Topic: Can one face competitors in business and still succeed. And how? - page 3. (Read 1203 times)

We can call it creative or innovative in a product or service so that we have different characteristics from the products we sell, so competition will definitely exist but how we compete in this huge market, of course, has good service and quality For our consumers, it will give a plus to a product or service that we sell.

In unique marketing also becomes very important, therefore some people must be good at doing marketing because it will be a first impression for potential customers.

Competitor can effort on your business but it can also improve your performance. If you are doing small business,you want no competitor in the market because it will damage your empire and we will get the share in market . But one should not focus on that thing because God will help us by many ways and every person will get his income according to his luck . But we should not jealous by anybody and we should pray for the person who are our competitor then we will be successful one day.Hard work in very important but you should choose that field in  which market is not saturated because after saturation your success chances will be very low.

That shouldn't be your problem if someone else decided to do the same business with you, maybe to share your customers and to make sure that they too are making profits just like you do. Business is all about using the right strategy to get more customers for your business so that you can continue making profits while trying your best that you gather more customers. Business is all about competition and if you are not ready for the competition then you should not think about doing business at all because you will always see people that want to do the same business with you so they can take your customers, that is if you are not a good entrepreneur with diverse ways of keeping your customers and making sure that they always come back.

I bet we are not the first to be on the business that we create, so we are also a competitor to others. We have no rights to complain. In a business, there must also be a thing called as "secret recipe" and as its name implies, no one can't know it, so just let them replicate your business but they will still have a hard time figuring out on how to actually succeed and have a status like yours. There is no need for you to worry about. Having a significant results takes time anyway, so those who will stick on the process are only the ones who are deserving for it.

If we are already on the top of the chain then there is no need anymore for us to fight back but it was our competitors which are below us are the ones who might do it. Also, fighting is wrong and all of us only have the same goal which is to earn so why can't we just treat each other well? I remember there is a term called healthy competition but I don't think it is like that as that seems contradictory since there is still a word "compete" there.

Lowering our price for no reason is hard. I know people likes it but we also need to think of our selves in order for us to sustain our businesses. Maybe we can only lower our price for those stocks who are about to expire and then we can give special discounts to our loyal customers. Oh wait, I think there is also if there are special occasions.

While I agree everyone has the right to start any business as long as it's legal, I also think this would drop the value for both places at the same time. I mean if there is a very successful shop near me, I wouldn't consider starting another one just near them, because that would mean while I would get some of their customers and make some money, I would never fully reach my potential as long as they exist and they are the first ones there so I will always be second fiddle unless somehow I prove I am better than them eventually, and that would not happen right away, would take time to convince everyone I am better.

This isn't a smart business move, you should be doing it at some place else. However, I agree with the logic that they are allowed to do it, they are stupid to do it but they are not doing anything illegal, they can rent out 10 shops around that shop and do the same business with all 10 if they want to, there is nothing illegal about that.

It's not all the time bro, there's this super market in my area, I was once there customer but what stopped me from buying things there is because I have bought bad provision from there twice, I didn't bother to make complain.


It does, maybe not for every business but it does really Matter. You will not realize it until you have a business where your customers are already expecting you to be out early so that they can fill their needs urgently but instead, you are resuming by the time they have already fill their needs through an alternative.

That's why you need to add uniqueness to your business or brand, there are definitely going to be competitions but you must think of how to do things differently from others. A lot people are reluctant to start up the business they want because they think succeeding would be difficult due to competition, this is why I made mention of uniqueness in the first place, even if you are doing the same business that a lot of people are into you look out for things that are lacking and meet those needs. It would be hard to succeed if you are just doing regular things.

All you need to do to succeed among the competitors in the area, is to be more close to any customers that come to your store to buy goods, try to study the price they are giving to buyers in that area to know how to fix your price to have more customers because customers use to consider price and quality of the product when buying the products, and if your price is cheaper than other sellers in that area and your product is good, you will definitely going to make progress in that area. If you have the knowledge of the business, you don't need to be afraid of the competitors because the knowledge you have concerning the business, it will lead you to do what will make you to continue succeeding among the competitors without you experience losses in your business.

Yes, a business owner that knows what they are doing will never allow their business to lose its customer. You know, some people are just doing business because they saw others doing it and when they are faced with some challenges, they don't know how to escape and it can even cause them to go off business or lose many customers to competitors.

Sometimes I accept to buy goods at stores with higher prices for some reasons such as warranty policy, customer care style, especially the product quality is always guaranteed...So, whether a store opens early or late, sells at a cheaper price or constantly discounts...does not necessarily help your business compete with competitors.

