By Ronald Heider
When it comes to crafting your marketing program, you must differentiate yourself from your competitors. Pick a lane, preferably one that is not occupied by someone else.
While there are many lanes to choose from and ways to add distinction between you and your competitors, consumers often see three lanes: The top, middle and bottom.
Top level companies are those who offer exceptional products, services and unprecedented customer satisfaction. Nordstrom immediately comes to mind.
Bottom level companies are those who offer their goods and services cheaper than anyone else. Think Wal-Mart or K-Mart.
The middle is where most companies reside. Products and services are of decent quality, customer service is acceptable (or least OK) and competitive pricing is loudly proclaimed.
In his book, "Selling the Invisible," Harry Beckwith calls the middle lane potentially dangerous if you can't distinguish yourself. Unless you create a brand awareness that sets yourself apart, consumers have no more reason to choose you than they do your competitor. This holds true for both B2C and B2B companies.
There are ways to set yourself apart and distinguish yourself from your competitors. Consider Target as an example. Their business model is close to both Wal-Mart and K-Mart yet they present themselves in a very different light.
Target's ad campaign (summer 2009), "Brand New Day," hit the economy head on and inspired people to have fun while saving money. It ties in perfectly to their overall positioning statement of "Expect More, Pay Less at Target". You can buy the same stuff at Wal-Mart and K-Mart, but you'll have a lot more fun shopping at Target.
Finding that unique position that will set you apart from your competition is hard work. You need to be honest with yourself when assessing how good you really are at whatever it is you think you're good at. You'll also need to commit yourself and your staff to this position.
Before you buy a single ad, spend time picking your lane and developing your message. Consumers don't care how many ads you run, they care about how your goods and services will benefit them.
Listed below are four steps that will help you pick your lane and create a unique brand awareness:
● First: Decide which niche or service you are capable of fulfilling. What are you really good at? What can you do better at? What product line can you provide and be the very best at?
Analyze if this market is important to consumers. You may be the best widget maker on the planet, but if no one wants your widgets….
● Second: Demonstrate your superior position from every standpoint the consumer might look at.
Pretend you want to be the "used car king" in your market. You might need to offer, stock and display more used cars than anyone else. You'll also have to provide faster vehicle delivery than any other dealer. Providing instant credit approval can only help. Your advertising strategy will need a budget large enough to cut through all of the clutter and cause consumers to take note. You can't just say it; you have to prove it.
● Third: If you can't find a unique position, challenge a larger player.
If you do this, be ready to go the distance. Larger players are bigger for a reason. Be prepared to strike harder with each response the king makes.
As a smaller company, take full advantage of being able to act quickly. The current king is probably bigger, slower and more bureaucratic.
● And fourth: Put together a marketing team with the ability to make quick decisions. Make your smallness and quick response time your competitive advantage.
Businesses in the middle can reach new markets and new customers by doing things better and getting everyone in the organization on the same page. More than anything realize you cannot be all things to all people. Your long-term viability as a company depends upon you choosing your own lane.
Ronald A. Heider is a 20+ year veteran of the ad & media industry. Based in Norfolk, Va., Heider crafts, implements and manages marketing programs for consumer oriented companies. He can be reached online at http://www.ronaldaheider.com, or by e-mail at ronald@ronaldaheider.com.
Source:www.isnare.com |
