Bitcoin Forum

This is something that has really been a burden to me and I need ideas on how to come out of it.
A lot of people out there are also facing same challenges.
You can imagine successful setting up a business in a well suitable location and then just when you think things are getting better and enjoying your peace of mind. You find out that another person gets to set up the same business as yours very much close to you.
If this isn’t envy what else should it be call?
I mean you scouted the place and that is when others wants to buy in to the same idea.
Even if they want to start a business in the se location why the exact business some other person had on going.

Please I need ideas to be shared so one can find a solution to problems like this. And others who has intention of going in to business won’t be a problem or look like they’re being a competitor to the already existing business owners. this is the reason for this trend

Price, location and service/quality are three most important reasons to be successful.

If your competitors win at least one from three reasons, you can expect some of your customers will move to the competitors.

If we talk using logic, the solution against this problem is either improve your business or destroy your competitors. You can create fake news, attack their business secretly etc.

But, some people have thought like this "God already determine our sustenance and fixed our destiny", so they don't care about competitors or anything.

if you're afraid of competition it means you're not ready for business at all. All the businesses you can think of don't exist in isolation. You need others in the same line of business around you and that doesn't for any reason mean that you will have lesser sales. Do you know that there are street where all the people selling in that location only specialize in the sales of a single kind of goods? And yet they still attract a lot customers?

As you start your business, you've got to come to terms with the reality that sonner or later you will have competition around you. It's even best that before starting you make projection on the current competitors you have and the future ones you will also have and make the needed plan on how to cope amidst the competition.

One way to scale through competition in business is to improve on your customer service and upgrade your business such that it stands out. Treat your customers right and they will always come back to petronize you. If it's possible, collaborating with your competitors could be another good way of creating a good business environment. There are times you might run out of stock and will need to get from same business that's nearby to cover up for you and when they are out of stock they would want to do same. It's all about setting the right strategy in place and ensuring that you're up to spead with what's happening in the environment so you remain relevant regardless of the numbers of competitors you have around you.

Competition is just part of the business game, and it's inevitable. Usually instead of seeing it as envy, I turn it into something that powers my business. Sure, someone might set up the same shop near mine even with similar product or niche, but that doesn't have to be a bad thing. In fact, competition may inspire us to make our business stand out innovatively with something different, maybe better service, or the kind of personal touches in customer experience that's harder to copy.

Besides, in my opinion a little competition keeps us on our toes without being complacent. If it was me, I will just focus on how to work on what makes my business better by enhancing customer experience, pricing more intelligently, or upping market marketing ante. Competition is not something out of the ordinary, and knowing how to deal with it is what will help the businesss grow.

I like that you just point out three key factors which I think if applied can help one succeed. But the aspect of creating fake news in other to destroy the competitors business I think is too hash of a word. Knowing that the same measure you used towards others is the same measure that will be used for you too. Nevertheless thank you for those points you gave.


Read through and got convinced by your comment that it’s still possible to succeed no matter the number of competitors around. There’s another thing I want to point out. Even in business there are always 90% of envy when it comes to new competitors who were once your customers but decided to turn to competitors. It’s a different case when competitors are not those from within. But considering that this particular competitor are once your close customer but decided to put up business war. What can be said of this and what’s the solution and way out?

Would you rather close down your business or get drowned in your own emotions because someone is selling thesame product you sell or offering the same service you offer? I have been in this situation before and I bet you, this is the time for you to grow your business with new strategies you've not used before. Let me share with you a few tips that have helped me.

• Create a good relationship with your customers: Truth be told, your customer base will definitely split since there is a competition available. Rather than get upset that they stopped patronising you, you can call them to know why they stopped coming around, what services they are not comfortable with and do well to do something about the feedbacks you'll get. Customers will go where they feel their right is being valued.
• Do well to offer quality products and services: your shop should be the first that comes to your customers' mind when they need quality. Believe me, your people will still stick around.
• Consider marketing your products or services online: This will definitely help you reach customers who are not just within your business location. Products can be delivered to customers wherever they may be. In terms of services, people will look for you if you are good.
• Offer discounts: Be careful not to sell at a loss, but this will make your customers stick around.

So mate, ensure you give your customers what your competitors don't have and you will see your business growing.

Quality is an argument which needs a lot of marketing, low prices is what most people seek, Of those people 60% (number drawn out of my head)
plainly give up once their chosen service does not deliver what was promised.  The remaining look for better quality.
 
Location is really not an argument in the digital realm. Sure,  there are still enough people out there not understanding the internet comes from internationally. They need their server across the road. Those people die out. Most I have dealt with don't employ any service due to whatever reason.

Someone is copying you? Take it as a compliment.

That's the reality of the labor market, what you need to do is to be strategic on how to market your brand, marketing your brand gives you a different edge altogether, make your product very affordable but not to a point you will be losing your gain. An open market is always competitive, so you need to always be at your best, you will have to look out for things you know your opponent don't have, then you bring them in, especially items that are eye capturing, you have to take the fight to them, else you will be losing out big time as complaining will not help the solve the problem.

Is not every business you will start and immediately you start being successful, sometimes you have to go through rigorous processes and major competitions before recording your success story, so don't see that somebody opening the same kind of business around you, will bring down your business, rather It should be a motivation for you to be at the top of your game.

Thank you so much for this point of view. The part you mentioned online service is another important point to consider.

Competition is nothing to be afraid of. As long as you do your job well, keep your customers satisfied, offer good prices, quality services and products, nothing can go wrong and believe me, there are lots of business owners that fail at doing these successfully. So there is always a spot for a hardworking and honest business. Take a look around you, you’ll see lots of people are very bored, don’t like their job, treat customers badly… You can be better then them and drive them out of business. It is that easy. Don’t be afraid of competition, embrace it.

Don’t take it as envy, if nobody is imitating your business/idea, then you’re doing something wrong. Imitation is the easiest way to succeed in business. People find a business model that’s successful and they follow the same blue print. Big companies do it all the time, it will be foolish of small business owners not to take advantage of imitation as a business model.

Is there any business that has no competition? I have been thinking about it for a while now, but I can't think of anything... As some others have mentioned, instead of thinking about the competition it would be better to focus on your business and try to do it in the best possible way.

There is no universal answer, first you look at where you are and try to fit into that location... in some places, better service is more appreciated regardless of the price, in some areas, it is better to have lower prices than good service. So you adapt to the local market and offer what people need, that's the way you can succeed.

When you don’t want competition in your business then you’re basically just trying to manipulate that market which is one bad thing about the market. If you get competition on a particular commodity introduced by you then simply know that you’ve brought something that holds value and that’s why another business strategist is hoping onto it. This competition might actually look as a way to reduce your demand but I tell you it doesn’t once you keep up with the quality. In fact competitors like this helps you to get and insight as were your market has flaws and you build on that. People chase after quality as long as that cost is effective to them.

Let’s take example of the first digital currency bitcoin even it is not a commodity but haven’t you seen the numerous numbers of altcoin projects going and each is trying to better bitcoin but as that reduce the value of bitcoin, isn’t it’s adoption still growing more, it’s even when there is other projects like us that many people even value the quality you have built. Many people are fudding bitcoin today because of transaction scalability but yet it usually has the highest trading volume each day due to it’s security.

Even though both are similar still not the same, all you need to concentrate on is is making yours unique and only available in your location not near proximity. For example, a restaurant, sure there can be multiple restaurants in the same corner but what makes the one unique will be filled with people like the exclusive menu, good ambiance, or special deals and combos. That's the reality, you can't expect to take everything to you even if you come up with that idea initially and you need to keep getting better to stay in the business or else what happened to Nokia is good example.

This is a serious problem in business. When people see the customers you are attracting to your business they just generalize that you are making lots of profit. The next move to to situate thesame business close to your own. You cannot stop people from starting businesses close to you, but you can adopt some measures to overcome competitors.

1. Increase advertisement
2. Improve the quality of goods or services.
3. Gradually diversify your business
4. Look for other sources to buy cheaper products so that you can give discounts.
5. Offer some incentives like free home delivery
6. If the market is saturated in that area, consider moving to another location.

