“If only we could get distribution … we’d have it made.” I hear this anxious declaration regularly. Particularly from manufacturers and software vendors. I’ve even heard it from a number of musicians! Manufacturers want representation from agents or retailers. Software vendors want to establish relationships with resellers. And musicians want representation from a record label.… “Why resellers don’t sell, and why you should be glad they don’t!”
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Now here’s a tough one … What would you do if you were providing a service that appeared to be identical to the service offered by your competitors – in spite of the fact that yours was clearly the superior offering? That was the problem faced by a large commercial cleaning contractor with whom I… “How clean is clean: lessons from a monopolist”
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My friend Jamie Hayes (whose Sydney gym was featured in edition 4 of AdVerb) likes to remind me that people don’t visit fitness centres any more. “The truth is,” he says, “they never did!” Jamie’s point is that, while almost all gyms have been calling themselves ‘fitness centres’ for the last ten years, their customers… “If it quacks like a duck!”
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A message for those business people who insist on competing on price: go ahead! That’s right. If you have a cost advantage, flaunt it. Cut your prices, build marketshare, consolidate that cost advantage and annihilate your competitors. So what’s the catch? Well, to successfully compete on price, you need to be able to manufacture, market… “Go ahead. Compete on price!”
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I’m often told by potential clients – in answer to the question, ‘on what basis do you compete for customers?’ – that ‘customer service is our point of difference’. In almost all cases service is NOT a competitive advantage. In fact, this answer is normally a tacit admission of a complete absence of one! Let’s… “Customer service is NOT a competitive advantage!”
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I spent a couple of hours with a Sydney-based insolvency practitioner last week. He visited to request assistance with his marketing. (Yes it’s okay, Ballistix is still solvent!) Because this was my first meeting with a potential client I waited a full 10 minutes before challenging the viability of his business model. Fortunately, my guest’s… “Baptism by fire: a sustainable competitive advantage or else!”
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Now here’s a common concern. How do you harness the obvious revenue-generating benefits of discounting – without damaging your corporate image? If, like Super Cheap Auto, you are positioned as a discounter in your particular industry category, promoting reduced prices may enhance your corporate image. But, if you wish your market to perceive you as… “Discounting: how to ‘buy’ new clients without selling your corporate soul”
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