Launching a new product, especially for startups, can be a daunting task. One of the primary challenges often faced is product positioning. Nailing down the right industry and target persona for your product can make or break your success. In this blog post, we'll explore effective strategies to position your product in the market.

The Power of Research in Product Positioning

Research is the cornerstone of effective product positioning. In fact, the research phase should consume about 80% of your efforts. Before introducing your product to the market, start by asking critical questions. Who is facing the problem that your product aims to solve? Who genuinely cares about resolving this issue, and who is actively addressing it? These questions lead you to understand the industry these individuals belong to, their discussions around problem-solving, and the motivating factors behind their commitment to finding a solution.

Engage with Your Target Audience

After you've conducted your initial research, it's time to engage with your target audience directly. Reach out to those who are affected by the problem you aim to solve and solicit their feedback on your product. Ask them how they would position your solution. This direct engagement will provide invaluable insights and help shape your product's messaging strategy for its market introduction.

Tailor Your Message to the Right Audience

Effective product positioning involves tailoring your message to resonate with the right audience. Consider these key factors:

1. Features and Benefits: The features and benefits of your product should be crafted to appeal to end users who experience the problem. Keep in mind that they often lack the authority to make purchasing decisions.

2. Value Proposition: Your messaging should target product owners, such as managers and directors, who can advocate for your solution to the executive team. Convey how your product can make their jobs easier and more efficient.

3. ROI (Return on Investment): When discussing ROI, direct your message to the executive level or executive sponsors. These are the individuals who control the budget and can give the green light to your solution. Show them how your product can deliver a tangible return on investment for the organization.

The Path to Successful Product Positioning

By following this research-driven approach and customizing your messaging to the appropriate audience, you can significantly enhance your product's positioning and its chances of success in the marketplace. Effective product positioning is all about understanding your target audience, their needs, and how your solution can address those needs. It's not just about what your product does; it's about how it can make a difference in the lives of your customers. So, invest the time and effort in research, engage with your audience, and craft a compelling message that resonates with the right people. This is the roadmap to successful product positioning.

-Omar Jones, Successors University