99 ways to Create a Competitive Edge that gets your “prospective” & current Customers’ Attention
Location, Performance, Physical Size, Color, Durability, Versatility, Speed, Accuracy, Ease of Use, Cust Service, Personalization, Specialization, Special features, Expertise, Trustworthiness.
How can you stand out from Competitors? To attract Customers you need to identify and promote an attention-getting competitive edge. Here’s how to do it.
You need a Competitive edge to get attention from Customers and to get them to buy from you – instead of your Competitors. But, how can you make your company seem different & more desirable than – other businesses selling similar goods & services? Start by thinking like a Customer.
A Competitive Edge is any factor that will make your company’s products or services seem more desirable than your competitors in your Customer’s eyes. It should be something that’s a clear distinction. But when there’s no such clear distinction, your competitive edge can be almost any feature or characteristic that will get Customers’ attention and make them think of you in a favorable way.
A. What gives Businesses a competitive edge ???
We all know that great Products & Customer service set businesses apart. But, for the most part, those are only evident after a Customer has made a purchase. The challenge – no matter what kind of business you run – is to find ways to stand out and attract those new Customers to begin with.
Retailers – trying to draw foot and/or auto traffic, visuals such as signs on your building bearing your logo & a slogan, sidewalk signs, unusual window displays, & brightly painted buildings can help (if local regulations permit). Signage on local delivery & service vehicles, sponsorship of children’s sports teams, & participation in the local Chamber of Commerce are other ways to make your Business memorable to “potential” Customers, and thereby give you an advantage. For products, packaging shape, color, & placement on aisles all are important ways to attract attention and build recognition for what you sell.
Getting Attention is just the first step in developing a competitive advantage. To give your business a real edge, you need to connect your Brand in some way to a real or perceived benefit that your Customers want. In other words, having an emotional peg that will appeal to your Customers.
B. What will make your business a Standout?
To help you find ways to distinguish what you sell from your competitors, we’ve put together a list of product & service features that could help distinguish you from your competitors. Keep in mind that features, by themselves, are usually not benefits. They won’t create the kind of emotional desires that turn into sales. To turn a feature into a benefit, you need to express it in a way that matters to the Customer…
C. List of Competitive Advantages
The List of Advantages below isn’t complete. No such list could ever be complete. Its purpose is to help you start thinking about what you sell in more creative ways. In reading through the list, remember that the factors you play up don’t necessarily have to be unique to you. They just need to be things that are important to your Customers. Most of the items on the list below are features that should be expressed in a way that shows how the feature solves a problem or fills a need.
1. Location
- Conveniently located in . . .
- Just minutes from . . .
- Overlooking the harbor
- Easy access from . . .
- In the heart of town (for a small town)
- Shop-from-home convenience
- Cloud-based service works anywhere
- 24-hour-a-day Internet access
- Plenty of parking
2. Performance
- Faster
- More precise
- Easier to use
- On time
- Accurate
- Flawless
- Most reliable
- Exceeds expectations
- Top-rated
- Out-performs
- Best in class
- Carefully tested
3. Physical Product Size
- Biggest
- Smallest
- Fits conveniently in . . .
- Small enough to . . .
- Large enough to . . .
- Big enough to . . .
- The perfect size for
- Fits all standard sizes
- One size fits all
- Custom fit
- Sized to fit any budget
- Fits all standard sizes
- Light weight for easy portability
4. Color
- Brightly colored
- Soft tones to fit in with . . .
- Sleek silver finish
5. Durability
- Sturdy
- Survives a drop from ___ feet
- Stands up to . . .
- Strong
- Long-lasting
- Reusable
- Won’t rust
- Varment-proof
6. Versatility
- Fits any size
- Multiple uses
- Works in any temperature
- Adored by young & old
7. Speed
- Get the job done in minutes
- Dries faster
- On-demand access
- Guaranteed delivery within one day
- No-wait service
8. Accuracy
- Accurate to within . . .
- Meets your specifications
- Error-free
9. Ease of Use
- Easy to use
- No instructions needed
- Step-by-step instructions included
- Self-explanatory
- Takes the effort out of . . .
- Effortless installation
- Done for you
- Worry-free
10. Customer Service
- 24-hour Help-line
- Professional support
- Award-winning service
- On-time arrival
- 30-day return policy, no Questions asked
11. Personalization
- Personalized attention
- Personal advice
- Custom-created for you
- Customized to your specifications
- Designed just for you
12. Specialization
- Specially designed for . . .
- Perfect for . . . . . . . . .
- Created with the ___ Industry in mind
- For Seafood lovers
13. Special features
- Chemical-free
- Odor-free
- Wholesome ingredients
- Locally sourced
- Organic
- Family recipe
- Fully assembled
- Wrinkle-free
- Adjustable height
- Bonded and insured
14. Expertise
- Masters at . . .
- Internationally recognized
- Talented team
- Pioneers in . . .
- Seasoned professionals
- Award-winning
- __ Years of experience
15. Trustworthiness
- Guaranteed
- All work guaranteed
- Backed by . . .
- Accredited by . . .
- Certified by . . .
- Praised by . . .
- Used by (names of Customers)
D. Use your Ingenuity
If you don’t see features in the list above that can help you distinguish your products or services from your competitors, what should you do? Create your own list. Make a list of all the features of your products or services, and their benefits. Think about the ingredients as well as the finished product or service. Now put yourself if your Customers’ shoes, and look at the list.
- Which things are important?
- What do you do, or
- What about your product could be perceived as being different & desirable?
Those are the things to promote to get attention.
Comments: Do you know any other ways to get your Customer’s attentions?
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