“Know Thy Competition”

BREAK FROM HO-HUM MARKETING … IT’S TOO BORING!

Once you break from ho-hum marketing, and learn to put your deeper beliefs and values into your promotion, a remarkable thing will happen: You will beat your competitors at every turn, attract precisely those clients who really need and appreciate the products or services your company provides, and have a really good time in the process. In other words, once you know what your clients really value, and how you are different from your competitors, it’s incredibly simple to promote your company’s products or services.

KNOW YOUR AUDIENCE AND YOUR COMPETITORS

Think about it: If you really know what is of value to your clients, what they want and need, and what you can offer that your competitors do not, it’s easy to get the business from the clients you want. Also, this makes it a no-brainer to know exactly what to say in your promotional messages. You’ll be conveying the fact that you offer something of interest (and that you do it well). Thus, you’ll connect emotionally with those who need your services.

Here’s an 8-step process to help you get started:

1. FIND YOUR COMPETITORS. Yes, everyone has them (although initially, almost every company I work with says they don’t have any…it’s just not true). Do a Google search on the keywords that best describe your company, such as “marketing consulting” or “IT Support, Kalamazoo.” Trust me – your competitors are out there! 

2. MAKE A LIST OF WHAT YOUR COMPETITORS CLAIM. In another column, make a list of what main verbs or nouns your competitors are using. In the case of my company (which does marketing), the list includes consulting, business management, promotional design, copywriting,market research, websites, advertising, marketing plans, and so forth.

3. LIST WHAT YOU OFFER. In another column, make a detailed list of what you offer.

4. FIND WHAT IS SIMILAR. Circle the words in both columns that are basically similar in meaning.

5. FIND THE DIFFERENCES. Now highlight the words in your column that are different. Remember, it doesn’t necessarily have to be a product or service that is completely different, but maybe the way you offer that service. For example, my company looks into the “soul” of a company to find out what is really meaningful to them, and offers a truly unique process that allows them to attract clients that are really right (and ripe!) for them.

What does yours do? Hint: Do NOT say “We give good service.” This is what virtually everyone on the planet THINKS sets them apart. It doesn’t. It’s passé, boring, and (since it’s oversaturated in our contemporary vocabulary), it’s completely meaningless. Go ahead – be creative, not boring. Everyone will appreciate it, and you’ll get more clients!

ASK YOUR CLIENTS. Now, ask some of your colleagues, friends or clients to tell you truthfully what they value about you. When you fully understand what makes your clients tick (and more importantly, what they love – or don’t love – about doing business with you), you can promote those qualities to other potential markets. 

For example, recently we asked one of our  web design  clients (a web optimization company, which we helped to differentiate from hundreds of competitors) what sets us apart. This is what they had to say:

"Working with Allison Bliss Consulting was a wonderful experience. Allison made the pain of developing a business plan an exciting and pain-free process. She kept us on track and focused throughout the project, she took the time to listen to our needs, and she delivered well above and beyond our expectations. Allison's suggestions for improving our business strategy and outlook were a blessing, too. We now have a solid business plan that specifically reflects our new company direction and focus. Because of Allison's thorough analysis and delivery of our business plan, we will be awarded a grant from our local government. I recommend her services highly."

Michael Swartz, MJS Web Solutions
http://www.mjswebsolutions.com

Add those comments to your own column, and highlight the phrases that are unique from your competitors (in this case, the client felt we made the process exciting and pain-free, and delivered well above and beyond expectations, and created a plan that awarded the company grant money). Your clients know exactly how you are different, better, and more valuable to them—and, you may learn a few things you could change to make your offerings even more perfect!

Hire a researcher, and you’ll get the very best answers, the most honestly. But if you cannot afford this, send a very short questionnaire to clients, asking them some very specific questions about what is of value, what is not.

At some point, consider engaging a pro to do these “client evaluations.” You’ll get much deeper, more useful testimonials than those quickie survey answers can generate; you can then use the testimonials in your promotional materials.

Since everyone’s time is valuable, it’s best to reward your clients in some way for the time it takes them to answer your questions. You could offer movie tickets, one of your products, some of your time for free, or whatever you think THEY would appreciate.

6. INVESTIGATION LEADS TO RESULTS. When you do this investigation, many wonderful surprises emerge. You might find that your clients need other services you could offer, or that you are undervaluing your services and could easily raise your prices (this is actually a very common discovery). Also, you might find that a simple change that packages the pricing of your services or systematically speeds up your estimating would make everyone much happier & close more business. Or, you might learn that even though you believe you offer lightning-fast response time, your clients don’t perceive it that way. From this information, you can often make improvements that lead to significantly more income.

7. ASSEMBLE YOUR CONTENT. Now take all those phrases and keywords you’ve highlighted and put them on a page, add a bit of your true soul and beliefs about your company (presumably you have some passion; otherwise, why would you start your own business?) to build emotion, and then list your services or product descriptions. If you’re not an experienced writer, hire one to help you. Need advice or a referral? Call us. Or ask your competitors. I do.

8. CREATE THE BUZZ Now, consider the last company you heard about that totally gripped you. You wanted to tell all your friends about it, because it had such an intriguing affect on you, right? In marketing, it’s all about creating that “buzz” — you want to evoke that reaction in your audience (or target market) through your marketing materials, your print ads, TV commercials, presentations, networking, and of course … by doing great work, which offers lots of value! So, take this information and get it out to the world … in any and every way you can.

MARKETING TAKES TIME. SPEND IT WISELY.
Doing marketing research, evaluating your competitors so you can promote your own unique capabilities, and gaining the confidence to let the world know about your talents, is the reward. Get the information first, because “Knowledge is Bliss."

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Sincerely, Allison

 

 

 
 

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