Motivating prospective customers to do business with you is the leading function of independent Freelance professionals and business owners. You may not look at it this way, but recognize that your pool of potential customers also includes those who are currently doing business with one of your competitors. Think about it—how many B2B customers are buying within your category of services or products for the first time? Unless your solution is new to the market and not available from others, your customers have been someone else’s customers and every once in a while some of them might decide to look around to see what’s new or a better fit for their needs.

While it’s true that getting your unique selling proposition in front of prospective customers is essential to converting them into paying customers, there are messaging refinements you can make to strengthen your appeal to prospects who are currently active in a competitor’s camp. Some in that cohort might be dissatisfied with the experience they’ve had when using a certain service or product, or maybe the vendor relationship was underwhelming. Others might simply feel a little restless and inclined to look around and find out who else is out there (you!). Here are tactics that will be useful for your outreach to competitors’ customers.

Analyze the competitive landscape

You need to learn who your competitors’ customers are from a demographic standpoint and what motivated them to gravitate to those competitors. Among the information you’ll appreciate understanding are factors that cause competitors’ customers to become one-off users and factors that lead them to become loyal customers—what are the triggers for each cohort? Study the websites and social media platforms of your primary competitors as a way to learn what might matters to competitors’ customers.

Conducting a comprehensive competitor analysis will help you better understand the USP and perceived advantages offered by your rivals and how it’s perceived by their customers. What persuades their prospects to choose those offerings instead of yours’ and what can you do to make your offerings more appealing to them? How and where your competitors market their services or products, their pricing strategy, payment options, market visibility and brand popularity are certain to be integral to attracting and keeping those customers. By analyzing the strengths and potential weaknesses of competitors and comparing them to the strengths and weaknesses of your organization, you may be able to identify gaps in the market and find ways to promote what it is that rivals’ customers might be persuaded to perceive as a better on your side of the fence.

Identify gaps in the market

Does your competitive analysis reveal customer incompletely addressed needs or preferences? Those factors might crack open a window that lets you pull in a few of your rivals’ customers. Incisive competitive research may lead you to discover that a cohort of competitors’ customers crave a more comprehensive customer service package. It could be that after-sale training is a support some customers would appreciate. Or maybe, in this era of rising prices, a couple of payment options that you’ve never bothered to promote, could turn the tide in your favor and carry in a few of your competitors’ customers.

Because you will not be able to research the pain points and priorities of your competitors’ customers because it’s almost certain that you cannot access their contact info, unless someone visits your social media or website and chooses to reveal an email address, find a gap in the current market, you cannot, for example, send a survey (and hope for a response).

To confirm what resonates currently with your competitors’ customers and get an idea of emerging trends that are gaining a foothold, visit your competitors’ social media accounts and eyeball replies and comments sections. You may see a few perhaps surprising customer pain points that you can address in your marketing messages. You will also be wise to read industry articles and also visit the social media platforms of those organizations and read market research published by major market research firms that report on your industry sector.

Get visible

Today’s buyer journey is not like it was even a year or two ago; prospects may not contact vendors until they are well into the buyer journey. Prospects now explore potential vendors for the solutions they need and on their own compare offerings, get an idea of costs and only then will they reach out to two or three candidates to get details and create a shortlist.

Your strategy is to be proactive. Find out where competitors’ customers discover new products or services—do they watch product or service reviews on YouTube? Do they follow industry experts or influencers on Instagram or TikTok? Customers trust brands that meet them where they already are and provide value before the sale even happens. Once you’ve learned who their guiding stars are, establish a presence for your entity in those spaces.

You want to get into organic search results with helpful content that answers questions that are important to prospects and that can include getting out in front of hesitation by addressing common objections. Showcase the outcomes your service or products can produce and how to achieve them. Blog posts, short videos, webinars, or educational product Q & A guides may be effective. The more consistently you show up with the right message, the more likely you will be able to win over your competitor’s customers—as well as finding a few new customers for yourself.

Promote your USPs

Once you understand what differentiates your brand from its competitors, as well as the evolving shopping habits of your target market, you can begin to promote the desirable and unique qualities that make your brand stand out. These might include your prices, delivery time, product availability, convenience, quality, or customer service.

These traits, or Unique Sales Proposition (USP), should be consistently promoted across your entire business, including your website, marketing and PR, packaging and customer experience from pre-sale to post-sale. By upholding these values throughout your customer experience, you can ensure it’s clear to potential buyers why they should switch to your brand.

Nurture brand loyalty

Acquiring new customers is much more expensive than retaining an existing one, as research has shown. Once a customer has made his/her first purchase, it’s essential to encourage repeat visits if you want to see a strong return on your investment. Building these connections will instill consumer trust and brand loyalty, ensuring that you’ve won a customer for life.

Email marketing is a time-tested way to nurture customer loyalty and it is easy to personalize—a feeling that customers value. Brand loyalty starts with how you onboard people. When you acquire a new customer, put yourself in that individual’s seat and envision a customer journey that will resonate. For example, customer’s are inclined to appreciate a discount code but in the immediate aftermath of post-sale, they’ll likely appreciate more a welcome from you that explains who you are, what the customer can expect regarding the initial stages of working together, a request to meet and discuss the product or service purchased, invoicing and payment options. In other words, you can show your value by providing relevant information that also teaches them why they should open your emails. Set the tone early, and they’ll stay engaged longer and that is one of the pathways to loyalty.

Final thoughts

Customers leave brands—your competitors or you—that stop serving their needs. They leave because someone else made it easier to understand, easier to trust, or easier to buy. That can be you.

You may need to set up a marketing complicated funnel. You may not need a sizeable marketing budget. You do need to research and learn the pain points, hot buttons, priorities and emerging next big thing—way of doing business, customer service needs, buyer journey, payment options, or whatever else. You also need to pay attention to customers and prospects consistently, to help yourself make smart improvements and prove your value where it matters most. When you do that, you don’t have to out-shout your competition. You just have to be their obvious choice.

Thanks for reading,

Kim

Image: © Courtesy of Brimfield Antique Flea Markets. Featuring 5,000 dealers, Brimfield Antique Flea Markets is believed to be the most popular and largest such event in the U.S.