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How do you compete favourably in business?

ahmedo24

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#1
It is no doubt that all businesses do have competitors, so it requires lots of creativity to survive in businesses where there are lots of competitors. What are the strategies do you think one can adopt to stay fit in a business?
 

Gabbar

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#2
I think it's tough to cope with more competition and more so when you are new but providing quality products at a lower price than the competitors and proper advertising of the products can help.
 
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#3
Competing favourably needs one to be unique and creative so as to be ahead of competition. One must always research to find out what customers really want and try to implement them. Must provide top notch services and get to listen to complains from customers.
 

ahmedo24

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#4
Yeah, that is more reason why i believe the power of sales of every company lies in the hands of the company's marketer cos they have direct access to the customers which enable them to know the lapses,then make recommendations for amendments
 

bendahara

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#5
It is no doubt that all businesses do have competitors, so it requires lots of creativity to survive in businesses where there are lots of competitors. What are the strategies do you think one can adopt to stay fit in a business?
In the past, As I am running business, we work very much on relationship. Our key strength when in business is about relationship. Especially when we have many competitors, the best thing that separate us from competition are relationship building.
 

Gabbar

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#6
Competition is very much important as most of the times it extracts the best out of us and this is the best situation that we can hope to see.

We should have different strategies for to compete with our competitors.
 

moh254

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#7
By coming up with unique products unlike what your competitors have and try reducing your prices so that you can get many customers. Run the business in your own way not what others do.
 

Gabbar

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#8
That's a very good option and that's why these days most companies have an R and D cell to keep improving all the time and to provide the best quality products to consumers.
 

johnywalker

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#9
Growth hacking is the best technique to compete favorably in business. Growth hacking means analyzing different areas of your business such as product development, market, sales etc. to increase your business performance.
 

chameli

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#10
The best way to compete favorably in business is through competitor analysis. You need to find out who your competitors are, what they are doing to generate sales. If you can learn the strategies of your competitor you cab learn from their success as well as failures.
 
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