Investor legends: World Most Exclusive Investor Club

[baghdatis1990]

        I think government support would be a perfect idea for the crypto market to become stronger. Unfortunately, I do not think this will happen in the near future. Today, governments in several countries are looking for solutions to ban cryptomonas, being considered a danger to banks. I am of the same opinion, the government-backed projects attract more investors.

[investorlegends]

There’s a lot of talk out there about mentors, especially regarding where to find them, how to ask them for guidance, and what to do to keep that relationship strong.

But if you’re like most people, you’re probably struggling with the very first step: How do you find an amazing mentor in a sea of professionals, and how do you get that person to want to help you?

If you’re stuck, these nine awesome resources can move you along.

• First and foremost, stop thinking of mentorship as something you get and think about it as something you do. (99U)
  Mentorship is all about what you put into it as the mentee, too. Make sure you can dedicate the time and energy necessary to be mentored properly. (Forbes)
  There are eight levels of mentorship (the highest of which is finding an actual mentor). Are you utilizing the other seven? (Michael Hyatt)
  Here’s something important about finding your career spirit guide: That person doesn’t even have to work in your field. (Fast Company)
  You can’t land the best mentor ever until you explicitly map out your goals and set clear expectations as to how having an experienced person there can help you achieve them. (Entrepreneur)
  If you have no idea what type of mentor you’re looking for, these 10 things can be incredibly important for narrowing your search. (LinkedIn)
  Take some mentorship advice from one of the most successful entrepreneurs (and mentors) of all time: Richard Branson. (Virgin)
  So, you finally found someone you think would be the perfect mentor. One important question: How the heck do you get him or her on board? (Lifehacker)
  Don’t be afraid to ask that big, important person to be your mentor. You just have to know what steps to take to get there. (The Muse)

by Lily Herman

Source: www.themuse.com

https://www.investorlegends.com/blog/9-tips-for-finding-and-getting-the-perfect-mentor

[disconnectme]

It is a good idea but what I have against this is that the team is not bold enough to put their names and faces on the projects they are charging people money on. I for one will not touch this because I just smell something is wrong, don't get me wrong this is needed especially after the recent bear run and to make the most of the next bull run one need to be well positioned  and this could help with that

[investorlegends]

        I think government support would be a perfect idea for the crypto market to become stronger. Unfortunately, I do not think this will happen in the near future. Today, governments in several countries are looking for solutions to ban cryptomonas, being considered a danger to banks. I am of the same opinion, the government-backed projects attract more investors.

It is a good idea but what I have against this is that the team is not bold enough to put their names and faces on the projects they are charging people money on. I for one will not touch this because I just smell something is wrong, don't get me wrong this is needed especially after the recent bear run and to make the most of the next bull run one need to be well positioned  and this could help with that

Thank you for your attention to our project.

And also thank you very much for the feedback, we will take into consideration your wishes and will implement in the near future. At the moment, the project is on registration stage and in this connection, membership is currently free of charge.

[investorlegends]

Seth Goldman and Barry Nalebuff built Honest Tea from scratch into a $100 million enterprise.

In my recent article on Forbes, you get a few lessons and a compelling story of their journey.

But wait, because there’s one more thing. In fact, 10 more.

Goldman and Nalebuff share 10 must-follow rules on how to start and build an equally impressive empire (you can find these rules in the back of their book; ‘Mission In A Bottle’):

1. “Build something you believe in — because that’s the first step to building a great brand.”

Just like Goldman and Nalebuff, I learned a powerful lesson in tenacious passion from 30 plus years of entrepreneurship. When you’re all alone, sitting in a dark room wondering why your business is failing, there is only one true thing to power you forward — you believe in your purpose.

2. “Don’t aim for 10% improvement. Make it radically better and different.”

Yes — in today’s society we collectively create amazing products, services and companies through entrepreneurship. World changing at times and Honest Tea was radically different when first introduced. But, if you look around, we also live in the land of ‘me-too’ businesses. Don’t fall for it. Dig deep and decide right now to build something radically different and radically better.

3. “Prepare to be copied. Don’t start unless you’ll survive imitation.”

If your idea is truly radical and takes off, you can count the minutes before the copy-cats arrive. How will you survive competition from the big 800-pound gorillas on the block? Or even from the upstart little guys? Your key is a system of ‘continuous innovation’. Although you could also take the road of Honest Tea — make friends with one of the gorillas and let them buy you out. (Coca-Cola Companyacquired Honest Tea in 2011.)

