We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the new home of StartupNation Community at startupnation.mn.co
5 Effective Business Strategies To Beat Top Competitors In Your Industry
Have you ever wondered why some brands needs to work extra hard to get a few customers, while the launch of some brands brings immediate customers?
Talking point: The Apple Inc., after a lost PC battle to Microsoft, appreciably went from the production of Apple-1 desktop computer, to the production of modern smartphones. And as they launch new iPhones, their customers are always willing to upgrade to the latest — but the reverse is the case for some brands!
Howbeit that if you can beat your competitors, you’ll have more market shares, more sales and more loyal customers.
Below therefore, are five (5) effective business strategies to beat top competitors in your in your industry.
- Identify the compatition
- Effective branding
- Be realistic with pricing
- Maintain customers' loyalty
- Excellent customer service