What differentiates my product from the competition?

[Afrinish]

differentiate your product by offering a bonus. If you'd like to make your product stand out among your competitors, you might try adding to your offer. It doesn't have to eat up your profit margin, but your bonus product simply adds a little extra value to your primary product.

 

[Blessingedidiong]

Factors that differentiates your business from your competitors' are numerous. The packaging of your product does the differentiation. The quality of your product is another factor. The price of your product also does the differentiation.

 

[Jimmie150]

Various factors can distinguish your products from cimoetitors. As a business man your product need to stand out tall in the face of adversity, also you should and concerned about customers quality and specifications.

 

[Sotherefore]

Your products can be different from that of your competitor if you have a good marketing skill and if you make your product as quality as possible with these people will know the genuiness of your company and will always come there to patronize you when they are in need of you.

 

[Sunny cent]

Be innovative: By creating something new. It can be risk and unpredictable but also the smart way to different yourself. To be able to stand out in the crowd you must be presentable.
Provide the best customer service by attracting new customers, do not underestimate the effect of the word of mouth, not just customer satisfaction, retention and addition sales
Highlight your customer reviews are unique and no business can steal or take them from you.
Use attractive human impressions consciously because it make deeper or longer lasting impressions than words. Distinguish yourself from your competitors visually.
Find a good way to address and solve the solution of your consumers, mapping out the challenges your respondent's faces and satisfying, solving the problems. This will make you stand out in the crowd among others.
Find a unique selling point to different yourself from competitors, you have to play a strength your competitors do not have?

 

[sam386150]

What what differentiates your product from competitors are the nature of your goods and service, your business name, even the logos that bears your business, the price of your products.

 

[Mostee501]

After engaging in serious business market surveys,your products should be well packaged and it should be of high quality and with a good customer service relationship with clients,will make your products stand out.

 

[Kennysplash]

This is a very important question we need to ask ourselves as enterpreneurs. Do we have something that differentiate us from other competitors? This will make our business stand out and be sought after by many customers.

 

[Mahnoor]

Use price as a distinguishing factor.​

Using price to distinguish yourself doesn't always mean offering the lowest price.

Your prices should be competitive, but a race to the bottom doesn't benefit anyone. You may even consider higher prices in exchange for offering a higher quality product than the competition.

 

[Victor001]

Everything have to do with comprehension and keeping up upper hand—come from the playbook of Michael Porter, teacher at Harvard Business School and renowned corporate tactician.

Having a preferred position implies conveying more an incentive than your rivals do, as lower costs (Wal-Mart), better plan (Apple), moment satisfaction (Google), or some other substantial advantage. In the event that somebody reveals to you his organization has no opposition, that individual is 1) guileless, 2) dumb, or 3) crazy.

That is why,while your item may sell, what you think makes it uncommon may have little to do with what clients really desire. Misdiagnosing that confuse can prompt a wide range of terrible key choices.

The fact is you cant do business successfully without competition, nobody is a monopoly of a given products.that been settled you can only improvise your marketting strategies to beat your competitors, you can add services like home deliveries, bulk purchases and online packagea.

 

[nasiusman95]

Using price to distinguish yourself doesn't always mean offering the lowest price. ... Your prices should be competitive, but a race to the bottom doesn't benefit anyone. You may even consider higher prices in exchange for offering a higher quality product than the competition

 

[Neta Sam(Samuel Odunlade)]

You need a powerful BRANDING strategy and a market survey and do the following; the first thing is what is your purpose of starting a business, who are your target audience, are they youth or adult or children are the closer, that is proximity, is your market far from the or close to them? You need to consider he market structure, you also need to consider your competitors are they giving out the same products with the same price check those things out
To gain back lost customers, you must understand why you loose them in the first place, what customers ask themselves Is; Is your products Solving my problem? Am I deriving utility for his product? Then get feedback from them, hear there Testimonies and complains, here there suggestions, and work on it, you can also do incentives, give out some products for free, you may need to contact them aswell, improve your products to compete with competitors aswell

 

[Cissé]

What makes your different from competition, the first thing is the way you brand your product, the way you make people to be aware of your product, mode of advertising and the quality of your product and how you also relate with the consumer.

 

[Olubayo12]

Everything have to do with comprehension and keeping up upper hand—come from the playbook of Michael Porter, teacher at Harvard Business School and renowned corporate tactician.

Having a preferred position implies conveying more an incentive than your rivals do, as lower costs (Wal-Mart), better plan (Apple), moment satisfaction (Google), or some other substantial advantage. In the event that somebody reveals to you his organization has no opposition, that individual is 1) guileless, 2) dumb, or 3) crazy.

That is why,while your item may sell, what you think makes it uncommon may have little to do with what clients really desire. Misdiagnosing that confuse can prompt a wide range of terrible key choices.

You have to be good at branding and packaging and make sure that you produce quality goods and also make sure that you do not engage yourself in the making of excess profit... The customers will be the ones to see your products and stick to you by themselves.

 

[Onachukwu]

One important benefit of competition is a boost to innovation. Competition among companies can spur the invention of new or better products, or more efficient processes. ... Competition also can help businesses identify consumers' needs—and then develop new products or services to meet them

 

[QalabDogar1906]

There are various factors that tell your products from your competition. Branding is top of the list. What do you offer and how do you brand it to look different from your competition. How do you drive sales, what is your niche over others and what brand statement do you make are some other factors.
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There are various factors that tell your products from your competition. Branding is top of the list. What do you offer and how do you brand it to look different from your competition. How do you drive sales, what is your niche over others and what brand statement do you make are some other factors.

Yes , in the compitition everything tells about your product. The quality of your product bring your product at the top in the competition. In compitition your product has its own grace and show. I also suggest you to do that kind of compitition.

 

[Atiqurrehman]

Your commodity can be differentiated by providing a bonus. If you want to make your product stand out from your rivals, you might try adding it to your bid. Your profit margin doesn't have to be eaten up, but your bonus product actually adds a little added value to your primary product.

 

[Adexgrace]

If your product have standard quality and your customers are satisfied with services rendered to them i am sure your are one step ahead of your competitors.
Like i wilk always say competition makes one not to relent.

 

[Adebola]

You can differentiate your product by branding​

Branding is not a guarantee for increased sales. You can hire the best graphic designer, but if you put the greatest logo on a shoddy product, you won’t go far.

However, if you realize that your product is essentially the same as your competitor, you might be able to gain the upper hand with better branding. What’s inside the cup may be the same, but you can decorate the cup better.

 

[ibaad]

These days, a number of businesses have entered the industry to reach out to consumers through various platforms. Hence it is important to understand the structure of the operations you want to use when starting your own online and offline business models.