Daily Sales tip: Sizing up the competition

by Business author Mark Faust

The best lens through which to see your competitors is that of your customers. Regularly asking customers who and what the alternatives to your solutions are may increase selling effectiveness.

The following questions will help you establish positioning points for a product or service:

— What do you offer the customer that no one else offers? (Points of competitive uniqueness.) Unique advantages of a product or service are rare.

— What do you offer that is demonstratively better than the competition? (Points of competitive advantage.) Advantages are most powerful when you have proof of your advantage’s reality and value.

— Where are you equal with your competitors? (Points of equality.) Calling out an equality may help neutralize a competitor who touts it as an advantage.

— What are your weaknesses that may hinder your offering to the customer? (Points of competitive weakness.) This weakness can be re-positioned as a chosen weakness that highlights the competitive advantage of your offering. A higher price may mean better quality and service. 

khanshaw

Recent Posts

Get Help Hiring: How to recruit in 2021

If you're in human resources and finding it harder to fill open positions, it may…

4 years ago

What’s In A Name? A Lot When It Comes To Your Business

Consumers buy products for many reasons, and whether consciously or subconsciously, your business’s name can…

5 years ago

Kia dealership aims to grow monthly conversion from their website | Case study with radio and digital combined

https://www.linkedin.com/embed/feed/update/urn:li:ugcPost:6770413280340041728

5 years ago

How advertising and marketing communications work – Sales activation vs Brand building

https://www.youtube.com/embed/4OSr-Fwp7N8 How advertising and marketing communications work It's important to understand marketing and branding works…

5 years ago

How to position your local car dealership against online dealers like Carvana, Carmax and Vroom

If you own a auto dealership and you're looking for ways to compete against the…

5 years ago

Use Historical Geo-fencing to target your previous customers today!

If you're finding it hard to get customers IN your door, use historical geofencing data…

5 years ago