|
Most of us run businesses in categories filled with competitors.
Brisbane, Sunshine Coast or anywhere in the world.
What's the best way
for us to create a strong brand? |
|
The secret lies in narrowing the
focus of your business until
you've created a new category you can be first in.
From Ford to BMW
Consider the auto industry. Henry
Ford didn't invent the automobile, but he was the first
to combine it with an assembly line. That reduced his
costs enough so that millions could afford a car. Being
first with an affordable car allowed Ford to dominate
the category, even though there were literally hundreds
of car companies in the U.S. by 1910. That's a powerful
brand!
So how did other auto manufacturers
develop successful brands? By creating new categories
in the mind of the buying public. If you're in the market
for a "safe" car, Volvo is probably the first
brand to pop into your mind. If you're looking for the
"ultimate driving machine," BMW owns that
category. Buyers shopping for a high-priced luxury car
think Mercedes Benz.
Notice that none of these companies
is trying to be all things to all people. They narrowed
their focus until they had a new category they could
be first in. Even though other car companies could make
claims about the safety of their cars, it's unlikely
they're going to supplant Volvo in the public's mind.
Volvo "owns" the safe car category.
Two Fast Food Examples
When Tom Monaghan owned a small
pizza restaurant near a college campus, he started asking
his customers what changes they would like to see in
his business. Did they want a higher quality pizza?
No, the quality was fine. Did they want a cheaper pizza?
No, the price was fair. What they really wanted was
a pizza that came to them. Thus, Domino's Pizza created
the new category of pizza delivery, and even though
others offer the same service, being first allows Domino's
to enjoy a dominant share of the market.
Little Caesars saw another opportunity.
If they focused on take-out pizza, they could save money
on delivery and a large restaurant. That would allow
them to make money even if they sold two pizzas for
the price of one. Pizza. Pizza. Brilliant.
Apply These Ideas to Your Business
If you're trying to grow your business,
it might seem logical to expand your offerings, but
that's unlikely to be successful in the long run. As
these few examples have shown, it's often better to
narrow your focus until you've created a new category
you can be first in. If you're a specialist, people
will regard you as more of an expert in your field than
a generalist.
Let's say you're a photographer.
If you live in a town or city of any size, you no doubt
have lots of competition. Look around for opportunities
to separate yourself from the herd. Maybe you could
become known as the only one in town to call for action
shots during kids' athletic games. Or maybe you specialize
in soft-focus sepia-toned photos of mother and child.
Fly fishermen. Architectural details. Even though you've
narrowed your pool of prospects, you've also eliminated
most of your competition.
Our photographer could expand her
business while maintaining focus by publishing a book,
printing greeting cards and calendars, or teaching lessons,
all in her specialized area.
She'll know she's created a powerful
brand when her name is the first one to pop into a parent's
head when they want a "hero shot" of their
young soccer player.
Once you have your category you
move on to customer
friendly web design.
Contact
12website for free quotes
Below
is a free domain search - to get you started.
|