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Grasping the Essence of Competitive Positioning Competitive positioning refers to how your product or service stands in relation to your competitors. It is crucial for effective product marketing as it guides how you distinguish your offerings and communicate with your target audience. Poor positioning can lead to a significant loss of market share, and in extreme cases, it can even result in business failure. Therefore, it's vital to get your competitive positioning right. Consider Lyft as an example. Lyft's product marketers know that all ride-sharing apps have similar features and pricing. So, how does Lyft distinguish itself? By focusing its messaging on social responsibility. Lyft aims at personas who identify with liberal political values, highlighting its support for LGBTQ communities, environmentalism, and other progressive causes. This strategy makes these personas more inclined to choose Lyft over its competitors. #CompetitivePositioning #ProductMarketing #MarketDifferentiation #CustomerEngagement #MarketingStrategy

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