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This article was written by Glory Borgeson, an executive coach, author, and speaker. Schedule her
to speak at your organization's next event:
Personal Branding Speaker; Emerging Leadership Speaker; Entrepreneurial Speaker
Product brand managers analyze their competitor products' strengths and weaknesses.
As a personal brand, you must do the same. Read on to find out how to figure out
your brand's competitors' strengths and weaknesses, and then how to position your
strengths to win.
When product brand managers brand their products, they spend a lot
of time analyzing their competition. Managers who work for Pepsi analyze
Coca-Cola. The people at Caribou Coffee analyze Starbucks. And the folks
at Toyota analyze Honda.
The managers analyze the competitor’s strengths and weaknesses. What do
the competitors do better than anyone else? Why do people buy their products?
Why do some people in the target market choose to not purchase their products?
What do their former (or current) customers complain about regarding their
products or services?
Then these managers match up their own product’s strengths against
their competitor’s product weaknesses, positioning themselves to beat
the competitors by focusing on beating those weaknesses.
Likewise, as a self-brand, you have competitors out there who want the same
promotion, the same great job, the same sweet projects, or the same customers.
You need to analyze your competitors’ strengths and weaknesses, and then
position yourself to beat their weaknesses.
First, identify your competitors.
Who are they? Do you know (or know of) the actual people you are competing
with at this time? (i.e. you know their names and where they work now). Or
do you have more of a general idea of your competition, in terms of skill sets
Where are your competitors now? Are they at the same company as where you work,
or are they at a different company?
Next, list your competitors’ strengths and weaknesses. (Do this over, say, a
week’s time so that you brainstorm a complete list.)
What do they do better than most people in their category? What is it that
their target market (bosses or customers) seem to love about them?
What do they do that annoys their target market (bosses or customers)? What is
it about them that could keep them from succeeding? Is it their communication
skills? Their timing? Their lack of integrity? Because they’re usually late
with their deliverables? Because people don’t seem to like working for them?
Once you’ve defined their strengths and weaknesses, review your strengths again.
Which of your strengths can be positioned against their weaknesses?
What do you offer that your competitors don’t offer? How can you parlay your
strengths to overshadow their weaknesses?
After you brainstorm ideas regarding what you offer that your competitors don’t
offer, summarize what you offer. That is your value proposition.
Brainstorm some ways that you can use your value proposition to get “your brand”
into the minds of your target market. And then brainstorm some ways that you can
use your value proposition to get the job you want, the promotion you want, or
the customers you want.
This personal branding thing can get really involved: there are a lot
of steps to discovering, creating, and marketing yourself as a brand successfully.
To help you out, I've created a "Brand Yourself! Coaching Program".
It is a self-paced coaching program you can purchase directly from Borgeson
Consulting. I'm very excited about this program! Since it is self-paced,
it is very affordable - less expensive than traditional coaching by telephone,
and you complete it at your own pace.
The "Brand Yourself! Coaching Program" has 10 modules, taking you
through each of the essential elements of personal branding. Call (630-653-0992)
or e-mail (info@BorgesonConsulting.com) to find out more about it.
I also give a keynote speech, "Brand Yourself Without Getting Burned: Know the Secrets
to Finding the Right Brand for You!" Contact Borgeson Consulting to find out more!
I appreciate your thoughts in response.
Glory Borgeson, President
© 2008 Borgeson Consulting, Inc.
Contact us to find out how to get started.
By e-mail: email@example.com
By phone: 630-653-0992
By fax: 630-653-3993