blog-top-image

Competitor Advantage: 5 Genius Alternatives to Fighting Your Competitors When Competition Gets Hard

22 March 2022

Author

Angeline Lo

Here's the thing: your business could be offering the best quality ingredient dishes, the hottest fashion, or the fastest Internet or delivery service and yet still, thousands of other companies exist that do just what you do. For instance, over 8000 food and beverage establishments exist within Malaysia alone, and the thousands of job opportunities available within the textile industry alone means that upcoming fashion brands have a lot to rival with. We're talking about the word competitor.

But is direct rivalry always necessary? Although competition can be a good thing ,after all, it pushes you to step out of your comfort zone and try harder, making you apply strategies you might never otherwise have applied, it doesn't necessarily follow that one has to compete wherever competition lies, especially when taking on so many competitors might lead to a stressful and unhealthy amount of competitive work that may in turn drain you of your marketing creativity and potentially jeopardize campaign and brand success. Not just that, but when competition gets too much to handle, it may diminish your customer base and force you into lowering the prices of your products and services.

Therefore, before giving in to competition the traditional way, try these alternatives instead, which at first glance may seem counterintuitive but in reality work towards outsmarting your competitors.

1st Alternative: Surprise Your Audience in a Pleasurable Way

portable-text-image

While you could invest in research and development to enhance the quality of your clothing, flavours, or user experience, your competitors might already be doing just that. What you can do instead is something you've never done before , surprise your target market in an unexpected way through Social Media Marketing.

Think about it: are you showing up consistently on Instagram, Facebook, TikTok, and LinkedIn? Are you engaging your audience with scroll-stopping content, interactive Stories, or value-packed captions that make them stop mid-scroll?

A strong Social Media Marketing strategy means your brand stays top of mind, even when you're not actively running ads. If you're wondering how you can produce engaging blog articles to complement your social presence, this will be super useful.

2nd Alternative: Collaborate with Your Competitors

portable-text-image

Milka and Oreo are both sweet food products. Coming together, they turned into the delicious Milka Oreo Chocolate Bar.

In addition to using captivating and consistent content to draw people in and keep them as loyal readers or listeners (if you decide to produce videos and podcasts), why not work with your competitors, side by side?

You can actually choose to collaborate with other businesses that are doing what you're doing, whether for an upcoming product, promotion, campaign, or project. This not only boosts customer engagement for both parties and allows you to reach an entirely new audience, but it also lets you build rapport with your competitors.

This approach works especially well in FMCG Marketing. Take Milka and Oreo, two beloved FMCG sweet food brands that came together to create the iconic Milka Oreo Chocolate Bar. Neither brand lost its identity; instead, both gained exposure to each other's loyal fanbase. That's the power of FMCG Marketing done right, strategic partnerships that expand reach without the cost of head-to-head rivalry.

However, this alternative may not work so well for direct competitors offering the exact same product, think Coca-Cola and Pepsi. Instead, think of Milka and Oreo.

At the end of the day, the result of the mutual collaboration could lead to an even bigger following consisting of people who admire the values you stand by: teamwork, the common good, and helping each other.


If you need even more convincing on the power of collaboration for brands, you should definitely read this too.

3rd Alternative: Pick One Business Strategy Where You Can Be 1 Step Ahead

portable-text-image

Thirdly, you could try being one step ahead of your competitors. Sit down to brainstorm where exactly your brand can take the lead and stand out.

For example, could it be that your competitors have forgotten about SEO? Even though the significant role SEO plays in boosting brand visibility may be clear to some businesses, other businesses, your competitors, may remain completely unaware that working on improving the SEO of their websites and blogs pays off significantly.

But you're different: you know that SEO is a must due to its ability to bring more people to your website, and more people at your website translates into an increase in traffic and a higher number of potential customers. Pair that with a solid Social Media Marketing presence and you've got a full-funnel strategy that works around the clock for your brand.


4th Alternative: Care for Your Existing Fans

portable-text-image

And then there's the option of, hopefully unlike your competitors, going all out by offering more than you have been, such as providing more menu options, the opportunity to customize products, and personalizing (or some say "humanizing") customer interactions versus relying solely on automated tools. On the whole, this strengthens customer service and brand loyalty.

To state our case even further: in the long term, businesses that intend to sustain themselves would fare better by focusing on retaining their customer base and getting more value from them, because attracting people to become loyal customers isn't an easy task in today's competitive market. Just think of how some flight attendants go out of their way to make a passenger feel comfortable and safe, make your company the one whose flight attendants are trained to do just this, if you get our metaphor.

5th Alternative: Take the Opportunity to Appeal to a Larger Audience

portable-text-image

Last but not least, instead of going head on with your competitor, why not deliberately create opportunities for your brand to shine: such as by appealing to a broader audience. For example, if your brand has always made clothes for young women, you could consider designing a line for older women, athletic women, or plus-sized women, naturally widening your target audience.

Other examples include hiring subject matter experts who can guide you on specific strategies for specific audiences, hosting live events to give potential customers an enjoyable brand experience, or contributing to social causes such as charity events.
For fresh ideas related to how your brand can support social causes like ending the stigma towards mental health, this article is a good start.

Whatever strategy you decide to use in the face of tough competition, it's worth remembering that many tools exist beyond just trying to beat competitors head-on. Continuously surprising your audience across platforms like Instagram, Facebook, and TikTok through smart Social Media Marketing, collaborating with complementary brands (especially in FMCG Marketing), staying one step ahead with SEO, nurturing your existing customers, and finding opportunities to expand your audience, these are all clever, sustainable alternatives to fighting your competitors. Keep your friends close, and your enemies closer.

Looking for a Social Media Marketing agency in Malaysia that also gets SEO and Influencer Marketing? At Tinker Society, we help brands cut through the noise with strategies that are as clever as they are effective. Let's talk about your brand.


Related Articles

blog-image

Instagram Marketing: How to Actually Grow Your Brand (Not Just Your Follower Count)

Instagram has over a billion daily users. What started as an app for sharing personal photos has grown into one of the most powerful marketing channels for brands of every size. Whether you're a homegrown SME or an established FMCG brand looking to level up your digital marketing, Instagram gives you a direct line to your customers. But here's the thing , showing up on Instagram and actually growing on Instagram are two very different things. This guide breaks down everything you need to build a real Instagram marketing strategy, not just post and hope for the best.

blog-image

Check out these Social Media Strategies (updated in 2021)

When this year kicked off with an entirely new normal, social media grew to become an even greater phenomenon. Despite having made plans, many brands could not have predicted how fast current events would sweep up the global market, conversations […]

5 Clever Alternatives to Beat Competitors | Tinker Society