This is a very common thing in the business world, because there is no business without competitors at all, even in some cases people build the same business with almost face-to-face places. If we intend to enter a world like this, then the first thing we must prepare is mentally. And actually the existence of competitors should be a motivation for us to continue to innovate about the business we are running. Without competitors, we might be too comfortable and that can actually bring negative things to our business. Well, here we can learn a lot and hone our abilities in developing a business so that we can compete healthily. Because consumers will definitely choose what they think can make them comfortable. This is based on personal experience when I shop for example, we as consumers definitely want the best and also want to get the best service.

“If nobody is imitating your business/idea, then you’re doing something wrong.” This is a take home for me. You made a huge point here. Now I’m beginning to feel proud that I can at least introduce what others can imitate. Thank you very much.

Competition is a part and parcel of the daily life of a business owner. But when comes to business sustainability, quality wins big time. Work on your product to ensure highest quality for your consumers and you will win.

If you are trying for some discounts or rewards for your consumers, that might work as well but for short term.

Work on providing loyalty benefits to your clients to encourage repeat purchase. What's the nature of your business?

I deal on frozen food like chicken, fish, Turkey and others seafood. Then I also sale food stuffs items and provisions.

Absolutely, businesses are always evolving and intense competition between them is usually beneficial for the average consumer. Just look at the cell phone market - sure there are plenty of high priced phones, but there are a whole spectrum that have the price going down to $20 for the cheapest, most basic versions. They will often copy each other because there are very limited ways to differentiate these days. It's worth noting as well that smaller businesses may have a money disadvantage but they can often be more nimble in changing to a new consumer trend, plus they don't have long term baggage from employees who might have accumulated all sorts of expensive benefits over a 40-50+ year career with a single company.

OP no matter how much time you have putting in getting a right location for your business doesn't make someone who open the same business close to you is a bad person because that's how business works and perhaps it could even be that while you were scouting for the right place that's how other persons were also looking for a good location but it just happened that you started before them, so don't feel bad because I don't no if you have seen a location were so many people sells the same thing but only one is the most favoured by the customers because of how they comport themselves to them and how they also make products always available and there prices because when a customer visit your shop three to four times and you did not have what they want automatically the person that has it becomes there customer, so if you have all this I have mentioned you shouldn't feel sad about that because the person does not envy you and besides the only business person that get scared of competitors are people who cannot manage a business very well because competitors are the ones that brings excitement on the business.

You are very funny  :D

The business you are doing there, are you the first person to do the business? Why make it as if it's your parents and intellectual property right? You don't have the power to monopolized a business in an open economy, every other person has that right to do the same business unless you are selling a unique product which you must have trade mark and copy right protected so that another person don't steal your idea to make money but even copy right has expiry date.

Anyone has the right to sell what you sell, you weren't the first person to try the business right, it was done somewhere before you tried it and even if another person comes close to you to do the same service, you have the right to outperformed the person and do everything necessary to sell more than the person. Haven't you see two restaurants sell close to each other and yet one has more patronage than the other, it's how you market your business you are going to sell. Instead of worrying about this, channel that energy for improvement and win the customers.

the first time you have business in mind, you should be prepared for competition, that's just how things work, some people will try to invade your "space" and take off some chunk of your profit, the question is, can you still make your business run and sustainable?

if the business is something you invented, like inventing a product, try to patent it, it's a good way to keep your competition out of your way, however, if it's just another ordinary business with no patented-able product, just embrace the competition. big business also have competition, but they cater to their own customers, the world is full of people looking to get the same opportunity, imitating is also one of the easiest way to make profit. no wonder competition is imminent.

OP, it means your business is really doing well if someone copied your idea and implemented it on their way. Business is full of people copying someone else’s idea. What would make you stand out is how you differ from these other businesses
You will always encounter people who would copy you or maybe even do better than you. There is no other answer but for you to do better than that other business. There should be something unique about your business that even if there’s another business right down the street, customers will still choose to go to your business. Check what are the weaknesses of the other business and strengthen those things in your business.

Competition, that's it. In every industry, they'll never be gone and this is for the sake of the consumers to have a lot of choices. If it's not for competition, everyone won't have better choices for products and services. I know that it's kind of devastating when you see someone put up the same business ideas, products, etc. near you because they've seen it with their case study and from you.

Just be the better competitor. Don't lowball your products and services, stick to what you've been doing and more marketing to come. I know that lowballing is what the consumers like but what it will be for you is going to be totally damaging and that's the reason why you'll be the first to be out of business and then your competitor wins.

You need to learn how to harm or attack someone without make them know if you're the one who did that. If you didn't attack them first, someone will attack you, that's why in business, there's thing called zero sum game.

Don't sugarcoat it.

Someone is copying you mean you're successful than them, this mean either they want to become as successful as you or they want to destroy you, however either of them will reduce your profit.

It's not copying but stiff competition. If you copy someone's business the ideal thing to do is to either refine it or situate your own business in another location. If you see this move as mere copying the business might end up becoming bankrupt.

In business, it is the survival of the fittest. But I don't think I will ever create a false narrative about a business or harm anybody because of competition. That's going to the extreme. There are other legal means of outsmarting competitors.

That's just business competition, it’s completely normal in the business world. Starting a business isn’t easy if you don’t have the knowledge about how the market works and the courage to face challenges. Before starting, you should already anticipate that eventually, competitors will emerge and become a threat to your business. You can’t avoid it; it’s part of the reality. The best thing you can do is improve your service so that your clients or customers still choose you.

Also, think about it from another perspective - healthy competition actually improves customer service. It may seem tough for you, but for the customers, it’s a benefit. Remember that all successful business people have faced competition, and because they tackled those challenges, they succeeded. To put it simply, think of running a business as problem-solving. Every problem you solve is a step up, and before you know it, you'll realize you’re at the top.

Its natural to have competitor especially if they see your business starting to succeed since their are people really want to replicate what you do since they also want to get the best result for their business.

So what you can able to do to fight back on the competition is to became more friendly on your costumers and offer best service which they would became more satisfied since for sure that those people would see that you are approachable and doing them some favor will stick on you since and they won't go anywhere because they are happy on what you have provided to them.  Also try to lower down the prices of your goods and services since provably that costumers will go to you since lots of people think about savings and provably that they would go to you since they can save some money compare if they buy at high price to your competitor.

If you are afraid of competition, it shows that you are not ready for business, or if you do not have a plan and strategy to beat your competitors , it shows that you are not fit for business.


Competition exists not only in business but also in every corner of our lives, from family to society .  In addition , I think you must have heard the saying: " business is a battlefield ",  so if you don't have confidence in yourself then it's better to stay home instead of rushing into the battlefield to become someone else's prey.


To me, businesses that are afraid of competition are usually businesses that cannot provide good quality products and services , and such businesses should not exist because they will harm users .

Competition is normal in the business so expect that there's competitor will come to challenge your business. You need to prepare on that situation since somehow you are the old one running. For sure you have the advantage on the game since people already know you.

What's best you can do is to do price war. try to scout the cost of their products then try to lower down yours. This suggestion made by some people in this thread is good already since for sure your competitor cannot sustain their business with that aspect especially if they are renting their spaces.

Also add some delivery option to your costumer giving them convenience would provably make them a loyal costumer so extend your service for doing such thing and for sure you will get a good advantage against your competitors.

This is very common and to understand.
We all want to make money and it is either we make this money out of creativities or we emulates from others.

When you sights a lucrative vision in a specific area and has successfully set up a business house there and while you are being making progress there, you should be expecting oppositions within where others would come and set up same businesses as you to also be successful.

Then it becomes a competition and the people around you would even need more competitions within the area so that you as a monopoly will not put them on "no choice" condition just because you are the only trader/dealer in their respective area.

Don't feel being jealous about it rather think of offering unique services such as trying to understand your customers as a public servant such as thriving on marketing strategies and you will still keep being successful. That is all.

First things first, either don't start a business or start a company that you know no one else would be able to do better than you if you are afraid of competition because there is basically competition in every field these days. You can't expect to start a business and have no competition at all, so I agree with those who are saying that you should improve your business so that you can stay afloat among the competitors and not fall behind.

