|
Let me start today’s newsletter with a simple question: Have you ever wondered why Uber became the go-to ride-sharing app, even though traditional taxis have been around for ages? The difference isn’t that Uber offers the same service. They don’t. Instead, Uber solved customers’ problems in a whole new way. What I mean is, traditional taxis had their issues:
So what made Uber so smart? They fixed these problems with a simple app that lets you book rides easily, see where your driver is, know the exact price, and pay with your phone. This strategy worked incredibly well, and now Uber operates in 70 countries. What happened here is they solved the customers’ problems differently. And it’s called the “Differentiation Strategy.” Well, what’s that? In simple terms, a differentiation strategy means standing out by solving your customers’ problems in a unique way. Instead of copying competitors, you innovate, offering something they don’t. Why does this matter to you? When you offer something special, people who need it will find you. Look at Uber. They made getting a ride easier while regular taxis didn’t change. You can find ways to make your business special too. Even if there are lots of other businesses like yours, you can still come up with new ideas. Uber didn’t try to be just another taxi service. They made getting a ride totally different. You can do this too by finding problems that others haven’t fixed yet. This makes customers stick with you. They’ll remember you as the one who helped them in a way no one else did. So, how can you apply this strategy to your business?
You can start by researching your competitors. What are they doing that your customers dislike? Then, brainstorm ways you can solve those issues in a different (and better) way. I hope this helps you think of new ways to make your business better, even if you’re planning to start one this year. If you need a clear roadmap to create your small business marketing plan for 2025, take a look at my free guide here. Cheers, Minosh. |
Online business and marketing insights from real founders, researched and handed to you every Thursday.
When most people start a business, they have a pretty clear mental image of what “being ready” looks like. A website that looks decent. A logo. Maybe a social profile that’s at least halfway filled out. And I get it. Those things feel like proof. Proof that you’re real, that you’re not just talking about doing something. I found a survey of 500 marketers that came out earlier this year, and one number in it that I wasn’t expecting. Most people had already decided if they were going to contact...
Everyone wants a cool business idea. Something that sounds good when someone asks what you do. Something with an aesthetic, maybe a logo you could put on a tote bag. Bookkeeping is not that. No one brings up bookkeeping at a dinner table. It doesn’t get saved on Pinterest. There is no viral reel showing someone living their best life because they sorted a client’s QuickBooks account. And yet, there was this story on Entrepreneur. A 26-year-old woman started a bookkeeping side hustle about a...
Everyone sees a founder go viral and thinks that’s the way to do it. Post every day, follow the trends, grow your audience, and customers will come. So they start posting. Nothing happens. They post more. Still nothing. Then they quietly give up and blame themselves for not being “consistent enough.” But here’s the thing. The problem usually isn’t the content. It’s what they expect social media to actually do. I recently read an article about two teenage founders, and what they’re doing with...