4. “Build up reserves of money and energy for bad luck and mistakes.”

Great advice — but sometimes extremely difficult to do. What startup or growth company has reserves of cash sitting around? But Goldman and Nalebuff make a good point — run as lean as you possibly can and do not waste money or energy. You will endure mistakes and bad luck along the way, so having a good war chest full of capital and energy can help handle it.

5. “Never, ever give up control — until you sell.”

Some high-impact entrepreneurs will readily give up control in exchange for the lure of high-growth through venture capital — but I am not one of them. Relinquish control and you risk losing the culture and vision of the company you set out to build. Even though Honest Tea raised investment capital from the beginning, the co-founders always remained in the driver’s seat. (And yes — Goldman can still drive his vision as CEO of Honest Tea, but his boss at Coca-Cola can say ‘no’ at anytime. Thus, true control is forever gone.)

6. “Don’t compromise on the big things — compromise on everything else.”

Vision. Purpose. Core values. Write these things in stone and never budge. But flexibility in the value propositions, products and services you build to execute your purpose is vastly important. Many entrepreneurs I see fail to ‘bend to the market’ by adapting to what their customer’s are telling them.

7. “Figure out how to achieve your goals on a tiny budget — then cut that number in half.”

Yes — you’ve heard it said before — it will cost twice as much, and take twice as long as you think. My recommendation is you apply the principles of lean to your business from day one. No fancy offices. No fancy full color brochures. Your goal is to stay alive until you can nail your secret formula for success. Blowing the budget will insure nothing but a quick death.

8. “It’s a marathon, not a sprint.”

Is it ever. Building a business is neither for the faint of heart or the speed demon. Climbing Mt. Everest is not done in 3 easy steps: 1.) decide you want to do it, 2.) fly to Nepal with zero preparation, 3.) sprint straight up the mountain in 12 easy minutes. Build systems for the long-haul and focus on small-connected steps. (It takes 26,364 steps of 7″ each to climb Mt. Everest, and that’s starting from half way up at Basecamp.)

9. “Take care of your family, personal and spiritual health — if you aren’t laughing or smiling on a regular basis, recalibrate.”

Imagine the path to a wildly successful business: founder working at a feverish pitch for 18 hours each day, for at least 5 years straight. True? No, it’s not. In my private conversation with Goldman, he flat-out told me two reasons he made it through the rough years: first — he believed in his purpose, second — his drive for personal balance. The notion we need to kill our family relationships, personal health or level of sanity to build our own business is sadly misaligned.

10. “Build the enterprise and the brand as if you’ll own them forever.”

Will you sell your business someday? Maybe. Should that be the sole reason you are building it? Probably not. When you start and build a business based on passion and purpose, with a burning desire to solve the pain of your customer through the deliverance of monetizable value, you build a far more valuable enterprise. Those in it for the short-term quick buck rarely succeed.

Plaster these 10 rules from Goldman and Nalebuff to your mirror, live by them everyday of your life as an entrepreneur and you might end up as successful as they. Honest.

by Eric T. Wagner

Source: www.forbes.com

https://www.investorlegends.com/blog/10-rules-to-build-a-wildly-successful-business

[investorlegends]

Successfully scaling a business is all about doing the fundamentals and having the stamina to see it through.

Let’s face it. Scaling your business is hard. It takes considerable effort. In the beginning, it means wearing different hats. It means dealing with sales and marketing. It means understanding taxes and corporate compliance. It involves having to interact with customers on a daily basis. And so much more. At the end of the day, it takes its toll on you.

If you’re struggling to grow your business, there is light at the end of the tunnel. Sure, it’s hard. But, what’s the alternative? A life-sucking 9-to-5 job? Surely not. Okay, maybe you’re longing for the security of a guaranteed paycheck. But, at what mental or emotional price will that come?

The truth? If you buckle down, clear your mind, and just look at things in perspective, you can easily identify ways you can grow your business and make more moneyquickly. While hundreds of business growth strategies likely exists, the following 15 will take your business to the next level quickly and efficiently.

Roland Frasier, a business growth strategist, has a unique approach to scaling businesses. As a principal of Digital Marketer and Native Commerce Media, and CEO of War Room Mastermind, he knows a thing or two about the online marketing world.

