Transcript
Kyle Reed (0:00)
Foreign.
Podcast Announcer (0:03)
You're listening to the why that Work podcast, presented by StoryBrand AI. If you've ever wondered why certain brands, trends, or cultural phenomena find success while others don't, you're in the right place. Every week, we unpack why something worked, then give you actionable insights that you can use in your own life. Now let's dive in with your hosts, Donald Miller and Kyle Reed.
Kyle Reed (0:24)
Don, what do you do when you run a business and it feels like you have thousands of competitors and you are trying to stand out? For instance, like the electrical car industry, there seems to be, like, one coming out every day. Not just new brands, but existing brands who are releasing new models or new options. How do you stand out in what feels like a crowded market?
Donald Miller (0:44)
I get that question from business owners all the time. They say, well, our competitors do that, or they're sort of obsessed with our. With their competitors. And it was just at a big office furniture conference, you know, like Steelcase and Herman Miller and those guys. And that came up over and over, you know, with these furniture dealers. Well, our competitors do that. Competitors do this better that. The reality is, if you're. If you're in a business, you're thinking a lot about the competition. And here's the problem that you're making. You're assuming your customer is also thinking about the competition. They're not. Yeah, I guarantee you they're not. And so you're spending your time looking the wrong direction. You're looking at what your competition is doing, what they're saying, the products that they're producing. What you really should be doing is ignoring the competition. And just look at the market. And actually, Jeff Bezos says this all the time about Amazon. We are not competitor focused. We are customer focused. So that's lesson number one, because it's. If you start getting nervous about your competition and you start losing sleep over them. And listen, I've been tempted, too. I mean, there are people who kind of do what we do. And I'm like, well, they're doing this, they're doing that. And I'm like, wait a second, this is a giant market. And yes, they may move into my market, but they're gonna move in a lot more if I'm not looking at customers and responding to customers and just serving customers as best as I can. So I'm being honest when I say this. I've been in business for 10 years, more in the current line of business. I really believe I have never once looked at a competitor's website.
Kyle Reed (2:30)
Really?
Donald Miller (2:30)
No. I cannot remember Ever looking at a competitor's website and trying to figure out what they're doing.
