Topic: Can one face competitors in business and still succeed. And how? - page 2. (Read 1185 times)

The surrounding environment should also be a concern for today's businessmen even though the environment is not the only target for every businessman in seeking more sales targets. But every environment should not be ignored by all businessmen because as long as they can still market their products into the environment, of course it should be their concern even though businessmen will also continue to make adjustments to current trends in terms of creating a wider marketing level so that they can continue to compete with any competitor.

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.

that's right friend, in my neighborhood there are many rice shops of course they set prices that are not much different and also vary in price according to the quality of the rice itself. The interesting thing is that here there is a grocery store that sets prices lower than other stores and this makes the store more crowded than other stores, from here I think that if the problem is about the economy or groceries, it seems that there is a slight difference in price, many people will chase it, especially housewives.

In addition, even though shops like this get a relatively smaller profit than other stores, I think it's not a problem because as long as the goods are sold every day, it's a good thing too, with this they will think about providing a larger stock because they know that shops like this are the most sought after by the community in terms of economy. The owner of a company or shop must be able to think about how to attract the interest of his customers and this is one way that can be done and make many people interested and become regular customers. When they have become customers, when they are disappointed, they will probably still stick around, but if they have been disappointed many times, maybe that could make them go looking for another shop.

Quite interesting topic. First, I want you to understand that it is a human nature to envy others especially when they are doing well, but how you control or manage that envy matters. You have to understand that the person who choose to move to your business location and offer similar service feels that he/she can offer a better service to outsmart yours, and I believe you know that anyone who offers a better service gets more attention.


Now, even though I'm not a marketer or business expert, I might want to share my own opinion from the consumer/buyers aspect because I think it matters.
You have to understand that what consumers needs is a product that they can trust, and a trust product must come from a genuine or unique dealer. You have to be different. You have to offer a unique service. I have purchased products from people and end up regretting it. And when a consumer regrets purchasing a product, I bet you that he/she will never go there again.

And one other thing is, try as much as possible not to make mistakes. Mistakes like looking down or not giving attention to customers can give upper hand to your competitor. Some mistakes can even drag a business down forever.

You don't have to feel threatened. Just see it as a competition. I guess you haven't heard of stories of companies like Nike and others, or the massive competition between coca cola and Pepsi. These are companies that where able to compete so well. Just do your thing.

When facing competition in business and being successful, the first thing you need to do is prioritize service and communication because both are one of the weapons to increase success in business.

In the midst of increasingly tight business competition, price competition will also occur. However, if you have a quality guarantee (value) that is not the same as them even though the product is the same. However, if you have good service and communication, it will be an added value, sometimes the price we sell is a little expensive, it will not be a problem for buyers.

As a seller, you definitely like to attract potential buyers with simple offers plus providing detailed product information. That way, customers can understand and your target is achieved. Whoever comes to you, try to get him to buy your goods, don't let him fail to buy. Even though your price difference is more expensive, even though the price difference is not much different. However, if you have good marketing knowledge, your business will grow even more in the midst of the same business competition.

In terms of maintaining customer satisfaction, of course, every businessman will continue to innovate in order to maintain customer satisfaction and also attract the interest of every new customer so that their business can continue to run well, related to rice, of course we must have good quality to sell so that after people buy it they are not disappointed with the rice we sell because if someone is disappointed with the quality of the rice they buy, of course they will tell other people and this will certainly make our business no longer able to grow and even have to close it because there are no more enthusiasts.

Maintaining the supply of goods so that it is always available is indeed a challenge for every businessman, but when they can ensure that stock is always there in any condition, of course it will make everyone subscribe to them and this will certainly make it very easy for them to find the needs they need without having to bother even though other places do not have stock.

If you are creating a satisfaction, it shouldn't be something that will get tired of people and it should be something they need all the time. For example, there is no alternative to rice, it's one of the most consumed cereals around the world and now imagine your customer that eat it every Sunday, they will always patronize you no matter how cost it has become or how scares it is since it's a food they can't do without even if there is high demand with increased price, they Wil buy it.

Make sure it's economically not challenging, if the supply becomes too high, there is going to be few available goods for people to buy and it will stop your business to progress. Such situations, you can't make money unless there is supply around you. Don't allow your business to be restricted by such, the supply should be something you can get anywhere any time.

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.

That may happen in some places but in other conditions when there is competition that occurs in business matters, of course, it is a very natural thing and does not need to be considered as a thing that is considered to be a real problem when we do business well.
Because in the end before starting to talk about competition, of course the focus in doing business or business is back to ourselves whether in the end we are able or not to establish ourselves in that position (as a businessman). Because in the end when we talk about business, it is certain that our mentality must be really strong to face anything including trade competition. Indeed, in this case when we lose the competition, the risk of destruction may exist but in the end when we establish ourselves, for example when you make a shop to sell medicine or whatever, we must certainly establish ourselves with service and of course quality because in the end, although everything is left to consumers when talking about competition, in this case they will definitely choose what they are comfortable with and think is worth visiting. Because in the end business competition is inevitable, we must at least make ourselves worthy of being able to compete better than competitors.

This is the difference between B2B business and B2C business. If you are doing B2B then it doesn't matter where you are and who opens a shop near you, but obviously he is a B2C shop and that means he is going to have hard time. Think of a place where it's the only shop of it's kind, and people love it, then we would just have people lining out of the shop, it would be crowded and everyone would wait and this shop would take them as customer slow by slow.

