We don't do this and I find the practice rather distasteful. To my mind, all they are doing is adding some 'buzz' to our brand. Seems unlikely that they will steal many customers.
I do appreciate that it is a competitive world out there. I guess we could ask politely if they'd stop, but I doubt they would listen. Would trademarking our company name give us more leverage?
We do it as do our competition. There is nothing wrong with education consumers as to their options. It is better for the marketplace.
If Coke asks the NY Times to place it's ad on the same page as every Pepsi ad there is nothing wrong with that.
This is just the same thing.
If I'm that web surfer, I want to know all my options and I want to see that ad for Beta Widgets and see if they really are competitive or have something new that Acme Widgets doesn't. If Acme Widgets are no longer competitive, then their problem is their product, not the ads.
Also, if customers are bidding on your name, then you sure can bid on their name. With a good product and a creative ad, competitors bidding on your name shouldn't be a cause for concern.
Also, if customers are bidding on your name, then you sure can bid on their name. With a good product and a creative ad, competitors bidding on your name shouldn't be a cause for concern.
Unfortunately, nobody searches for their name very much. So, they are piggy backing on our marketing efforts with no reciprocation ie they don't have much marketing effort for us to piggy back on.
In doing this, I was attempting to find a unique company name which still said what the company was all about.
One competitor chose to use my company name in their keyword selection and they even use it in the title of their home page on Overture. The first week Google launched adwords, they used my company name there as well.
Initially, I was pretty ticked off, but I let it slide waiting to see what would happen. Nothing happened because their web site sucks. To me, its just a joke that they think so highly of my business that they would try to undermine my company name. Now others are following suit!
I know for a fact that I outsell all of them by nearly 4 to 1 so who cares?
Is it scummy? Sure it is! But there are a lot of scummy people out there and you can't worry about all of them! :)
It is interesting that our competitors behaviour has exactly the opposite effect they might expect. I've met plenty of aggressive sales types to know that they will be thinking that they are getting one over on us. Well, they aren't. If anything they are actually motivating me to work even harder to improve my site & blow them away.
The idea that the competition is worrying more about us, rather than how they can best serve their customers, suites me just fine.