Frasier, who builds and scales seven, eight and nine-figure businesses tells me that there are loads of ways to grow a business quickly. But, only 15 core strategies that will truly make a real impact on your bottom line. Some are time intensive at the outset. That much should be expected. But, the benefits and profits will ultimately make them well worthwhile.

Like anything else in life or in business, you have to put in the time if you’re looking to reap the benefits. Don’t focus on the short-term outcome of your work. Look to the long term. Build sincere value and look to help your customers. Genuinely care. That should be the foundation. After that, it’s simply a matter of taking action and putting in the work to scale.

1. BUILD A SALES FUNNEL.
The first way to quickly grow your business is by building a sales funnel. If you don’t have a sales funnel, you’re making a monumental mistake. Sales funnels can help to automate your business. It helps you to scale and grow quickly and easily. Sure, there’s some front-end work involved. Obviously. But, once those processes are in place, it’s smooth sailing from there.

Frasier says that every sales funnel needs to be carefully conceptualized before it’s created. Consider the different funnels first and foremost. Whether it’s a free-plus-shipping offer or a high-ticket coaching funnel, it’s important to build your automated selling machine to quickly scale and grow your business.

2. UTILIZE A CUSTOMER MANAGEMENT SYSTEM.
Manually tracking transactions is hard. No one wants to do that. It gets too cumbersome as the business grows. If you want to scale quickly, use a customer management system. There are plenty to choose from. But, it really depends on your line of work. Of course, cloud-based software like SalesForce is always a viable option.

Quickbooks can help you with the accounting. InfusionSoft can also assist with sales and marketing. There are plenty of CMS systems, most of which integrate with other cloud-based services. Find what works for you and utilize it.

3. RESEARCH THE COMPETITION.
When going to market, and you’re really looking to get your offer to the masses, you need to research the competition. Frasier says he uses two platforms to conduct his research. The first is Similar Web. The other, AdBeat. Both provide competitive intelligence. It’s your chance for x-ray lenses into all landing pages, ad copy, and other stages of the funnel.

This allows you to uncover any advertiser’s online strategy. Find the ads that have been running for the longest and emulate those. That’s the quickest way you scale any business. If it’s proven and it’s working for your competitors, it’s likely it’ll work for you.

4. CREATE A CUSTOMER LOYALTY PROGRAM.
Loyalty programs are great ways to increase sales. It costs up to three times more money to acquire new customers than it does to sell something to an existing customer. Other resources pin this number anywhere from four to 10 times more. However, any way that you slice it, acquiring new customers is expensive.

Frasier says that building a customer loyalty program will help you retain customers. It might also help you attract new ones as well. If there’s a clear incentive to spend more money with you, it’ll pay off in the long run. Build an attractive loyalty program and make it accessible to your existing customers and watch sales skyrocket over time.

5. IDENTIFY NEW OPPORTUNITIES.
Analyze new opportunities in your business by understanding your demographic better. Understand everything from distribution channels to your direct competitors, and even an analysis of foreign markets and other potential industries. There are likely dozens of new opportunities you could pursue immediately with the proper amount of analysis.

6. BUILD AN EMAIL LIST.
One of the most best and most effective ways to grow a business quickly is to build an email list. Clearly, that means you need to have a lead magnet. Why else would people subscribe to your list? And, with a lead magnet, comes the necessity for a sales funnel. Look into companies like Aweber, ConstantContact, ConvertKit, Drip, GetResponseand others for building and managing your list.

7. FORM STRATEGIC PARTNERSHIPS.
Strategic partnerships with the right companies can truly make a world of difference. It could allow you to reach a wide swath of customers quickly. Identifying those partnerships might be easier said than done. But, look out for companies that are complementary to your own. Contact them and propose opportunities for working together.

8. LEVERAGE GLOBAL PLATFORMS.
In the ecommerce business selling products? Why not use Amazon’s FBA service? In the business of selling services? Why not use Upwork? In the business of renting vacation homes? Why not leverage AirBnB, InvitedHome, HomeAway or other global platforms? Find a platform that’s reached saturation and use it to grow your business quickly.

9. LICENSING DEALS
Doing licensing deals is a great way to grow your business without too much added effort. If you have a product that you can license to others and share a revenue of, that’s an ideal way to grow quickly. Taking a popular or successful product and bringing it to a company with a large footprint can help you achieve market saturation quicker.

