It has become an imperative to make yourself stand out from the competition. Removing yourself from the current competition and tapping into a new market is one of the best ways to stand out and get more attention. However, the idea of finding an entirely new niche sounds daunting. Luckily, I had the privilege of reading Blue Ocean Strategy which has been sold over two million times. Blue Ocean Strategy goes into detail about how different businesses were able to differentiate themselves from their competitors, but all of these businesses differentiated themselves with the same rubric. These are the components of the rubric that will allow you to differentiate yourself from the competition:
- Reduction. What are certain aspects of your niche that can be reduced. Do the people in your niche push out too much content? Do they post too much on Facebook? Find something that you can reduce that your competitors overuse.
- Elimination. There will be some aspects of your niche that can be completely eliminated. Blue Ocean Strategy goes into detail about Cirque du Soleil eliminating the need for animals and rings in their performances.
- Raising. There are some aspects of your niche that can be raised. McDonald’s and most of the other fast food restaurants do not focus on providing healthy food options. Elevation Burger on the other hand, focus on providing healthy food options, and their slogan, “Ingredients Matter” enforces this message.
- Creating. There are going to be some things that no one in your niche would think about doing. This is where the creation process comes into play. In order to make the creating process easier, look at what different niches do and see how you can apply concepts from different niches into your niche.
That is the rubric you need to create something that stands out from the competition. This plan will allow you to get out of the red oceans and go into the uncontested blue oceans. If you want to learn more about leaving your competition and creating an uncontested market space, then Blue Ocean Strategy is the right book for you.
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