Did you know that you are competing against McDonald’s every day? McDonald’s is a process-driven organization. Their goal is to give you the same experience every time you visit a McDonald’s, no matter where it is. The hamburger, fries and the experience will be the same as it was the last time you were in the restaurant.
That sets up an expectation in the customer’s mind that your business will be like a McDonald’s, meaning your service and delivery will be process-oriented and consistently meet expectations the first time. If they are a new customer, they have no experience with you; however, they do have experience with the rest of the world and the offers that they are providing. You need to know what offers they are exposed to and what their expectation for service and deliverability.
What can you do to make sure that you offer is not only competitive in the marketplace but superior to the current marketplace offerings? You just have to look.
You can see all of your competitors’ offers. There is no hiding. You can see and do all your competitive analysis within a few minutes of research online.
Here are the steps:
Create your PPC campaign and find the keywords that convert consistently.
Type a keyword into the search engine that you’re advertising on (Google, Bing, Yahoo!). The websites that are on the first page of the search results are, of course, your competitors.
Click all of the pay-per-click ads that are related to that keyword and print out the associated landing pages. If you have my Kitchen Table Copy course, this is a great time to put that into action. These are your lead capture and conversion-to-sale offers for you to review.
Now compare and find the common offers that the visitor will see as he or she moves in the marketplace looking for the products and services related to that keyword conversation. The key is “the conversation.”
Remember, if you spend 50% of your time studying your competition and the other 50% figuring out how to make a better ad, you will always be ahead of your competition. These sites have a wealth of information that we can use to test and tweak the offer.
When you find something on a competitor’s page that you don’t have, test it against your offer. If it increases response, keep it. If not, discard it. You are using the current market place offers to create a test battery of these elements:
calls to action
e-mail capture mechanisms
free report offerings
descriptions of the product
If you can see an element on the page, it is something for you to evaluate and possibly test. Never say never. In my career, things that I thought wouldn’t have worked have, time and time again.
There is no reason to ever run out of things to test if you are in a market that has at least a fair amount of competition. By using this thinking and methodology, you will know more about your customer, the competition, and the market.