The very first rule of starting a business is to know what you are getting into. You should be a master of what you are getting your hands into which is the only way for you to never let your competitors beat you in what you are doing. You need to make sure that you are providing the best quality in the business that you are running so that your customers become recurring customers instead of thinking of trying a different brand next time.

Running a business is not easy, and you will face hundreds of such challenges in the future as well, but you will have to deal with them with grace. I would never recommend doing negative advertising for your competitors because I find that unethical and that will eventually have consequences on your own business. Beat them with your work and not by doing unethical things.

This comes back to the mentality of business competition, because whatever type of business you run with a creative idea, it will not be the same as other business people. So when you are ready to set up a business to increase profits, then show what makes your product different from other people's products. As long as you have something to highlight, consumers will have their own assessment of the products offered. Everything that is competitive in the business field, the basic point is quality. No matter the price is a little expensive as long as it has high quality, people will know where to shop.

As far as I know there is no law that preven 2 or more  people to sell same thing in thesame location. Business is all about good skill, self discipline and composure, good manners, transparency, respect and have a good customer relationship.  When you know what you are doing, you don need to be afraid of how many people that compete with you. There are situations where there are many shop conjoined in an area yet people patronize a particular person  simply because of the attitude of being customer friendly, and being respectful to each customer both old and young.  your character attract customer not the amount of goods you have in the shop. Because surely most people have alot of goods but no much people to patronize them.

I don't know why you keep on emphasizing much on this, I am beginning to think that you have a problem with that. All what I can tell you is to desist from that attitude because it won't help you. I can sence anger and hatred in you from my end. If you don't kill that thought you have in you and mind your business, it will Leed you to a serious problem of either losing your customers to your opponent because you will be more aggressive than being friendly. And Morover an aggressive business is not a good business strategy.

My advice to you is to mind your business and work more on your relationship with your customers. Because your location is not the only location people are selling thesame thing. When you go to computer market you find many people selling computer everywhere and each person makes money without problem. so yours is not exception neither.

Do you have a business that is currently facing some competition? Or are you just planning to start one?

For one thing, it helps not to open shop right next to your competitor. If you want to get customers, you want to open one that is far enough from your competitor that  people will prefer to go to yours rather than further away.

Of course, this does not apply to online businesses, but then again, with those, you can advertise to a particular subset of a demographic that your competitor is trying to attract.

As a businessman, you must know how to strategize in business because competition is something that cannot be avoided. The goal is for your business to be superior to competitors. When someone else sets up the same business in your area, it cannot be called envy because everyone has the right to choose their own path with the experience they have. You must be ready to face every challenge in order to survive the heat of competition, everyone has their own goals, as long as competitors do not attack you personally, it means you must be ready to compete healthily.

I don't really think opening a shop close to a competitor is a problem because i have seen someone moved his business out of the original location he used to stay and went to another location just because of a competitor that does same business as he do but just within some months later, his competitor also relocated to that same area so in such a situation will you also advise him to move out to another location? Some people are naturally troublesome in life so the most important thing in a business is not about doing same business with others within a particular location but the quality of your service to customers, your approach and your cordial interactions and understanding with customers is what really matters because those are the things that will make people to consider patronizing you more in an area where you have a lot of competitors.

Competition is a normal thing in business, and any business person or one who is aspiring to be one must expect to face competition in business, you can only try to be better than your competitors. There are many ways to try and stay a step or two ahead of your competitors, ways such as: excellent customer service, quality goods, highly-sought after goods must always be available on shelf, etc. it is not possible to avoid competition and you should basically work on your own business models.

Competition exists in all forms of business and that's the origin of office politicking; corporate bodies working hard to advance ahead of their competitors. If staff could compete amongst each other - what more different businesses?

Too many companies prefer following strategies like transparency, new product release, and marketing optimization to tackle adversaries in business. Currently, newly emerging platforms first penetrate the market with low prices of products, to attract the customers of their competitors.

I do not know much about this market but I can share some tips from my B school study and real world experience in running a different business.

1. Loyalty: in any business loyalty is a very important aspect. Try to find ways to increase customer loyalty. You can provide trial food items as a gift to your customer with every purchase. You can probably keep a payment threshold to make a customer eligible for free gift.

2. Home delivery: I am thinking from the context of my country. Home delivery used to be a big thing here. However some companies understood that and started offering free home delivery on every order. I am not sure if it works in your country.

3. Quality and hygiene:  in your business, quality and hygiene holds a huge importance. Never appear without mask headgear and gloves in front of your customers.

4. Create a community: ask your customers if they are willing to join in a WhatsApp group where you will keep on posting offers on a regular basis. You will also need to use that group for product updates. Building a community takes time but worth every effort.

5. Pleasing behaviour: Be a customer pleaser. You know for a fact that your consumers are the king. Your behaviour makes a lot of difference.

6. Build wholesale network: do not only rely on retail consumers. Start visiting your local restaurants and offer then some trial item to prove your great quality and hygiene. Take small orders and deliver on it. I am sure restaurants you will open up for bigger order if you maintain your consistency.

Your and goal should be increasing the customer base. Take every complaint seriously and revert on it. Never allow a single question to go unanswered.

I think these are the keys to every business. I wish you all the best!

Most businesses are very common and you might find yourself in a whole lot of competition with other people, but don't get frustrated about this because it's completely normal. The only thing that can make you stand out is being unique and exceptional. A friend of mine once told me that she wants to start a pos business but she gets discouraged sometimes and her reason for feeling that way is due to the fact that it's a business that so many people are into and she doubts if she would make any progress with it, then I gave her an idea, I said instead of waiting for customers to walk down to your shop why not make your pos mobile, I told her she can tell her customers to call her at any time to bring cash to wherever they are as long as it's within the city, people can sit in the comfort of their home without going out to withdraw, this something that would ease their stress. The way to succeed is simply to do something different.

You just need to be creative, make something unique and if they copy your idea it just means that your idea is great.
Customer would comeback to you if you have clean business place, care for your customer, good product and of course the price.
I think being copied is normal for most business nowadays, if you want to survive you need to have a way to make sure that the customers would surely comes back to you.

You know it would be tough to compete with a similar business, especially if it is within the same vicinity and caters to the same people. They would most likely overlap each other and fight for the same people over and over again.

To overcome this, you need to be more innovative in your approach and keep the customer base happy so that they will come back to you and not go to the competitor. Taking care of your customers would be the best approach because it will go a long way toward letting people know they are in good hands if they go to your business.

This is probably a hard thing to do because you can’t please anyone, but it starts there, and that’s all you can do. Good luck, OP.

There is no better job than business whether it is small or big business. I think you work with hard work and interest, and one day you will excel if you do anything else, then with this money, you can only support yourself and not fulfill your desires if it will block its way.  So it will be called envy, because if it was working and another spoiled its work, then its envy was helping it. But you cannot act unless you have humanity.  For example, no work does not bring profit or any other problem, for all these we must be prepared and take time patiently but If you work hard and use your brain, you can achieve success Otherwise you will earn only for food and not for fulfillment of desires.

This is unavoidable, and it exist in reality, If you're business is doing great and some business minded people see that you are in monopoly of a business, they will challenge you and try to take a big share of the market.
You should welcome competition in your business this is so you can upgrade your business to better serve your existing customers.
A true businessman welcomes competition so they can become better in that business because if you have a monopoly of one industry or business, you tend to take your customers for granted and will not grow or expand your business.

There is a proverb in my place that says "two people planting rice in the same place with the same quality of rice, will be able to produce different results" from this we can conclude that even though there are people who have the same idea as you and do business in the same place or even next to your business, but if you are sure about what you are doing, then it will not be a problem. Because in business to determine whether someone is successful is not only the location or business idea, but also how the service is, business strategy, innovation, fortune, and many other factors. So don't be afraid if there is someone doing business in your place, just do what you can and keep looking for innovation to develop your business.

I just checked your account and I wanted to ask you but then I realized you haven't be long here but I'm going to explain something within this forum which is the Casino business in this forum. There are many casino platform that has been on this forum since it's early days but despite that, other casinos came and they were able to dominate the forum and capture every space of signature in the Forum and they are still functioning to date even when others has stopped, they never stop.

