Since we believe that what we’re doing is so unique, everyone will have the same perspective and want our product. And since it hasn’t been done before, we think it’s just a matter of time before we get into the market that our product will be at the top of everyone’s mind. Wishful thinking.
“You have to position a product to cut through the clutter.”ย
It is really, really hard to create a unique product or service. Even when you do create something unique, thereโs no guarantee youโll gain meaningful visibility.ย Advertising and information overload is the norm. Whether youโre battling to reach consumers inundated with an endless set of choices for virtually each product or service, or corporate buyers overwhelmed by the number of potential solutions they review, it is almost impossible to cut through the noise. Cutting through this clutter, even with something head-turning and new, can be di๏ฌcult.
Passion for their vision convinces many entrepreneurs that their product or service is so singular and exceptional that it will cut through the clutter on its own. Other entrepreneurs acknowledge the competition but believe that their improvements in the industryโbetter product, more e๏ฌcient service, better design innovationโwill cut through the noise. Some may believe a clever strategy is enough to out-maneuver the competitionโeven when the competition comes from some of the largest and well-funded companies. โWe will understand the competition, analyze their marketing and we will just do it better and more creatively. We will take them head on and let our uniqueness shine through!โ There are companies that have successfully faced o๏ฌ with the competition and come out the winner. That said, entrepreneurs need to ask themselves a di๏ฌcult question, and understand their business well enough to give an honest answer. They may have a unique, newly improved idea, but do they have the di๏ฌerentiation, capital and resources to beat the competition at their own game?
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Where do you turn for answers? Our Learning Community gives you a one-stop shop for answers. 150 learning modules organized into the 12 areas you need to know.ย We entrepreneurs can’t afford to waste time and money – and we help you learn in one place to help you avoid mistakes and drive success.