Working at a company that serves consumers, I’m all too familiar with how competitive a space it is. Individuals are presented with an incredible amount of choice when shopping online and have real power to promote or sink a company’s good name.
We marketers have a wealth of information available to us too, including what our competitors are up to. Using persistent search tools and RSS you can listen to what any web-focused company is doing, almost in real time. That can provide valuable info and insights. (I use these monitoring tools every day.) But they also present a danger of shifting a company’s focus.
Our stated objective is to serve our customers in the best way possible, which will lead to organic growth. However, each time we see a company in our market place launch a new product or offer an interesting tool on their website, it sets off a minor panic. Why don’t WE offer that product? What is the fastest way that we can develop that feature for OUR website? Soon we’re letting our competitors dictate which products and designs we offer and how. The obvious problem with that scenario is that we will always be following the leader, not catching or surprassing them.
No one in our marketing department would come out and advocate moving to a flawed strategy like this but the mentality tends to creep into our decision making nonetheless. Watching competitors is great if we can remain focused on our customers. If not, it’s time to turn off the firehose of information that is distracting us.
January 2009 archive
When considering options for continuing development, the resources available are plentiful. I’ve taken classes, attended conferences, read books and considered grad school. But the best value that I’ve seen for staying sharp is RSS.
Using Google Reader, I can stay on top of the latest trends in the markets that I’m working in, monitor the reputation of my company, get inspired by some of the most outstanding voices in Marketing and find out about the latest tools and resources.
RSS isn’t hard to use at all and yet I find myself being one of the only ones at my company using it. That’s a shame. A lot of time and money is spent on learning through conventional channels despite the ease and cost savings available on the web.
This isn’t one of those niche technologies that will benefit a small group of technophiles for a short time. RSS is really valuable and not using it is a major detriment to any company with a marketing function. Google has made it about as easy to use as I can imagine it to be. What more will it take for RSS to go mainstream?
It may be that it is simply priced too low. If it’s free, the feeling goes, it must not be that valuable or powerful. If that line of thinking is right, this is an exception to the rule.
Thanks for stopping by. I started this blog as an outlet for the random thoughts that pop into my mind related to business and marketing. I’ll be ranting, rambling, brain-storming and simply getting my thoughts down on (virtual) paper. Welcome!