If you want to win in business and you are new, you have to do something other existing business are not doing. Some casinos here are doing art contest and even raffle just to spice up participants to keep their casino in their mind and there by making people use their casino. You can do similar thing to entise your customers so that even though they see similar thing they need on another place, they will first considered you unless you don't have it.

I personally feel that when we are in a business competition, it would be better to emphasize the characteristics and services because in the end this can also be an important factor because in the end consumer comfort sometimes provides a separate market for a business.

I still do that because for now I am still doing business in fast food even though it is only a small scale but in the end there is still a lot of competition, especially since I live in a fairly remote area so there must be people who copy the food or what I sell as a form of competition. But in the end when we have applied our own characteristics in the business that we do and do small things such as prioritizing service, cleanliness of the place and comfort in the end I can still survive and compete with other business people because in the end to become a competitor we have to pay attention to several things not only about quality but also quantity so that our consumers are safe and comfortable when they are in the place or buy the products we sell.

You shouldn't be bothered by someone doing exactly the same business that you're doing in the same location because sometimes, that's a blessing in disguise and not necessary a bad thing. Haven't you seen Coca-Cola and Pessi or any other soft drinks selling in the same locations. What about supermarket being located in the same environment yet they don't go out of business but the both businesses begins to thrive. Why people choose to copy what others are already doing and making profits is because they're scared to try out new things and they're not entrepreneurs that can take such risk.

Having two businesses in the same area give people the option of choosing between the two of you, who they're going to patronized and not when there's only one business there that they can decide to not buy anything. Don't see every competitor as toxic as you can take full advantage of them to make more money.

Business is even interesting when their is competition, atleast it makes one to try to bring the best.  When their is competition in Business this should not be a problem, all you just need to concentrate on is to work on your customer service and price you won't struggle in having customers.

When customers are okay with the way they are treated and the price they got a particular product they will always to patronise you. Anyone who is worried about competition is not ready for business.  Competition helps to have a better focus in business and how to think in developing innovation to make the business grow better. It is competition that gives a business a good brand , I don't think competition is a threat to business, maybe it can be threat when one is not ready to improve, focus and consistent in business.

That's right, business is certainly something that needs to be developed and with this competition, it makes its personnel have to do their best for their business, besides that, competition in a business in my opinion is a natural thing because if there is no competition in a business, it seems less interesting and also there is likely no lesson that we can take because with this competition indirectly there will be lessons that we can take, this allows us to improve our own skills.
doing the best way to attract customers will be one of the things that becomes a competition, where companies must display attractive marketing to be able to make many customers interested in their products, therefore individual companies or not must have good marketing skills, such as in their delivery that can make customers confident with their products. And it should be noted that not everyone has good skills in this matter but to learn it might be possible.

In starting a business you need to consider the budget of course now, what does the community needs its becomes more effective than what others store already have and you want to compete, now if you already mind and picture out what you need you must need to canvas the price of the equipment and the location consider if there's a lot of people nearby walking, tons of business nears on it, so you have an idea if you will become an effective store right there, competitor is normal but you must need to know how to market yourself and your product, the most effective wins and gains profit.

True, how you treat your customers matters a lot. Because, there is no business without competitors. Though I find it weird when you are selling a particular thing and somebody comes right next to you or opposite you to sell that the same thing. But since people do it and it's expected that when you come to a location with something different, sooner or later somebody will join you in that trade, you have to prepare your mind ahead of it, you have to put strategies and plans in place. You have to always up your game, maybe expand your offering or have a unique product that you sell.

 And customer experience is very important, know how to treat your customers, even when they may be wrong, know how to talk to them so it doesn't lead to bad customer experience. Let people in the community know you for something. Let your customers be happy and satisfied with your service. And if you can sell your product at a fairer price than your competitor, then do so.
Emphasis on customer service, the way people feel about you determines if they will come back to you. So you have to differentiate yourself, either with your customer service or your product or just something.

Competition in business will actually be beneficial or make things more interesting when you are in the customer's shoes because you will be able to buy things at cheaper prices, and have more choices instead of depending on. But if you are in a business position, this is not fun because you will have to spend more time, money and effort to create better products at cheaper prices, come up with new strategies, change your business plan...to avoid being surpassed by competitors. It can be said that businesses are very afraid of competition because it will cause them to lose revenue or worse, go bankrupt.

As a business owner, no one likes competition but it is inevitable in business, and which is why many people say that business is not easy and not for everyone. If you have ever been in business or are a business owner, I don't believe you like competition.

I don't see it as envy. Everybody else wants to make money same as you. If you discover something that's working, others will definitely follow. Take Bitcoin for example, after it was created and became successful, other people followed by creating their own cryptocurrencies.
What you should learn from this is despite that, none of those currencies have been superior to bitcoin and the reason is because of how good and open for improvement bitcoin is.

I know it's not exactly the same thing on all fronts since the creator of bitcoin didn't create it for profit unlike our business, but we can say altcoins are its competition.
If you start a business in an area and another business which is relatively newer than yours is having more customers or making more money than you, then it means they're doing something you arent doing. Sometimes it could be something that is out of your control to change like te fact that they may have more funding than you, but other times, it can also be things you can work on and improve.

Don't see competition as a bad ting for your business. See it as something that should push you to be better. Be better than your opposition. Invest in ways that you can be better, do research, treat your customers better and have a better relationship with them. You have to find a way to make sure your customers always come back (except you run a funeral home or a casket business of course ;D)
Competition doesn't mean the end of your business. It may mean you will share customers but if you do the right thing you'll come out ontop.

You should welcome competition; we are launching business to serve the needs of the people and the improvement of what the people needs comes from competition, the customers will always look for a better service and product so if you do not have competition and just pure monopoly, you will not improve and your customer will leave you.

There's nothing to worry about if you're the original; customers have propensity to who comes first or who intrduce the business or industry, Just like what we have here in Cryptocurrency, your focus should be on improving your product or services and you will have loyal followers because you are the originator

Competition will always exist in any business or industry. You are not a true business if you are not competitive. You should believe in your products and services. Not allowing competition will only mean that your product or services is inferior.

Personally i wanna to say that a business idea is the best idea to live freely in my opinion. When you start a business, no one will be responsible here, you will take your business forward in your own way. But I think in order to do business you have to be of that mindset where your customer service is good and your customers are impressed by your manners and behavior and want to come back for a second time.

The quality of your product must be good. If the quality of the product is good, if you can provide good product, then the customer will get better. You have to think about how you will serve customers well and how to win their hearts. If you can conceptualize this then it will not take long for your business to move forward.

And I will tell you that if you want to do business, you should be a down-to-earth person and do business in such a way that everyone is motivated by seeing you and you can do business in such a beautiful way. Always maintain your integrity and loyalty. And if someone else does the same business as your business, you will not be jealous of them. You will constantly add new creativity to move your business forward, then your business will move forward beautifully.

What you said is actually very reasonable to be understood by every businessman who always has competitors from various thoughts. Because it is quite clear that if there are other businessmen who try to copy a product that we have made before, it has indeed given a sign that our product is the best so that it makes other people motivated to copy it. I also have an understanding that is almost similar to what you said because if a businessman wants his customers not to disappear or go elsewhere. Then the business owner must be able to provide better service with a level of product quality that is not bad so that customers can continue to be loyal to the business he runs.

Definitely yes one can face competitors in business and still be successful in it, and I'll explain this with an illustration. My sister use to have a business located in a busy area that would attract customer service more and was the first in that business in that area and was very prominent in her specialty but all of a sudden she got the same street line neighbor offering same service she renders and that's when the competition started, tho it'll be challenging but she had to beat up the fact that she was first in the area of that business before them and this led on to her offering and making sure she met to her customers needs at every given time, so just understand every aspects of the markets to beat up competitors.

I used to think that I would be successful in business when I had no competition. I will establish my business location in a place where there is no similar business owner. But my assumption was completely wrong. Business requires competition. Competition is an incentive for business to be honest. In the same business, if one person is able to provide more benefits than the other person can provide to the consumer, then the person who provides more benefits will survive in the business. If a person wants to run a business but does not want to compete then he is not doing business perfectly.

