Can one face competitors in business and still succeed. And how?

Oluwa-btc

hero member

Activity: 980

Merit: 585

Leading Crypto Sports Betting & Casino Platform

Quote from: MrEazyLife on October 23, 2024, 08:00:01 AM

Please I need ideas to be shared so one can find a solution to problems like this. And others who has intention of going in to business won’t be a problem or look like they’re being a competitor to the already existing business owners. this is the reason for this trend

You need nothing to worry about because competitors are part of business, sometimes I feel if you don't have them in business your business doesn't worth it, and it's just like you're the only one in that business but having competitions helps in giving you determination to do better and take your business to any levels it ought to, so you just need to have best marketing skills to beat up your competitors.

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

Quote from: Alone055 on November 16, 2024, 12:02:07 PM

Even if you are starting a unique business with an idea of your own, there will always be other business owners who will get into the same industry as you over time. Still, they shouldn't be able to offer something you have created better than you. If they do, your business will be at risk.

Profitable niches of the market will always have competitors trying to stand out among every businesses available. That is natural and should be expected by every professionals. The point is that, if you are a skilled professional who offer quality services to your customers, there will be always people willing to buy from you. It's not necessary to be the best professional of the market, but if you manage to be among the 20% of them, you will be already in a good position in the market.

It's important to not waste your energy thinking on your competitors and on how they are going to affect you. Rather, it's better to focus your energy in providing the market the best you can do. Of course, it's easier said than done, but that is something every of us have to try every day diligently.

alastantiger

sr. member

Activity: 728

Merit: 444

Quote from: Alone055 on November 16, 2024, 12:02:07 PM

No matter what business you are into, where your business is located, and what you offer or sell, you will have to be the best version in the field you are in to outplay your competitors. That is the only way to stay in business for longer. Firms with no or less improvements tend to get outrun by other companies that copy their business model but make some changes and improvements to it.

There is always going to be a competition in any business you started, you might be the first individual to start the business in your environment or the world and as it gets popular and start to bring in profits, you're going to attract some other people that'll start your exact business. Some might go as far setting it right opposite yours. There are two types of business people, one is the business owner that'll face a competition and dies off because his business wasn't able to live up to the strength of the competition.

And there's other business owner that will meet a competitor and kills the competition before it kicks off. The second individual didn't joke with his business, he improved it and made it up to standards of the modern world hence he keeps winning.

Alone055

sr. member

Activity: 1260

Merit: 358

Quote from: iBaba on November 16, 2024, 11:32:26 AM

If your wish as a business person is to monopolize the trade business, be rest assure it won't last for long before you are enjoyed by other competitors. Your brand remains local and out of ideas when there are no competitions. Therefore, it is only realistic and okay to expect competitions and be ready for improvements.

Constant improvements are vital to staying afloat in a business field when there is high competition because the world doesn't like outdated stuff anymore. If you want your customers to be your customers, offer them things they can't get from elsewhere because if a competitor does that before you, you will most probably lose them. After all, they won't be interested in outdated products you offer them when they are getting better and up-to-date items from another similar business around the corner.

No matter what business you are into, where your business is located, and what you offer or sell, you will have to be the best version in the field you are in to outplay your competitors. That is the only way to stay in business for longer. Firms with no or less improvements tend to get outrun by other companies that copy their business model but make some changes and improvements to it.

Even if you are starting a unique business with an idea of your own, there will always be other business owners who will get into the same industry as you over time. Still, they shouldn't be able to offer something you have created better than you. If they do, your business will be at risk.

iBaba

sr. member

Activity: 602

Merit: 291

Bitcoin in Niger State💯

Quote from: bitgolden on November 11, 2024, 01:38:42 AM

Yes I agree, having zero competition is the thing that is actually unlikely, I mean nobody would want competition that part is true, but everyone has that right to be your competition, so you shouldn't be really going against this. Doesn't matter if they come in later after you prove a concept, the world is filled with a lot of people who did a job, and everyone did the following.

