How will you compete with a well known brand?

[M.ASADULLLAH]

we can compete with a well known brand by doing some special efforts i think that majority of the people are not well set they also have the desires i think we have to design something for this society at not very high prices in this way at initial times we can place our self in market after that our brand will become well known and we can compete with brands.

 

[Richard92]

Some business men compete with an existing brand that's already know by producing alike products in different styles or creating a totally different product but in unique way that will draw peoples attention.

 

[Ifective]

If you are coming in as a new business, it might be very difficult to compete with a brand that is already well known and making it in the industry.
Therefore, in order to compete, a business has to have a good business plan strong enough to match already existing competitors
One has to tailor his brand towards the utmost satisfaction of customers

 

[Diamond07]

Competing with a well known brand seem challenging but. It depends on what you want to offer, the credibility and availability. Customer satisfaction is also an important aspect

 

[Judee201]

By creating value. In creating value, you need to identify new customer benefits from customers view, utilizing core competencies from its business domain, and selecting and managing business partners, channels and channel members from its collaborative networks. You must understand what the customer thinks about, wants, does, and worries about and also observe whom the customers admire and interact with and who influences them. In doing these, you are creating a valuable need within the customer which he/she cannot resist. Banking on these will ensure you stay at the top.

 

[Adebayonle7]

A well known or already popular business has gained its reputation & popularity by possibly beating all odds and surpassing all other competitors during its own early days. It means you can only go against them when you also beat their own strategies. You need a plan that will work against them. What you have to do is develop products or render services if not the same as them but in a better way or more reasonable amount. If your price cannot be cheaper, then your must be better. Also, don't make them your enemy and target, rather target the people's hearts. Be able to convince them and make them want to come for you even after knowing another.

 

[Taimoor Jutt]

This too tough to compete brands even impossible . Like I-phone Apple are the best mobile company in the World so far, so many android mobile company try to compete but it is almost impossible to surpass. So if want to conpete other well brand then at leats your brand have 50% of that, then by setting you per month goal you can close to them.

 

[ronaldlorenzo01]

7 Great Ways Your Small Business Can Compete with Big Brands

1. Specialize. The first place to start differentiating yourself is in the products you sell or the services you provide. ...
2. Know Your Customers Personally. ...
3. Capture Contact Information. ...
4. Price Competitively. ...
5. Take Risks. ...
6. Use Tech Tools. ...
7. Partner Up.

 

[Caali]

The one thing everyone gets wrong is, they go head on with an already established brand and get suckes into it.
Its important to remain calm and look back at the vision,mission of the brand. Based on that the smaller company should stick to their instincts and try to develop their model

 

[ranaabubakar263]

The first place to start differentiating yourself is in the products you sell or the services you provide. If you’re a local shop, carry items your customers can’t easily find somewhere else. A local boutique may sell a collection of unique items its owner finds while shopping around with distributors, combined with items made by local artisans or bakers. This not only has the benefit of giving your customers something they can’t get elsewhere, it supports local artists and bankers, pumping money back into the local economy.

 

[Quert]

You can look for something that does not exist on their product, like you will find their weakness or something that their customers is not satisfied of. And then you can put it or addressed these lacking on your own products soo that the customers can see the differences on your products and their products. That way, you can have your advantage.

 

[GIFTMICHAEL]

Our brand should be to solve a problem or fill a vacuum.
We do not set up a business just to make money alone but we do this to fill the need of the general public.
By providing a service higher than the one available people will definitely be attracted to our brand.

 

[Highflyer]

Competing with a well known brand requires a lot of strategic planning as mentioned earlier on this forum. You need experienced hands as your workers, I think you can successfully compete with a well known brand by investing in your branding and advertising.

 

[joy101]

Competing with well known brand require devotion and determination, so to make your products well known to many company, you also need yo have powerful edge to get them yo start using your products.

 

[Snazzy001]

Create your things in a unique manner, and in the best way.
Do them big, and device your own strategy of making them noticeable

 

[Chumzy]

This is always a tough challenge to take up especially if the company has economies. By that I mean that it has economy of scale which gives it a good competitive advantage. Most times you just have to carve a niche and satisfy them the best possible way you can and then grow.

 

[Rashid]

It depends upon how better the other brand which are going to compete, if that brand is way better than it would difficult to compete for you. Let make some easy goals or progress towards that brand and achieve your goals, try to compete product of that brand. By this you will be able to compete them.

 

[Nurudeen]

This is a hard battle to fight especially when the well known brand have won the heart of many customers in the market. The best way to do this is to pitch your own products to the Market, do a good PR for your business both offline and online and I believe with time your own products too will definitely gain momentum

 

[Sotherefore]

The best way you can do that is to try as much as possible to provide the best quality service to the few people who are interested in doing business with him this is how you can build trust from people, with this you can grow up and become a big brand . I think this will really help.

 

[Psalmsavatar]

To compete with a well known brand, one just need to intensify advertisement to reach larger audience. The new product must maintain a great quality. And finally, good customers relation/care will go a long way to help the survival of the new product.