Is your competition really who you think it is?
Do you get caught down a rabbit hole of looking at what everyone else is doing around you? Do you spend hours scrolling to only feel doom? Do you see something and run with it believing itβs the best possible solution/option for your brand without having never considered it before?
If I could wave a magic wand and gift you the ability to focus on your own lane I would. To be able to know where youβre going confidently and not be swayed by anyone else I would.
The thing isβ¦to run a business as a business this is what you need to get good at. I canβt tell you the amount of conversations I have about whoβs doing what, how theyβre doing it better than you, how your brand is failing or falling behind and the dreaded list goes on!
In this email Iβm going to explain to you how you should look at competition and the amount you should consume and focus on. Iβm also going to break down how you should think about your output and how your brand is perceived.
I could write war and peace on this but I only have so much space in this newsletter (I really break it down in the new membership content which lands in 2 weeks from now).
One thing (or 2) I want to say before I get into it. This isnβt about your competition, this is about YOUR BRAND. Iβm also not going to tell you how you can βbeatβ your competition, Iβm going to tell you how you can build a better brand. Common theme here?? Yes, you got it, itβs YOU. Not them!
Ok, letβs break it down.
When we talk about competition itβs natural to picture the obvious players for your brand - a few online brands doing something similar to you. But what if your biggest competitors arenβt who you think they are?
Letβs get in the mind of the customer - They arenβt just comparing you to businesses like yours - theyβre comparing you to every interaction theyβve ever had, from how quickly their Amazon order arrived to the impeccable service they received from a brand theyβve just discovered. Your competition isnβt just selling the same product, itβs anyone setting the bar for customer experience.
Iβm really big on customer experience and service. This isnβt just how you speak to them, itβs absolutely everything - your brand tone, your website navigation, your returns policy and lots more. How you deal with your customer throughout every single interaction with your brand is your customer service.
So what does this mean for your business?
The definition of competition has really expanded. Youβre not just competing on price or product, youβre competing on experience, convenience, and values. Youβre competing on a βfeelingβ, and realising this is crucial to your success.
Your competition could also be the opposite of what youβre selling. It could be the thing that presents as the other option to what youβre offering.
Your customers arenβt necessarily weighing up another brand with a similar product, theyβre weighing up whether to buy it at all. Orβ¦whether to use a different product altogether.
Hereβs some examples of the latter:
Coffee Shops vs. Water Bottles
The rival to a coffee shop isnβt just another shop down the road. It could be a more health conscious approach or trend. For example, bottled water, smoothies, or trendy teas can lure caffeine loving customers away.
Loungewear vs. Jeans
With the rise in loungewear there is a threat to jeans brands and other types of clothing previously worn. The same for the matching footwear for example (trainers vs other types). Combined with more people working from home and opting for the βindoorsβ life the threat to brands such as occasionwear are real.
Cards vs. not sending cards/e-cards
If youβre a card manufacturer your competition isnβt just another card retailer, itβs your customers deciding not to send cards or sending e-cards instead.
Gyms vs. YouTube Workouts
Gyms can of course compete with other fitness centres, but what about at home fitness apps. Or what about the recent rise in people using Ozempic to lose weight rather than going to the gym?
Changing behaviours and how you adapt is also key here.
Bookstores vs. Netflix
A bookstoreβs biggest threat might not be another book shop, itβs people choosing Netflix, podcasts, or TikTok over a good book. Itβs a change in usage, a change in trends.
Restaurants vs. Home Cooking Influencers
As a hangover from lockdown, you can now get meal kit services offering DIY recipe tutorials. This is a threat to restaurants.
Netflix CEO Reed Hastings actually said βYou get a show or a movie youβre really dying to watch, and you end up staying up late at night, so we actually compete with sleep,β.
Back to the rise in the experience economyβ¦
Customer experience is what allows your business to add the highest value and therefore build a competitive advantage over others. You canβt get away with just offering good products at a good price, those days are well and truly gone.
The way you can provide something unique and valuable is to provide a good customer experience that is better than your competition.
Of course your product matters but itβs so much more than that now and not sitting up and noticing that is a real miss. Itβs not just about the product anymore, itβs about the experience.
