Seth’s Blog: Your competitive advantage.

Some of the ways you might build or maintain a competitive advantage:

• Access to hard-to-replicate Talent
• Hard-earned skills
• Higher productivity due to insight or organization allowing you to be cheaper
• Low cost of living for you and your staff allowing you to be cheaper
• Protected or secret technology or trade secrets
• Existing relationships (switching costs working in your favor)
• Virally organized product and organization
• Large network of users already and a network effect to support you
• Focus on speed
• Monopoly power and the willingness to use it
• Unique story that resonates with the worldview of your target audience
• Shelf space due to incumbency
• Large media budget
• Insight into worldview of prospects–making what they care about
• Emotional intelligence of your salesforce or customer service people
• Access to capital and willingness to lose money to build share
• Connection to community

Not on this list, at least not prominently, are “we are #1!”, “we are better!” and “we try harder.” Cheerleading skills are not a competitive advantage.

Remember..If I don’t know about you, you don’t exist.