Demand capture marketing is a zero-sum game.
It’s simple: when we gain market share, our competitors lose it, and vice versa. There’s only so much demand out there, and our goal is to take as much of it as possible.
To win, we need to focus on strategies that work—B2B SEO, paid ads, and middle-of-funnel content that converts.
But before we act, we have to know exactly what our competitors are doing so we can hit them where it hurts and take what’s ours.
Preparing for the Race: Identifying and Analyzing Your True Competitors
To beat your competition, you need to know who they are and what they’re up to.
Tools like SEMrush, Ahrefs, and Moz can help you gather valuable insights into their SEO strategies, paid ad campaigns, and content marketing efforts.
But be careful. The companies you frequently encounter in bids or projects might not be the ones dominating the demand capture space. They might have strong preexisting relationships with buyers but might not excel in digital marketing.
To avoid this pitfall, focus on identifying the competitors who are truly capturing demand in your market. These are the companies that are ranking high in search results, running effective paid ad campaigns, and engaging potential customers with compelling content.
Competing Wisely
It’s not just about increasing your marketing spend. You must spend smartly and invest wisely.
When looking at marketing spend for demand capture tactics, you can’t view it in absolute terms. It’s not just about what you are spending now versus before; it’s about how much you spend relative to your competitors.
Imagine your competitors are sprinting, and you’re only walking. Even if you were previously standing still, walking won’t help you catch up. The gap will continue to increase. To close the gap, you need to match or exceed the pace of your competitors.
Grabbing Your Piece of the Pie
By understanding your true competitors and matching their pace, you can effectively capture a larger share of the market.
Thoroughly analyzing the competitive landscape, benchmarking against the right competitors, and continuously improving your strategy will ensure a robust and competitive approach to demand capture.
Another Slice Anyone?
All this pie talk has made me hungry! Check out our other blog post for more insights and strategies to help you dominate your market. Who doesn’t love a good read with their pie?
Need some help coming out on top? That’s where we thrive. Reach out today to request a proposal on how we can help you steal market share from your competition.
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