Even in crypto, we see plenty of projects, like someone did the first ever NFT, then everyone else did it. Competition is not something you can avoid, it will happen and you have to accept it as reality.

We can't just keep expecting to go life without any competition. Just do a better job than them and people would prefer you instead, that's how it works. In liberal worlds, free market means the market will decide on itself, and prices and quality of product will be based on competition, if you ask a lot and offer bad services you will bankrupt, if you are cheap but high quality you will do great.

Smooth words came from your opinion here. Life as an entirety is all about one competition or the other but since we are talking about business here, it is one fundamental aspect of business that makes you strive more for youe business which also brings about more profit and longevity in business in real sense. You may want to ask reasons why I said so, but we tend to improve on our products and services when we have competition in the market. In fact many discoveries in the business world today are as a result of competition.

When you come up with a solution to a problem and you have other businesses populating that idea, it changes you with more energy to curate a more improved variety of the solution you created earlier. This could directly come from you or from your counterparts, that is, those whom you are in the business with. This has made the business landscape evolve overtime.

If your wish as a business person is to monopolize the trade business, be rest assure it won't last for long before you are enjoyed by other competitors. Your brand remains local and out of ideas when there are no competitions. Therefore, it is only realistic and okay to expect competitions and be ready for improvements.

Republikcoin.com

legendary

Activity: 2716

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: ? on November 16, 2024, 03:12:50 AM

Business itself is a competition. What should matter to you is how you handle the situation. As for me,I will advise you to be more open to people who come to buy your goods,make a good rapor with them,create a friendly environment for them. This and some others can still make you successful even though the person is selling the same products or good with you.

In terms of competing in any business field, you must also have a wise enough attitude for every businessman because in addition to having to pursue sales targets from the business they run, they must also be able to collaborate with other partners who can need each other so that they can benefit each other when developing their respective businesses. So competing in anything also requires insight in seeing certain environmental situations and conditions so that every businessman can take good opportunities at certain times.

?

Activity: -

Merit: -

Business itself is a competition. What should matter to you is how you handle the situation. As for me,I will advise you to be more open to people who come to buy your goods,make a good rapor with them,create a friendly environment for them. This and some others can still make you successful even though the person is selling the same products or good with you.

bitgolden

legendary

Activity: 3024

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

Yes I agree, having zero competition is the thing that is actually unlikely, I mean nobody would want competition that part is true, but everyone has that right to be your competition, so you shouldn't be really going against this. Doesn't matter if they come in later after you prove a concept, the world is filled with a lot of people who did a job, and everyone did the following.

Even in crypto, we see plenty of projects, like someone did the first ever NFT, then everyone else did it. Competition is not something you can avoid, it will happen and you have to accept it as reality.

We can't just keep expecting to go life without any competition. Just do a better job than them and people would prefer you instead, that's how it works. In liberal worlds, free market means the market will decide on itself, and prices and quality of product will be based on competition, if you ask a lot and offer bad services you will bankrupt, if you are cheap but high quality you will do great.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: eightdots on November 05, 2024, 01:16:25 PM

Quote from: MrEazyLife on October 23, 2024, 08:00:01 AM

This is something that has really been a burden to me and I need ideas on how to come out of it.
A lot of people out there are also facing same challenges.
You can imagine successful setting up a business in a well suitable location and then just when you think things are getting better and enjoying your peace of mind. You find out that another person gets to set up the same business as yours very much close to you.
If this isn’t envy what else should it be call?
I mean you scouted the place and that is when others wants to buy in to the same idea.
Even if they want to start a business in the se location why the exact business some other person had on going.

Please I need ideas to be shared so one can find a solution to problems like this. And others who has intention of going in to business won’t be a problem or look like they’re being a competitor to the already existing business owners. this is the reason for this trend

Take your customers' suggestions seriously and start developing your business according to these suggestions. Never reduce the quality of your work in order not to lose your customers. There may be many businesses doing the same job as you, but the important thing is to be the workplace that customers will prefer. In order for customers to prefer you, you must have a difference from other businesses both in terms of price and quality.

