
1. The
Site
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PROMISE: Here at "The Riverside" you can enjoy breath-taking views of the
river (lake or park) from your
own private balcony.
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PROS:
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True. Projects luxury & exclusivity. Justifies price.
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CONS:
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Generic. Same view may be offered by other
current or future condos. May not be sufficient to overcome
resistance to downtown dowdiness.
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2. Details
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PROMISE: Here at "The Mercedes" you can enjoy exclusive luxury living in a condominium
whose elevations, landscaping, common
areas, amenities, floorplans, trims & finishes are truly exceptional.
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| PROS:
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Gives HNW Active and a few Future Shoppers
emotional & rational reasons (taste, space needs, security, etc.) to prefer our property to similarly priced competitors.
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| CONS:
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No reference to anything Real, unless
similar nearby properties have already been built by the company. All
details exist only on paper. Limited options may invite trivial objections.
Other condominiums may offer similar details.
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3.
Downsize
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PROMISE: Here at "The Liberty" you can enjoy luxury living without the hassles of
caring for a single family home that may now be too large for your family.
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| PROS:
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May appeal to some HNW SFH owners,
empty-nesters, first-time vacation home buyers, and seasonal residents who are planning to downsize in
the distant future.
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| CONS:
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Generic. True of all
condominiums. Active down-sizers can solve the problem faster
elsewhere. Lampooning the hassles of home-ownership may disgruntle
some broker agents.
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4.
Downtown
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PROMISE: Here "The Metropole" you can live within walking distance of the shopping,
dining, and entertainment of a vibrant new downtown.
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| PROS:
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True. Downtown will become more active and appealing during the next two years as new
businesses, restaurants, theatre, galleries, boutiques, etc. are
opened by locals and entrepreneurs from other markets.
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| CONS:
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The downtown area has acquired an
historical image of dowdiness which may take time to erase.
Generic
"downtown activity" ads build a case for all nearby condos and may diminish brand recall.
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5. Fun
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PROMISE: Here at "Le Bon Temps" you can enjoy
attractions, boating, golfing,
beaches, tourist activities, shopping, and theater from an
exclusive address convenient to everywhere.
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| PROS:
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True. Borrowed interest imagery
sure to appeal to seasonal and year round residents, first time buyers, and tourists.
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| CONS:
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Generic. True of all local
condominiums and SFH developments. Available sooner (and at lower cost)
from competitors.
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6.
Growth
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PROMISE: Now you can live close to work, in the middle of a booming
local economy, and be part of a vibrant downtown redevelopment.
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| PROS:
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Economic growth appeals to everyone. Rationalizes an investment today and a two-year wait.
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| CONS:
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Growth is in the future.
Suburbanites can take part in it equally well. This strategy should be executed by the
Economic Development Commission.
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7.
Invest
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PROMISE: Now you can invest in a luxury high rise downtown condominium
today whose value is sure to increase during the next two years.
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| PROS:
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Broadens the market to include anyone who
might want to live in a luxury condo in the future, or who believes that
downtown growth will drive prices up. Does not require the buyer to be the occupant.
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| CONS:
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Explicit promises of future resale
values are obviously illegal. Like economic growth, this positioning will be true of all other downtown and nearby condos and SFH
developments.
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Each of these positioning strategies is
plausible. Some are stronger than others.
We'd recommend a brand
positioning that combines the two strongest emotional and rational appeals
with selected support details from each strategy.
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Intro
Competition Planning
Seven Strategies The
Correct Position
Start Up Start Up II Start
Up III Month One Day One The
Name
Brand Intro MCPS Media
Plan Collateral Floorplans?
Trim Options Wrap
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