10. CONSIDER A FRANCHISE MODEL.
If you have a successful business, and you’re really looking to grow quickly, consider franchising it. Although franchise costs are high and moving to a franchise model is complex and takes a lot of marketing know-how, it could make all the difference if you’re truly looking for quick growth.

11. DIVERSIFY YOUR OFFER LINEUP.
Look into diversifying your offers. What complementary products or services or information can you offer in your business? In order to grow, you need to think about expansion. Identify new opportunities within your niche. Uncover the pain points. What else can you sell to your clients. Where else can you add value in the exchange?

12. BUILD PASSIVE INCOME STREAMS.
Growing a business takes significant effort. If you’re dealing with razor-thin margins, consider building passive income streams. This way, you don’t have to worry so much about keeping the lights on, so to speak. Passive income will afford you the opportunity to make mistakes and not have to lose your shirt. It’ll keep you in business and provide a basis to grow and market and scale quickly by giving you ample resources.

13. ACQUIRE OTHER BUSINESSES.
Sometimes, acquiring other businesses is a very quick way to grow your own business. If you can find competitors or businesses in other industries that would complement your own, you could use them as platforms to scale fast. Take a look within your industry and even outside of it to find potential for potential opportunities.

14. INTERNATIONAL EXPANSION.
Can you expand internationally? Can you take your existing offers and scale them internationally? What would it take to do business in Canada or Mexico or Europe? If you have a converting offer, international expansion could be a quick way to grow. You’ll incur some costs. Sure. But, the potential for profits could be massive.

15. CREATE A WEBINAR.
Webinars are a great way to promote any product or service. It can also help you grow any business relatively fast. Webinars provide an automated selling tool for literally taking any product or service to market and reaching a wide audience quickly. The webinar medium is great for captivating audiences to clinch sale after sale, automatically.

by R. L. Adams

Source: www.entrepreneur.com

https://www.investorlegends.com/blog/15-ways-to-grow-your-business-fast

[investorlegends]

Private placements raise roughly 3 Trillion USD per annum, think if you can do it with less friction and less middlemen?

We all have seen the dotcom era, the social media era, last year the utility token era and we all know security tokens will be the next big thing...

Mobu aims to develop the infrastructure for both the launch of a compliant security token as well as the secondary market for them globally.

Mobu will obtain equity stake in licensed Stock exchange in South Africa with T+0 settlement and halve the fees of the JSE. Mobu will also be the sole broker for all security tokens.

The Multi trillion USD market remains untouched in the blockchain space.


http://www.mobu.io

https://www.investorlegends.com/forum/topic/mobu-the-security-token-protocol-and-licensed-operational-stock-exchange

[investorlegends]

Company Name: DotChain GmbH

Website: https://cwinex.io/

Industry: Investment & Finance

Stage (idea, ready business, pre-startup, etc): Ready Business, Beta version available.

Type of investment, proposed share for investors: Private Sale Tokens at discount 20%

Bonus: 5% Referral bonus

Needed Amount (USD$): 1,000,000 Softcap & 10,000,000 Hardcap

Platform: EOS


https://www.investorlegends.com/forum/topic/cwex

[investorlegends]

The most difficult obstacles to get past are the ones we place in front of ourselves.

I’m a people pleaser. It’s hard for me to say “no” to people who ask for something — despite a reluctance inside of me. This has gotten me into trouble more than a few times in life and especially in business. Time is precious and slips by quickly but there is also no lack of things that have to get done in an entrepreneur’s life.

For 12 years, I took life a day at a time. I had a dream but no goals for making it real. I just woke up each day hoping for something more. In 2011, I had had enough and began chasing my dream of starting a lifestyle business. This meant more work on top of a service business that took 60-80 hours of my week. It didn’t take long for me to realize that something had to give. I had to learn how to say no to open up room for the things that were important. Seeing how much time and energy was freed by saying no, I started looking at all the other areas of my life. Here are six things I said no to. Saying no helped me live a much better life and create the kind of business that I love.

1. OTHER PEOPLE’S BAGGAGE.
Life is hard for all of us. Sometimes it’s easier to push your baggage onto someone else, maybe even without you realizing it. If you are trying to make changes in your life and someone reacts a certain way because of their baggage, it’s up to you to say “no”. You don’t need any more drama in your life. For me, this meant ignoring some people on social media and purging negative people from my life. It meant ending the business partnerships that were not in alignment with the direction I was taking my business.