Moreover, if we are a consumer and realize the general issue, I think this point can be clear. Where there is business competition where there is a good business environment there is a high influx of buyers. Everyone benefits from the business and where there is no competition there is less customer. That's why I think having similar businesses in the same location is a positive site for those businesses.

Of course you can face competition in business & still win. There are plenty of potential customers out there in most fields. It all depends what you are offering, are your prices competitive, is your customer service good, are you always keeping up with the latest products etc, is your advertising good. As long as you are in a trade or field that is in high demand then there are plenty of potential customers out there. Healthy competition might strive you to do even better as you don’t get complacent.

There are simple things to be done if you really want to be ahead of your competitors especially when you are the first person to establish a business in that location.
1) Always be available to render services to your customers at all times
2) Do not sell bad products to your customers so that they won't have any reason to doubt your integrity
3) have what your customers need with they won't try to buy from your competitors
4) let your price be the best and different from the rest then you will always be the first person to be mentioned when a product is needed around the area
5) have a good customer relationship with your customers by so doing you will be ahead of other people in the same line of business in your location.

In every business there’s is competition, especially the way the situation of the country is going on and there’s know availability of the jobs, so the only things that as youths to do now to survive is to establish a business; and the things hard be currently know any business they available that I will say they nobody is doing the business.

There’s a lot of people’s that are establishing the same business in the same location and every is succeed, doing the same business with others people in the same location doesn’t matter, but having faith on your business you will see what will be the outcome in the your business.

I thought of same issue mostly my locality, people create same business without minding the location and other existing business. Personally at the end of the day they both earn quality money depending on the kind of business for example supermarket. If this should stand as a competition you just have to buy quality goods or render a good service, 99% of customers create massive awareness without paying for a dime just because they enjoyed the service.
Creating a business requires knowledge on how to handle competition etc, there’s no specific business creator so I will consider envy as false. Every business owner learnt same idea or inspiration from someone else meanwhile competition can be consider as a must when dealing with business also due to different business type not all require competition because I have seen different business owners cooperate  to create something good.

By understanding the market situation it will be easier to manage the business you are working on even though there is competition in the same business, by providing a little more service to consumers, it can have an impact on customers trusting you, in this case it is necessary to have ideas that need to be especially in terms of good delivery.

The sky is big enough for everyone, and for every business to flourish. While you may not like or appreciate the competition, competition is needed at times and necessary too to make you sit-up in business and the service you deliver. Competition can help your customers realize that you are the better choice after trying out the service that the other business doing the same as you has to offer.
As an existing business in a place that another business has come to a meet you should understand that it is possible that they have studied your model of business and have come to improve on it so to stay in competition with them and be on the lead you need to re evaluate the service you offer and how you offer your services to make sure that you remain top notch and the standard of service delivery because if you decide to remain stagnant and not dynamic to change, the other new business will most likely take you out of business.

Sure you can still succeed. All you have to do is be better than your competitors. Every business has some sort of shortcomings/lacking. You have to take advantage of these lacking of your competitors to make your business better/superior than them. You need to provide better service, quality products and competitive pricing to your customers. You need to offer something different than what your rivals are offering. Once you establish yourself and build a good reputation, you will be easily able to survive the market.

People can copy ideas and styles in business but people cannot guarantee the level of success, so don't worry about that. Just focus on the development stage and do it in the best way so that the business you design can run well to find a level of success.

There is no need to be afraid of competition as long as you understand the business and do something different so that the business you run becomes more successful. Copying other people's business styles also does not necessarily mean success as expected because people have much more appropriate solutions. Your job is only to do your best and the rest is to evaluate so that you can see the shortcomings in the business to be fixed to improve it.

Spot on, i don't like monopoly, it affects how a business runs its activities, you might not know it, but if you have monopoly in a particular area, there is a high chance of it affecting your customer service negatively. If you know there are other businesses also trying to beat you, it makes you innovative and you strive to do better, it is good for business and also for customers too.

Having competitors is what most of us needs to be able to drive your business further because of their is no competition then you will not know the value of how important your business is and no matter what their will
Be competitor because even in the crypto market, their is a lot of competition out their and one of the short comings is competition if you are not able to manage your business well, then at the end of the day you won't be able to do nothing but to re arrange your plans business deals with brains, you have to be willing to do a lot of survey and data analysis if the business is going well or not. And how you are friendly with people matters in your business is a lot because their are people that are not friendly at all, when it comes to rendering services to people . Customers are very important, with them you won't be able to do the important things.

Well, you just have to look for what your competitors are not doing very well, then you perfect it. If maybe your competitors opens their company by 10AM, you should resume earlier, if their price is less expensive than yours, you need to also bring down your price, keep your business environment very clean and hygienic and don't be rude to customers, give discount most of the time and give your customers a warm good bye, then ask them to come again next time.

Sometimes competition is good for business, imagine if that neighbour of yours is selling below standard items and people keep walking out of the business premises without having to buy anything...then guess who benefits from all these potential sells...you!!

Also competition makes one to think outside the box to attract customers, so don't see this has a bad development... It might actually benefit you one way or another..for as long as there is a healthy population where you are then you will enjoy the benefits.
.

You always need to see what your competitors are doing so you know where you will improve or adjust your services. Because like it or not, people will always look for better and cheaper goods or services as well as how they are being treated as customers.
As a business owner, you need to make sure that you are covering angles that your competitor has not seen or taken care of. Because that will be your advantage to earn more profits and get more loyal customers.

The trick is to keep growing, not keep getting "better". Meaning, OP has a shop, and someone opens another shop similar right near, the trick shouldn't be just go and make your shop better, the trick should be start another shop another place. Ideally, you should be making enough profit from this location to get enough for a capital at another place, along with debt.

For example, if you do not own this place, then try to own the place, pay 20% upfront, and rest in loans and that way you grow, if you already own this place, then get another place and pay 20% and get the rest in loans. This means, two place paying just one place mortgage, and should be fine for you. Growing and not staying still is the way to go in any business, if you keep being what you are, then someone bigger will come in, spend more money, and destroy you eventually.

In business this is not envy but competition. I know you will be surprised, but you need to know that as a businessman you need to have that in mind that they most be a competition, so now is let for both of you to create different strategies that will help you to accumulate more customers and have more sells than the other. This will help you to have more experience on the business you are into, and you will not be so weak but more focused on many other strategies like reducing the price a bit from his and get more patronage, or selling more good and efficient products, and also advertising your product in the best way to attract your customers.

So now you have to change the perspective that you have an enemy that is envying you to you have a rival that will go on a competition with you that will arouse your intrest to create more wey in other to get what you really wanted.

Your competitors will still copy the strategy that you're using when you begin to see success with the strategy and they're not seeing success. Your competition are always watching you to see what you're doing that they're yet to do to steal your customers. There isn't much thing you can do to stop your competitors from copying you but you can work on your customer service and satisfy your customer that they won't have to go to your competitors to buy things. They might be selling theirs cheaper but if you keep your customers satisfied, they'll always patronize you and not your competitors. Customers want to be treated right always and they'll prefer where they're treated with respect than disrespect. Your business can survive any conditions or problems but it won't survive when their are bad reviews from you customers and they get to tell their friends to not patronized you.

We are living in a free, democratic country so assume that whatever you have in mind especially in business aspects, competition will surely arise in time. Most especially if they have seen your business is on the go and the people around are buying what you have, envy will definitely develop that may lead to putting up a business same like yours.

So the challenge here is who will survive and make the most of the demand in the long run despite of the close competition in the neighborhood. The solution is simple, create your own brand and make it unique. Make sure that your business will outstand others in the line from good customer service down to competitive and affordable price range. If you can manage to make your business grow and competitive throughout the years, success will surely await in the end.

it is the right thing to do good ways to attract customers, so that the form to continue to advance in business even though there are many competitors is something challenging for now, cleverly managing to find gaps in competitors' weaknesses is an effort that needs to be done in the midst of the tight business world that we are currently living.

Sometimes I accept to buy goods at stores with higher prices for some reasons such as warranty policy, customer care style, especially the product quality is always guaranteed...So, whether a store opens early or late, sells at a cheaper price or constantly discounts...does not necessarily help your business compete with competitors.

Overall, business is not simple and what we need to improve to attract and retain customers depends on the needs of the customers. So what we need to do is listen to our customers, see what they want and need, and then find ways to satisfy them.

