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- Use Competitors to Sell
Use Competitors to Sell
Plus, đ¤Discover Untapped Ad Channels
Hey there đ§
Ready for another day of staying ahead of the competition in the Growth race?
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TOGETHER WITH WYNTER
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Payout ranges:
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It's flexible, low-pressure, and a great way to stay involved in industry trends while earning on the side.
đŻ The Art of Strategic Competitor Takedowns
Insights from demandcurve
Competitor bashing can be a powerful marketing tactic when executed strategically. It involves highlighting your strengths by calling out a known rivalâdirectly or subtlyâon a key metric where you outperform them. But this tactic requires finesse. Hereâs how smart brands pull it off.
Strategies for Effective Competitor Bashing
1ď¸âŁ Play the Subtle Game
Sometimes, less is more. Use innuendos or hints to suggest you outperform the competition without naming names. Surreal is a great example, leveraging familiarity with cereal brands to draw attention without directly calling them out.
2ď¸âŁ Go Bold with Facts
If you can back it up, a head-on approach works. Structure the message around clear, undeniable facts:
McDonald's has more drive-thrus than Burger King.
Consumers refill Heinz bottles with other ketchup brands.
Start with a truth and build on itâmaking sure the comparison serves your message.
3ď¸âŁ Turn Their Strengths Against Them
A clever way to win is by using a competitorâs signature element against them. Pepsi did this with its famous âPepsi Maxâ ad, though risky. Similarly, Huel repurposed Athletic Greensâ iconic packaging to highlight its own strengths.
4ď¸âŁ Leverage Stereotypes to Your Advantage
Ads like Apple's iconic âMac vs. PCâ campaign showed how to position a product as the cooler alternative by leaning into cultural stereotypes. This playful rivalry was effective in making Macs appear more desirable to a younger audience.
â Proceed with Caution
Mentioning competitors can backfire. When you name a rival, you risk giving them free publicity. Established brands like McDonaldâs or Pepsi must tread carefully when referencing Burger King or Cokeâdrawing attention to a competitorâs popularity can work against them.
The Takeaway
Competitor bashing is a smart tactic for challenger brands but must be handled with precision. Subtle hints, fact-based comparisons, and clever twists on competitorsâ strengths can all work in your favorâespecially if youâre a startup looking to challenge industry giants. Just ensure itâs a fight you can win.
đ§ The Power of Podcast Ads
Insights from stackedmarketer
Podcasts are more than entertainmentâtheyâre a growing platform for impactful advertising. With about 76M listeners in the US, this audience is expected to grow by nearly 50% over the next five years, presenting a valuable opportunity for advertisers.
Whoâs Tuning In?
While radio still dominates, podcasts attract younger, affluent audiences. Gen Z and millennials are leading the way, with the most frequent listeners aged 25-34. Male listeners with higher incomes also make up a significant portion of the audience. Popular genres include news, true crime, comedy, and sports, allowing brands to align with relevant shows.
Ad Spend and Engagement on the Rise
Podcast ad revenue soared from $840M in 2020 to $2.16B in 2023, and itâs projected to reach $2.5B by 2025. Ad loads, or the time devoted to ads during episodes, have grown by 50% year-over-year. Notably, ads within genres like true crime and society & culture saw significant increases.
What Listeners Think
Surprisingly, listeners are more tolerant of podcast ads, especially when read by the host. Nearly 40% say they support brands that advertise on their favorite podcasts, and many find podcast ads engaging, memorable, and relevant. However, repetitive ads can cause fatigue, so careful planning is essential.
What Makes Ads Work?
Host-read ads outperform pre-recorded ones, with almost half of listeners purchasing products advertised directly by hosts. Arts, media, financial services, and CPG brands dominate podcast ad space, but niche industries like B2B could benefit from exploring this underutilized channel.
The Verdict
Driven by increasing listeners and ad spending, podcasts offer a high-engagement platform for targeted campaigns. With host-read ads and thoughtful placement, brands can tap into a growing market to boost awareness and conversions. Ready to tune in?
AI Tools to Supercharge Your Productivity
đĽď¸ Reiden: Use AI to find areas where youâre slow and suggest keyboard shortcuts to improve efficiency.
đ Audeus: Read aloud any Doc, email, webpage, or article with a text-to-speech Chrome extension that saves you time and boosts productivity.
đ Prisma: Gain deep insights and get actionable recommendations to improve database queries, making your apps run faster.
đ Inquisite: Conduct deep research on any topic, find insights based on trusted, credible sources, and distill those insights into research-backed documents.
đ¤ Cody: An intelligent AI assistant that you can train on your business, your team, your processes, and your clients with your own knowledge base.
Thatâs all for today! While we curate another Growth edition for tomorrow, let us know how you felt about today! And share this with someone whoâd love it.đĽ°