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Why you should learn from your competitors
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[QUOTE="Shaf, post: 272781, member: 25467"] I think this is one of the most underestimated ways of building a successful business. Whichever stage your business is in and whatever you want to know, you can find out what works and the mistakes to avoid by observing and studying your competition. A good way to use competition to your advantage is to stand out. If you do something that is different from the norm, you can get more attention and more sales. You can also focus on solving issues that customers have with the competition. This can serve as an excellent selling point for you. Sometimes competitors cam even work together to achieve common goals. Trade unions and groups that serve the best interest of your niche can help in dealing with unfavorable government policies, can help in sourcing raw materials cheap or setting the selling price such that it benefits everyone. This is where you go to if you have any problems related to yirn business. [/QUOTE]
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Why you should learn from your competitors
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