Remove Market share Remove Niche Remove Price
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Measuring Market Penetration with Brand Tracking (+ Metrics & Examples)

ConversionXL

For example, if a significant portion of customers intend to repurchase simply because you offer the lowest prices, give less weight to brand loyalty in the final analysis. Market share. Market share is a good measure of your brand position relative to your competitors, as it’s a zero-sum game. Image source.

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Invent a new category, charge more

ConversionXL

If you create a new category, there’s no price reference and people are much more likely to accept any price you name. It’a category Starbucks built along with a price tag for it. Creating a new category or niche means that, at first, you own it. Free electricity and wifi. They also changed the name.

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What's Sprite to Coca Cola? An Exploration of Brand Portfolios

Hubspot

That flagship brand serves typical fast-food fare at bargain prices. Now, a solid segment of the chain's market is starting to err towards healthier options. The hope is that the new brand helps increase the company's market share within that product category and serves the needs of prospects the original brand might not cover.

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Is Your SaaS Go-to-Market Strategy Tsunami-Proof?

ConversionXL

market conditions) and competitive positioning. product offering and pricing). Perfect for hyper-niche solutions. That premium price isn’t because the solution is more valuable but because the customer acquisition model is more expensive. To put yourself on higher ground, the next best SaaS GtM is a marketing-led GtM.

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The Expert Guide to Creating a Marketing Growth Strategy

ConversionXL

A marketing growth strategy is about small and incremental wins that build up over time. In this article, you’ll learn how to build a marketing growth strategy to increase your market penetration, market share, and revenue. Rapid experimentation is critical to your growth marketing strategy.

Growth 115
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The 2018 Guide to Successful Brand Positioning in Your Market

Hubspot

In fact, their brand names have become generic terms for all similar products in their niche. Search these forums to discover competitors in your niche. Chipotle and Taco Bell’s fight for market share delivered a study in quality versus quantity. If you cut yourself, do you ask for a bandage or a Band-Aid?

Niche 101
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What Is Competitive Advantage? Its Nature & How to Find Yours

Hubspot

And yet, shares within all of those markets are never evenly distributed. Certain products or services perform better than others — both in general and within specific niches. Simply put, it occurs when a firm can offer a product or service at a lower price than its competition without sacrificing too much quality.