But if there is another one, those extra people would just go there, why wait? This is just one example and we need to remember we are going to see this very complicated situation as something to handle as it goes by, we can't know what to do from a forum post, so it will take a time to get this used to it.

As a business owner you have to accept that you will face intense competition if you are successful and able to make a lot of money. There's a few ways you can try to protect yourself, like using trademarks or patents to defend unique products or processes that you invented. If you're a website owner or do things like manufacturing artwork, then you should probably seek to defend your copyrighted works as well. Sometimes your brand reputation can be the distinguishing factor or a specific location can give you a slight advantage that will make you profitable compared to other people. It can be a good thing though, because failure to innovate can cause you to stagnate and having to deal with competition should revitalize any business.

When you start a business, you should plan to do something different from other stores and attract consumers. Businesses that do the same job in the same way cannot be different from each other and expectations are usually not met. There are many things that will make it easier for a business to compete and to provide these conditions, research should be done before starting a business and should not be rushed.

Today, many ways to make money have emerged. While opening a store used to provide some advantages, things have become more difficult now. Business owners may have difficulty in situations such as workplace rent or lack of expected sales. Not everyone can do business online or prefers it, but today things have become different and it is necessary to keep up with the times.

Competition is good for your business, it drives development forward. One of the reasons why plan economy does not work(communism) is because there are no competitors when the government owns all the businesses. Why would you bother to bother and to improve your products and services when everybody has to buy from you anyway?

When you have competition you have to move forward to win marketshare and to survice. Thats makes the products and services better. Not only is it good for your business, but is it also good for society as a whole. Everybody will benefit from constantly improved products and services. That is the main reason to why free economies does not want monopoly situations. It is not good for the society, and at the end not good for the business either.

You have to like your competition, thats the way how to deal with it.

Do not consider just the places around you, in this day and age starting a shop doesn't make sense to me, starting an online business feels better. I have a friend who sells shirts, the most common and boring job anyone can ever do, there are million other places, and yet he makes money.

Well he did used AI to make designs, and he used some company that does "print to order" as well, he did checked out some examples, but seemed good enough quality, was terrible after 10+ washes, but still it was good enough for the price. So he did basically just upload his images that AI did, and he did marketing, that's it.

I believe online is where the small shop owners should go, starting a brick and mortar business isn't really acceptable these days and doesn't make sense, costs a lot and upfront capital requirement doesn't worth the income you are going to make. You can start an online business for like 100 bucks, and you could make that go very well, you just need some exposure that's it.

Recently the woman that sells table water at a lesser price in my neighborhood actually sell out than other competitors. And, I'm wondering why they've not thought about reducing their prices, recently the cheaper seller is gradually lifting up her prices after purchasing a new stock.

Hence, whatever a product is sold at, depends on the cost of material used in producing the stock. And nothing would stop a business from selling higher than they've spent in building a specific service. Hence, you are right, but in times of promo or competition cutting costs helps in reaching new buyers.

In order to stay competitive and become close to success, know how to elevate your business and make new developments every now and then. Stay connected to your customers and let your business stand out from the rest. I know that wouldn’t be easy but for sure there’s always a way. Patience and resilience are the keys. Don’t settle for less, but always go for the best, not just for yourself, but most likely for the satisfaction of your dear customers.

It's all depends on the line of business that you are into. There are types of businesses that have settings and spacing, and such need to be respected. If it's a business, they have associations; you need to check if such is allowed. In my area, there is an approved spacing for medical stores. 
 
But if it's just a regular business where all you need is to strategise your pattern of marketing and make sure that you retain the customer you already have sometimes won't even leave you unless you were not treating them right, that's when your competitor will buy them over.

If you think establishing an existing business seems like competition, then you are not ready, and you will find it very difficult to start up a business because there is no business idea you will think of that no one is doing already, and any business you think you want to start has already been in existence before. Any business you want to do, just look for a good location and start it up. The reason for the best location is to know if there is not much of the same business you want to start there, so establishing a business should be a competition unless you see it as competition.


I don’t know if you want to sell at lost, but to be sincere, when you are in this type of place, they almost always sell at the same price, especially if they both have something in the same place. You know everybody sells based on how they bought it from a company or store that is bigger than their own, so if you think lowering your own price will help you, what if, regardless of how low your own price is, you will sell at lost? The thing is, just look for where the same business as your own is not too much and open your own store.

Nowadays, most people become great business men or women because of the competitors they have around them. Without competitors, they might hardly become successful in their business. Competitors always bring more seriousness in different ways, not only in the business aspect. When people have competitors, they often become more serious about their lives.

I know a businessman who owns a provisions store near our house. It was the only provisions store in the area, so he was less serious; sometimes, he wouldn't come to the store on time, and even if some items ran out, he wouldn’t be in a hurry to restock. However, when other provisions stores started opening in the area, he became more serious, and he even went on to open a supermarket. Having competitors can motivate people to become serious and succeed in life.

People basically set the price of what they sell based on the amount they bought it, so you can't advice a business owner to consider reducing the price of things they sell just to attract customers in an area where there are competitors doing same business because if they should do that they might run into losses, the only advice you can give is that they shouldn't fix the price of their products too high such that customers might begin to make comparison between the competitors in that region though sometimes what matters in a business is the quality of the things you sell, if they are of good qualities customers won't mind even coming from distant places just to patronize you without minding the price.