Oct
23
marketing differentiation

A – Z of Marketing: Differentiation

October 23, 2014 4:57 pm Published by Comments Off on A – Z of Marketing: Differentiation

You can use all the marketing tricks in the book but if you don’t differentiate yourself from your competitors, you’ll be going nowhere fast. Why should your customers buy from you instead of your competitors? What makes you and your products and services so special? It’s important to find out what you have to offer before you start sending out adverts and e-mails, or creating blogs.

What’s your unique selling proposition (USP)? For example, two jewellery stores may be selling the same necklace, but one of those jewellery stores is offering free engraving when the necklace is purchased. Who do you think customers will buy from?

There are many different ways in which you could differentiate your business from your competitors.

  • Offer as many unique, high quality products and services as you possibly can. Take the time to find out what your USPs are, i.e. what’s unique about the products and services you are offering.
  • Make your product or service stand out by presenting it as the best deal within your area. For example, a dry cleaning service may charge by the garment but could attract more interest if they were to dry clean three garments for the price of two.
  • Find your niche in the market. If you have a business that’s offering unique products and services that are tailored to a specific audience, it’s more likely that you’ll attract them successfully and you can raise your prices because of the bespoke product/service you offer.
  • Make yourself known for something. If you have a special offer and people start talking about it, you could become known for it. It’s great if a leaflet comes through the door but if someone you know says, ‘Hey, ____ does a free valet on your car with every service’, you’re much more likely to go there, word of mouth is always best.
  • Have confidence in your products and services? It’s amazing how many businesses will boast about what they have on offer but never guarantee the results the customers are looking for. If you believe in what you’re selling, say so. Tell your customers that results are guaranteed or they’ll get their money back and their confidence in you will be immediately boosted.
  • Offer fantastic customer service. A happy customer is a customer that comes back, so you might try going out of your way to make them feel special; whether that’s with a discount, a gift or even a nice friendly chat. It will all make you stand out from the rest!

Differentiation is all about identifying and making your customers aware of what’s different about your business and why they should purchase what you’re offering. Taking the time to identify just what that is, and then capitalising on it will get your business noticed above your competitors which really is the overall objective.

If you want to make your customers aware of your USPs, or if you need help identifying them and think a third party could help, contact Michelle at Ketchup Marketing today on 0330 088 9277 or use the contact form here.

 

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