In today's market almost everyone has something to sell. While you
may have a strong product to sell or an exemplary service to offer, it
is essential to differentiate yourself from the pack. But how can you
make your product or service stand out in a consumer's mind? How can
you make sure that your target consumer picks you over your
competition? Below are a few tips to help you create and market a
point of distinction for you and your business and get you noticed by
your target audience:
1. Know who you are trying to reach. Spend some time examining who
you are trying to sell to. For example, if you are in the business of
renting property are you targeting students, couples who just moved to
the area, retirees or families looking for a summer vacation rental?
Knowing your market will help you learn what your clients want and how
to better serve them. For example, if you are targeting young
families you can emphasize your knowledge of the quality of area
school districts, but if you are targeting retirees you can emphasize
proximity to shopping, restaurants and community activities.
2. Know what your consumers want. Once you know who you are trying to
sell to it is much easier to learn what they want. Spend time with
people who are similar to your target customers and learn what they
are looking for in a product or service. Don't be afraid to ask past
customers what they liked most about your product or service and what
they think could be improved.
3. Learn about your competition. Now that you know who you are trying
to sell to and what they want, find out whom else is trying to sell to
them. Analyze your product or service in comparison to theirs. Do
you have better customer support but a slightly higher price? Do you
offer a certain level of experience that your competitors don't have.
Once you learn about your competitors, you will be able to understand
how you stand out from them.
4. Be honest…with a glass half full attitude. If you know that your
customer service is better than your competitors' but your price is
higher, emphasize your customer service. Don't hide the fact that
your price is higher but learn to play up the reasons why your product
or service is more expensive. If your product is inexpensive but you
don't offer the same quality as your competitors, focus on the great
price you offer. If your product offers a feature that no one else
offers make sure your customers know about it and that they can only
get it from you.