Here’s How to Deal with Your Competition

July 16, 2016

3:00 pm

How interesting would it be living in a world that has no competition for you to face? You could earn plenty of money, sleep well, enjoy holidays and live a beautiful and peaceful life. It sounds good but unfortunately life doesn’t come to you that way. People who are in business are never at peace and in a lot of cases, their professional life eats up all the good they could enjoy in their personal life. Now, before the competitors in your life actually eat up all that you have and finally make your life miserable, it’s time to be alert.

If the competition that you get to face in your life has been eating up most of your life and you have been willing to do something about it, there are a few things you may like to do.

You’ll eventually face strong competitors and need to overcome them. How can you?

Start Personalizing Your Message

In order to stand out in the market, it becomes extremely important for you to know how actually you can beat your competition in the long run. You may at times be required to change your usual promotional tactics and sometimes an entire marketing strategy. You can choose to personalize your message, ensure that it meets the requirements of the end user and answers their questions.

Focus on Resolving Meaningful Customer Issues

Not all issues can be solved but most of them can and should be, provided they belong to your customers.

When you are not giving them the right solutions in the right time, you are not only eating up lot of their valuable time but also plenty of yours. It may become all the more difficult for you to survive when you know you are unable to deliver the kind of solutions that would also go on to solving the real world problems. A profitable company is the one that aims at resolving issues or meaningful problems.

Know Your Target Users – Inside and Out!

Even before you plan to solve the problems of your customers, it is definitely important to know what their usual concerns are. This will first require you to know them, their taste and their preferences. In a nutshell, you will be required to know what they are, what they like and dislike and what you can do to actually “connect” with them. You’ll need to spend a little money and time to research more. You can collect information about your target audience through these popular methods:

  • MVP
  • Well-designed opinion poll/surveys
  • 5-second rule

Differentiate Your Brand From Your Competitors

Find out what makes you different from the other brands in the market. Enhance the strength of your brand and focus on weakness. Remember, don’t be a copycat. Do things differently and cash on the ‘uniqueness’ of your brand as it will fetch you the right kind of benefits. If you want to lead, you will first have to find out what makes you unique and then be smart enough to let your customers know. Here are the three popular ways in which you can do that:

  • Know about the values that drive  your company
  • Innovate and be creative at all stages; people love innovation and freshness
  • Get valuable feedback from potential users

Listen to What Your Customers Have to Say

Reaching out to your potential customers and engaging them in your brand is essential. Be brave and patient. Have an eye for details and listen to what they have to say because you may gain some of the most helpful insights just by listening to them. How to ask for feedback? You can do it through surveys, customer panels, observation, focus groups, social media, customer service and contact forms.

No matter where you go, what task you do or the project you take up, you are always going to witness competition in almost every phase of your life. You can never ever get away from it, so learn the art of facing it. Competition can help you work harder and perform better, no matter what you have achieved in the past. Go ahead and give life a tough competition!

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Michael Evans is a blogger, social media analysts and he is a web and graphic designer too. He has been writing for some leading journals like Social Media Today, Examiner, 9Leafs and more and he loves sharing tech tips so that people can solve things easily and effortlessly.

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