You really have to exceed the expectations of your customers so that they will go back again and again because of your good services. Of course, the quality of work is also one factor that customers are looking. Just be consistent on what you deliver and then let your work do the talking.

Quote from: eightdots on November 05, 2024, 01:16:25 PM

Competition is always there and you have to constantly improve yourself against competition. Businesses can change over time, but those who have quality and price advantages always win during this change.

Life is a competition itself, so if you have been in this world for many years, you should by now knows how everything works. And so you can apply that in your business as well. So everything right every time and be a visionary, have a good business acumen and stay ahead of your competition by being creative.

eightdots

hero member

Activity: 966

Merit: 764

Quote from: MrEazyLife on October 23, 2024, 08:00:01 AM

This is something that has really been a burden to me and I need ideas on how to come out of it.
A lot of people out there are also facing same challenges.
You can imagine successful setting up a business in a well suitable location and then just when you think things are getting better and enjoying your peace of mind. You find out that another person gets to set up the same business as yours very much close to you.
If this isn’t envy what else should it be call?
I mean you scouted the place and that is when others wants to buy in to the same idea.
Even if they want to start a business in the se location why the exact business some other person had on going.

Please I need ideas to be shared so one can find a solution to problems like this. And others who has intention of going in to business won’t be a problem or look like they’re being a competitor to the already existing business owners. this is the reason for this trend

Take your customers' suggestions seriously and start developing your business according to these suggestions. Never reduce the quality of your work in order not to lose your customers. There may be many businesses doing the same job as you, but the important thing is to be the workplace that customers will prefer. In order for customers to prefer you, you must have a difference from other businesses both in terms of price and quality.

Competition is always there and you have to constantly improve yourself against competition. Businesses can change over time, but those who have quality and price advantages always win during this change.

bitzizzix

sr. member

Activity: 2590

Merit: 452

Enjoy 500% bonus + 70 FS

Quote from: goldkingcoiner on November 05, 2024, 09:04:54 AM

Quote from: MrEazyLife on October 23, 2024, 08:00:01 AM

This is something that has really been a burden to me and I need ideas on how to come out of it.
A lot of people out there are also facing same challenges.
You can imagine successful setting up a business in a well suitable location and then just when you think things are getting better and enjoying your peace of mind. You find out that another person gets to set up the same business as yours very much close to you.
If this isn’t envy what else should it be call?
I mean you scouted the place and that is when others wants to buy in to the same idea.
Even if they want to start a business in the se location why the exact business some other person had on going.

Please I need ideas to be shared so one can find a solution to problems like this. And others who has intention of going in to business won’t be a problem or look like they’re being a competitor to the already existing business owners. this is the reason for this trend

As long as you are the better business, the customers will come to you, regardless of how many similar businesses are placed near you. But you really need to find that one thing that will make you stand out from the other businesses and marketing can take you only so far.

Competition is good for business, it keeps you on your toes and makes sure the customer gets exactly what he/she wants.

Competition in business has become commonplace and you must accept and face it, besides that you must be able to be better than your business competitors and remain the best and maintain the quality of the business you manage and also yourself in terms of friendliness, politeness and also smiling a lot so that your customers are loyal to you.
And most importantly if you feel alienated you can do research by analyzing the strengths and weaknesses of your competitors, market position, strategy and also pricing strategy, and customer service approach and so on that are related to your business. And with all that you will not feel challenged or disturbed by your competitors, because your competitors are the same as you, doing business to make a living and coincidentally their business is the same as yours.

avp2306

sr. member

Activity: 1022

Merit: 363

Quote from: goldkingcoiner on November 05, 2024, 09:04:54 AM

Quote from: MrEazyLife on October 23, 2024, 08:00:01 AM

This is something that has really been a burden to me and I need ideas on how to come out of it.
A lot of people out there are also facing same challenges.
You can imagine successful setting up a business in a well suitable location and then just when you think things are getting better and enjoying your peace of mind. You find out that another person gets to set up the same business as yours very much close to you.
If this isn’t envy what else should it be call?
I mean you scouted the place and that is when others wants to buy in to the same idea.
Even if they want to start a business in the se location why the exact business some other person had on going.

