December 5, 2020
July 2008 | Vol. VII - No. 7
Branding Toys: The Position
How a Clear Position Defines Success
Picking up from May’s article on the branding promise, we’ll now look at the second of the 4Ps of branding: positioning — the compact and clear definition of what your company offers.
| “While product attributes can offer a point of differentiation, translating those attributes to benefits … sparks an emotional connection.”
THE 4Ps: POSITIONING
Positioning incorporates all the other components of the 4 Ps — personality, perception and promise. Positioning tells buyers what you are selling and to whom.
To define your positioning, think about your products from a consumer’s perspective: Does he or she care more that your toys have articulated joints or that they are posable? Translating attributes to benefits sparks an emotional connection — and an impulse to buy.
Clear positioning should provide a long-term plan for company and product growth, so look back to original goals to determine how to move ahead. A constant umbrella positioning — the overall positioning statement that holds true for the entire company — offers a barometer for new product development. Does the product fit within your current catalog? Is it something consumers will logically connect to the company? Would it be beneficial to create a new brand to promote it? By knowing your company’s positioning — how consumers perceive you — you have a clear guidebook for how to move forward.
CASE OF A CLEAR POSITION
When we met Paradise Horses™, a manufacturer of posable toy horses, its toys were in production, and the logo, packaging and branding were being developed. The company could have, like its largest competitors, positioned itself as a collectibles company targeting older children and adults. Or, it could have adopted a low-cost position, pitting itself against the competition.
However, competitive analysis revealed an opening in the market for high-end toy horses. Offering posable horses with brushable manes, distinct personalities and a realistic line of accessories and tack, Paradise Horses created a complete play environment that exposed children to the real elements of horse care and riding. Rather than go head-to-head as a me-too competitor, the company chose a more playable path with a personality-infused position that clarifies the company’s purpose, product, audience and point of differentiation, and directly molds consumer perception [see sidebar].
|Paradise Horses makes every child’s dream of owning a horse come true, fostering a passion that will last a lifetime. … The complete line of posable horses and ponies includes all the accessories young equestrians need to feel like they’re at the stables and galloping through the fields.
PERSONALITY IN ACTION
What makes a good positioning statement? Personality combined with simplicity and clarity make your message memorable. Always make sure your positioning contains four crucial components:
Market Category. What do your biggest competitors do? That is your market category. Few companies have the time and budget to create a market category from scratch. So, put yourself in an existing category and avoid the temptation to be creative. The more straightforward you are with your description, the more easily a consumer will relate. Consumers buy what they know and understand.
Product Offering. What do you sell? If it’s one product, tell buyers what it is. If you sell an entire line, find a descriptor that most easily incorporates the group — educational games or developmental toys, for instance.
Target Audience. To whom do you sell? The more specific your target audience, the more specific your positioning and messaging. If you know exactly to whom you are speaking, you will be more aware of what they need. Do you have more than one target audience? Keeping your umbrella positioning consistent, “tweak” your message for each audience so it is getting what it wants.
Differentiation. A product’s point of differentiation can be determined by these questions: Is there a distinct attribute that makes your toy better than the competition? Is there a marked benefit that only your product can claim? Is your product targeted toward a certain group of children? And lastly, is there a creative application beyond the play factor that makes your product distinctive? Think about differentiation from multiple perspectives and select the most compelling and clear-cut position.
With the basics of positioning and promise under your belt, building a brand that has both accuracy and longevity is within reach. In the coming months, we’ll look toward the remaining two Ps, personality and perception, to round out the equation.
Read more about what Flom has to say about Promise, Personality [coming shortly] and Perception [coming shortly].
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