The importance of compete messaging
Compete messaging is messaging that explains how your product or service compares to the competition in terms of price, value, innovation, service or quality. It’s a critical part of any marketing rollout because not only will it help arm your sales team, but it’ll help your internal and external marketers know how best to position your offering to make it stand out.
Just as you go to school on your customers to help create product messaging, you should learn everything you can about your competitors to create compete messaging. Social media and blog audits are a great first step—as what the competition is putting out there for its fans to read can be a competitive positioning goldmine. For example, this blog from Salesforce about its Einstein Voice offers nearly 500 words about the new product’s positioning for potential competitors to uncover. Google Alerts also allow you to monitor the competition with daily newsfeeds for keywords you select.
Another way to conduct competitive research is to survey your customers. Ask them about your product’s or service’s feature sets versus the competitions’ to develop head-to-head positioning—or about pain points to inform benefit-led positioning.
According to Inc., “Conducting a competitive assessment should be an ongoing process, one in which you continue to deepen your understanding of the strengths and weaknesses of your competitors.” Inc. lists the following benefits companies can achieve from conducting ongoing competitive research:
Just like your product or service messaging, your compete messaging should tell a story. What is the main problem that your product or service is solving that your competitors aren’t? How are you solving it better? Why should the target audience care—and what should it do next?