How will you compete with a well known brand?

[Doradorwa]

Hmm.... Struggling with well known brand is not only going to be a financial struggle but mental also bit I do say that creativity always win in business.... Dropping your price is also a head start cos people love good things that are cheap....

 

[Prettyjanie]

In business, there are so many competitors therefore, in other for you to break even, you must carve a niche for yourself this you can do by doing things differently and achieving a better result. You try to make you product look better than the other, by way of having great marketing skill.
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In business, there are so many competitors therefore, in other for you to break even, you must carve a niche for yourself this you can do by doing things differently and achieving a better result. You try to make you product look better than the other, by way of having great marketing skill.

 

[tyrim88]

Competing with a well known brand can be a huge task to surmount.But it depend on your line of business, whether product or services,if you want to leverage on price,you can't compete that way.Make your price as per as it could be,and concentrate on offering efficient service and have a personal relationship with the client. Because clients always remember how they feel when they have used your product.

 

[Greatguy1]

The most effective way to compete with a well-known brand is to be very hard-working. A well-known brand is already miles ahead of you, so you need work hard to up your game and produced a very highly competitive superior product that will entice consumers and introduce them to a new dimension that they never dreamt of. The beginning will be rough but with time you carve a niche for yourself and create your market share.

 

[Sarfraz Ali123]

If you’re looking for ways on how to compete with big brands, this has got to be one of the best strategies small businesses use to go about it. Large-scale corporations invest their time and energy into generating a high volume of sales with fairly marginal profits. What they’re typically not doing is providing quality customer service because, to put it bluntly, they don’t have to.

 

[Maliha]

Well nowadays every business is in competition with the other business And every enterpruener is in competition with the other because Business is all about competition Because if you are not competing with them at least you should be With the same level At which they are You can adapt some strategies To compete with the other business man By producing quality product or services Aur by managing it very well Also by taking some feedback from others Are from customers or clients So that we can improve your work Through feedback Also you can adapt some marketing strategies to promote your business in those Areas where Other business men are not considering it

 

[chicnthin]

I think it's best to not think about competing with a known brand but just make your own brand known too you can offer your product for the cheaper price that's your only chance.. because if you try to compete with the same price rest assured that consumers are going for the known brand.

You have a good point. Sometimes even if there is a tight competition, it is better not too worry about it too much and just do the very best you could offer. You only have to be smart with your moves to make it at your advantage, or at least to be in the same level as the competitor.

 

[Emma Aneni]

New brands shouldn't contend with acclaimed existing brands in light of the fact that those brands have fabricated their after for quite a long time and most likely have the financial plan expected to remain on top

 

[Zamaney]

One of the first steps that every business owner should take when establishing their company is to study the competition. Knowing how your prosperous competitors operate will shed light on industry trends and standards, which in turn makes it easier for you to know how to price your services, what marketing strategies work best in your industry, and so on.

 

[Talibhussain074]

I agree that it's gonna be hard to compete with a famous brand. Personally, I usually choose a brand that is well known compared to the newly introduced products in the market, just because the former already has a reputation.

Yes, many people like you and me would love to buy the same brand of goods that are generally popular.If we are going to make a product that people have to compare with the brand, then we have to give the quality of the brand at a lower price than the brand.

 

[chicnthin]

Yes, many people like you and me would love to buy the same brand of goods that are generally popular.If we are going to make a product that people have to compare with the brand, then we have to give the quality of the brand at a lower price than the brand.

A cheaper price would definitely help in attracting new customer. I don't think it's price for a new brand to set its price quite expensive. Since they're trying to gain the attention of the public, they should start to price it affordably.

 

[Psalmsavatar]

To compete with a well known brand:
Let your product be of maximum quality.
Embark on intensive advert.
Maintain good customer relations.
Do a regular survey to get feedback from your customers.

 

[Setfragil]

For every new product there is a market for it. Before a company introduce a new brand they must have done a very good market feasibilityy study to know how the brand will perform and how other brands are performing. The brand needs to know their own strength and weakness and the strength and weakness of other brands to know how to present the brand and be accepted.

 

[Adesuwa]

To compete with a well known brand you nee to sit tight and be able to dream big on how to defeat them, and the first thing you need to know is about where the well known brand is lacking or is falling.
So due to that you can use that place to defeat them.

 

[Marissa]

You can compete with a well known brand by doing more than they do for customers. This including customer satisfaction, discounts and even more of advertisement. You can go online to create social media presence too so as to gain popularity.

 

[Mahnoor]

While it will always be a huge challenge to compete against the bigger brands, there are a few steps that a small business can take, which should help, and there are even a few advantages that a smaller business has which can be utilized.
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While it will always be a huge challenge to compete against the bigger brands, there are a few steps that a small business can take, which should help, and there are even a few advantages that a smaller business has which can be utilized.

 

[Kane]

The only way to compete with well known brand is by offering better quality products for a competitive price. Your products must be better quality and the price should be less than than the competitors price. You should also offer faster shipping, if possible offer free shipping.

 

[Cissé]

First thing is to make your own product good even more that the well know brand, advertise and let people know the reason why they have to choose your product ahead of others. Always do your thing in an innovative way.

 

[Ibrahim1]

As for me its not easy to compete with a well known brand because people or customers won't look your side because they getting what they need from them and it's really going to be a very big task for you before you can get such thing but all you have to do is to keep advertising and make your products okay but the moment someone tasted it and confirmed it then you don't have problem again because she or he will be the one advertising it to everybody

 

[adeniji]

All business as a starting point before becoming big and as leading business for upcoming businesses.
A starting business can also with with other standard by making a good strategic business development ideas where by people will have interest of always patronizing.