In business, sell what customers need, don't sell what we have but not what customers need.

Yes, a business owner that knows what they are doing will never allow their business to lose its customer. You know, some people are just doing business because they saw others doing it and when they are faced with some challenges, they don't know how to escape and it can even cause them to go off business or lose many customers to competitors.

All you need to do to succeed among the competitors in the area, is to be more close to any customers that come to your store to buy goods, try to study the price they are giving to buyers in that area to know how to fix your price to have more customers because customers use to consider price and quality of the product when buying the products, and if your price is cheaper than other sellers in that area and your product is good, you will definitely going to make progress in that area. If you have the knowledge of the business, you don't need to be afraid of the competitors because the knowledge you have concerning the business, it will lead you to do what will make you to continue succeeding among the competitors without you experience losses in your business.

That's why you need to add uniqueness to your business or brand, there are definitely going to be competitions but you must think of how to do things differently from others. A lot people are reluctant to start up the business they want because they think succeeding would be difficult due to competition, this is why I made mention of uniqueness in the first place, even if you are doing the same business that a lot of people are into you look out for things that are lacking and meet those needs. It would be hard to succeed if you are just doing regular things.

It's not all the time bro, there's this super market in my area, I was once there customer but what stopped me from buying things there is because I have bought bad provision from there twice, I didn't bother to make complain.


It does, maybe not for every business but it does really Matter. You will not realize it until you have a business where your customers are already expecting you to be out early so that they can fill their needs urgently but instead, you are resuming by the time they have already fill their needs through an alternative.

While I agree everyone has the right to start any business as long as it's legal, I also think this would drop the value for both places at the same time. I mean if there is a very successful shop near me, I wouldn't consider starting another one just near them, because that would mean while I would get some of their customers and make some money, I would never fully reach my potential as long as they exist and they are the first ones there so I will always be second fiddle unless somehow I prove I am better than them eventually, and that would not happen right away, would take time to convince everyone I am better.

This isn't a smart business move, you should be doing it at some place else. However, I agree with the logic that they are allowed to do it, they are stupid to do it but they are not doing anything illegal, they can rent out 10 shops around that shop and do the same business with all 10 if they want to, there is nothing illegal about that.

I bet we are not the first to be on the business that we create, so we are also a competitor to others. We have no rights to complain. In a business, there must also be a thing called as "secret recipe" and as its name implies, no one can't know it, so just let them replicate your business but they will still have a hard time figuring out on how to actually succeed and have a status like yours. There is no need for you to worry about. Having a significant results takes time anyway, so those who will stick on the process are only the ones who are deserving for it.

If we are already on the top of the chain then there is no need anymore for us to fight back but it was our competitors which are below us are the ones who might do it. Also, fighting is wrong and all of us only have the same goal which is to earn so why can't we just treat each other well? I remember there is a term called healthy competition but I don't think it is like that as that seems contradictory since there is still a word "compete" there.

Lowering our price for no reason is hard. I know people likes it but we also need to think of our selves in order for us to sustain our businesses. Maybe we can only lower our price for those stocks who are about to expire and then we can give special discounts to our loyal customers. Oh wait, I think there is also if there are special occasions.

That shouldn't be your problem if someone else decided to do the same business with you, maybe to share your customers and to make sure that they too are making profits just like you do. Business is all about using the right strategy to get more customers for your business so that you can continue making profits while trying your best that you gather more customers. Business is all about competition and if you are not ready for the competition then you should not think about doing business at all because you will always see people that want to do the same business with you so they can take your customers, that is if you are not a good entrepreneur with diverse ways of keeping your customers and making sure that they always come back.

Competitor can effort on your business but it can also improve your performance. If you are doing small business,you want no competitor in the market because it will damage your empire and we will get the share in market . But one should not focus on that thing because God will help us by many ways and every person will get his income according to his luck . But we should not jealous by anybody and we should pray for the person who are our competitor then we will be successful one day.Hard work in very important but you should choose that field in  which market is not saturated because after saturation your success chances will be very low.

We can call it creative or innovative in a product or service so that we have different characteristics from the products we sell, so competition will definitely exist but how we compete in this huge market, of course, has good service and quality For our consumers, it will give a plus to a product or service that we sell.

In unique marketing also becomes very important, therefore some people must be good at doing marketing because it will be a first impression for potential customers.

People basically set the price of what they sell based on the amount they bought it, so you can't advice a business owner to consider reducing the price of things they sell just to attract customers in an area where there are competitors doing same business because if they should do that they might run into losses, the only advice you can give is that they shouldn't fix the price of their products too high such that customers might begin to make comparison between the competitors in that region though sometimes what matters in a business is the quality of the things you sell, if they are of good qualities customers won't mind even coming from distant places just to patronize you without minding the price.

Nowadays, most people become great business men or women because of the competitors they have around them. Without competitors, they might hardly become successful in their business. Competitors always bring more seriousness in different ways, not only in the business aspect. When people have competitors, they often become more serious about their lives.

I know a businessman who owns a provisions store near our house. It was the only provisions store in the area, so he was less serious; sometimes, he wouldn't come to the store on time, and even if some items ran out, he wouldn’t be in a hurry to restock. However, when other provisions stores started opening in the area, he became more serious, and he even went on to open a supermarket. Having competitors can motivate people to become serious and succeed in life.

If you think establishing an existing business seems like competition, then you are not ready, and you will find it very difficult to start up a business because there is no business idea you will think of that no one is doing already, and any business you think you want to start has already been in existence before. Any business you want to do, just look for a good location and start it up. The reason for the best location is to know if there is not much of the same business you want to start there, so establishing a business should be a competition unless you see it as competition.


I don’t know if you want to sell at lost, but to be sincere, when you are in this type of place, they almost always sell at the same price, especially if they both have something in the same place. You know everybody sells based on how they bought it from a company or store that is bigger than their own, so if you think lowering your own price will help you, what if, regardless of how low your own price is, you will sell at lost? The thing is, just look for where the same business as your own is not too much and open your own store.

It's all depends on the line of business that you are into. There are types of businesses that have settings and spacing, and such need to be respected. If it's a business, they have associations; you need to check if such is allowed. In my area, there is an approved spacing for medical stores. 
 
But if it's just a regular business where all you need is to strategise your pattern of marketing and make sure that you retain the customer you already have sometimes won't even leave you unless you were not treating them right, that's when your competitor will buy them over.

In order to stay competitive and become close to success, know how to elevate your business and make new developments every now and then. Stay connected to your customers and let your business stand out from the rest. I know that wouldn’t be easy but for sure there’s always a way. Patience and resilience are the keys. Don’t settle for less, but always go for the best, not just for yourself, but most likely for the satisfaction of your dear customers.

Recently the woman that sells table water at a lesser price in my neighborhood actually sell out than other competitors. And, I'm wondering why they've not thought about reducing their prices, recently the cheaper seller is gradually lifting up her prices after purchasing a new stock.

Hence, whatever a product is sold at, depends on the cost of material used in producing the stock. And nothing would stop a business from selling higher than they've spent in building a specific service. Hence, you are right, but in times of promo or competition cutting costs helps in reaching new buyers.

Do not consider just the places around you, in this day and age starting a shop doesn't make sense to me, starting an online business feels better. I have a friend who sells shirts, the most common and boring job anyone can ever do, there are million other places, and yet he makes money.

Well he did used AI to make designs, and he used some company that does "print to order" as well, he did checked out some examples, but seemed good enough quality, was terrible after 10+ washes, but still it was good enough for the price. So he did basically just upload his images that AI did, and he did marketing, that's it.

I believe online is where the small shop owners should go, starting a brick and mortar business isn't really acceptable these days and doesn't make sense, costs a lot and upfront capital requirement doesn't worth the income you are going to make. You can start an online business for like 100 bucks, and you could make that go very well, you just need some exposure that's it.

Competition is good for your business, it drives development forward. One of the reasons why plan economy does not work(communism) is because there are no competitors when the government owns all the businesses. Why would you bother to bother and to improve your products and services when everybody has to buy from you anyway?

