I’ll never forget the first time I heard this expression — which is, of course, a rather crude way of asking if a certain product or service has appeal to one or more target market segments. I was sitting in a meeting with a few of my clients at IBM when someone asked me for my opinion on the subject. I tried to conceal that I felt vaguely insulted, as I had built my career around the process of asking and answering this question – and I guess I wasn’t flattered by having it reduced to level of unrefined simplicity.
But I urge readers to develop and implement processes that get at these market basics. As yourself tough questions:
Who needs what I’m selling? Exactly why? What are the gut-wrenching needs of my target market that are addressed uniquely by my product or service?
Once those basics are in place, get at higher levels of refinement:
How should I position my product or service? I.e., how should I communicate my offering in a word or two that will generate an immediate and positive association in the mind of the market? What exactly is my brand — and what’s the best way to express its meaning?
An electric vehicle company near Atlanta called Tomberlin has a sport buggy called the “Anvil.” In the very name of the product, they’ve positioned it as a heavy, low-tech object – normally stationary – which, when it happens to be in motion, usually brings to mind falling to earth, causing injury. To say the very least, I would have recommended against that. (You may think I’m making this up. I’m not; check it out here.)
Yet the process of deriving correct (or incorrect) positioning is seldom as clear-cut as this. Excellence in this space is critically important, but it’s not a straightforward task. In any case, if you’d like help on this — or any other aspect of marketing your clean energy product or service, please don’t hesitate to call or write. CONTACT US HERE.
As part of my report “
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