So often, as we begin working with relatively new marketers or with categories and classes of products that have, traditionally, not driven their brand's growth via marketing, we hear a familiar refrain: "Our marketplace is different. We are besieged by low priced competitors who have changed the rules of the game. The marketing basics - like constructing a differentiated brand positioning statement - don't apply well to us." Of course, many who speak this way don't know what they don't know. One of the things they often don't know is how other, longstanding premium-priced brands (across many kinds of industries) have successfully out-thought and out-maneuvered their low-ball competitors. They often don't know what options they might consider - not merely to "justify" their brand's premium price - but to win with it! This week we take a look at some of those very reliable strategies.
The DISPATCHESTM for September 19, 2010 can be found here:
DIFFERENTIATING - WITH PREMIUM PRICING
A printer / handheld friendly version can be found here:
DIFFERENTIATING - WITH PREMIUM PRICING
It is also available in PDF here:
Differentating-WithPremiumPricing.pdf (PDF File)