Competition and the Consumer’s Mind

Formulas, Goals, and the Battlefield

I usually agree with Seth Godin on most things, but this one is a bit too far out for me.  I’ve included the entire post on his blog below, it short, and also a link to his blog if you want to read any of the comments there.  So take a quick read and I’ll continue below:

Compared to magical

The easiest way to sell yourself short is to compare your work to the competition. To say that you are 5% cheaper or have one or two features that stand out–this is a formula for slightly better mediocrity.

The goal ought to be to compare yourself not to the best your peers or the competition has managed to get through a committee or down on paper, but to an unattainable, magical unicorn.

Compared to that, how are you doing?

– Seth Godin

Formula: Short Sale

I do agree with Godin that many companies sell themselves short.  Always trying to lower the bar in the hope of gaining a few customers.    Where I disagree with Godin on this is that it’s not because of the comparison to competitors, but rather a poor strategy for taking consumers away from those competitors based on the tactics that are short sighted.

Goal: Long Term Relationship

The tactics you use should be based on the principle that your company is seen as the better choice.  There are many areas a consumer could focus to answer this question.  It is your job to make the answer self-evident when it come to comparing your company to your competitors.

The Battlefield

We fight on the battlefield of the consumer’s mind.  It’s one of the smallest battlefield you will ever find yourself on, about 6 inches.   You should create campaigns that, hopefully, take up territory.  And if you do it well, you should hold more ground then your competitors.  The strategy is different for each company.  It is based on the position of your product in the market place and how our competitors currently stand.  We recommend following the “Marketing Warfare” strategies laid out by Ries and Trout.  So make sure your strategy fits your goals.

Because the last time I checked … your consumers aren’t looking to buy Magical Unicorns … and I’m fairly certain you haven’t hired anyone with unicorn making skills recently.

Good Hunting and would love to read your comments on this topic.

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• Sunday Shorts – Businesses Doing It Right Edition (dannybrown.me)
• The 10 Most Echoed Seth Godin Posts (davejafari.com)
• Education Manifesto ‘Stop Stealing Dreams’ by Seth Godin (connectwithyourteens.net)

Facebook’s Unfriendly Competition Subscriptions

We all, deep down in our souls,  know that Facebook has destroyed the concept of friendship.   Facebook has cheapened the meaning of the word friend, and yet, unwittingly …  somehow, elevated the concept of  “BFF” (best friend foreveeeeer!!!!)

Just the other day, a long time friend came to me apologizing that she had just recently accepted a long forgotten sent Facebook friend request.  She took five minutes explaining how and why she accepts friends in Facebook and said that my friends invitation was simply an oversight and begged for my forgiveness.  My response: “Oh OK, so how you been this week?”

New Competition: Google+ Circles

Not even out of BETA, Google+ has caused some irritation to Facebook.  You can’t help but seeing reviews on the concept of “Google+ Circles” and your ability to project your information to specific circle of people rather then having it pasted to your entire ‘friend list’ in Facebook.  After all, we segment our lives differently then all or nothing.

Google+ calls them “People”, Facebook calls them “Friends”   I can subscribe to people’s feeds in Google+, and yes even narrow that down by creating a sub-set call Circles.  Now in Facebook I can subscribe to ‘someone’ without being a being a friend.

Facebook has introduced a new look to ‘Lists’.  You could always create friend lists, but most people never used them because they were not the easiest to create or maintain.  Now they are more predominant on the screen and they include showing the number of new updates since last time on.  I will post more on this later.

Facebook’s Unfriendly Subscribe Option

Finally, I can follow a person without giving them the false hope that we have somehow become anything other then an non-friend acquaintance, if that.  My casual hook-up with them is simply a matter of convenience to satisfy my natural curiosity of what they have to offer.    Our relationship simply lasts as long as they provide me what I need, and I can drop them as quickly as I met them.  No emotional strings attached!  How nice of Facebook for finally allow such unfriendly relationships.

Subscription Button Info

Here are some things to remember about this new Facebook capability:

• a person must turn this feather on to allow someone to subscribe to them.
• you get to decide how much you want to see from your subscriptions, photo’s only, or how about ‘no more game messages!’ – that’s actually a good thing.
• If you can’t subscribe to someone, just remember “It’s not you, it’s them” and you don’t have to feel left out, no one can then subscribe to that person.
• Facebook Pages have gone through a lot of changes expect more changes to come that way as well.

Good Hunting

Related articles

• Q&A: Sorting Subscriptions in Facebook (gadgetwise.blogs.nytimes.com)
• Facebook Tests Friend Filters to Challenge Google+ Circles (hubspot.com)
• Facebook’s Smart list V/S Google+ Circles (dirtech.wordpress.com)
• Facebook Adds New ‘subscribe’ Button: Watch out Twitter (pcworld.com)
• Have You Activated Facebook Subscriptions Yet? (smallbusinessmavericks.com)