- Inline Competitor
- Intersecting Competitor
- Perpendicular Competitor
- Parallel Competitor
Four Pillars of Competitive Battlenomics
Inline Competitor
An Inline Competitor offers the same exact product and benefit as you.Example:
- Business: Walmart
- Inline Competitor: Target
If your business landscape is predominantly comprised of inline competitors, what you want to focus on is strategic product and/or organizational branding.
Intersecting Competitor
An Intersecting Competitor offers the same product as you, but with a different benefit.Example:
- Business: Pat's Guitar Lessons
- Intersecting Competitor: Jim's Drum Lessons
When in competition with intersecting competitors, focus on differentiating the benefit of your product for maximum target market appeal.
Perpendicular Competitor
A Perpendicular Competitor sells a different product than you, however, with a very similar benefit.Example:
- Business: Marketing Agency
- Perpendicular Competitor: Accountant
Because a perpendicular competitor predominantly services your target market, you can leverage their relationship with customers you wish to serve by forming a a promotional affiliation whereby they refer customers to you, while you refer customers to them.
Parallel Competitor
A Parallel Competitor sells a completely different product and benefit as you.Example:
- Business: Tree Removal Company
- Parallel Competitor: Starbucks
Always find parallel competitors who serve the same exact target market as you, and establish an affiliation where you can piggyback promotional opportunities.
Diet Coke - Music that Moves
Taylor Swift linked up with Diet Coke to increase sales of her new album
I hope you enjoyed this posting on my Four Pillars of Competition in Battlenomics. Tomorrow I will teach you how to exploit each one.
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