Brand positioning involves owning a piece of the consumer's mind by positioning a product in their mind in a way that answers their main questions. It is important to understand consumer perceptions rather than just the product. An effective positioning starts by looking at what position in the market is wanted in relation to competitors, considers how the brand will satisfy consumer needs better than others, and keeps the positioning concise and specific. Finding the right key insight that relates two consumer thoughts in a new way about how the brand can solve a problem or create an opportunity is crucial for competitive advantage.