The article is an attempt to portray the brand positioning
as a mind game for the marketers. It introduces the concept
of `Points of Difference' and `Points of Parity' and explains
the role of brand positioning in brand building and how
it helps to grow the business. The article also introduces
the positioning triangle and highlights the subliminal effects
and their relation to positioning. It also discusses the
different positioning errors.
A brand may be termed as an image/symbol which conveys
many things to the customers. Whenever a person goes for
purchasing a product or a service he/she considers many
things, i.e., what are the features, advantages, benefits
the product or the service are offering to him/her. Usually,
the brand name helps in generating a sense of trust amongst
the customers. A positive brand image puts the product/service
on a better plane where the customers feel secure in investing
their money. The American Marketing Association (AMA) has
defined brand as a name, term, sign, symbol or design,
or a combination of them, intended to identify the goods
and services of one seller or group of sellers and to differentiate
them from those of competition.
|