How to compete favourably with your competitors

[Augusta]

A lot of businesses you might have in mind to start would have been started by others so if the niche isn't really saturated you can still delve in to start your own business. But you need to do the following to excel

Have a unique style of operations

You need to have your own unique style to stand out. To enable you attract new customers

Start with reduced price

Let your price be competitive and a little lower than what your competitors are offering

Stock varieties of products

Have different high quality products in stock.this will make Customers to keep repeating their buy from you

How else can one compete favourably with a competition out there?

 

[sincerem]

When you are innovative enough, you'll always outclass your competitors by creating things different, that is appealing to those customers. Rebranding same products that is owned or marketed by other competitors can give you edge over them. Customers favours eye catching products. If you deal on quality all the time, and affordable you'll also edge past your competitors.

 

[Augusta]

When you are innovative enough, you'll always outclass your competitors by creating things different, that is appealing to those customers. Rebranding same products that is owned or marketed by other competitors can give you edge over them. Customers favours eye catching products. If you deal on quality all the time, and affordable you'll also edge past your competitors.

Yeah the key word there is being innovative. You just have to be creative and unique to capture a lot of people and even take away some customers from your competitors. You always have to stand out and not blend in if you really want to compete favourably. Think out of the box and dare to be very different with your brand

 

[sincerem]

Yeah the key word there is being innovative. You just have to be creative and unique to capture a lot of people and even take away some customers from your competitors. You always have to stand out and not blend in if you really want to compete favourably. Think out of the box and dare to be very different with your brand.

Yes, you spoke well, about waning off competition from other competitors. When you're innovative enough, do what others can't do nor offer in their business initiative that will surely people propel one towards winning over other competitors and drive enough sales that will make you earn reasonable profit and in turn expanding your business in the future to become successful.

 

[Deleted member 28127]

To have your unique style your style must be copyrighted means all products that you are issuing in your library are protected however if your unique style of products is not copyrighted means any competitor can restyle same design for his product and this is not logical that they steal your work because it is not copyrighted.

 

[Wisdom01]

think one best adviceable method if you want to compete is also by offering the customers discount and
improving the branding and packaging domain of your product , it would increase their demand for your product and customers would want to buy your product and you would be able to compete , also check competitors faults and capitalise on it in improving your business too

 

[Lens1000]

If you find yourself in highly competitive business , it will bring out the best in you, because you will always want to do more. If you want to have a egde in an highly competitive business, copy the services rendered by the leading company in your industry and improve on it. Make a better version of the service that you have copied

 

[Sherman198]

You can hardly do anything now that someone else has not been doing....I think it's scarce. Especially setting up a business. Whatever you are selling, you are bound to have competitors. Competition is ubiquitous (everywhere)

Even per adventure, if you are the first to set up one particular kind of business in one place, very soon you will eventually have a competition. But competitors are not bad, it only makes your business more solid if you know what you are doing.

If you want to beat your competitors, do something different!

 

[Wisdom01]

If you find yourself in highly competitive business , it will bring out the best in you, because you will always want to do more. If you want to have a egde in an highly competitive business, copy the services rendered by the leading company in your industry and improve on it. Make a better version of the service that you have copied

Although some companies might file for copyright infringement if any of their service is copied and even improved ,that's why they keep thriving among others because they don't want the competitors to know about the sucess of their product I think the best is just to improve your brand and make it more popular to get more and more demands to your business

 

[Alexandoy]

For a retailing business more variety of products can help. In the small stores in our village the most popular store is the one with the most variety of products. Let's say you need soap and cooking oil and the store only has soap that you have to go to another store for the cooking oil then that would be a hassle. If the store has almost everything that you need then you will be a customer of that store.

 

[Josemendez]

Existing amdist competition is something that is not very easy. One can only be able to survive it if only he devise strategies that are novel in the business, capitalizing on things wanting in the other competitors and improving them in his own.
Being able to have a good customer relationship is also helpful.

 

[Setho]

I am someone who is of the most opinion that you should learn to grab to you a few things from your competitors. There's always that thing that your competitor is doing very well that you are not doing. If you study them very well you can come up with it and then in a receipt and attach it to your own business.

 

[btaliat]

Competition is the key to promote business. Therefore each business owner must find a way of competing favorably with his competitors. To do this, we need to study the weakness of the competitors. This is what we need to improve on. Aside this, we can also try to innovate new ideas to our business.