5 questions:is your brand voice clear?

  1. Does your brand voice accurately reflect your business?
  2. Does the personality of your business come through clearly in your marketing?
  3. Does your marketing message define what’s unique about your business?
  4. Can potential customers tell exactly what you do from your website home page?
  5. Are you proud of the way your brand voice presents (and represents) your company?

If you answered no to any of the above, it’s time to buff up your brand voice. Because a compelling brand voice can be the difference between being memorable or mediocre.

 

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4 Tips to Building a Better Brand

man at a blackboard with the word BRAND in the center

What do people think when they hear your company name? Ideally it’s something positive that reflects your brand vision.

If you’re not sure, it might be a good time to do a brand audit. If you’ve never done one, let’s start from square one.

What is a brand?

Your brand is your company’s identity. It’s the impression your company makes in the marketplace and in the minds of current and potential customers. Visually, it’s the look and feel of your logo, font, graphics and color palette. Emotionally, it’s your voice – the tone of your communications. Overall, it’s your messaging.

Does your tagline set you apart? How do you want your product or service to make people feel when they see it? What makes your product better than the competition? What is it about your company that inspires loyalty among your clients?

Good branding doesn’t just happen. It’s carefully created and nurtured and maybe occasionally tweaked. Then it’s disseminated far and wide. Consistently. Solid brands stand the test of time.

Let’s look at a few examples. See what comes to mind when you hear these company names.

Starbucks
No other coffee house in the world has the brand recognition of Starbucks. Even the rich coffee aroma outside a Starbucks is instantly recognizable. Your experience in a Starbucks will be consistently excellent around the world.

Mercedes-Benz
Luxury autos with price tags to match. Drive a Mercedes? You appreciate elegance, soft rich leather interiors and finely-tuned engines.

Chanel
Elegant, chic and sophisticated. When you wear apparel with the Chanel logo, it says you value quality and can afford it.

Subaru
Where Mercedes is all about luxury, Subaru’s marketing says “we make cars to keep your family safe”. Their commercials tug at your heartstrings — parents watching their child leave for college in the “old” family Subaru, young drivers avoiding horrendous accidents thanks to Subaru’s breaking system, a family heading on a car trip. The music is soothing, the emotions are strong, and the message is reassuring. If you care about your loved ones, buy a Subaru.

 

 

Amazon
Have you ever looked closely at the Amazon logo? It’s clean and simple and unassuming. And clever! The arrow below the company’s name goes from “a” to “z”. Just like Amazon’s huge range of products.

Big companies have big marketing budgets to build their brands. Your small business no doubt has a communication budget to match, but you still need brand development to grow your company.

So what can you do to build brand equity on a small business budget? Start by doing a brand audit. Ask yourself what people think when they hear your company’s name or see your logo. Is your logo recognizable? Does your messaging say “ we’ve got your back” or “we give a damn”? Is your tagline memorable?

If you answer no to any of these questions, the following tips should come in handy.

4 tips to build a better brand.

  1. Have a logo that’s relevant, unique and appealing. And use it in every bit of marketing material that comes out of your company – your website, newsletter, brochures, business cards, premiums, packaging.
  2. Have a style guide to make sure your brand identity is consistent across all marketing channels. This includes a clear color palette, a font guide and an overall look and feel. Memorable brands have solid style guides.
  3. Build a strong brand voice. Your marketing material should always sound like it came from your company, not a competitor. Your company’s personality should be consistent even as you target different markets. Is your company voice warm, fun and friendly like Southwest Airlines? Serious and knowledgeable about healthy eating like Whole Foods? Reassuring about environmentally safe products for your children like The Honest Company? Or quirky and fun like Dollar Shave Club?  Your brand voice sets you apart from the competition. It’s your promise to your customers.
  4. Make sure your messaging is clear and consistent. The language you use to appeal to Millennials is not the language you use to reach Boomers. It may also change as you add new products or services. But the company voice should not waiver.

Communicate clearly and relevantly to each market segment so they know you understand exactly what they want or need.

Need help with your branding? Find a reputable firm to help you. Like ours ;).

Reach us here.

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Six features your website must have.

Websites differ in design and style. But there are certain features that all good websites have in common. Here are 6 of them:

  1. Readability
    Legibility is paramount when reading digital copy. Can viewers read the copy on your website? REALLY read it? On a cell phone or tablet as well as a laptop?A good website is designed for ease of reading on ALL screens. That means fonts are web-friendly, reverse type is used judiciously (white type can be dramatic but it’s hard to read as body copy) and clutter is kept to a minimum.
  2. Clear Messaging
    Will visitors to your site clearly understand what it’s all about? Or will they have to fiddle around to discover who you are and what you do?Once someone lands on your site, you’ve 15 seconds to convince him to stay.

    Good websites keep visitors engaged.
    Good websites keep visitors engaged.

    Especially if your product or services fix problems for people. People looking for something they need are generally not very patient. Continue reading “Six features your website must have.”

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