Does a new brand launch have to be superior to other launches to be successful?
Senior Marketing Scientist Kirsten Victory answers: Do new launches have to be superior or better than other brand launches to be successful?
Physical Availability is one of two market-based assets (along with Mental Availability) that is vital for brand growth and which underpins the financial performance of a business.
Physical availability is the quality and the quantity of distribution points where a product or brand can be bought.
Physical availability means making a brand as easy to notice and buy as possible, for as many consumers as possible, across as wide a range of potential buying situations as possible.
It is split into three dimensions: presence, relevance and prominence.
Presence – be present wherever products are bought
Involves decisions on where to place the brand, such as channel and retailer choice
Building physical availability requires breadth and depth of distribution in space and time.
Without Physical Availability, investments in Mental Availability are largely wasted.
Secondary display and eye-level shelf placement are measures of quality of physical availability. Weighted distribution, the number of facings a brand has on shelf and the number of buying points are metrics for quantity.
Presence – Be present wherever products are bought
Are you where you should be? How well do you cover places and times where category buying happens?
Prominence – Be prominent wherever products are sought.
Are you easily found in shopping environments?
Be easy to find in all shopping environments. Whether that is within an outlet, on shelf or online
Distinctive Assets deal with clutter by helping brands stand out and be quickly found.
Use DAs everywhere and consistently; linking in-store with out of store. Check that your brand is distinctive (but not odd).
Avoid fragmenting your brand identity when launching variants.
Portfolio – Be relevant for whenever products may be used.
Are you buyable?
Managing your Portfolio is about creating a relevant product range across the category’s many buying occasions, balancing range with costs to prioritise options. Overcome any potential barriers to purchase.
Create a map of category variants to check the brand is buyable for most of the situations that any category buyer encounters.
Have options that cover all key price options, such as budget and premium options.