I mostly agree, don't waste your time attacking the competiton, but I see nothing wrong with exploiting their weaknesses to your benefit.
Bulls Eye. This is the most important lesson. There has to be a higher goal to a business(The problem).
I appreciate the enlightened perspective. Its a much more productive approach too. Mr. Sha, I learn a great deal from your postings. Thank you very much.
I agree with Karl. Although I think of marketing and product building as separate things.
Look at Apple. With iOS they clearly don't want to be in the same discussion as Microsoft. But some of their most successful ads have been attacking MSFT. They march on solving the problems they think are important... but they know that no matter how different they are consumers are always going to compare and contrast.
So... I think I'm saying that it's foolish to 100% ignore your competition.... but also foolish to let them steer the direction of your product and focus.
I know, in our case, I'm solving a very different problem than my competition is focussed on... but I also know we get compared all too often by our own customers.
Love the 'made for Pinterest' image :-)
Hey Josh, good thoughts but the article does not say ignore the competition. It says don't obsess and this is an important distinction. Certainly exploit your competition's obvious weakness(es). It's the un-obviousness ones that the Dharmesh is warning us not to waste time and effort guessing and responding about. Valuable time management and emotional management tips here.
Great post! As others have mentioned keeping your focus on solving the problem needs to be number one, but that must by done while keeping an eye on your competition. This can and must be done without obsessing over them. Obsess over your product.
you are right, and you put it into words for me thanks and i hope i don't get to wacked out trying to figure things out for my new social media network.
First uncover (or create) the problem, then elevate the problem (ensure the prospect is motivated to solve it), then solve it better than any other option open to the prospect (these options will include things that don't look like conventional "competitors", like DIY, or do nothing).
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There are countless cases where brands with a better product have failed; VHS vs BETA for example.So, yes, it is important to have a better solution for a perceived problem, but you must also differentiate yourself from the competition. What sets you apart from the crowd? What makes you better?
Good Post. This way one's Goal is very clear and productive too. Good lesson for all the beginners. Thank you Shah
Thanks Dharmesh. I like this strategy because its more time effective and 'less demoralising' than watching how green the grass is over the other side! Cheers, Andrew
Our company recently built a new website and have started doing some SEO work. We agree that you shouldn't be obsessed with the competiton and should focus on your own products and services and how to make them better. But shouldn't your competition drive your strategy - at least to an extent? Our competitors rank very well online and we don't. In this way, we DO have to worry about the competition!
This is exactly what we tell our clients while making marketing videos. Focus on the problem, focus on the solution you are providing and focus very little competitors' offering. If client has a unique product/service, we put the spotlight on that.<a>www.vimeo.com/channels/SollyLabs
Mario Andretti is quoted as saying "You need to focus on where you're going and how you're going to get there. The best rarely if ever use their rear view mirror in life, because they know that whatever that's behind them doesn't really matter. It's only what's in front of them that counts. You've got to not only push yourself, but once you get it rolling, you still need to keep up the momentum every single day."
There may be times when you are working with clients, and you decide to check on the status of your competition that is working in a similar niche market. There are benefits that can come from this comparison, but there are also stumbling blocks that can pop up. You might notice that your competition is doing extremely well in a part of the work that they do with their clients. And that you are not having the same success in that area. This can lead to thoughts like: “Should I continue, if my results might not turn out to be as fantastic as theirs?” The answer is “yes”, since your only real competition is with yourself, meaning your past results and behavior.
A great way to look at this is in a long-term perspective. How many times have you looked back and realized that a competitor of yours did not have a significantly negative effect on your results, but that your focus and hard work was the cause of that which was able to be enjoyed by buyers of your products, programs or services? You may want to believe that your competition is on a pathway, and that you are on a pathway, but it doesn’t make sense to have their pathway cause your path to become less risk-filled or bold.
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