MARKETING STRATEGY
(The Challenger)
If we're
new to the market place, we first examine our competitors
strengths and weaknesses, then it goes like this.
New in the Marketplace,
Attacking the Leader:
1. We have the
advantage of surprise, though short lived. We're able to get
on sports shows, both radio and TV, and in newspapers. Our
competitor checks and finds we have a strong reputation. We
buy the building telling them we're long term oriented. We
have so many quality people between all the facilities it's
easy to convince some to go to a different location for a
couple of months and hit our competitor hard. We have surprise,
we have quality numbers, we have experience, and one of us
is always on the battlefield. They hear about us on the radio,
TV, they get our flyers, our sequential dialing machines have
been known to reach them at home, at their business, and even
at pay phones. We wear them down.
2. We're deeper
financially and able to last out any price cuts they may do
to keep market share. Since we're on the attack and their
in a defensive position, their moves are predictable and easy
to counter.
3. With nationwide
contacts we make sound decisions based on good information.
4. We do what we
call market segmentation. We chip away at our competitors
a little bit at a time. We slowly take away their leagues
one at a time and they may not notice until it's too late.
5. Because of our
time in the market the other facilities spin off a strong
and dependable cash flow we can funnel to sustain the battle
for the marketplace.