Please I need ideas to be shared so one can find a solution to problems like this. And others who has intention of going in to business won’t be a problem or look like they’re being a competitor to the already existing business owners. this is the reason for this trend

As long as you are the better business, the customers will come to you, regardless of how many similar businesses are placed near you. But you really need to find that one thing that will make you stand out from the other businesses and marketing can take you only so far.

Competition is good for business, it keeps you on your toes and makes sure the customer gets exactly what he/she wants.

Costumer satisfaction is really important since without threating well our costumer for sure we would not became a better business for them. So what we could able to do to overcome our competition is to scout what they are offering to their costumer then offer more than what they can give. For sure that costumers would go to our business if they know that we have lots or more discounted price.

Also we should know that being friendly and have good relation costumer is another recipe for success. Since also there's no people will go to seller if they know that they are bad person. Also for sure there's lots of marketing methods or other things helpful so that we can overcome then succeed to defeat our competitors.

goldkingcoiner

legendary

Activity: 2254

Merit: 2003

A Bitcoiner chooses. A slave obeys.

Quote from: MrEazyLife on October 23, 2024, 08:00:01 AM

This is something that has really been a burden to me and I need ideas on how to come out of it.
A lot of people out there are also facing same challenges.
You can imagine successful setting up a business in a well suitable location and then just when you think things are getting better and enjoying your peace of mind. You find out that another person gets to set up the same business as yours very much close to you.
If this isn’t envy what else should it be call?
I mean you scouted the place and that is when others wants to buy in to the same idea.
Even if they want to start a business in the se location why the exact business some other person had on going.

Please I need ideas to be shared so one can find a solution to problems like this. And others who has intention of going in to business won’t be a problem or look like they’re being a competitor to the already existing business owners. this is the reason for this trend

As long as you are the better business, the customers will come to you, regardless of how many similar businesses are placed near you. But you really need to find that one thing that will make you stand out from the other businesses and marketing can take you only so far.

Competition is good for business, it keeps you on your toes and makes sure the customer gets exactly what he/she wants.

RockBell

sr. member

Activity: 966

Merit: 391

Underestimate- nothing

Quote from: Questat on October 30, 2024, 04:58:17 PM

I have to agree. In order for any business to succeed and prosper, one should always focus on what you can offer and satisfy the customers, because that will create a reason that they will keep coming back to your store regardless of its price and location. If they feel easy and at ease dealing with you, they will surely keep coming back. Aside from price and item quality, customer service makes a very big factor that they'll always patronize your store, even if new competitors will continuously arise in the market.

Their is no business that you want to start that their won't be competitors and every idea is already in the process of establishment, the idea now is that you have to find a way of making people interested in your product it is very important to belief in your self. Because the demand is what you focus on and you have to be able to convince your self to be able to patronize because the demand have to be high and the same time you have to also work on relationship with people because one of the advantages that other people have is people they relate with, the have good customer experience.

And when you have a lot of things in other, so that regardless of your price and location people will still patronize your products, because their products thay have gotten the name and no matter how the price continues to increase people will still buy that is how powerful building a name can be, and they even do a lot of patronage on influencers to make adverts for them.

Starting a business this period is not easy at all and you have to be prepared because this days the economy is not helping a lot of businesses and a lot of them are closing, because of tax and low sales and other factors so only few businesses can survive this harsh periods.

