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A Competitive Market: What’s the Difference?

As you begin developing your marketing strategies, ask yourself "Why should a customer or client come to you instead of your competition? What makes you different?" Were your first answers similar to any of the following: We provide great service...We are reliable....Nobody else can do it like we can.…We've got a great product....We really care about our customers!

Unfortunately, while that may be true, it is essential to know that you are not alone in thinking this is what makes you special. In fact, this is probably exactly what your competition is saying. Every company proclaims to have a customer friendly orientation, a superior product, and/or superior ability. Think about it. Have you ever gone into a business that said, we have really poor customer service, everybody can do what we do, and we really don't care about our customers/clients!!

The fact is that in today's world, you have to become competitor-oriented. Yes, that's competitor oriented. In Al Ries and Jack Trout’s book, Marketing Warfare, they point out that even if you have a better product and better service, if there is a perceived advantage to using your competition, that's where the money will land. "The battle takes place in the mind. There are no facts in the human mind only perceptions. The perception is reality." Businesses need to learn what their competition is doing and saying and determine what sets them apart if they want to emerge victorious.

Often newer businesses are searching for the golden ticket that will allow them to achieve their success. They ride the waves of the market, trying new products and new ways to generate income. They're searching for that ship to come in and have great hope that at least one of their ideas will be "the one." They fail to see and/or communicate the uniqueness that is often already present in their own business that could put them on top. This can result in years of wasted time and money.

Even established businesses often fail to establish a competitive differential, slowing their growth and endangering their future. They rely on their good reputation and are confident that future success will continue as it has in the past. What they need to be aware of is that the competition is watching and new competition is waiting in the wings. It is just as important for these companies to communicate what makes them unique, and use their position of strength.

The concept of developing a differential often scares business owners. They think it means completely changing what they do or what they offer. But the fact is that most companies already possess many things that do indeed make them stand out from their competition, but they fail to communicate this to their market. All messages, from print ads to verbal networking messages should clearly communicate what makes you special. Arm your market with the knowledge that selecting you is the logical choice.

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