Smartphone carriers are just now getting it – steal market share
Tom Dougherty, CEO – Stealing Share
14 January 2014
Smartphones now represent a mature market
The so-called experts in the smartphone wars are saying that the carriers will try to attract the competition’s customers in 2014 rather than just growing the market for smartphones.
Welcome to the 21st century, guys.
“In the time when smartphones have become the norm, most carriers have simply grown the market by promoting the benefits of a smart phone.”
In the time when smartphones have become the norm, most carriers have simply grown the market by promoting the benefits of a smart phone. For those other than the market leader, that is always a losing strategy. When you simply promote the market benefits, the market leaders become the default choices.
That’s what has happened here. AT&T and Verizon account for 70% of the smartphone market. That’s a huge number. The rest of them, including T-Mobile, are left scrambling for scraps. That’s also why the smaller, regional carriers are basically dead and T-Mobile is reduced to offering to pay termination fees for those that switch.
My point is that, even if your market is immature, you should always be stealing market share from the competition. If you don’t, and take the easy way out (marketing market benefits), you will find yourself paying potential customers to join your side.
Quora Tom Dougherty, CEO - Stealing Share 21 August 2018 Quora gets online etiquette right I have long found issue with online public discourse, namely with interactions on Twitter. It seems users can tweet anything outlandish (see: Alex Jones) and it'll be...
Advertising mistake Tom Dougherty, CEO - Stealing Share 20 August 2018 Advertising mistake colors me shocked If you’ve ever been on a TV advertising set, you see the careful craft that goes into everything. No matter how inane the ad might be. That’s why any...
MoviePass Tom Dougherty, CEO - Stealing Share 15 August 2018 MoviePass - the great idea till it wasn’t MoviePass is quickly dying. Its stock is now at five cents a share. It seemed like a great idea. Though, in retrospect, it served only as a great...