2. SITUATIONS THAT I KNEW WOULD MAKE ME ANGRY.
There are things in life that you know you don’t want to do. For years, I just rolled with it. I went to gatherings and hung out with people who I knew would make me angry. I got on “get-to-know-you” calls with entrepreneurs who were all talk and no action. I entered into collaborations with business owners that weren’t serious. When I said enough and stopped, it felt like a weight was lifted off of my shoulders. It freed my mind and business and helped me focus.

3. A BUSINESS THAT I ABSOLUTELY HATED.
I had a service business in the vendor industry for 12 years and hated it. I felt stuck and believed that someone like me — a high school dropout — couldn’t do better. In 2011, I said “no” more and worked hard for four years to make my dream of being a global lifestyle entrepreneur a reality. I now wake up loving what I get to do for work and traveling the world. Saing no led to happier days.

4. UNHEALTHY HABITS THAT FELT GOOD.
I love food. I said yes to junk food and no to healthier choices. This, as you can imagine, led to major weight gain. At one point, I was 193 pounds overweight. I started saying no to unhealthy choices and started exercising, I’ve lost 121 pounds so far this year. Today, I have more energy, focus and confidence. Life is better. I wake up ready to work on my business. I feel great when I travel for consulting presentations at multinational corporations.

5. TOXIC RELATIONSHIPS.
Purging negative people from my life and saying no to what they tried to project into my life led to relief and happiness. These relationships included romantic relationships, friendships and business connections. It was hard, but I had to say no. Toxic people will keep you off track and make your life unenjoyable. Purge negativity from your life and business whenever it’s possible.

6. HOLDING ONTO THE PAST.
I had a messed up childhood that involved physical and mental abuse. I chose to be homeless at 17 instead of continuing to be beaten with lamp cords. The demons from my past threatened to destroy me as I grew into an adult. I had to let go. I had to say no a lot more. I had to forgive to begin the healing process. I don’t know what you have or are facing. I do know that to heal, you have to let go.

Just because you’re saying no right now doesn’t mean you’ll have to say no forever. Life has seasons, and some are busier than others. The point is to make sure you’re doing the things you want to do and that lead to the kind of life and business you want.

Don’t let other people’s motives make decisions for you. This is your life. This is yourbusiness. You get to decide. Say no to things that don’t make sense for you. Say no to things that don’t feel right to you. Trust your intuition. You know whether or not you want to do something. Don’t be pressured into saying yes.

by Kimanzi Constable

Source: www.entrepreneur.com

https://www.investorlegends.com/blog/i-started-saying-no-to-these-6-things-my-life-and-my-business-got-a-lot-better

[investorlegends]

If your new business is going to be operating in a competitive marketplace, it’s crucial that you find a way to differentiate your business from all the competitors out there.

In short, why should customers choose your products or services over what’s already available?

If you can’t answer that question, then you need to read on to find out why it’s essential startups and small businesses find a niche, and how you can spot a potentially profitable gap in the market.

WHY FINDING YOUR NICHE IS SO IMPORTANT FOR STARTUPS
Competitive pricing and an excellent level of customer service are both great ways to keep your customers coming back to you, but they might not be enough to draw people in on their own. The most effective way of getting customers through the door in the first place is to spot a gap in the market and fill it.

If you can provide consumers with something they can’t get elsewhere, or offer a significant improvement on what’s already available, your business will soon make a name for itself.

The best way to do this is to focus on a niche and do it so well that you’re the best on the market.

While it may seem like you’re limiting your potential for growth by concentrating on a niche rather than the market as a whole, the contrary is actually true.

Some of the biggest companies in the world have expanded from a niche that they made their own; Apple started off with the Macintosh desktop computer and now dominate the smartphone, laptop, and tablet spaces. Their success was a direct result of the fact they gained a reputation and fierce brand loyalty in one niche that they could easily transfer to other sectors when they chose to expand.

Finding your niche in the marketplace could, therefore, be the most important thing you do in business. But how do you do it?

HOW TO FIND YOUR NICHE
The easiest way is to start a business in a sector you’re already familiar with. If you’re part of the target market you’re looking to sell to, you’re in the perfect position spot a gap in the marketplace. If you do, then you know there’s space for success in that niche.

In the digital age, you have access to potential customers all around the world thanks to the internet. The further you narrow down your niche, the better chance you’ll have of being the very best in the world at it, meaning you could make sales to people in every corner of the globe through an online store or a seller’s page on sites like Amazon and eBay.

