Second-place companies often are late because they have chosen to spend valuable time improving their product before launching it. According to Ries and Trout, it is better to be first and establish leadership.
If a product is not going to be first, it then must find an unoccupied position in which it can be first. At a time when larger cars were popular, Volkswagen introduced the Beetle with the slogan “Think small.” Volkswagen was not the first small car, but they were the first to claim that position in the mind of the consumer.
If a product is not going to be first, it then must find an unoccupied position in which it can be first. At a time when larger cars were popular, Volkswagen introduced the Beetle with the slogan “Think small.” Volkswagen was not the first small car, but they were the first to claim that position in the mind of the consumer.
Other positions that firms successfully have claimed include:
- age (Geritol)
- high price (Mobil 1 synthetic engine lubricant)
- gender (Virginia Slims)
- time of day (Nyquil night-time cold remedy)
- place of distribution (L’eggs in supermarkets)
- quantity (Schaefer – “the one beer to have when you’re having more than one.”)
It most likely is a mistake to build a brand by trying to appeal to everyone. There are too many brands that already have claimed a position and have become entrenched leaders in their positions. A product that seeks to be everything to everyone will end up being nothing to everyone.
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