What is Product Positioning?
The image of your product or service that you want members of your target audience to have in their minds. Because first impressions of your brand count, it can be helpful to craft a positioning statement that communicates how your product or service fulfills customer needs.
Example
In the energy drink market, Red Bull positions itself as the beverage for extreme sports enthusiasts, Monster Energy targets a youthful demographic with its edgy branding, and Rockstar Energy appeals to those leading an active lifestyle. Each brand strategically attracts specific consumer segments based on their interests and lifestyle preferences.