If you have a great business, you probably have at least a few competitors. Here’s how to set yourself apart.
If you’re thinking about starting a business, you (hopefully) have an idea that will fill a void in the current marketplace. (If not, then your entire strategy needs to be based on differentiation, but that’s a whole other ball of string). When I started Happy Family, I looked at the existing baby food on the shelf and saw extremely limited options for parents. If you weren’t going to the grocery store a few times a week to get fresh, organic groceries, steam them, blend them, and then freeze them, you were limited to overly-processed, underly-nutritious baby food. Yuk. And moreover bad for our children’s growing bodies. I wanted to do something very different because I cared and because I saw the opportunity to build a meaningful business.
That was our market entry: we make baby food the way mum’s make it–as close to homemade as possible. We thought outside the baby food jar and innovated the space with both frozen and pouched purees. No one else was doing this, and we seized the market void.
But then came the competitors. And if your idea catches on, you can bet that your very own will come, too. This is when differentiation between your brand and everyone else’s becomes incredibly important. It’s almost never enough that you were first. You have to be the best, and it is a constant race. I’m proud to say that Happy Family continues to win this race, but it isn’t easy. And remember, it’s a marathon, not a sprint. Here are the top three tips for how we distinguish ourselves from our ever-growing pool of competitors:
1. Choose your core value(s) and do them better than anyone else
At Happy Family, we put children’s nutrition first. Always. For us, this not only means using organic, non-GMO, and natural ingredients.
…to read this article in full, visit leading US small business resource, Inc.