Jim JamesFounder, UnNoticed Ventures · Hi, what's on your mind? I'd love to know.

Why you need to conduct a market research analysis in this age of narrow to #getnoticed and grow ...

3 Feb 2024 · 2 min

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1:45

In this video, the speaker argues that companies should prioritize strategic positioning over merely producing content or outreach. Effective positioning requires thoughtful analysis to decide where a business fits in the marketplace and, crucially, what it does NOT do. The speaker warns that many firms adopt overly broad positioning, which dilutes their marketing and sales impact. To narrow and sharpen positioning, he recommends conducting market segmentation studies, buyer‑persona research, and competitive‑landscape analysis to uncover gaps and define clear boundaries. The research acts as a reality check, preventing businesses from over‑extending their scope and ensuring their marketing efforts target the right niche.

Chapters

Well, first off, I think for a lot of companies, the most important thing they can do is focus on how they position themselves. A number of companies initially focus on how they can produce good content, how they can reach out to customers. You know, it's a lot of the like activities that require muscle, but positioning requires you to use your head. And that's its primary goal is to figure out, you know, where in this marketplace Should I stick myself and how should I define myself? The problem is also when most organizations—this kind of leads up to the age of narrow discussion—is that their positioning is fairly broad. But taking one step further and actually telling the market what you don't do—I mean, you can conduct market segmentation studies. You can do studies with buyers and do you know buyer persona research to figure out where the lanes are. You can do competitive landscape research to figure out if there's kind of a. Gap between you and the competitive landscape that you should grow into. But yeah, you can definitely set the bounds of that. And it's a good point. You shouldn't set it probably without a certain amount of research, because the combination of your need to feel like your business could reach all these potential areas might lead you to make the bounds of your business a little bit bigger than it should be when it comes to your marketing and your sales efforts. And I think there's a kind of a good Reality check that you get from doing the research itself.