So you think you stand out in your market sector? You are the biggest, the best, the most customer-centric. The competition follows your lead, they languish in your wake, they simply aren’t as good as you.
Ever heard of differentiation? Well Hey!…here I am*…and it’s probably not what you are expecting. The fact is, a huge number of B2B brands literally swim in a sea of sameness. This insight is dramatically brought home in our white paper on brand differentiation in the Global Telecoms Sector which you can download here, Lost in a Sea of Sameness.
Even if you don’t operate in Telecoms the lessons from our research are worth looking at. It’s clear that from the buyers perspective many B2B brands simply look the same.
The classic approach to B2B differentiation
Look across any business and three things are commonly used to differentiate. Price, Product, People. These are the three P’s of B2B difference. The only problem with this approach is that it generates a massive ‘so what?’ Buyers expect your prices to be competitive, your product to provide a good solution and your people to be experienced, innovative and attentive. There is absolutely nothing that makes a difference here at all.
So What’s Going On?
A lot of B2B marketing fails to take account of the psychology of differentiation. Unless you understand these things, then standing out in the mind of the buyer isn’t going to happen. To differentiate your b2b brand from your competitors you need to think about three things. These b2b brand differentiation essentials will have a massive impact on your sales and marketing effectiveness.
- Noticing Difference
Differentiation is about ‘being separate’. It is also about how we notice something for being different in the mass of information that we receive on a daily basis. The scientist Gregory Bateson in his book Steps to an Ecology of Mind pointed out that we are mentally geared up to pay attention to ‘differences that make a difference’. This he describes as receiving a ‘meaningful signal’ from the same information that surrounds us. Now, this is central to marketing guru Ted Levitt’s idea of differentiation and something that has been lost in the wash in the decades since he published his seminal article ‘Marketing Success Through The Differentiation of Anything’. The key word in Levitt’s article is ‘meaningful’ and its been totally forgotten. Levitt urged the pursuit of ‘meaningful differentiation’ not just differentiation for differentiation’s sake. So ask yourself do you really know ‘what the buyer finds meaningful’
- Brain Short Cuts
Humans need quick and easy rules about how to operate in the world without having to re-learn responses to every situation we are faced with. Imagine having to start from scratch and learn the right the thing to do when you wanted to cross the road. Life would become unmanageable. Cognitive psychologists call the rules we use ‘heuristics’. These are brain shortcuts that allow us to deal with everyday situations. Psychologists Tversky and Kahneman classified several of these ‘rules of thumb’ as they are called. One type, in particular, is important for CEO’s, CMO’s and sales and marketing professionals and it involves self-deception. In other words, the way we fool ourselves into believing something that isn’t true. Technically called a ‘judgment heuristic’ and related to the ‘fundamental attribution error’ it is common for many marketers to assume that they are unique and different compared to their competitors. Just take a look at the ‘About Us/Why Us’ pages of your three nearest competitors and judge for yourself how different you really are!
- Being Relevant
Relevance is yet another marketing buzzword. So buzzy that it has lost its meaning. In social psychology and communications theory, it is crucially important. Relevance is what B2B buyers use to ‘select’ one supplier from another. It is a faculty of buyers mind that is impossible for the supplier to control. Relevance is all about what the buyer sees as their ‘matter at hand’, the most pressing, top of mind issue or problem they or their organisation is facing. Unless you understand this and show to the buyer you understand this then all you are is another grey fish swimming in the sea of sameness.
What do you think?
Do you think B2B marketers need to worry about differentiation? Does the cream always rise to the top anyway and discerning buyers who know their supply network will always pick the best?
Download the full report, Lost in a Sea of Sameness
*paraphrased from Falling Down when Michael Douglas’ character Defens buys a Wammy Burger – ‘ever heard the phrase the customer is always right, well hey, here I am…the customer’