Sales & Marketing Authority, Bestselling Author & Business Motivational Speaker

Unless your business deals with a newly invented product, or you’re truly a business revolutionary and you’re operating in a marketplace by yourself, chances are that you have competitors in your industry. Depending on your industry niche, they may be direct competitors, who offer an identical or similar product, or they may be indirect competitors, who offer a different product but offer it to the same group of potential clients as you do.

One of the hallmarks of a great business person is how they respond to competition, how they rise above the challenges presented by it, and how they make their business stronger and more competitive in the long run.

Know your Enemy

When a new competitor enters your marketplace, the first step is research. Look at what they’re doing, and how they’re trying to take your customers. In any case, the key is to explain why your product is better, not what your competitor’s product is worse. Bad-mouthing your competitors makes you sound childish, and puts you on the defensive. Instead, just explain why you have the best solution on the market.

Just as important is knowing what your competitors are doing – what services are they providing, where are they advertising, how are they trying to reach your customers, and where do your own marketing efforts overlap with theirs. By understanding exactly what the competition is doing, you stand a much better chance of outmaneuvering them and putting yourself into the most profitable piece of the market.

Keeping your Customers

The key to preventing your competitor’s making inroads into your customer base is by building and maintaining relationships with all of your customers. Of course, this is something that you should do all the time, but is especially important when a new competitor is courting your customers.

Customer relationships are built on two pillars – loyalty and incentives. Loyalty is getting to know your customer, and getting them to like and respect both your business and your product. Loyalty can be analogized to the way you might feel about your favorite restaurant – you keep going back because you know what you’re going to get, and you like it.

However, when you’re confronted with serious competition, your relationships need to go beyond this. It also needs to make financial sense for your customers to stay with you. Provide your loyal customers with incentives – free products, free upgrades, anything to make them know that you appreciate their continued business.

Rise above the Competition

The last thing you want to do when confronted with competition is fight them directly. This will only make you look bad, and cut into your profit margins. The key to beating the competition is rising above the competition. Focus on your unique selling point – what makes your product better than everything else on the market – and stick to it.

Happy marketing!

Sean

Sean McPheat

Marketing Consultant – Sales Expert - Motivational Speaker

In a recent post entitled “The QR Code Decode – What are they and how do they work?”, I explained the basics of what QR codes are and how to use them from a customer perspective. In this post I will be discussing how business should use QR codes as in their marketing activities.  

First, we need to consider what exactly we are asking of our intended audience when we use QR codes as part of our marketing plans. Firstly, they require a smartphone to download a QR code reader to read the code in the first place. Then we are expecting them to have the phone nearby whenever they encounter a QR code, and on top of that we have to give them the motivation to actually scan the QR code for its information.   

This is quite a big ask really, so the way you approach the use of QR codes really does matter. Many companies are tempted to simply use a QR code in place of a standard web address on their advertisements and marketing materials, but to be quite honest this is a waste of the user’s time, and a waste of a perfectly good marketing opportunity.

Simply directing your intended audience to your website and hoping that they’ll be intrigued enough to browse the site is a futile effort. The key to getting the most of QR code marketing is to use them as a way for the end user to unlock information, rather than just sending them to a web destination and leaving them to find the rest.

So instead of just sending the user to your homepage, why not send them to a lead generation page where they can sign up for a free report or download your latest audio/video content? Or send them to a live forum where they can interact with both your company and other users to help generate discussion around yourself and the business.

Give them a reason to want to access the code in the first place, and give them exclusive access to valuable information they would otherwise not be able to have. Not only does this give the end user an incentive for accessing your code, but it also provides you with opportunities to capture new leads – which is such a better use of a QR code than simply sending them to your homepage and leaving them there!

The beauty of QR codes mean that you can put one on just about any kind of marketing material, and you can even update the information which is stored in a specific QR code so that you don’t have to keep reprinting them every time you want to create something new. 

This gives you the opportunity to be really creative with the information you choose to store within your codes, and how you choose to distribute them – so consider what information is going to be most beneficial to both your intended audience and to your business in order to make the most of QR code marketing.

Happy marketing!

Sean

Sean McPheat

(Image by Stuart Miles)

Marketing Consultant – Sales Expert - Motivational Speaker

Much like the complaint and suggestion boxes of yesteryear, the internet is, among many other things, a place where people gather to complain about things. Movies, music, politics – think about how much of what you see on the internet is negative reactions and reviews. You can use this to your advantage in looking for ways to run your business more effectively.

To take a simple example, imagine that you were running a hotel. In looking to make your hotel the best one on the market, you could go onto a site like orbitz or expedia, and look at the reviews of your competitors, the other established hotels in your area and price range. However, by focusing on the lowest reviews, you could find exactly what customers didn’t like about the hotel, and find ways for your product to pick up on opportunities that were missed by your competitors.

