Marketing 101: The Microenvironment - Competitors

I want to start this week's post with a bit of caution: even though there may not be a lot to write, this part of the Micro-environment is by no means small or light.  In fact, it is complex, requires a lot of thought and study, and must be properly evaluated.  It's your Competitors.

The marketing concept states that in order for your marketing to be successful, your business must provide greater customer value and satisfaction that your competitors.  In other words, you must do more than simply adapt to the needs of your target customers.  Let me state this again:  You must do more than just give your customers what you think they need, or they say they need.  You must gain a strategic advantage by positioning your products and services against your competitors in the minds of your customers.

This is all about positioning.  You have to differentiate yourself from your competitors.

You can't do this unless you study your competition.  You have to study them, their products, their marketing messages, and figure out how to stand out above them.

This takes time and a lot of studying.

Remember, no single competitive marketing strategy is best for all companies and situations.  You need to take into account your size and position compared to your competitors.  Large firms with dominant positions in an industry can use certain strategies that smaller firms don't have the ability to from a resource standpoint (money and manpower).  But being large is not enough.  There are winning and losing strategies for all sized businesses.  Small businesses must find the strategies that give them larger rates of return. 

When is the last time you took a hard look at your competition?

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Organic Thinking

As we begin the new year, we often reflect on the past.  We think about our good and bad habits.  We think about what we loved, what we regretted, and what we want to change.  We sometimes spend a lot of time thinking, and very little time doing.  Maybe it's time to change the way we think, which in turn, may help us to "do" more effectively.

Have you ever thought about thinking organically?

Organic thinking is less organized and less structured.  Similar to brainstorming, organic thinking allows your thoughts and ideas to appear freely, without immediate evaluation or consideration.  Simply put, when you are organically thinking, you are allowing one thought to lead to another, and another, and another. Why would you want to do this?  Why would you effectively allow your brain to think without "thinking"?

The first reason is it makes it easier for you to be creative.  When you think organically, you don't constrain yourself with constant self-evaluation.  You don't hold back.  You suggest ideas as they come.  As with brainstorming, you must make sure you document everything that pours out of your brain.  Once you do that, then it is the appropriate time to evaluate and critique.

By holding back your critique until after an organic thinking session, you make it safer for you and your team to put any and all ideas out there, no matter how outlandish or "stupid" one might be.  What you will often find is a couple of golden nuggets of suggestions, solutions or paths that no one person on their own may have come up with if they are scared to be judged by someone else.  Often a combination of ideas will lead to a better solution.

The next time you have a problem to solve or a product to pitch, allowing yourself to think organically will give you and your team more freedom to explore any and all possible ideas.  You will also find that as a whole, you will be more creative as well.

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Number 1 2012 Marketing Resolution: Communicate Clearly

In 2012 we want to accomplish many goals:

- Sell millions in product
- Grow our brand awareness exponentially
- Achieve the largest marketing ROI for as little cost as possible
- Get promoted to, or hired as a CMO (I wouldn't mind that)

But before you can do anything above, or anything else, here's what you need to do from the first day of 2012: communicate clearly.

It seems simple, doesn't it?

In reality, communicating clearly involves a little bit of work.  Whether you're writing an email, or putting together a message for marketing, follow these steps, and you will be on your way to communicating more clearly:

1) Slow down.  When we rush, we make mistakes.  We say things that we don't intend.  We mix up our words.  Slowing down gives you the time to...

2) Think.  Think about the message you need to convey.  Ask yourself: Who is it for?  How will it be consumed?  What important information needs to be communicated?  After you slow down, think, answer these questions, and compose your message...

3) Review and edit.  You won't believe how often you will catch a typo here or there.  You may have reversed the order of your words.  You might catch a phrase or two that convey the wrong message, or potentially confuse the consumer of your message.

Using this three step method will help you communicate simple or complex messages more clearly and mistake-free.

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Blogging Effectively

Sage Lewis at the SageRock Digital Marketing Blog wrote that people don't blog as much as they use other social media because, "I think it’s because they see blogging as a big thing." Translation: Blogging is hard.  Blogging is not "hard".  People don't blog, because they are unsure what to do with it.  They don't know how to use it effectively.

Like any use of media, blogging starts with a plan.  Planning helps you set goals, build discipline, and write with purpose.

Goals help you have a purpose.  Without goals, you're blog, or any other type of marketing, is ineffective.  Goals help you focus.  All of your posts should lead towards one common goal, one common claim or idea.  For example, what if you created the most comfortable seat cushion in the world?  What if your goal was to sell one million by the end of the year?  Then all of your posts should be focused on convincing someone of the virtues of properly padded buttocks...which can be achieved with your amazing seat cushion.  Your posts could feature customer stories, or the results of studies about padded versus un-padded seats.  Each post focuses on one reason that someone should buy your seat cushion, which helps you reach one million unit sales.

Regular blogging also helps you develop the discipline you need to reach your goals.  Without discipline, it's impossible to reach a long term goal. Jim Whittaker said, "You can never conquer the mountain.  You can only conquer yourself."  The mountain is the sales goal.  Climbing the mountain means defeating the army of doubt, laziness, and busyness.  Doubt tells you that you will never sell enough of your product, and that no one will read your blog.  Laziness prevents you from spending the time to plan what you are going to write, when you are going to write it, writing it, and editing it.  Busyness lets you make excuses, allowing life's events to constantly get in the way of your online marketing plan.  

Setting goals and practicing discipline with your blogging frees you up to write with a purpose.  If you're not writing with a purpose, your blog becomes a set of random, rambling posts. Start by creating a list of all of the things you want to say that relate to your main goal.  Next, create a short outline for each item on your list.  Spend time each week developing and writing about each item on your list.  Eventually it will become easy, and you will develop a weekly writing routine.  Another benefit to this weekly writing plan is that it will build up content on your blog over time.  That content can be indexed by search engines such as Google.  Eventually you will have a large mass of indexed, searchable content.  Google also grades your blog higher if you're posting relevant content more frequently.  A stale, rarely updated blog will almost never appear on Google search results.  If you're also participating in online forums and other online communities, make sure you are linking back to your blog in your signature.  This helps build a "web" of links going back to your blog, and over time it can improve your search rankings, since Google gives your site a higher ranking when others link to you.

Create a plan, set a goal, practice discipline, and write with a purpose.  You just might find that the skills you develop writing a blog will end up permeating other parts of your life as well.

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