Ensure Your Product Stands Out From the Crowd
If you want your business to be a roaring success, it stands to reason that you will need to create products that stand out from the crowd and make people want to buy them over your competitors’ offerings because let’s face it, there are few totally 100 per cent unique businesses ideas around! But, how exactly do you go about creating products that stand out from the crowd?
Target a smaller niche
This may seem too simplistic, but it’s obvious when you think about it – the smaller the niche you target, the less competition there is and the more of your target audience are likely to be interested in what you are doing. You can always expand and start moving into additional niches once you have gotten your business off the ground if that is what you want to do, but by starting out by creating a product that has a niche appeal, you can win people over, get them talking, get some great reviews, and start on a much more solid foundation.
Labels are important
It might be true that you should never judge a book by its cover, but it is also fair to say that is exactly what a lot of people do, and not just when it comes to books either. The fact is, if two products are pretty similar by most metrics, most people are going to either go for the cheaper product or the one that looks the most visually appealing. So, you can either price your products more attractively lower, and potentially miss out on some revenue, or you can use The Label Makers and a good graphic designer to create labels and product packaging that immediately catches the eye, attracts your target demographic and gives your brand an edge that way. I know which one I would choose.
Play up the differences
You could try to compete with established businesses in your niche by selling yourself as the better alternative, but that is risky because no one is going to believe that your brand new sneaker company is better than, say Nike, which has been in the business for decades. No, it is far better to think about what your company does differently from the competition and play up those (positive) differences, instead of trying to compete on the same metrics. If you don’t do anything differently, then you have to ask yourself what your business really has to offer and maybe make a few changes as a result.
Use higher quality materials
If you can afford to do so, using higher quality materials that will look better and last longer is a sure-fire way to make your products stand out from the crowd and command a premium price into the bargain. Of course, you’ll need to use some clever marketing to ensure your audience knows that you use superior materials, but if you can pull that off, you should see the more discerning customer coming your way.
Products that stand out sell more so what are you waiting for?