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Monthly Buzz #20
October 16, 2003

The 4 P's of Positioning

You may be thinking that your business is just a business. But you can't afford to take that position. In business, often you have to create a position—a positioning message that is. And the position you want to create is the one that makes you the obvious choice for consumers.

To do this, you have to know your 4 Ps:

  1. Product — what exactly are you offering your customers? How can you find ways to distinguish your offering? Are you able to clearly and quickly articulate the benefits of your offering? For example, a feature of a car is an air bag. The benefit is increased safety during high impact car accidents.
  2. Price — we do not recommend that you engage in price wars that can ultimately cut you out of business. Instead, find ways in which you can deliver superior quality and customer service so the consumer prefers your company.
  3. Promotion — do you actively and relentlessly promote the ways in which you deliver superior quality and customer service or are your campaigns mostly centered on discounts, coupons or rebates?
  4. Place (distribution) — do you know how and where your product or service is delivered? Are there ways you can use this to differentiate your business? For example, a company could make a positioning statement and a promotional campaign centered on delivering its product in pristine condition within 24-hours or your money back.

To discuss your positioning statement, please feel free to contact us. We can assist you in making a position statement that truly reflects what your business does and why it should be the obvious destination for your customers.

FEATURE:
The 4 Ps of Positioning

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