26 May 2014

Maintaining Your Competitive Advantage Online

Competitive Advantage

Having a great looking, fully functional website is just the beginning. To take full advantage of online channels and build your competitive advantage your business needs to take a long term, future thinking approach. While your website and domain are quite rightly the centre of your online presence there is much more your can do to increase your leverage over your competitors.

  • Analyse your target market. Know who they are, what appeals to them and how/where they engage with similar products and services to those that your business offers;
  • Identify your competition and the channels they use to engage with their target audience;
  • Be speedy in responding. Online audiences are used to fast responses to queries so adjust your approach accordingly.
  • Appear more professional and engaging. Your website, social media platforms and content marketing are fantastic opportunities to cement your credibility and standing as an expert in your field/industry;
  • Be prepared – future thinking and proactive planning are imperative. You need to outline where your want your business to be in terms of sales, bookings and/or referrals;
  • Improve product/service offering. Consider adjusting your offering based on the wants and needs of your target audience. How can you enhance what your customers receive from you?
  • Offer better customer service. Customers are more likely to engage with a business that is open, transparent and proactive in relation to customer queries and complaints;
  • Offer online ordering where competitors don’t. Consider online sales or booking functions to increase your leads and sales. Your website is essentially a member of your team that is available 24/7 to work for you. Take advantage of the time that your competitors are closed but you customers are buying;
  • Mark your website more efficient/reliable/quicker/simpler. If you have a website take is a little old, chances are that it may not be working for you as well as it could be.
  • Offer freebies/offers that competitors don’t. Your online presence presents a great opportunity to make offering to your customer base and target audience with minimal outlay in time or money.

You can learn more about gaining and keeping an online competitive advantage by clicking here now.