Competitive Differentiation with Relevancy & Value

Marketing Ingredient # 008

Competitive Differentiation

Photo: Liz West

 

Competitive Differentiation – What make you different from everyone else? What attribute, specialty, service experience or customer preference uniquely belongs to you? Find it – communicate it – and you will command a premium in the marketplace … with a caveat.

There are many way to differentiate yourself: features, service, performance, pricing, target audience. BUT, it only matters if it matters to your client or customer. If they don’t appreciate the differentiation then don’t bother! Competitive differentiation is a step in the right direction – differentiators that your customer actually cares about and values is an ingredient to Irresistible Marketing™.

… I’m curious … what’s your competitive differentiation? Share here and pass it on!

Competitive Assessment – How do you rate relative to your competitors?

Marketing Ingredient # 007

Competitive Assessment

Photo: stock.xchng

A common pitfall among entrepreneurs and business executives alike is underestimating the competition. It’s a crowded and noisy marketplace – to be different you have to know what’s out there! (And please don’t tell us you have no competition!)
Also, don’t forget that two of the biggest competitors are apathy and the incumbent.
Key question: What are the key product – service attributes that are important to the customer? How do your competitors rate? How do you rate relative to your competitors? Plotting the competitors’ strengths and weaknesses relative to yours is a key marketing ingredient.

Wordpress SEO Plugin by SEOPressor