When a Competitor Copies Your Product. In the AI era, it’s becoming easier than ever for companies to mimic or clone successful products. While your first—and correct—instinct may be to take legal action, take a moment to recognize that imitation can also present a strategic opportunity. It can reveal what customers value about your offering and where your competitive advantage lies.

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Today’s Tip

 

When a Competitor Copies Your Product

In the AI era, it’s becoming easier than ever for companies to mimic or clone successful products. While your first—and correct—instinct may be to take legal action, take a moment to recognize that imitation can also present a strategic opportunity. It can reveal what customers value about your offering and where your competitive advantage lies.  

Confront imitation on your own terms. Find out why customers are choosing a dupe instead of your product. Is it the price, convenience, or perceived quality? Give those customers a chance to experience your offering first-hand. Pay attention to which differences they notice and are willing to pay for.

Consider creating your own alternative. If imitators are attracting customers who can’t afford your product, consider offering a lower-priced version yourself. Make sure it delivers genuine value while preserving the advantages of your premium offering. This can help you reach new customers without undermining your brand. 

Invest in what competitors can’t copy. Identify what imitators have successfully reproduced, then focus on what they haven’t. That might include customer relationships, proprietary knowledge, or superior service. Strengthen those advantages and keep innovating—so competitors struggle to keep up. 

Two outstretched hands holding ice cream cones.

Read more in the article

How Copycats Can Reveal Your Competitive Advantage

by Graham Kenny and Ganna Pogrebna

Read more in the article

How Copycats Can Reveal Your Competitive Advantage

by Graham Kenny and Ganna Pogrebna

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