When you have competition you have to move forward to win marketshare and to survice. Thats makes the products and services better. Not only is it good for your business, but is it also good for society as a whole. Everybody will benefit from constantly improved products and services. That is the main reason to why free economies does not want monopoly situations. It is not good for the society, and at the end not good for the business either.

You have to like your competition, thats the way how to deal with it.

When you start a business, you should plan to do something different from other stores and attract consumers. Businesses that do the same job in the same way cannot be different from each other and expectations are usually not met. There are many things that will make it easier for a business to compete and to provide these conditions, research should be done before starting a business and should not be rushed.

Today, many ways to make money have emerged. While opening a store used to provide some advantages, things have become more difficult now. Business owners may have difficulty in situations such as workplace rent or lack of expected sales. Not everyone can do business online or prefers it, but today things have become different and it is necessary to keep up with the times.

As a business owner you have to accept that you will face intense competition if you are successful and able to make a lot of money. There's a few ways you can try to protect yourself, like using trademarks or patents to defend unique products or processes that you invented. If you're a website owner or do things like manufacturing artwork, then you should probably seek to defend your copyrighted works as well. Sometimes your brand reputation can be the distinguishing factor or a specific location can give you a slight advantage that will make you profitable compared to other people. It can be a good thing though, because failure to innovate can cause you to stagnate and having to deal with competition should revitalize any business.

This is the difference between B2B business and B2C business. If you are doing B2B then it doesn't matter where you are and who opens a shop near you, but obviously he is a B2C shop and that means he is going to have hard time. Think of a place where it's the only shop of it's kind, and people love it, then we would just have people lining out of the shop, it would be crowded and everyone would wait and this shop would take them as customer slow by slow.

But if there is another one, those extra people would just go there, why wait? This is just one example and we need to remember we are going to see this very complicated situation as something to handle as it goes by, we can't know what to do from a forum post, so it will take a time to get this used to it.

That may happen in some places but in other conditions when there is competition that occurs in business matters, of course, it is a very natural thing and does not need to be considered as a thing that is considered to be a real problem when we do business well.
Because in the end before starting to talk about competition, of course the focus in doing business or business is back to ourselves whether in the end we are able or not to establish ourselves in that position (as a businessman). Because in the end when we talk about business, it is certain that our mentality must be really strong to face anything including trade competition. Indeed, in this case when we lose the competition, the risk of destruction may exist but in the end when we establish ourselves, for example when you make a shop to sell medicine or whatever, we must certainly establish ourselves with service and of course quality because in the end, although everything is left to consumers when talking about competition, in this case they will definitely choose what they are comfortable with and think is worth visiting. Because in the end business competition is inevitable, we must at least make ourselves worthy of being able to compete better than competitors.

I have to agree. In order for any business to succeed and prosper, one should always focus on what you can offer and satisfy the customers, because that will create a reason that they will keep coming back to your store regardless of its price and location. If they feel easy and at ease dealing with you, they will surely keep coming back. Aside from price and item quality, customer service makes a very big factor that they'll always patronize your store, even if new competitors will continuously arise in the market.

If you are creating a satisfaction, it shouldn't be something that will get tired of people and it should be something they need all the time. For example, there is no alternative to rice, it's one of the most consumed cereals around the world and now imagine your customer that eat it every Sunday, they will always patronize you no matter how cost it has become or how scares it is since it's a food they can't do without even if there is high demand with increased price, they Wil buy it.

Make sure it's economically not challenging, if the supply becomes too high, there is going to be few available goods for people to buy and it will stop your business to progress. Such situations, you can't make money unless there is supply around you. Don't allow your business to be restricted by such, the supply should be something you can get anywhere any time.

In terms of maintaining customer satisfaction, of course, every businessman will continue to innovate in order to maintain customer satisfaction and also attract the interest of every new customer so that their business can continue to run well, related to rice, of course we must have good quality to sell so that after people buy it they are not disappointed with the rice we sell because if someone is disappointed with the quality of the rice they buy, of course they will tell other people and this will certainly make our business no longer able to grow and even have to close it because there are no more enthusiasts.

Maintaining the supply of goods so that it is always available is indeed a challenge for every businessman, but when they can ensure that stock is always there in any condition, of course it will make everyone subscribe to them and this will certainly make it very easy for them to find the needs they need without having to bother even though other places do not have stock.

When facing competition in business and being successful, the first thing you need to do is prioritize service and communication because both are one of the weapons to increase success in business.

In the midst of increasingly tight business competition, price competition will also occur. However, if you have a quality guarantee (value) that is not the same as them even though the product is the same. However, if you have good service and communication, it will be an added value, sometimes the price we sell is a little expensive, it will not be a problem for buyers.

As a seller, you definitely like to attract potential buyers with simple offers plus providing detailed product information. That way, customers can understand and your target is achieved. Whoever comes to you, try to get him to buy your goods, don't let him fail to buy. Even though your price difference is more expensive, even though the price difference is not much different. However, if you have good marketing knowledge, your business will grow even more in the midst of the same business competition.

Quite interesting topic. First, I want you to understand that it is a human nature to envy others especially when they are doing well, but how you control or manage that envy matters. You have to understand that the person who choose to move to your business location and offer similar service feels that he/she can offer a better service to outsmart yours, and I believe you know that anyone who offers a better service gets more attention.


Now, even though I'm not a marketer or business expert, I might want to share my own opinion from the consumer/buyers aspect because I think it matters.
You have to understand that what consumers needs is a product that they can trust, and a trust product must come from a genuine or unique dealer. You have to be different. You have to offer a unique service. I have purchased products from people and end up regretting it. And when a consumer regrets purchasing a product, I bet you that he/she will never go there again.

And one other thing is, try as much as possible not to make mistakes. Mistakes like looking down or not giving attention to customers can give upper hand to your competitor. Some mistakes can even drag a business down forever.

You don't have to feel threatened. Just see it as a competition. I guess you haven't heard of stories of companies like Nike and others, or the massive competition between coca cola and Pepsi. These are companies that where able to compete so well. Just do your thing.

that's right friend, in my neighborhood there are many rice shops of course they set prices that are not much different and also vary in price according to the quality of the rice itself. The interesting thing is that here there is a grocery store that sets prices lower than other stores and this makes the store more crowded than other stores, from here I think that if the problem is about the economy or groceries, it seems that there is a slight difference in price, many people will chase it, especially housewives.

In addition, even though shops like this get a relatively smaller profit than other stores, I think it's not a problem because as long as the goods are sold every day, it's a good thing too, with this they will think about providing a larger stock because they know that shops like this are the most sought after by the community in terms of economy. The owner of a company or shop must be able to think about how to attract the interest of his customers and this is one way that can be done and make many people interested and become regular customers. When they have become customers, when they are disappointed, they will probably still stick around, but if they have been disappointed many times, maybe that could make them go looking for another shop.

It’s really interesting to know that this trend delivers the necessary information and ideas on how one can go about starting up a business regardless of the environment. It’s a very educating.

The surrounding environment should also be a concern for today's businessmen even though the environment is not the only target for every businessman in seeking more sales targets. But every environment should not be ignored by all businessmen because as long as they can still market their products into the environment, of course it should be their concern even though businessmen will also continue to make adjustments to current trends in terms of creating a wider marketing level so that they can continue to compete with any competitor.

This topic is really great since to many useful information to learn from. The insights or suggestion given by people is somehow really helpful since a businessman or starter could get an idea on what to do  to have better more approach towards their competitors.

And its really great to pay attention on costumer satisfaction since this is how those costumer came back since trust is always important in the business and if a business owner could deliver good towards what people need then for sure that they would never go anywhere and stick to the store where they usually go.

People who do not have knowledge about the market can get an idea by reading or listening to other people's conversations on this subject. The more people comment on such topics, the more ideas will emerge. Ideas help people and make their jobs easier. That's why the things discussed here are really useful.

Customer satisfaction is important for every business because the business wants to have a continuous income. Just making a profit for 1 day, 1 week or 1 month is not enough for the business. Businesses that care about customer satisfaction and customer suggestions are always ahead for the continuity of the business.

Suggestions and input from people are very necessary in running a business and it is very important that way you can see and feel the shortcomings in your business, that way you can fix it quickly. It seems like an effective thing to apply because there are many factors that need to be considered in running a business so that it progresses.

