Thursday, August 29, 2013

Befriending the Competition


One of the most respectable aspects of CrossFit that you don’t see in any other sports is that sense of community and competitors really bonding together to bring their training to the next level.   We have all seen it with Lindsey Valenzuela and Sam Briggs, Rich Froning and Dan Bailey.  With just those names, it’s proven success; as a business owner take notes and apply the same tactic to your marketing plan.
 
As an entrepreneur, first instinct is survival mode.  But there is proven success by embracing your competition and making an ally instead of enemy.

            Ever see a cluster of furniture stores all on one street? You might think ‘how do they stay in business?’  They do.  If one store doesn’t have that gem the customer is looking for then a quick referral to a nearby location can make the sale, and keep the customer coming back for more.  I remember at one of the Oakley Action Sports events a rep pointing out to me one of his surf dealers.  He said, “see that guy over there, look what he just did, he’s smart.”  Rumors were that the top surf retailer was going to be opening up a new location a few doors down from a small retailer.  The small retailer could have been pissed, could have bitched and moaned, created some tension with the other owners… could have, but he didn’t.  At lunch, he walked right over to the competition, sat down with the crew and sparked a conversation.  The end result was ‘hey dude if you don’t have something we carry send them our way and vice versa.’  This was several years ago; both are still in business and doing well.

            My favorite example in the community is Stupid Easy Paleo.  While founder, Steph, could have taken the stance of “follow me I’m the best the others don’t compare” (which I agree SEP is) she’s working on building the paleo community and creating partnerships with similar brands.  Recently she featured another paleo blogger on her site in an interview.

Click here to view the site and read the entire article

RXD:
            Create a unified community around the same theme
            Leverage each other and fill the gaps
           

DNF:
            Hostility- creates a bad tension that doesn’t give the vibe you want for your brand
            Poor sportsmanship/negative campaigning- don't try to boost your brand by bringing someone
              else down. 

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