Too loud to fail: The future of competition
In today's competitive marketplace, non-media based companies must focus on becoming media-centric, using content to grab customers' attention and hold it 24/7.
Too loud to fail: The future of competition
Selling a product has become both easier and harder than ever before.
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
On one hand, the cost to launch a business and create a product has greatly decreased with the ability to leverage channels
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
that may not necessarily require capital such as organic social media content.
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
On the other hand, there are more products and companies than ever before.
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
Throughout history, companies have competed on a variety of different points, starting with price and eventually moving onto product features.
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
Nowadays, almost every product is replicable if given enough time and funds which makes features a shallower competitive moat.
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
Someone out there will eventually make something that works better, faster, and stronger than what you have to offer.
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
Nowadays, competition seems to be more heavily based on marketing.
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
In the early days of social media, if you shifted from print and out of home style marketing to digital marketing,
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
you were accessing potential customers better than your competitors who weren’t doing the same. It was cheaper too.
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
Now, every form of marketing is table-stakes.
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
You have to use digital marketing.
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
You have to start doing collaborations with influencers and celebrities.
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
You have to attempt guerrilla style marketing campaigns.
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
You may even have to still advertise on TV.
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
Whatever your competitors are doing, you will have to do it too.
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
More and more companies are turning to content generation as a way to grab potential customers’ attention.
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
The battle that must be won daily is a war of attention, which can be in the form of images, videos, podcasts, and more.
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
But when you start to think about what and how you want to create, you quickly realize that making a single blog post is not enough.
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
How are people going to experience it?
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
If they experience it, what else would they want to learn more about?
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
What other ways do they want to be entertained?
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
How often should they be entertained? The questions run endless but the trajectory is:
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
“How does my company, which sells a particular service or product, become a media company that can hold the attention of its audience 24/7?”
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
This may seem like a tall order, but the companies that figure this out and make it sustainable will be the companies that survive.
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
Of course there are always special cases to everything. But our belief is that this is where the competitive landscape for nearly all industries is going.
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
And it isn’t just bound to the B2C space.
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
We hope to share more content to help support companies that are trying to plan for this.
TOO LOUD TO FAIL: THE FUTURE OF COMPETITION
In a competitive marketplace where almost every product is replicable and competitors are doing all the forms of marketing, winning requires companies to focus on becoming a media company.