Can one face competitors in business and still succeed. And how?

[red4slash]

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.

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.

[Questat]

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 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.

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.

[Antotena]

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.

[Xcode7]

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.

[Mame89]

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

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.

[Felicity_Tide]

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.

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.

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

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.

[junder]

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.

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.

[MrEazyLife]

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.

[CageMabok]

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.

[ultrloa]

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.

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.

[eightdots]

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.

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.

[CK485]

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.

[CageMabok]

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.

[TheUltraElite]

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.

[MrEazyLife]

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

[RockBell]

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.

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.

[goldkingcoiner]

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

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.

[avp2306]

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

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.

[bitzizzix]

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

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.

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.

[eightdots]

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

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.