According to a recent article from Entrepreneur, niche micro-companies are set to gain more and more of the market share in the future. These small, specialised businesses can often outperform bigger companies who spread their focus over hundreds or even thousands of niches by focusing all of their attention on one.

In your search for business success, you could therefore be better off aiming to be a David rather than a Goliath — while your competition tries to be a jack of all trades, you can quickly rise to the top of your niche by being the master of one.

HOW A SUCCESSFUL NICHE HELPS YOU TO GROW YOUR BUSINESS
As an example, when we set up our clothing store in Glasgow, we focused on urban streetwear. We would never have been able to compete on price or service with international brands like Topman and H&M, so we had to find another way into the men’s clothing market.

After gaining a loyal customer base, doors opened for us to expand into related markets. When we became aware that a lot of our customers were part of the Glasgow street art scene, we experimented with stocking spray paint.

A few years later, Banksy came along and the scene exploded. By this time, we’d already gained a reputation as the place to go in Glasgow for spray paint, so we’ve ended up having great success in that niche as well, both offline and on.

Spray paint saw another rise in popularity when upcycling — taking old, worn out pieces of furniture, sprucing them up, and turning them into something new — became a craze in the interior design world.

Because of the reputation we’d built up over the years, people from this scene came to us when looking for their spray paint. Between these customers and the graffiti artists, we now sell thousands of cans a month.

My advice for any business with an already-established reputation is to consider expanding into a related niche that your target audience is also likely to be interested in.

For example, if you sell artisan coffee online, consider expanding into teas as well. Continue in this manner from one niche to the next, and you’ll soon have a seriously successful business.

LISTENING TO YOUR CUSTOMERS WILL HELP YOU FIND NEW NICHES
Make sure to always listen to your customers to learn what other products they’d be interested in buying. For example, if you’re always being asked about products that you don’t already stock, then you should consider entering that market.

A few years ago our customers were always asking if we sold shaving products such as beard oil, shaving kits, and open razors. We did our research and stocked up on some up-and-coming shaving products, and this is now a consistent earner for us in-store and online.

Whether you’re just starting out on your journey as a business owner or have an already-established brand, the best way to stand out from the competition is to find a gap in the market and fill it. Hopefully the experiences and advice I’ve shared here will help you get there as fast as possible.

by Leslie Docherty

Source: bytestart.co.uk

https://www.investorlegends.com/blog/how-to-find-a-niche-in-the-market-and-stand-out-from-the-competition

[investorlegends]

Fundseeker's presentation: Medicohealth: The biggest doctor-patient environment based on blockchain

Medicohealth platform improving healthcare system by creating doctor — patient environment based on blockchain. Application creates possibility for fully anonymous, safe, and efficient communication with world’s leading healthcare specialists and provide own tokenized and secure payment system. Decentralized ledger technology enables traceability, data immutability and creation of secure methods for privacy protection that makes such platform perfectly fit for using in healthcare and other systems.

Website - https://medicohealth.io

https://www.investorlegends.com/forum/topic/medicohealth-the-biggest-doctor-patient-environment-based-on-blockchain

[investorlegends]

You can see our presentation here:

https://talentico.io/img/doc/presentation_en.pdf

https://www.investorlegends.com/forum/topic/talent-ico

[investorlegends]

Have you ever wondered why some brands needs to work extra hard to get a few customers, while the launch of some brands brings immediate customers?

Talking point: The Apple Inc., after a lost PC battle to Microsoft, appreciably went from the production of Apple-1 desktop computer, to the production of modern smartphones. And as they launch new iPhones, their customers are always willing to upgrade to the latest — but the reverse is the case for some brands!

Howbeit that if you can beat your competitors, you’ll have more market shares, more sales and more loyal customers.

Below therefore, are six (6) effective business strategies to beat top competitors in your in your industry.

#1. IDENTIFY THE COMPETITION:
The very first and most important thing in business is to identify the competition. The competition is divided into three categories:

The competitors: This comprises of you and fellow manufacturers of your brand-like products and services in your industry.
The Customers: It is impossible to launch into a business competition without knowing who the customers are and exactly what they want. Identifying your customers would help you to serve them the rightful service they need at a point in time as well as meeting up to their expectations. Thereby drawing they close to your brand.
The Goal: Whether you’ll win or not in any competition depends on your goal. Your goal would help you recognize areas you need to compete in. And as to how quick you win, depends on how quick you are to identify this goal.