MrEazyLife

newbie

Activity: 0

Merit: 0

With every point given in the comment section and the ideas shared. I’m convinced that competition in business is normal and it helps one step up their business. But what I’m not finding cool is when the said competitor involved goes the extra mile in ruining another competitor’s business by bringing diabolism. It doesn’t make any sense than showing sign of hatred and jealousy

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

I think the most important thing here is to find the niche, if you are providing something you will eventually be able to specialize in specific sectors, so find them and that is what will differentiate you from your competitors.

Like for example, Joint A has good burgers while Joint B has excellent hot dogs - so people visit each joint for a specific product or purpose.

If your sector is not like that you can try giving competitive prices and promotions - but the most important thing is quality and customer satisfaction - you will grow your userbase over long term.

CageMabok

hero member

Activity: 1050

Merit: 844

Quote from: CK485 on November 03, 2024, 05:53:57 AM

Suggestions and input from people are very necessary in running a business and it is very important that way you can see and feel the shortcomings in your business, that way you can fix it quickly. It seems like an effective thing to apply because there are many factors that need to be considered in running a business so that it progresses.

Business people do need to consider suggestions from others regarding the business they are running, but the business owner must also see who is giving the advice. Because if the person giving the advice is someone who has not had any business in his life, of course there is no need to be too busy to hear it because he himself has not done anything in the business sector. But if the person giving the advice is someone who has really succeeded in a business, I think it is a blessing for the person who receives the advice because currently it is very difficult to find advice from successful business people.

CK485

member

Activity: 322

Merit: 22

WOITOKEN Play to Earn NFT Game

Quote from: eightdots on November 02, 2024, 07:58:34 AM

People who do not have knowledge about the market can get an idea by reading or listening to other people's conversations on this subject. The more people comment on such topics, the more ideas will emerge. Ideas help people and make their jobs easier. That's why the things discussed here are really useful.

Customer satisfaction is important for every business because the business wants to have a continuous income. Just making a profit for 1 day, 1 week or 1 month is not enough for the business. Businesses that care about customer satisfaction and customer suggestions are always ahead for the continuity of the business.

Suggestions and input from people are very necessary in running a business and it is very important that way you can see and feel the shortcomings in your business, that way you can fix it quickly. It seems like an effective thing to apply because there are many factors that need to be considered in running a business so that it progresses.

eightdots

hero member

Activity: 966

Merit: 764

Quote from: ultrloa on November 02, 2024, 06:10:05 AM

Quote from: MrEazyLife on November 02, 2024, 03:35:07 AM

It’s really interesting to know that this trend delivers the necessary information and ideas on how one can go about starting up a business regardless of the environment. It’s a very educating.

This topic is really great since to many useful information to learn from. The insights or suggestion given by people is somehow really helpful since a businessman or starter could get an idea on what to do to have better more approach towards their competitors.

And its really great to pay attention on costumer satisfaction since this is how those costumer came back since trust is always important in the business and if a business owner could deliver good towards what people need then for sure that they would never go anywhere and stick to the store where they usually go.

People who do not have knowledge about the market can get an idea by reading or listening to other people's conversations on this subject. The more people comment on such topics, the more ideas will emerge. Ideas help people and make their jobs easier. That's why the things discussed here are really useful.

Customer satisfaction is important for every business because the business wants to have a continuous income. Just making a profit for 1 day, 1 week or 1 month is not enough for the business. Businesses that care about customer satisfaction and customer suggestions are always ahead for the continuity of the business.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: MrEazyLife on November 02, 2024, 03:35:07 AM

It’s really interesting to know that this trend delivers the necessary information and ideas on how one can go about starting up a business regardless of the environment. It’s a very educating.

This topic is really great since to many useful information to learn from. The insights or suggestion given by people is somehow really helpful since a businessman or starter could get an idea on what to do to have better more approach towards their competitors.

And its really great to pay attention on costumer satisfaction since this is how those costumer came back since trust is always important in the business and if a business owner could deliver good towards what people need then for sure that they would never go anywhere and stick to the store where they usually go.

Topic: Can one face competitors in business and still succeed. And how? (Read 1203 times)