Dealing with business competitors and how to beat your competition!
For more on dealing with competition and starting a business, take my business course:
https://www.udemy.com/how-to-start-a-business-go-from-business-idea-to-a-business/?couponCode=yFor more business tutorials like this one on how to deal with and beat your business competitors, try my business apps:
http://www.problemio.comIn this video I explain how to deal with the competitors of your business. Every business has competitors. If your business does not have competitors, very likely that is a mis-perception on your part or a bad sign.
In fact, most of the time, it is better for you to have competitors than to not have any. If your business does not have any competitors, then your business may be in a market which does not actually exist since there are no businesses there. There may also be no customers there.
For more business tips and advice, please check out my mobile apps at
http://www.problemio.comFor more resources on how to deal with your business competitors, take a look at this article on how to beat your business competitors from Mashable:
http://mashable.com/2012/04/14/business-beat-competitors/I want to point out one detail that is very fascinating. Most "smart business people" will suggest that you should never compete on price. And I like to agree with that. But at the same time, in any business environment that has many business competitors, price competition in nearly inevitable, and at some point there is a race to lower prices with the first company to offer the best and cheapest solution winning the market. So the strategy for beating your business competition is quite complex and often requires quite a bit of savvy.
As an aside, here is my approach to how I beat my business competition. I work really hard at it. I respect my competition, but I am relentless and I don't give up until I win. Mind you, there are some instances when I don't win. You always have to think about how much of your resources will it take to beat your competition. And is what you win worth the trouble.
Please check out my business books. Here is my book on starting a business which has a section that talks about dealing with your business competition:
http://www.amazon.com/Get-Business-Ideas-Start-ebook/dp/B00HZUVAUMBook with fundraising strategies to raise money:
http://www.amazon.com/10-Fundraising-Ideas-Strategies-strategies-ebook/dp/B00KADT0Q2/Facebook marketing book:
http://www.amazon.com/Facebook-Marketing-Business-Expect-Promoting-ebook/dp/B00LMGPDIKMarketing strategies book so you can beat your competition by getting more clients than them:
http://www.amazon.com/Marketing-Strategies-People-Problemio-business-ebook/dp/B00IG83T7E/Mobile app marketing book:
http://www.amazon.com/Mobile-App-Marketing-thousands-downloads-ebook/dp/B00LTGV1NO/Freemium business model
https://www.youtube.com/watch?v=8IqWwNLHIsUBusiness plan course
https://www.youtube.com/watch?v=i19XAhb0-BMWhat is a business plan
https://www.youtube.com/watch?v=T63QsuNIwZAWhat is a business model:
https://www.youtube.com/watch?v=dsUz6lfXCkEWhat is KPI and how to use it in your business:
https://www.youtube.com/watch?v=fx1x33DKmGcDo you need a business plan?
https://www.youtube.com/watch?v=0kYxzkx6JJIHow to price your product?
https://www.youtube.com/watch?v=qN5No7ON5o0The lean startup methodology by Eric Ries:
https://www.youtube.com/watch?v=HYXTXHteY8QSteve Blank's customer development theory:
https://www.youtube.com/watch?v=_lkRDM8yXxUHow to make money from a blog:
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