Starbucks isnβt just selling coffee - itβs offering a place to work/meet, a personalised cup, and the convenience of a loyalty app. When customers experience that and that level of service becomes common place, they start expecting the same from every business they interact with, no matter the industry.
What else are you giving your community other than product?
I always describe this as the difference between the exciting people vs. the boring people you know (we all know some). The higher energy and engagement versus the brand that falls totally flat. Basically personality versus no personality. I know who Iβd rather hang out with.
So how can you adapt and still stand out?
1. Look beyond direct competitors of course
Start by asking: Who else is vying for my customersβ attention, time, or money? It might not be who you think.
2. Learn from the best
Pay attention to what other brandsβ customer experience and what makes it remarkable, and find ways to apply those ideas to your business.
3. Emphasise your unique value
What sets you apart? Whether itβs free shipping, or ethical sourcing, make sure your customers see the value in choosing you over competitors, even the unexpected ones. Donβt be afraid to talk about these things more aggressively - really state your point.
4. Keep adapting
Customer expectations evolve constantly. Stay up to date with trends, technology, and feedback so you can adapt and stay ahead all the time.
How can you make sure this runs through your content strategy and branding?
Your content should position your business as not just a product but as a valuable part of your customerβs broader lifestyle.
1. Tell your brand story to build emotional connection
Customers want to connect with brands that resonate with their values and experiences. Share the why behind your business - why you started, what drives you, and how your product fits into their lives. This humanises your brand and makes it harder for competitors to pull your customers away. The human element is so important.
2. Showcase the experience, not just the product
Your content should highlight the experience of interacting with your business. Your images, videos, and reviews/UGC should show how your product enhances a customerβs life.
This is often about bringing your product into real life, not just a carefully curated image shot in a studio.
For example a brand selling nightwear/loungewear could share a cosy video of a customer curled up with a book, tea in hand, and their dog by their side.
Itβs about how your product fits within their life and the job itβs doing for them.
By focusing on the emotional and experiential benefits, you set yourself apart from transactional competitors (and wow there are a lot of them!).
3. Focus on personalisation
Incorporate personalisation into your content. Use data from your customer interactions to create targeted messages that feel relevant and tailored to their needs - this is all about knowing your customer. This could include:
Emails featuring products that complement their previous purchases.
Ads showcasing items related to their browsing history.
When customers feel seen and understood, theyβre less likely to stray to a competitor - even one offering lower prices or more convenience. Everyone wants to feel seen.
4. Offer educational and value driven content
Position your brand as a thought leader or problem solver in your space by sharing helpful content that answers your customersβ questions or improves their lives.
This type of content helps you build trust and stay relevant, even when customers arenβt actively looking to buy. Itβs all part of the nurturing process and thatβs a step you canβt skip!
5. Engage in conversations about shared values
If sustainability is important to your audience for example, reflect that in your content. Showcase how your business is making a positive impact, whether itβs reducing your waste, supporting local communities, or the materials you use.
For example, Patagonia doesnβt just sell outdoor gear, it shares stories about conservation efforts, inspiring customers to align with its mission.
6. Tap into social proof and customer advocacy
Use reviews, testimonials, and user generated content to build trust and highlight the positive experiences customers have had with your business.
When we buy anything we want to know that there are other people out there just like us doing the same thing. Itβs not something we even consciously look for, but itβs a necessary.
When customers see others choosing you, it strengthens their loyalty and reduces the temptation to explore alternatives. Spend 2 minutes thinking about something youβve purchased where this is true, Iβm sure you can think of more than one.
7. Pay attention to trends and feedback
Use customer feedback to guide your messaging and ensure your content continues to resonate.
Regularly analyse whatβs working and whatβs not in your content. Keep an eye on competitors, both expected and unexpected, and adapt to changes in customer expectations.
Itβs all about the bigger picture
Competition today isnβt just about who offers a similar product, itβs about anyone who sets the standard for what a great experience looks like. Businesses everywhere are influencing your customersβ expectations an focussing on just your βnaturalβ competitor is a mistake.
By thinking beyond your direct competitors, focusing on the customer experience, and staying adaptable, your business will grow.
Fixating on them will only drain your energy and take your attention away from your own brand.