#2. EFFECTIVE BRANDING
Effective branding gives you a significant edge in the competitive market. Your kind of branding gives your customers an instant mental picture and a quick definition of who you are and what you have to offer.

A lot of companies are offering a similar kind of product and services and customers are sick of seeing the same thing more often. The only reason you give to already existing customers and new ones to come to you is when your brand marks a difference.

Furthermore, an effective branding, helps you to tone-up your product to the price of your choice.

#3. REALISTIC DISCOUNTS
Another effective business strategy, to outshine fellow competitors in your industry is the offering of realistic discounts.

Giving potential customers discount, does not only improve your customer’s loyalty, it attracts newbies and boosts your company’s reputation. For example, some media houses gives seasonal bulletins/magazines to their customers, also some auto transport companies now offer their customers with very cheap ways to ship their car. Thereby making lives better for their existing customers and enticing new customers to come patronize them.

However, trying to base your competition on cost alone, is a race to the bottom; as customers tend to suspect the geneuity of a product/service if discounts come too often. So watch it!

#4. MAINTAIN YOUR CUSTOMERS LOYALTY
Another effective strategy to gain a competitive edge in your industry is to maintain your customers’ loyalty. Research shows that loyal customers are worth ten times the value of their first purchase.

Also, given that it is six to seven times more expensive to get a new customer than to maintain an already existing one, maintaining customers loyalty is a must for any brand that wants to remain competitive.

In addition, your existing customers would be your competitor’s main target; as if they can succeed in convincing people that have used your brand over to their side, it would be a reference point to get the newbies.

#5. EXCELLENT CUSTOMER SERVICE:
Some big and mid-sized firms find it difficult to provide a better customer service. They tend to channel the greatest investment of attention and expense into getting new customers to patronize their brand and after the sales have been achieved, they get casual.

With an excellent customer service, you can start beating top competitors in your industry.

Make your customer service agent available 24 hours a day and 7 days a week to address any customer’s issue as well as give speedy answers to any after sales question.

#6. IMPROVE YOUR TEAM’S MORALE AND MAKE EMPLOYEES HAPPY:
Do you know that your employees’ creativity, effectivity and collaboratively depends on how happy they are? A recent study by economists at the University of Warwick states that happiness has led to a 12 percent increase in the productivity of workers, while unhappy workers proved more than 10 percent less productive.

Your employees are just one vital component of your business which must be managed effectively if you want to outshine your competitors.

Business is a game which requires a collective effort of all team members to win. So when you make your employees happy, you practically induce them with a positive spirit to face the competition and come out in flying colors.

IN CONCLUSION:
The growth of your business depends on the steps you take to maintain a competitive edge in your industry. “Show me an entrepreneur who says he’s not comfortable with competition and I will show you an entrepreneur whose brand has started diminishing right from the moment he made that statement.”

However, just like sport, the field of business is a contest  where the smallest advantage can determine whether you lose or win. It’s thereby recommended that you use these business strategies more than often to stay on top of the competition in your industry.

By Daniel Moayanda

Source: www.iamwire.com

https://www.investorlegends.com/blog/6-effective-business-strategies-to-beat-top-competitors-in-your-industry

[investorlegends]

Fundseeker's presentation: Invest in Dataeum, the first Blockchain-based platform using Crowdsourcing for Data Generation.

Website: https://dataeum.io/

Stage (idea, ready business, pre-startup, etc): Private sale stage. An existing company (startup) for several years, with many fundraising completed. A proven solution, with a scalable, and profitable business model.

Type of investment, proposed share for investors: Token, and depending on the amount Equity x Token can also be envisaged.

Needed amount: HardCap of 8 Million USD. ($1.5M has already been raised).


https://www.investorlegends.com/forum/topic/invest-in-dataeum-the-first-blockchain-based-platform-using-crowdsourcing-for-data-generation

[investorlegends]

The road to profits is paved with unfair advantages.

Think about that statement. It's the reason why some of the best ideas can flop, and why some of the most average people can be wildly successful. Somewhere along the way there was a competitive advantage.

But it's also one way to pull ahead of your competition -- find and create unfair advantages. Here are four ways you can leave your competitors in the dust.

