AMA: Airtable Market & Competitive Intelligence Lead, Alex McDonnell on Competitive Positioning
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The goal of our work is to help our company build and express our competitive differentiation. A competitor is anyone who has a similar value prop for the same audience. Not necessarily the same solution. Even if a customer could feasibly use both, we might still be "competing!"
For me:
Positioning: overall strategy of who we serve and how we do it better than the other major options
Messaging: language and themes we use to communicate Positioning.
And for good measure, Copy: exact words that appear on marketing assets, informed by Messaging.
Use "trap setting questions." Craft a question for the customer to ask your competitor that will expose the lacking functionality. In extreme cases you could send a video showing that the competitor doesn't do what they say. good luck!
Win/loss interviews have consistently been one of our richest sources. Also, plugging into active deals where we support the sales team (we use Gong and CRM to get alerts on which competitive deals we should help with).