by Rolf Gutknecht, Agent of Change (c) 2012

We grew up with the belief that the best idea always wins. The best person always wins. If you build a better mousetrap people will beat a path to your door. That might have been true when the world wasn’t inundated with one sales and marketing message after another. But the fact is, today the best idea does not win. The best idea does not get credit and the best product does not win if nobody pays attention in the first place. (Take 5 more seconds and reread that last sentence and let it wash over you.)

It doesn’t matter how great your blog is if nobody reads it. It doesn’t matter how creative your ad is if you don’t have money to run it. It doesn’t matter if you’re the best food manufacturer, if nobody buys your products. It doesn’t matter if you’re the best hospital if people in need go elsewhere. It’s not about being the best. It’s about finding a way that you can take who you are, what you make, and what you offer and create a relationship with prospects and current customers that is instantly captivating.

Think of it like this. Imagine that on the other side of the door from where you are is where relationships happen, loyalty happens, sales happen, profits happen.  On the other side of the door, success awaits.  But to get there, we have to get through the door. And before we do that, we have to knock.  And if we can knock in a compelling, persuasive and interesting way and introduce ourselves, and if we provide people/customers with messaging and content that is instantly captivating, and if we knock in the right way, then the door opens and we get to go through to the side where all the good stuff lives. But to ignore the door that you have to go through is setting yourself up for failure.

The reason is that we live in a world with ADD due in large part to the addictive nature of the Internet. The average attention span used to be 5, 10, 15 minutes, but now, the average attention span today is roughly 9 seconds. Nine seconds! Your brand might only get 9 seconds to communicate a message, earn a little bit of loyalty, build a little bit of trust so you can continue the conversation before your customer starts getting distracted!  Nine seconds isn’t a lot of time, so what could you possibly say in that time or less to get someone’s attention? I think it starts with presenting your message in a way that’s captivating in clever and unexpected ways. It grabs people’s attention and has them focusing on the message and not thinking about the other stuff that could come into their mind. They’re engaged…captivated. In doing so, you start connecting with them, which allow you to persuade them.  Get them to trust you.  Get them to believe you. Get them to want to connect with you. So when your competitor tries to pull them away, they stay loyal.

Having been in the advertising/marketing business for quite a number of years, working on Fortune 100 accounts and mom-and-pops, and everything in between, I’ve seen and learned a few things I want to pass along:  As a company, you have a choice. You must either have an enormous budget to make sure no one in your category can compete with you OR you have to captivate people’s attention. With a big budget you can drive awareness through exposure over and over again to make sure you get your message out in front of your customer – even if you have a boring message.  The other choice is if you don’t have the biggest budget (raise of hands please), in which case you have to have a captivating message so customers will pay attention, listen, remember and act upon it. What you can’t do is NOT have the biggest budget and NOT have a compelling, fascinating, attention-getting message at the same time. Then you fail and go out of business. That’s just the fact! My guess is that you could name a few companies in your business category that are no longer around because they were ho-hum..right?

Forgettable and boring marketing materials, tiresome page-turning ads  or lackluster customer service will not get it done. People forget stuff in under 9 seconds if it’s anything less than captivating, enamoring or entrancing. Ask yourself why it is that you remember some ads or marketing messages.  It’s not because they look or sound like every other company or ad or they use business babble that says nothing. Not a chance. You remember them because they had a strong, unexpected point of view and a distinctive message. They were captivating.

So, as you begin planning for 2013 and thinking about how to make it the best year yet, I’d ask that you reread the title of this blog and use it as the mantra for your future marketing initiatives. It’s that significant.

At my daughter’s college volleyball game this past weekend, I struck up a conversation with a guy who let it be known that he was the Director of Marketing for a company that owned a few hospitals.  Knowing something about hospital marketing, I asked him about his competitor’s marketing activities and he then told me he thought one competitor was doing this and that another was doing something else…he thought. I asked him how sure he was about those things and he said “Honestly, that’s why I said ‘I think that’s what they’re doing’ because I really don’t know for sure.”

With more work to do with less people, budgets and services, along with not putting in place research that would tell them differently, it’s easy to see why lots of companies don’t really know how their competitors are marketing themselves and their products. One thing we all know for sure is that times have changed and, as a result, it’s more critical than ever to have competitive intelligence for the benefit of the company’s future…as well as not having your boss say “What do you think about the new ad for ABC Widget?” and you haven’t a clue. It’s just not a good place to be…I know.

So what can a budget-challenged marketing professional do to track the competition without taxing already limited resources?

Let’s start with a few basics: Know who all your competitors are–not just the obvious ones, but the ones flying under the radar as well. Simply put, competitors can be direct (those offering nearly identical goods or services as you do) or indirect (those offering different types of products that answer the same needs).  Staples and Office Depot are direct competitors; Sam’s Club is an indirect competitor.

From that point on, it’s about keeping your ears and eyes open. Again, while it seems oh so obvious, when was the last time you looked at a trade magazine or business journal or dug around online to see who’s saying what to your customer or prospective customer? What did the competitor’s ad say; the trade show booth look like; how did their packaging show on the shelves; or what did their last promotion look like? And let’s not forget about all their online initiatives.

On that note, here are some things I do to get intelligence on “the other guys”. An easy place to start is with Google Alerts. Plug in the name of the competitor or associated products and let Google send you daily messages whenever related content appears online.

Then there are the websites. Ask yourself when the last time you visited a competitor’s website and what did you see? For example did you notice things like the kind of content and the different formats used; any social media networks they are part of; what media coverage they received and the different topics they issued in their press releases?. What about looking at their content, which will give you an idea of what they’re trying to rank for. And here’s one for you: how many different websites do your competitors have? It’s quite possible that maybe some of your competitors have more than one website. Time to look for them.

You can also check out the social media profiles of your competitors on Facebook, LinkedIn, Twitter, etc. or use a social media search engine such as SocialMention.com to see the kind of content they post and who they follow and who follows them.  It can also reveal what others are saying about your competition, good and bad.  And then there are corporate blogs. Studying the blogs by your competitors, if they have any, can help you know what kind of topics and categories they cover because it will help you ensure that your blog follows a different and better messaging strategy.

For those that are saying “yeah, yeah, yeah, what else?”, well, a backlink analysis of your competitors’ sites will give you a basic idea of where they are getting their links from. For this you can use sites like Open Site Explorer. They show up to 1,000 backlinks for free and even more if you use their paid version. Backlink analysis often brings up sites where your competitors might be advertising and those links give you information on some of these popular sites (they did some research –  gain from their knowledge).

Did you know about a little known tool from Google called Double Click Ad Planner?  It’s for finding out detailed demographic information about your competitors’ customers. As well as giving you reliable figures on how many visitors your competitors’ websites get, you can also find out the age of their customers, income, gender, education level and more. And while we’re on the subject of Google, if Google’s the one ranking your business against your peers, then it makes sense to understand who Google thinks you’re similar to, right?  Here’s food for thought: type in your own URL in the searchbar and see what comes up. You may be surprised.

So, am I trying to intimidate you by showing you just how much competition there is out there today? Nope. But it’s important that you’re aware of it so that as you monitor competitors’ actions, you’re looking at the right sites and in the right direction. Because times have changed and your competitors are no longer just the names you’ve always known.  Your competition is anyone who gets themselves in front of YOUR customer’s line of sight.  Frances Bacon’s quote “Knowledge is King” couldn’t be more right on.