A daily email about monetizing and visualizing your corporate expertise. Give me ~1 minute a day, and I'll help you turn what you know into your most differentiated and lucrative asset.
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With niching and positioning always on the brain, an article caught my eye recently by a few professors of architecture and urban planning titled: “Indie coffee shops are meant to counter corporate behemoths like Starbucks – so why do they all look the same?” I’m all too familiar with the premise. On many occasions, I’ve gone to meet a friend for coffee, but it’s too busy, so we go to another indie coffee shop around the corner. Essentially the same look, feel and service. Same exposed brick. Chalkboard menu. Vintage furniture. Same functional experience, no substitution cost. Professors Kickert, Parker and Gregg suggest a few stacked reasons for the lookalike paradox, which when combined, result in a self-reinforcing homogenization loop:
From a consumer’s standpoint, it’s both comforting and depressing — you have more options to get what you want (or have been trained to want), but the trade-off is little room for variety and differentiation. And at a market-level, this breeds commoditization, which kills margins, so no wonder, as the article mentions, most coffee shops don’t last longer than 5 years. We see this in our world as consultants, too. There are some professional standards we know our clients have come to expect:
So we go after those as a marketing "strategy." But then the homogenization really kicks in when we look at what our peers are doing:
And all of a sudden, even within our own domain, we’ve turned into a digital strip mall of commoditized indie consultancies. Now, the obvious advice here would be to say “stand out!” “buck the trend!” “zig where they zag!” - but the truth is our clients do, in fact, look for those comforting features. They’re table stakes. So where can we differentiate? On what lies underneath those common but necessary bones:
Focus on these, and you’ll find clients that seek you out not just for a cozy place to sit and sip — they can do that anywhere — but rather for your special brew. 💡 -Wes |
A daily email about monetizing and visualizing your corporate expertise. Give me ~1 minute a day, and I'll help you turn what you know into your most differentiated and lucrative asset.