Welcome to my How to Deal with Business Competition blog post. Three Ways To Deal With Business Competition. Now, don’t you just hate competition? Now, if you are just starting out, you are probably competing with companies and businesses that are more established, that have more resources, they have been around longer, or if you are the leader in your sector, in your industry, in your category, chances are you also have new companies coming into your industry trying to take market share from you, trying to take customers from you, right? They offer different types of products. In business, we cannot avoid it.
We are dealing with competition every day. So today I want to share with you some of my unique perspectives when it comes to dealing with competition, and just the way I view competition.
I am Raju Bhadra working with online marketing since 2012. At the very beginning, I worked cash my link CPA company by promoting watching movies. Then in 2014, I worked with Clicksure and Clickbetter. I promote their products by reviewing. After that, I was outside a few months for my LLB and LLM graduation. Then After 2016, I started to promote WarriorPlus and ClickBank Product and The Four Percent Group. After 2017 I started to release products in WarriorPlus. I released over 50+ quality products in WarriorPlus. Now at present, I am promoting various JVZoo products, and My main focus on LEGENDARY MARKETER & ENTRE INSTITUTE because I LOVE High Ticket Program and everyone should join a High Ticket Program.
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How to Deal with Business Competition? ❤️3 Master Ways
Way #1 – Keep Your Friends Close, Keep Your Competition Closer
Keep your friends close and keep your competitions closer. Here’s what I do, I study my competitions. I probably know my competition better than they know themselves, right? Then I buy from them, right? I talk to their people. I want to know what they’re doing, what they’re gonna do, and how they’re doing it. What are some of the best practices?
So I study, I’m on their email list, I look at if they have videos, if they have social media, I follow their stuff. You have to know ’cause how are you gonna beat someone if you don’t know what they’re doing? It’s very dangerous in business to think that, well, I don’t need to know what they’re doing, I just need to do my own thing, right? Well, but there are some things you could learn from your competitions, so don’t be so arrogant and say, there’s nothing I can learn from them.
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No, I learn a lot from my competition, so that’s a great thing about capitalism, right? That you could learn from other people, you could learn from your competitions if they are successful, if they’re getting ahead, if they are getting customers. There is something that they are doing, chances are, that you are not doing. It could also be they are providing a better service, a better experience, they’re selling a better product, they’ve got a better team. Whatever it might be, competitions challenge you to be better. They challenge you to not get complacent. So it’s not such a bad thing.
So don’t be so afraid if they put us out of business. Don’t be so afraid of that. If they put us out of business, there’s something wrong with us, right? We are not keeping up, right? We are not delivering value, enough value to the marketplace or solving the customer’s problems the way that they want to be solved, so that’s way number one.
Way #2 – Study The Competition Don’t Focus On Them
Way number two, and that is we want to study the competitions, at the same time don’t focus on them. Study them, get to know them, know them inside and out, know their strategy, know their market, know how they’re serving their customers, get their products, or spend some money with them, right? Because you get the best education that you could get.
At the same time, you focus a majority of your attention focusing on how do I add more value to my customers? How could I add more value than anybody else? That’s the key, right? Focus on your customers. So we study the competitions, but our attention, our focus, our energy, we spend that on how can we help our customers? How can we fulfill their needs better?
so you start focusing on focusing on the customers and also focusing on your skills. What do you need to do, who do you need to be to deliver more value to the marketplace than anybody else? And that’s how you grow.
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Way #3 – Think Long Term Not Short Term
Number three, think long-term, not short-term. Instead of competing with your competitors on just one product or a campaign ’cause sometimes you see that. You see this in business a lot. The competition is, say, selling a certain product at a certain price point and they do some kind of promotion discount and they lower their prices and then you feel like oh my God, I need to compete there otherwise I’m gonna lose, right?
Instead of being very reactive, think a little bit long-term. Over the years, I have competed with so many people, so many enemies and opponents. They are stronger, they are faster, they have more resources, they have more capital, but yet over the years I’ve won many, many, many, many battles, and the key to that is I think long-term. Maybe I’ll lose the battle as long as I win the war.
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That’s okay, so when I’m looking it from that perspective, I know that maybe I’m not the fastest, and I’m never the fastest, not the strongest, not the fastest, but I always have more staying power because I know for most people they lose focus. They get distracted, that’s okay. I’m not trying to beat you in two weeks. I’m not trying to beat you in one year. I could wait 10 years to win this war. That’s the way I see it, I could wait, I got time.
So when you think of it from that perspective, the way you make decisions, you look at it differently. You’re not so rushed and you’re not making decisions that are just you’re reacting, right? You are instead of thinking it, planning it, being more strategic.
So think long-term and not short-term and ask yourself what would you do differently? If you’re now competing long game, right, you’re thinking long-term, what would you do differently? And you wait, and you ask yourself how could I make sure I stick around? How could I make sure I have enough endurance to last longer in this game? And you know if you can last longer, you have that staying power, and you innovate, you’ll win. It’s just only a matter of time.
Final Opinion: How to Deal with Business Competition
So I hope this blog post was helpful and kind of explanation How to Deal with Business Competition. I’m an internet marketer. I’ve been running an internet business since 2012. I’ve been making thousands of dollars. And I’ve worked in a number of different fields but place, where I’ve made most of my money, is affiliate marketing. If you do want to learn more about making money online and even starting an affiliate marketing-based business, which any products it doesn’t require any customer support or fulfillment or any of that jazz. Then check my No #1 Recommendation.
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