One of the critical drivers of business success is having a unique competitive advantage. Most managers understand that to attract a larger share of the market, or find enough customers prepared to pay a premium price, they must provide something of greater value than their competition. For most managers, competitive advantage boils down to providing superior quality and service. Think about it. Is this what you are aiming for?
Now, striving for quality and service sounds to me like what Americans call "motherhood and apple pie." The purity of these things has an appeal that you can't argue with. But I have a problem with the concept. You see, whenever I ask my clients what their competitive advantage is, realizing that there can be only one "cheapest" competitor, they almost invariably tell me that it is quality and service. The trouble I have with that is, if everyone provides quality and service, where is the competitive advantage?
The problem with just saying quality and service is that the concepts are too vague. Think about it. Can you give me a definition of the word "quality"? It's not that easy is it. There is something intangible about "quality" because it is a relative term. When I ask my clients what they mean by "quality" or "service," they have the same difficulty. The danger is that their idea of quality is something less than their customer's. Unless you can define exactly what "quality" and "service" means to your customers, you don't have a tangible competitive advantage.
What does "quality" mean for your product or service? How is that different from any of your competitors? You need to get very specific. Merely generalising about quality and service doesn't give customer's anything to go on. Can you prove your product is better, stronger, faster, more reliable? Just presenting quality and service in general terms isn't enough to demonstrate a clear competitive advantage. Customers don't believe vague claims and they don't believe you, unless you can back up your statement with irrefutable facts. The same goes for service. What does better service mean?
Is it faster, more personal, more user friendly? How can you support your claims?
Whether you use these statements in your advertising or selling situations, statements that are specific and verifiable will always be more believable and therefore more effective, than vague generalizations. So if you promote your product or service on the basis of superior quality, start working on defining exactly why it is superior and provide measurable proof of its superiority. This will achieve one of two things. First, you may find out that your product or service isn't really that much different or better than your competitor. That's OK. At least you now know and can get to work on finding out how to make it superior. Secondly, if you can define your superiority and provide measurable proof, now you really have a competitive advantage which gives you a unique selling proposition to advertise.
Look at the following claims. "Our product is the best on the market." Or. "Our product was shown in scientific trials to be 37% more effective in ?.. than competing products." Which do you think would be more effective in advertising?
If you can't test your product or service to measure its superiority, you can provide independent verification of your claims in other ways. For example, using client testimonials is a very effective way of overcoming customer skepticism. When independent people talk about your product or service in a positive way, describing the benefits they have received, it is much more believable than when you say the same things yourself. It is even better if your customer is specific .
So, what is your competitive advantage? Don't say quality and service. That just doesn't mean anything to your market. Get specific, get the facts and be believable. Then use that unique selling proposition in all your promotions and selling activities to drive home your competitive advantage. You'll see a difference in your results that makes it worth the effort.
(c) 2004 Greg Roworth, Progressive Business Solutions Limited
Greg Roworth is the Managing Director of Progressive Business Solutions Limited, a business development consultancy firm with branches in Wellington and Auckland, New Zealand. Greg has created a unique business development program that assists business owners transform their business from a state of total dependency on them to a state where the business works so well they don't have to.
Greg is also the author of "The 7 Keys to Unlock Your Business Profit Potential," which descibes the fundamental keys a business needs to achieve this transformation. Find out more, get 2 free chapters, or buy the book online at http://www.small-business-success.ws
![]() |
|
![]() |
|
![]() |
|
![]() |
You bet a name is important. Many small business owners... Read More
"Make no little plans, they have no magic to stir... Read More
How do automotive detailing companies start? What makes them work... Read More
What about me? Are you asking yourself this question? If... Read More
About once a month a few of us at the... Read More
A corporate logo design should be highly instrumental in building... Read More
Naming a business is like laying the cornerstone of a... Read More
This may come as a surprise... to you, but Branding... Read More
Your brand is the culmination of everything about you and... Read More
When we initially started our businesses, we had to decide... Read More
The Sears-Kmart merger hopes to fabricate some sort of silver... Read More
That cross-trainer you're wearing -- one look at the distinctive... Read More
7 Qualities Of A Strong Brand:1. Commands premium pricing while... Read More
Ask any marketing executive and they will tell you that... Read More
Successful Guru marketers have a secret weapon that they use... Read More
A successfully positioned business sometimes doesn't win a new client.... Read More
In the world of marketing, branding issues are always an... Read More
Make A Bold Promise Then Back It Up With An... Read More
The seventh in a continuing series of twice-yearly surveys by... Read More
Many businesses of today are often driven to compete... Read More
If you own a web-based business, you're probably aware of... Read More
Building a product into a brand leader is not easy,... Read More
Sometimes, new entrepreneurs are in such a rush to get... Read More
One of the prime motivating factors in the purchase decision... Read More
The marketing director for one of my longtime clients used... Read More
Most people, when they hear the word branding, think logos... Read More
The right logo, with the right characteristics, will boost your... Read More
Branding is perhaps the most important facet of any business--beyond... Read More
How many times have you heard of seen advertising for... Read More
1. Never send a letter that weighs less than 30... Read More
My first year as a Cyberpreneur was a steeplearning-curve. I... Read More
Branding has been defined, explained and examined extensively. There are... Read More
Building your brand into a brand leader isn't easy. There... Read More
When we initially started our businesses, we had to decide... Read More
Everyone wants his company logo to be the best but... Read More
June 13, 2005 -- Jane Chen (Producer) of the Red... Read More
Branding is a one hot topic, although it is wildly... Read More
Now that everyone has conformed to Living Your Brand on... Read More
Gaining new clients that are excited about developing a corporate... Read More
That cross-trainer you're wearing -- one look at the distinctive... Read More
My business logo and color scheme started one lovely spring... Read More
Make More Money Making a Name for YourselfCalling all realtors,... Read More
Ask any marketing executive and they will tell you that... Read More
Brand equity can be defined in many different ways. I... Read More
Make A Bold Promise Then Back It Up With An... Read More
Most people who own a small business have a huge... Read More
The name of your business is important--it's one of the... Read More
As consumers, we don't really think about the importance of... Read More
To begin, let's define "Brand Identity," which is the combination... Read More
Building a product into a brand leader is not easy,... Read More
Feel that? The crisp tingle in the air? It's fall.... Read More
A list of customers who have previously bought from you... Read More
If you own a web-based business, you're probably aware of... Read More
Propose success, demand performance, and brand your market with appeal.... Read More
Sometimes, new entrepreneurs are in such a rush to get... Read More
Branding has been defined, explained and examined extensively. There are... Read More
Branding is more than product recognition or a simple logo.... Read More
Visual processing is the most important way for gathering information... Read More
While we recommend that you contract with the same designer... Read More
The best brands always try... Read More
Good marketing positioning is like good lying. No, we're not... Read More
Ever had one of those conversations where you wondered what... Read More
Look at your company logo. Does it fade into the... Read More
OK, so you took the plunge and purchased your internet... Read More
Well not everyone is aware that McDonalds also owns several... Read More
Large corporations spend lavish amounts seeking names for their products... Read More
Branding |