Overall, business is not simple and what we need to improve to attract and retain customers depends on the needs of the customers. So what we need to do is listen to our customers, see what they want and need, and then find ways to satisfy them.

In business, sell what customers need, don't sell what we have but not what customers need.

it is the right thing to do good ways to attract customers, so that the form to continue to advance in business even though there are many competitors is something challenging for now, cleverly managing to find gaps in competitors' weaknesses is an effort that needs to be done in the midst of the tight business world that we are currently living.

We are living in a free, democratic country so assume that whatever you have in mind especially in business aspects, competition will surely arise in time. Most especially if they have seen your business is on the go and the people around are buying what you have, envy will definitely develop that may lead to putting up a business same like yours.

So the challenge here is who will survive and make the most of the demand in the long run despite of the close competition in the neighborhood. The solution is simple, create your own brand and make it unique. Make sure that your business will outstand others in the line from good customer service down to competitive and affordable price range. If you can manage to make your business grow and competitive throughout the years, success will surely await in the end.

Your competitors will still copy the strategy that you're using when you begin to see success with the strategy and they're not seeing success. Your competition are always watching you to see what you're doing that they're yet to do to steal your customers. There isn't much thing you can do to stop your competitors from copying you but you can work on your customer service and satisfy your customer that they won't have to go to your competitors to buy things. They might be selling theirs cheaper but if you keep your customers satisfied, they'll always patronize you and not your competitors. Customers want to be treated right always and they'll prefer where they're treated with respect than disrespect. Your business can survive any conditions or problems but it won't survive when their are bad reviews from you customers and they get to tell their friends to not patronized you.

In business this is not envy but competition. I know you will be surprised, but you need to know that as a businessman you need to have that in mind that they most be a competition, so now is let for both of you to create different strategies that will help you to accumulate more customers and have more sells than the other. This will help you to have more experience on the business you are into, and you will not be so weak but more focused on many other strategies like reducing the price a bit from his and get more patronage, or selling more good and efficient products, and also advertising your product in the best way to attract your customers.

So now you have to change the perspective that you have an enemy that is envying you to you have a rival that will go on a competition with you that will arouse your intrest to create more wey in other to get what you really wanted.

The trick is to keep growing, not keep getting "better". Meaning, OP has a shop, and someone opens another shop similar right near, the trick shouldn't be just go and make your shop better, the trick should be start another shop another place. Ideally, you should be making enough profit from this location to get enough for a capital at another place, along with debt.

For example, if you do not own this place, then try to own the place, pay 20% upfront, and rest in loans and that way you grow, if you already own this place, then get another place and pay 20% and get the rest in loans. This means, two place paying just one place mortgage, and should be fine for you. Growing and not staying still is the way to go in any business, if you keep being what you are, then someone bigger will come in, spend more money, and destroy you eventually.

You always need to see what your competitors are doing so you know where you will improve or adjust your services. Because like it or not, people will always look for better and cheaper goods or services as well as how they are being treated as customers.
As a business owner, you need to make sure that you are covering angles that your competitor has not seen or taken care of. Because that will be your advantage to earn more profits and get more loyal customers.

Sometimes competition is good for business, imagine if that neighbour of yours is selling below standard items and people keep walking out of the business premises without having to buy anything...then guess who benefits from all these potential sells...you!!

Also competition makes one to think outside the box to attract customers, so don't see this has a bad development... It might actually benefit you one way or another..for as long as there is a healthy population where you are then you will enjoy the benefits.
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Well, you just have to look for what your competitors are not doing very well, then you perfect it. If maybe your competitors opens their company by 10AM, you should resume earlier, if their price is less expensive than yours, you need to also bring down your price, keep your business environment very clean and hygienic and don't be rude to customers, give discount most of the time and give your customers a warm good bye, then ask them to come again next time.

Having competitors is what most of us needs to be able to drive your business further because of their is no competition then you will not know the value of how important your business is and no matter what their will
Be competitor because even in the crypto market, their is a lot of competition out their and one of the short comings is competition if you are not able to manage your business well, then at the end of the day you won't be able to do nothing but to re arrange your plans business deals with brains, you have to be willing to do a lot of survey and data analysis if the business is going well or not. And how you are friendly with people matters in your business is a lot because their are people that are not friendly at all, when it comes to rendering services to people . Customers are very important, with them you won't be able to do the important things.

Spot on, i don't like monopoly, it affects how a business runs its activities, you might not know it, but if you have monopoly in a particular area, there is a high chance of it affecting your customer service negatively. If you know there are other businesses also trying to beat you, it makes you innovative and you strive to do better, it is good for business and also for customers too.