Differentiate or Die – 3 Keys to Eclipse Your Competition
Business competition is the race or rivalry among business competitors that are competing in the same niche. The purpose of competing with one another is to increase the revenue of the business by increasing the sales and market share. If you’re in the business market, then you should be familiar with the strength and weaknesses of your own business, and also with competitors as well.
The thing about business competition is that it always exists in the business market; you won’t find any field of business where there isn’t any competition. However, some fields are less competitive and the others are more; but business competition in the market is always there.
As the name implies; direct competition means that your competitors are in the same line of business and they are offering the same product and service. Direct competition is something which comes to our mind; when we talk about business or competition. Competition could be about anything which your competitor would target; price, service, particular features, sale point, etc.
Differentiate or Die – 3 Keys to Eclipse Your Competition
Quite frankly there are very few ways to really differentiate yourself from your competition. You make a great product, so do they. You provide top-notch customer service, they do too. Worse yet, there’s probably a competitor out there that already plays a bigger and better game than you. So what can you do about it? Well, here are 3 keys you can start applying immediately to differentiate and separate yourself from the competition:
1. Positioning. Let’s face it. People want to be associated with and buy from those they believe are the best. Back in the early computer days, there was a saying that nobody ever got fired for buying an IBM. IBM was believed by most to be the best personal computer available. Were they? Maybe. However, they were the perceived expert. Gaining this credibility in your field without a doubt tilts the scales in your favor. This is one of the greatest ways to magnetize your business and lead you on a path to create raving fans.
2. Relationship Building. Consistently stay in tune with and in front of your desired audience – not hard selling, but relationship building. When you truly and genuinely have their best interest at heart, and believe me, they can sense it, you lay the foundation for an insurmountable bond to be formed between you. Remember, people buy from people, not, companies.
3. The 180° Marketing Method™. The crux of this methodology is simply to look at what your competition is doing and do something else. Dare to be different. The best way to successfully pull this off is to look into other industries and pioneer their successful marketing ideas and techniques in your industry. I hate to be the one to tell you but, most marketing ideas and techniques have already been done somewhere by someone. So why try to reinvent the wheel. I’m not saying plagiarize here. I’m simply saying learn from the success others have had before you – especially by leveraging ideas and techniques that are new to your industry.
Differentiate or Die – 3 Keys to Eclipse Your Competition
There’s a great quote floating around that’s attributed to both Zig Ziglar and Dr. Kenneth McFarland that goes something like this: “There are no traffic jams when you go the extra mile.” Applying these 3 keys will definitely get you traveling along that extra mile and seperate you from your competition.
So while most businesses are out there like lemmings playing follow-the-follower, I challenge you to step it up and dare to be different. Be a leader and go it alone on the road less traveled and I guarantee people will stop and take notice.
