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“Sir, how does a business handle competition?” I asked The Effective Detective, launching today’s discussion.
“An interesting query Watson, but unfortunately a tad vague. Can you perhaps make it a little more specific?” returned The Detective.
“Well, I guess the question is more how does one distinguish oneself from the competition when one is in a very similar business that provides similar results?” I re-asked the question, narrowing the focus as The Detective requested.
“Ah, a much better query Watson. I would surmise you ask because the conventional wisdom today is that you need a USP or Unique Selling Proposition to succeed,” The Detective began, pausing for me to confirm or deny the basis for the question.
“You surmise correctly sir.” I answered.
“Excellent Watson, I have been pondering that very question myself!” responded The Detective heartily.
“And, sir?” I prompted.
“Ah, elementary my dear Watson. There are actually two responses. One direct, one a little more indirect.
“The direct response is that there is some confusion as to what it is that actually must be unique. From what I have observed, the most common belief is that your uniqueness is tied to your process. This is especially true in the service professions, consulting/coaching in particular.
“The conventional wisdom is that you need some new and creative breakthrough to get the results your prospects desire. Maybe you have a new, never before done way to generate leads, or motivate people. If you have such a thing, congratulations, but my observations are that such unique breakthroughs are fleeting as people will rapidly reverse engineer and copy them. You can try and delay the inevitable with lawsuits and such; something that larger companies seem to take delight in doing, but that is horribly expensive and inefficient.
“The reality is that what makes your business unique is most likely you. I recently read that a large percentage of Tony Robbins franchisees don’t do all that well. That actually makes sense. They aren’t presenting anything unique, and in particular, they aren’t Tony Robbins! However, I suspect if you looked more deeply you would see that some of Tony Robbins’ disciples do quite well. Why? Because they take what he has given them to teach and made it their own. They have injected their own personalities into the material. They have their own presentation style. They may change the emphasis from one point to one they feel is more key to success for their particular client. The specifics don’t matter. What is unique is the service provider themselves; that is where the connection with the customer will be.
“Which leads us straight into the more indirect point. Simply put, if you can out-market the other providers in your space, you will win far more than you will lose. You will develop the relationship with the prospect, you will prove to them that you can solve their problem, and you will show yourself as a trusted partner. If you can do a better job of marketing than your competitors, if you can be in front of your prospects more often and with relevant content, then it is possible your USP could be simply that you were there for them when they needed you,” The Detective took a long breath as he concluded.
“You do need to deliver on your promises though, sir,” I added.
The Effective Detective raised an eyebrow. “I can always count on you to state the obvious, Watson.”
“Thank you, sir.”
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