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Why Marketers Have Category Creation, Product-Market Fit, And Branding All Wrong
Too often, people believe major misconceptions about branding, product, and creating differentiated categories.
This can lead to wasting tons of money on campaigns — or even worse, losing your chance to dominate your category.
Here are the most common beliefs you don’t want to get wrong when it comes to Category Design:
1: Category Creation Is A Bad Idea
Most people believe Category Design is who-ha, malarkey, and/or B.S.
Which is why, in The Big Category Lie, I wrote about the 8 reasons why people believe Category Design doesn’t work (and explained that these excuses aren’t true).
For example:
“You can’t create demand out of thin air.”
Except everything is the way it is because someone changed the way it was.
- In 1997, there was zero demand for “the Cloud.”
- In 1998, there was zero demand for “Athleisure.”
- In 2004, there was zero demand for “Energy Shots.”
- In 2009, there was zero demand for “Cryptocurrencies.”