January 19, 2011
Author: Patty Cisco, “Creative Catalyst”
If someone called or walked in to inquire about your services today, after already visiting with two or three of your competitors, who would they remember the most and why? Would it be you? What would make that sales call or tour unique? Let’s face it, all senior care providers tout their horn about “quality of care”, “personalized attention” or “customer service”, so what makes you different?
Regardless of the senior care service you deliver, everyday a lead is lost to a competitor based upon their competitive advantage. The good news is that you can minimize lost leads and close more sales, by identifying your organization’s competitive advantage.
Competitive advantage is what separates you from the rest of the herd so to speak. It’s really about how you differentiate your service in the mind of your lead or inquiry through your sales and marketing messages. Take for instance the Visiting Nurse Association of Florida, a nonprofit organization that provides skilled home health care services and maintained a favorable reputation. They had been around longer than any other home health care agency in the state, and its public relations efforts were very effective in increasing brand recognition. They delivered consistent marketing messages, however their message never addressed the question “Why choose us?”
After customer research was performed on two target audiences, referring physicians and assisted living organizations, two different sets of competitive advantages were identified. As a result of the research, VNA stopped touting its nonprofit status and instead stressed the competitive advantages that their customers cared most about. A few of the competitive advantages they now tout are:
- Patients cared for by VNA are rehospitalized 23 percent less than the competition.
- Patients visited by VNA staff require emergency room treatment 34 percent less often than patients of competitors.
- VNA’s patients improve 34 percent faster than the national average.
- Patient satisfaction with VNA services is 99 percent.
Don Crow, the CEO of VNA shared that VNA’s traffic started to increase almost immediately after it began the new marketing campaign touting its competitive advantages, and they broke company records by increasing their revenues by 40 percent.
The significance of identifying a competitive advantage unique to each target audience is so important in differentiating your services. This is the area where most senior care providers lose traction in differentiating themselves-they try to use the same message to communicate their services to all target audiences.
What if you could have a compelling message or story that you could use consistently in your sales calls and marketing efforts; if it could help you capture just one more lead, and close one more sale would it be worth the effort to create? In today’s tight market, you bet it would!
To learn how you can discover your competitive advantage New LifeStyles is sponsoring a FREE 60 minute webinar on January 27, 2011 at 1:00 EST: Why should I choose your service and not your competitor’s? This complimentary webinar has been designed specifically for home health, hospice, skilled nursing and assisted and independent living professionals by nationally recognized senior care marketing and sales coach Patty Cisco, President of CISCO & CO. Join us and discover how to identify your true competitive advantage and use the six building blocks of value to draft a memorable message that will differentiate your sales and marketing strategies from your competitor’s down the street. Click here to sign up for this FREE Webinar to be held January 27, 2011 at 1:00 Eastern.
What is your competitive advantage?
References:
Creating Competitive Advantage, Jaynie L. Smith, 2006