You can do this in any industry, and with any type of business. It’s just a matter of knowing where to look, and how to properly turn the negative feedback into useful and constructive advice.

Begin by knowing where to look, and what to look for. This depends primarily upon your industry. There are hundreds of industry-specific review websites and social networks out there, some of them better known than others. Twitter and Facebook are obviously great places to start, as are social media sites like Yelp, provided that they are relevant to your industry.

To find additional review sites, just browse through what people are linking to on Twitter and Facebook, or do a Google search for “your industry + reviews.” You’ll be surprised just how many sites there are out there.

Once you find negative feedback, you’ll need to incorporate what you’ve learned into your business. So if you see a lot of customers complaining about a business practice that is common in your industry (even if the complaints are specifically directed toward your company), then you know to change that practice. For instance, if you see a lot of complaints about online marketers sending out too many useless emails, you might want to take a step back and think about whether you’re personally guilty of that sin.

On the other side, if you see a lot of people complaining about something that doesn’t exist, then you may have found a niche for your business to profitably expand into.

At the end of the day, it’s always good to know what customers are saying about your business, and the other businesses in your industry. And considering that people are 10 times more likely to post a negative comment than a positive one, looking for negativity is a great way to start.

Happy marketing!

Sean

Sean McPheat

Marketing Consultant – Sales Expert - Motivational Speaker

QR codes have slowly been gathering momentum in the business and marketing world over the last few years, but many professionals are still unsure of what they actually are and how they can be used.

What’s more, many of the intended users of QR codes are still unaware of their real value or purpose so in this post I’m going to cover some of the basics and discuss the ways businesses can use QR codes within their marketing plans. 

What are QR codes?

The phrase QR code stands for “Quick Response” Code and in its most basic form a QR code is simply a barcode, in which you can encode many different forms of data which can then be read by a QR code reader.

How do they work?

QR codes are slightly different from barcodes, as although they are both a form of two-dimensional code, barcodes can only store data in a horizontal format (which is read through the spaces in between the vertical lines they are made up of), whereas QR codes can encode data both horizontally and vertically – meaning that much more data to be encoded in a smaller space.

How can you use them?

In order to view QR codes you need to download a QR code reader to your android phone (or smartphone as they are also known), and then use the scanner to take a picture of the QR code, which it will then scan and convert or direct you to whatever data has been stored in that code.

QR codes can be encoded with almost any form of data, which means that they can be scanned to show text, images, videos, maps or the entire content of a webpage.

In terms of using QR codes from a business perspective, there are numerous free QR code generators online through which you can create basic and permanent QR codes which you can then place onto any space you like, including giftware, advertising, clothing, printed products, packaging, signage, exhibition materials, as well as being placed in store windows – as they can even be scanned through glass.

You can also purchase QR code systems which can track the combined total of scans a particular code has received, as well as allowing you to produce one code that can have its data changed time and time again – meaning that you could print one code to be distributed and then update the data of this code every time you had a new offer or wanted to change the current promotion you were running, without having to generate and redistribute a new code for each.

How to download a reader to your smartphone

From a user’s point of view, there are a variety of QR code scanners that can be downloaded to most Android phones such as iPhone, Blackberry and HTC. Some newer models now have QR readers built in as standard as QR codes popularity and frequency of use increases.

iPhone

iPhone has a basic free QR code reader app by TapMedia Ltd, but you can upgrade to a HD version by DDQ for £0.69 and there are numerous other customisable versions to buy and download as well.

Blackberry

Blackberry Messenger 5.0 can read basic QR codes but if you are looking for something more sophisticated you can download either the Mobiletag scanner or the I-nigma app for free.

Mobiletag app allows you to create lists of results, track your decode history and search saved scans.

I-nigma allows you to save up to 50 decode results, which you can then share through SMS, Facebook and Twitter.

Other Android Phones

There is a whole heap of great free QR code readers available for other android phones, so here are some other suggestions:

·         QR Droid – free to use and can read, scan and generate QR codes,
·         Quickmark – fast scans and it reads both QR and Martix codes.
·         Redlaser – free, fast and superbly accurate.

QR codes are slowly catching on, as more and more businesses and users are starting to get to grips with how to use them to their advantage, but we seem to still be a fair way from the QR code becoming a staple of the UK marketing industry.

In future posts I will be discussing the ways businesses can really benefit from using QR codes as a legitimate marketing tool – so stay tuned for that.

Happy marketing!

Sean

Sean McPheat

Marketing Consultant – Sales Expert - Motivational Speaker