What Are Your Strategies to Survive Competition in Online Business

[Kane]

eCommerce is growing rapidly, especially after corona pandemic. With the popularity of ecommerce, online business is getting very competitive. What strategies are useful to survive the competition in the market?
As far as I can say, the ecommerce industry is shifting towards custom-made or small-scale produced products as opposed to mass produced products. There is a growing trend of selling recycled or upcycled goods, catering to the environmentally conscious consumer. Organic products are also gaining popularity among consumers. Selling these items will help you stand out.

 

[Grant]

I think you need to adapt to the changes that happen within your line of work. Being able to catch up to the way the world changes is key to staying up to date with your work.

The thing is, competition is good. You want competition, because it makes you better, makes you want to fix what you failed at, which is why competing can help teach us failure but also the ability to learn from said failure and build off of it something good.