“grocery shopping”ย (CC BY 2.0)ย byย hoodoo youdo
Unless a company can bring something truly novel to market, thereโs a good chance that a new business will face stern competition from rivals and caution from consumers. It happened to Michael Marks and Thomas Spencer in 1901 and to a young Richardย Bransonย in theย 1960sย – it happens to everyone.ย Finding a way to stand out in a hostile market is, therefore, the acid test for every budding entrepreneur.
Here are just few easy and non-intrusive ways to create an endearing proposition for modern consumers:
Offer Something Unique
Innovation is a rare thing; consequently, itโs not a pre-requisite of a successful business. There are plenty of brands out there whose entire customer offering is lower prices or a larger range of goods than their competitors. However, in sectors starved of variety, offering a unique product, payment method, or delivery option can help a business stand out.
For instance, in the UK, Argos is the only retailer to offer same-day delivery nationwide, while several online brands, especially in the casino industry, favour small but significant experience enhancers like provably fair odds (websitesย supportingย Bitcoinย transactions), leaderboards, friends lists, and other social features.
As anย iGamingย websiteย that creates all its slot machine games in-house,ย mFortuneย is a good example of the above. A British brand,ย mFortuneย champions a unique payment method (itโsย a pay by phone casino that lets players defer paymentsย to the end of the month) in addition to the staple options like PayPal,ย MasterCard, and Visa.
Engage with Customers
Social media has turned even the most secretive business into a more public entity; in fact, brands that donโt have Facebook or Twitter accounts are conspicuous outsiders in a world ofย 24hr, always-online media. Social platforms give companies the opportunity to respond to questions and complaints in public. Itโs a great way to communicate strong customer service skills to a large audience with minimal investment.
Social media is just one option for interacting with customers though – get creative. If a user base has opted-in to marketing materials, try sending them a newsletter with advice, relevant products, or unique opinions. Setting up aย blogย or even aย podcastย can deliver much the same messages. A varied approach can also get multiple, different audiences on-board.
Make sure everything adds value to a customersโ experience;ย infographicsย and personalised marketing are both great tools for any business to use but indiscriminate lists of products and irrelevant information are big turn-offs for consumers.
“HP Spectre x360 2016”ย (CC BY 2.0)ย byย amanznetwork
Research and Connect
Highly promotional material has quite a limited audience so focus instead on creating content that has relevance to suppliers, news outlets, and other non-competitors. After all, people are far more likely to share a travel companyโs informative article about Switzerland than one purely about the price of its new holidays in the country.
Itโs also worth building relationships with influential people and businesses in relevant niches. Being able to โborrowโ a respected voice for a newsletter can addย gravitasย to a brandโs message and engender trust with consumers. Alternatively, try to get a mention on a popularย websiteย by writing a guest post or producing anย infographic.
Thereโs a lot to be said for researching what competitors are doing too. A brand struggling to appeal to a younger demographic can learn a lot about itself by looking at rivals that excel at snaring millennial attention; it might be a simple design issue or an austere tone of voice thatโs turning customers away.
As a closing point, the above advice wonโt work for every business out there but thereโs no reason why appealing to new customers has to involve a heavy financial outlay or an about-face on a detailed business plan. When used properly, good content in particular is an inexpensive way to drum up new support and rally lapsed fans.
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