The power of Customer Influence on your Market Position
In today’s fast-paced business world, customers hold the reins when it comes to determining your Market Position. Communicating with the market involves not only spreading the word about your company and its offerings but also showcasing your values. To succeed, it’s crucial to attract customers who share your values and see the benefit in your solution.
Creating Human Connections Through Values
A product or service shouldn’t just solve a problem; it should also forge a sense of connection on a human level. Customers crave alignment between their values and the experience they have with your business. That’s why it’s so important for your team to consistently communicate and demonstrate your core values in every interaction.
The Importance of Authenticity
Being true to yourself is essential when defining your values. Your values should accurately represent who you are as a business owner. Trying to fake it for an extended period will eventually backfire, leaving you with a damaged reputation or the perception of being disingenuous.
The Ripple Effect: How Customers Shape Your Market Position
Over time, customers will take an active role in defining your where you sit in your chosen market – or if you even get a spot at all! Word-of-mouth, online reviews, referrals (or the lack thereof), and other feedback channels are powerful drivers that can’t be ignored. Ultimately, customers will evaluate your initial claim, put it to the test, and either agree or disagree with your proposed market position. They will then actively place your business in the position they believe best suits your true values and offerings. They will do this independently of your marketing efforts.
Your Values as a Marketing Strategy
Consider your values and your team’s ability to showcase them as a marketing strategy. Making sure that your messaging and behavior align with your values will lead to a more favorable market position, driven by the active participation of satisfied customers.
Embracing Customer-Driven Market Positions
In a nutshell, the secret to a successful market position is acknowledging the active role customers play in shaping it. By focusing on creating genuine, values-driven experiences, your business can build a loyal customer base and a market position that accurately reflects your true principles. So, take a step back, connect with your customers, and let their voices help guide your business toward a better market position.
Cheers,
Adam Walsh
Bizualize
Values uncovered….not created.
