So what do you do when a competitor uses your proprietary information?
Usually, I would tell a client to make sure information has a copyright © sign or they contact their attorneys. However, today everyone’s a publisher thanks to WordPress and everyone’s a journalist thanks to the internet. So “garage journalists” who don’t give a hoot about objectivity, attributing information to sources or vetting the facts will easily copy and paste your proprietary info into their blogs, Facebook pages or tweets.
Recently, we discussed exactly this situation at a business training program with entrepreneurs who have been in business 5-10 years. One businessman (we’ll call him Larry) publishes his own industry information and a competitor has been “borrowing” it liberally for his business without attributing it. Larry’s customers depend on his information and look forward to it in his emails and newsletters. Being a direct guy, Larry has personally asked the guy to stop taking his info.
Does he call a lawyer?
Perhaps. But our solution was to inform his customers and social networks of the situation and have the network get to work. Larry’s customers are fiercely loyal to him—because they are so deeply involved in his lifestyle, products and services they are likely to take this action personally. Larry’s a hard-working guy who lives and breathes his business—his passion attracts equally passionate customers.
You can do everything to protect your information, but often the best weapon is an engaged and committed customer base. Remember to involve your customer in your personal story so they become as dedicated to your product/business as you are. Get your customer involved by regularly communicating with them, presenting a compelling story and providing information that matters to their lifestyles.
I can’t wait to see what happens when his fans find out an interloper is falsely trading on Larry’s sweat-equity.
If you’re interested, find me at mkathrynschmidt@gmail.com.
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