Business people do need to consider suggestions from others regarding the business they are running, but the business owner must also see who is giving the advice. Because if the person giving the advice is someone who has not had any business in his life, of course there is no need to be too busy to hear it because he himself has not done anything in the business sector. But if the person giving the advice is someone who has really succeeded in a business, I think it is a blessing for the person who receives the advice because currently it is very difficult to find advice from successful business people.

I think the most important thing here is to find the niche, if you are providing something you will eventually be able to specialize in specific sectors, so find them and that is what will differentiate you from your competitors.

Like for example, Joint A has good burgers while Joint B has excellent hot dogs - so people visit each joint for a specific product or purpose.

If your sector is not like that you can try giving competitive prices and promotions - but the most important thing is quality and customer satisfaction - you will grow your userbase over long term.

With every point given in the comment section and the ideas shared. I’m convinced that competition in business is normal and it helps one step up their business. But what I’m not finding cool is when the said competitor involved goes the extra mile in ruining another competitor’s business by bringing diabolism. It doesn’t make any sense than showing sign of hatred and jealousy

Their is no business that you want to start that their won't be competitors and every idea is already in the process of establishment, the idea now is that you have to find a way of making people interested in your product it is very important to belief in your self. Because the demand is what you focus on and you have to be able to convince your self to be able to patronize because the demand have to be high and the same time you have to also work on relationship with people because one of the advantages that other people have is people they relate with, the have good customer experience.

And when you have a lot of things in other, so that regardless of your price and location people will still patronize your products, because their products thay have gotten the name and no matter how the price continues to increase people will still buy that is how powerful building a name can be, and they even do a lot of patronage on influencers to make adverts for them.

Starting a business this period is not easy at all and you have to be prepared because this days the economy is not helping a lot of businesses and a lot of them are closing, because of tax and low sales and other factors so only few businesses can survive this harsh periods.

As long as you are the better business, the customers will come to you, regardless of how many similar businesses are placed near you. But you really need to find that one thing that will make you stand out from the other businesses and marketing can take you only so far.

Competition is good for business, it keeps you on your toes and makes sure the customer gets exactly what he/she wants.

Costumer satisfaction is really important since without threating well our costumer for sure we would not became a better business for them. So what we could able to do to overcome our competition is to scout what they are offering to their costumer then offer more than what they can give. For sure that costumers would go to our business if they know that we have lots or more discounted price.

Also we should know that being friendly and have good  relation costumer is another recipe for success. Since also there's no people will go to seller if they know that they are bad person. Also for sure there's lots of marketing methods or other things helpful so that we can overcome then succeed to defeat our competitors.

Competition in business has become commonplace and you must accept and face it, besides that you must be able to be better than your business competitors and remain the best and maintain the quality of the business you manage and also yourself in terms of friendliness, politeness and also smiling a lot so that your customers are loyal to you.
And most importantly if you feel alienated you can do research by analyzing the strengths and weaknesses of your competitors, market position, strategy and also pricing strategy, and customer service approach and so on that are related to your business. And with all that you will not feel challenged or disturbed by your competitors, because your competitors are the same as you, doing business to make a living and coincidentally their business is the same as yours.

Take your customers' suggestions seriously and start developing your business according to these suggestions. Never reduce the quality of your work in order not to lose your customers. There may be many businesses doing the same job as you, but the important thing is to be the workplace that customers will prefer. In order for customers to prefer you, you must have a difference from other businesses both in terms of price and quality.

Competition is always there and you have to constantly improve yourself against competition. Businesses can change over time, but those who have quality and price advantages always win during this change.

You really have to exceed the expectations of your customers so that they will go back again and again because of your good services. Of course, the quality of work is also one factor that customers are looking. Just be consistent on what you deliver and then let your work do the talking.

Life is a competition itself, so if you have been in this world for many years, you should by now knows how everything works. And so you can apply that in your business as well. So everything right every time and be a visionary, have a good business acumen and stay ahead of your competition by being creative.

Yes I agree, having zero competition is the thing that is actually unlikely, I mean nobody would want competition that part is true, but everyone has that right to be your competition, so you shouldn't be really going against this. Doesn't matter if they come in later after you prove a concept, the world is filled with a lot of people who did a job, and everyone did the following.

https://www.talkimg.com/images/2024/11/11/bYJIb.jpeg
Even in crypto, we see plenty of projects, like someone did the first ever NFT, then everyone else did it. Competition is not something you can avoid, it will happen and you have to accept it as reality.

We can't just keep expecting to go life without any competition. Just do a better job than them and people would prefer you instead, that's how it works. In liberal worlds, free market means the market will decide on itself, and prices and quality of product will be based on competition, if you ask a lot and offer bad services you will bankrupt, if you are cheap but high quality you will do great.

Business itself is a competition. What should matter to you is how you handle the situation. As for me,I will advise you to be more open to people who come to buy your goods,make a good rapor with them,create a friendly environment for them. This and some others can still make you successful even though the person is selling the same products or good with you.

In terms of competing in any business field, you must also have a wise enough attitude for every businessman because in addition to having to pursue sales targets from the business they run, they must also be able to collaborate with other partners who can need each other so that they can benefit each other when developing their respective businesses. So competing in anything also requires insight in seeing certain environmental situations and conditions so that every businessman can take good opportunities at certain times.

Smooth words came from your opinion here. Life as an entirety is all about one competition or the other but since we are talking about business here, it is one fundamental aspect of business that makes you strive more for youe business which also brings about more profit and longevity in business in real sense. You may want to ask reasons why I said so, but we tend to improve on our products and services when we have competition in the market. In fact many discoveries in the business world today are as a result of competition.

When you come up with a solution to a problem and you have other businesses populating that idea, it changes you with more energy to curate a more improved variety of the solution you created earlier. This could directly come from you or from your counterparts, that is, those whom you are in the business with. This has made the business landscape evolve overtime.

If your wish as a business person is to monopolize the trade business, be rest assure it won't last for long before you are enjoyed by other competitors. Your brand remains local and out of ideas when there are no competitions. Therefore, it is only realistic and okay to expect competitions and be ready for improvements.

Constant improvements are vital to staying afloat in a business field when there is high competition because the world doesn't like outdated stuff anymore. If you want your customers to be your customers, offer them things they can't get from elsewhere because if a competitor does that before you, you will most probably lose them. After all, they won't be interested in outdated products you offer them when they are getting better and up-to-date items from another similar business around the corner.

No matter what business you are into, where your business is located, and what you offer or sell, you will have to be the best version in the field you are in to outplay your competitors. That is the only way to stay in business for longer. Firms with no or less improvements tend to get outrun by other companies that copy their business model but make some changes and improvements to it.

Even if you are starting a unique business with an idea of your own, there will always be other business owners who will get into the same industry as you over time. Still, they shouldn't be able to offer something you have created better than you. If they do, your business will be at risk.

There is always going to be a competition in any business you started, you might be the first individual to start the business in your environment or the world and as it gets popular and start to bring in profits, you're going to attract some other people that'll start your exact business. Some might go as far  setting it right opposite yours. There are two types of business people, one is the business owner that'll face a competition and dies off because his business wasn't able to live up to the strength of the competition.

And there's other business owner that will meet a competitor and kills the competition before it kicks off. The second individual didn't joke with his business, he improved it and made it up to standards of the modern world hence he keeps winning.

Profitable niches of the market will always have competitors trying to stand out among every businesses available. That is natural and should be expected by every professionals. The point is that, if you are a skilled professional who offer quality services to your customers, there will be always people willing to buy from you. It's not necessary to be the best professional of the market, but if you manage to be among the 20% of them, you will be already in a good position in the market.

It's important to not waste your energy thinking on your competitors and on how they are going to affect you. Rather, it's better to focus your energy in providing the market the best you can do. Of course, it's easier said than done, but that is something every of us have to try every day diligently.

You need nothing to worry about because competitors are part of business, sometimes I feel if you don't have them in business your business doesn't worth it, and it's just like you're the only one in that business but having competitions helps in giving you determination to do better and take your business to any levels it ought to, so you just need to have best marketing skills to beat up your competitors.