1. Position strengths to weaknesses.
Even if your competitor has a better product and is willing to sell it at a lower price, you can still win. Every competing company has weak points -- places where your brand can outperform. Things like domestic customer service or extended guarantees on a product can go a long way if done right.

Your job is to find these points and exploit them in your marketing and presentations. Let your prospective customers know why these selling points are important and why it makes your brand a better choice.

2. Stay lean.
This is about maximizing value and minimizing waste. Value refers to features a customer wants to pay for while waste essentially is everything else.

This means you must be in constant contact with your clients and understand why they're buying your product. Ask them how you can enhance it. Any additional features your product offers -- no matter how attractive -- should be dropped if your clients don't want them.

3. Go after large clients.
Larger clients can often result in more business and increased revenues, which means more resources for marketing and hiring new employees. But large clients can also be easier to service than smaller companies. It's a strange phenomenon, but smaller companies sometimes need more hand holding and have more service issues than middle-market companies with established systems.

Additionally, larger clients can give your company credibility when meeting with other potential prospects.

But don't worry if the idea of approaching a larger company scares you. Your smaller size should be an advantage since it allows you to move faster and continually think outside of the box. Also position the idea that a change in vendor will inject a sense of freshness into the project its working on.

4. Know your numbers.
I'm surprised how many entrepreneurs don't know the critical numbers that can either make or break their business. Here are a few of the basics that every startup should be tracking:

• ACV (Average Customer Value). This refers to how much money the average customer spends with you over a given period of time.
  CPA (cost per acquisition). This is your cost every time you acquire a new client.
  ROI (return on investment) on marketing campaigns.
  Break even. This is the volume of sales you need to cover the cost of making sales.

Every company will have different numbers, but identify them for your business and then commit yourself to tracking and improving them.

Just like football, business is a game of inches where the smallest advancement or advantage can mean the difference between winning and losing.

by Lewis Howes

Source: www.entrepreneur.com

https://www.investorlegends.com/blog/4-ways-to-pull-ahead-of-your-competitors-in-business

[MSTuTeJIb]

Investor Legends is a private invitation-only investment-centered club. We strive to create the network of people, who are peers – financially and socially.

We aim to create a community of like-minded persons who have managed to accumulate knowledge and expertise befitting the high-net-worth-individuals yet looking for more insights, stimuli and opinions to further grow their assets via expertise from a trusted circle of confidants with similar social and financial profile.

We aim to choose the family for our Members, that one is not supposed to choose.

Our project is on registration step now and we invite you to become a member of this investment-centered club for free for the first year.

Investor legends is the best way to find investments.

This is a unique opportunity for you to represent your start-up/ICO/business to the high-net-worth-individuals and get the investments you need.

We have a private Forum and we can create personal access for you, than you make the performance of your business and get investments! And this is for free.

If you are interested please PM us or write a comment.


Website: https://www.investorlegends.com

It is certainly good that you help people find an investment tool to make money. But the real and successful investor has always relied only on himself and his mind

[ninetimu]

What to do on such market?

[ninetimu]

And when will growth begin?

[investorlegends]

Investor Legends is a private invitation-only investment-centered club. We strive to create the network of people, who are peers – financially and socially.

We aim to create a community of like-minded persons who have managed to accumulate knowledge and expertise befitting the high-net-worth-individuals yet looking for more insights, stimuli and opinions to further grow their assets via expertise from a trusted circle of confidants with similar social and financial profile.

We aim to choose the family for our Members, that one is not supposed to choose.

Our project is on registration step now and we invite you to become a member of this investment-centered club for free for the first year.

Investor legends is the best way to find investments.

This is a unique opportunity for you to represent your start-up/ICO/business to the high-net-worth-individuals and get the investments you need.

We have a private Forum and we can create personal access for you, than you make the performance of your business and get investments! And this is for free.

If you are interested please PM us or write a comment.


Website: https://www.investorlegends.com

It is certainly good that you help people find an investment tool to make money. But the real and successful investor has always relied only on himself and his mind

We absolutely agree with your opinion. Our goal is to offer projects for investment, to make platform for investors and fund seekers communication. We cannot influence on the decision of investors, they decide where to invest money themselves.

[investorlegends]

What to do on such market?

And when will growth begin?

That's really good question.. We think that we must remain calm and not make hasty conclusions and actions. We expect growth at a time when Bitcoin falls so low that large investors start investing in it. And then it will begin a rapid growth. This is only an assumption.