I’m about to let you in on a secret
There’s a simple, always effective, works in any situation way that you can sell more of your product, destroy any competition you have, and literally siphon profits from others in your market.
Keep Customers Close And Competition Even Closer!
It’s no secret that you should keep your customers close. But, you may not have heard that you should keep your competition even closer. You may have heard you should legally spy on your competition, but that’s different than keeping them close.
Freelance Writers: How to Partner with Your Competition
Freelance writing is an unstable occupation sometimes. We already have to struggle with dividing our time between marketing our skills, writing queries, and seeking out new clientele. Sometimes there’s not enough time; sometimes there’s not enough money.
Competition Laws and Monopolistic Behaviour – Part II
C. ANTI – COMPETITIVE STRATEGIES
Any Competition Law in developing countries should, in my view, excplicitly include strict prohibitions of the following practices (further details can be found in Porter’s book – “Competitive Strategy”).
Competition Laws and Monopolistic Behaviour – Part I
A. THE PHILOSOPHY OF COMPETITION
The aims of competition (anti-trust) laws are to ensure that consumers pay the lowest possible price (=the most efficient price) coupled with the highest quality of the goods and services which they consume. This, according to current economic theories, can be achieved only through effective competition. Competition not only reduces particular prices of specific goods and services – it also tends to have a deflationary effect by reducing the general price level. It pits consumers against producers, producers against other producers (in the battle to win the heart of consumers) and even consumers against consumers (for example in the healthcare sector in the USA). This everlasting conflict does the miracle of increasing quality with lower prices. Think about the vast improvement on both scores in electrical appliances. The VCR and PC of yesteryear cost thrice as much and provided one third the functions at one tenth the speed.
Competition With Others
You might be tempted to say: “What’s wrong with a little competition?” Nothing’s wrong with it. It’s healthy. It’s when your need to compete, and be superior to someone else, gets in the way of the best possible outcome for both of you – that’s when competition becomes a liability. I’m talking about the kind of person who always needs to be “one up” on other people.
Beat Your Competition Without Cutting Your Price
One way to beat your competition is to charge less for a similar product or service. But you can also beat your competition when your price is higher. One of the best ways to avoid price competition is to become a specialist in a narrowly defined targeted market.
How to Defeat Your Website Competition
Unlock success in the digital space with this guide on how to effectively defeat website competition through SEO, design, content, and more.
12 Strategies to Outsell Your Competition by Refining Your Product
Explore 12 dynamic strategies to refine your product, ensuring you outperform and outsell your competition in the market.