Competition in business

[Jlife]

I understand your point. Remember anything that concerns making money online isn't easy at all. You must work hard develop skills to always attract customers to make sales and never mind your competitors success rate.

In fact ,it is even the best for you to follow your competitor positively and understand some of the strategy they have been using to gain the attention of customers and you can apply it with your own, you can't just ignore them like that.

 

[Lens]

Before you venture into a business that is highly competitive. You need to do feasibility study, map out plans to outshine the competitor. Look for ways to solve the problems their products were unable to solve and capitalize on this.

 

[Isaac]

Competition on business helps business owners to improve in their products and services for the good of the society and it also benefits consumers to alternates needs

 

[Alexandoy]

Competition is something that you cant prevent in any business. It might not be good to business owners but it benefits consumers since they can get alternatives of the same product. The business owner should take it as a system of keeping him proactive

You are right. Business competition is good for the consumers because the quality and prices are held in check. In a monopoly the prices are fully controlled by the monopoly.

 

[Chibson]

competition is very good in business and it is also very good for the customers because they will have a wide range of choices.

 

[Setho]

I think that competition in every market is almost inevitable so you should brace yourself for it and try to better your business to keep your customers instead.

 

[gammarays]

You are right. Business competition is good for the consumers because the quality and prices are held in check. In a monopoly the prices are fully controlled by the monopoly.

Yes that's why consumers love competition. Competition is also good for the economy because it gives no space for redundancy. You stand to go out of business if you mess with your products or services.

 

[Ebro01]

If not of competition in business that makes the world more easier for people to get cars, phones and other needed affordable ,it wouldn't have been easy ,in regards to America and China more cheap and affordable thing comes from China because production and conducive environment is available.

 

[Ceeny007]

Competition in business is inevitable, you have to be innovative and give consumers reason to leave others and patronize you

 

[eLdavis]

Competition in business is inevitable, you have to be innovative and give consumers reason to leave others and patronize you

Very true, competition is something that cannot be avoided, for a business to stand out amongs so many other competition, you need to be innovative like You rightly said and also creative.

 

[Good-Person]

Competition is healthy for businesses – it will force you to innovate, staying ahead of the curve.don’t want to back down, but you aren’t sure how to combat competition. Every company deals with this problem, and what success comes down to here is developing a plan that helps you better serve your customers, accurate branding, and supporting your team.

I do not think that competition is always healthy for business because competition DOES have a negative effect on the business no matter how innovative or motivated you are. You do not need competition to stay innovative or motivated but you need to be motivated or innovative to be competitive!

 

[Setho]

No matter what you do you're always bound to feel some kind of competition in business but this is a good thing as it is important that you prepared for them learn from your competition and innovative business.

 

[GIFTMICHAEL]

In fact ,it is even the best for you to follow your competitor positively and understand some of the strategy they have been using to gain the attention of customers and you can apply it with your own, you can't just ignore them like that.

That's it dear. You follow them up, monitor their way of business, like the rate at which they are selling each product, and how they do attract customers. In order to do better and drive your own sales.

 

[Jlife]

That's it dear. You follow them up, monitor their way of business, like the rate at which they are selling each product, and how they do attract customers. In order to do better and drive your own sales.

This will even help you if any time you will become a freelancer, you have to follow up your competitor and understand how they have been writing contests to win gig and so on, it is better to learn from them.

 

[Dowenship]

We all know there can be great rivalry in business. Different companies selling the same product or offering same services. As a person starting up a small scale business in which there are big scale business already in the market, what can be told to be able to win customers to my business. Or do you think I should find another niche of business?

First of all, for you to win a competition, is by priorities your costumers above anything even above your workers and also have a good matketing strategy.

 

[tyrim88]

One thing about competition is that it has a way of making a buiness owner to be on his/her toes,provided the competition is healthy.It will definitly make the business owner to be innovation and be ontop of his game.

 

[Chibson]

Competition is very good and important in business because it gives the room for improvement for the businesses. That is why its neccessary for improvement.

 

[Shigobad20201]

Competition in business world always makes then owner of business to sit down and think about New strategies that wont allow the rival business swallow up his or her business.

I feel when there is competition in business it enables growth to take place because by so doing as a business owner you would be up and doing all the time knowing fully you have rivals that are selling or rendering the same servic

 

[Jsoliu004]

Learning how to invest money might seem scary, but it's easier than you think, and you can start no matter how much you have saved

 

[Bousine123]

Finding another niche is not the right solution my friend. You should try to understand what your competitors are doing that you are failing at. That way you can find effective ways to beat them.