Standing out from competitors in business!

[Hamza2424]

Trustlessness agree, but also simply complete and perfect reliability for anyone. I don't know how to word this but if you live in a country like me with so many restrictions, you have zero ways of sending or receiving money that not only doesn't require you to trust but that promises you the transaction will never be cancelled or changed or whatever. That is a real problem in many parts of the world! Bitcoin instantly solved that real problem.

No surveillance, no politics, no restrictions, no rules except network rules.

The ironic thing is most alts with those 'USP' of faster/cheaper txs added the rules, made KYC as surveillance, created politics, and the restrictions damn. USDT can't be used in this country, XMR can't be used on that exchange, etc etc etc

Then in the end their value is pure speculation. Nobody using them for actually sending and receiving money.

BTC has put a full stop to chargeback scams. I faced this situation, bro, it was not legal in my country too, we had so many restrictions too, we didn't even have PayPal and still don't have it, so you can imagine how hard it can get many times for getting payments or sending them.

BTC made everything easy, once the TX is done, there is no way the other party can reverse it and try to scam you. People first had to find someone to use their PayPal, then they had to face refund scams too, but BTC has saved us all.

I use BTC for sending and receiving money, people on this forum use it, so there is a community, which is Bitcointalk, and people here use BTC to send and receive money, even for remittances.

[red4slash]

Even looking at crypto right now, you could see that although Bitcoin is far ahead of the rest, there are still other potential competitors.

For a potential competitor between altcoins with other altcoins maybe this will look reasonable but not with bitcoin because until now there is still nothing to rival it.

How do you then stand out from existing or potential competitors?
You stand out by choosing one strength and committing to it completely, instead of trying to be good at everything. That single decision does more for a business than any amount of extra features or services ever will.
A lot of business owners think standing out is adding more, more features, more products, more of this and more of that.

When in business showing its own characteristics is always a difficult attraction to face competitors and indeed it will always be effective but to look for characteristics as an authentic form of ourselves (the business we run) is not easy so back to the benchmark that all can do business but not all can succeed in business and in this case I think it can be proven for now.

The characteristic will always be important but here to make the characteristic of our business known is not easy because there will always be many obstacles. But I'm pretty much in agreement when I say that we don't have to stand out against everything, but focusing on what we control can make a difference.

[Versatile_choice]

When it comes to business, the only thing that makes you stand out is value. Once customers perceive value in your product, Inrespective of what you are selling, they will buy it. All it takes is value. Another thing is uniqueness. Take for example iPhone. It's unique design makes it stand out. Let's be frank with ourselves, you can have all this and still somehow fail if the right audience can't reach you. Example is Huawei. You all know the story with that product, no news of diving in too deep.

You're right, and you just gave the perfect example. Yeah iphone is one of the best company we know in terms of phone and phone accessories. Their products is always very unique and attractive, and truly a person can be selling iphone products and still there's every possiblity of not becoming successful with that business, sometimes it could be due to the area a person is selling those products. For example rural areas place that is not well developed, people from such areas tend to focus on other things. But if you go to a place that is well developed you will see people coming for those products.

[slaman29]

Trustlessness agree, but also simply complete and perfect reliability for anyone. I don't know how to word this but if you live in a country like me with so many restrictions, you have zero ways of sending or receiving money that not only doesn't require you to trust but that promises you the transaction will never be cancelled or changed or whatever.<>

BTC has put a full stop to chargeback scams. I faced this situation, bro, it was not legal in my country too, we had so many restrictions too, we didn't even have PayPal and still don't have it, so you can imagine how hard it can get many times for getting payments or sending them.

BTC made everything easy, once the TX is done, there is no way the other party can reverse it and try to scam you. People first had to find someone to use their PayPal, then they had to face refund scams too, but BTC has saved us all.

PayPal is one of the worst but chargeback scam is actually worse of all. Scammers use it, but if YOU try to use it, your money gets frozen and refund takes forever.

At least credit cards are better. You call, report scam, chargeback is almost instant. Actually I can say it is one of the most useful features for me to buy things online, for that protection (and also insurance).

Not really useful for me as I'm not allowed to have credit cards anymore, but that's another story lol

[Finebone]

When it comes to business, the only thing that makes you stand out is value. Once customers perceive value in your product, Inrespective of what you are selling, they will buy it. All it takes is value. Another thing is uniqueness. Take for example iPhone. It's unique design makes it stand out. Let's be frank with ourselves, you can have all this and still somehow fail if the right audience can't reach you. Example is Huawei. You all know the story with that product, no news of diving in too deep.

All these you mention here are important, but just as you spoke of the right audience, it's the most important thing in marketing, because iPhones you use as an example are very expensive, so it sales will be very poor if it's taken to a poor neighborhood. That's why I will always commend cowbell because they knows the real meaning of business, which is reaching out to the needs of the people.

They were producing their milk and chocolate in big can, but the moment they start producing the ones in sachet that the poor can afford, that was the game changer that have makes them be constantly present in the market up till today. So knowing how to reach out to every economic level of your customers is the most important thing business owners needs to know.

[Queentoshi]

When it comes to business, the only thing that makes you stand out is value. Once customers perceive value in your product, Inrespective of what you are selling, they will buy it. All it takes is value. Another thing is uniqueness. Take for example iPhone. It's unique design makes it stand out. Let's be frank with ourselves, you can have all this and still somehow fail if the right audience can't reach you. Example is Huawei. You all know the story with that product, no news of diving in too deep.

You're right, and you just gave the perfect example. Yeah iphone is one of the best company we know in terms of phone and phone accessories. Their products is always very unique and attractive,

All high end products have very unique feature that makes them stand out from each other and the basic reason why these features cannot ultimately be copied is because of legal backing that these companies have put in place to ensure that their competition cannot directly copy whatever they are doing without making any direct changes. You can take that idea and apply it to your own business That is you back up your personal idea legally and ensure that your competitor cannot copy it directly without facing any legal action. If you run a business that requires original and creative thinking This is the sort of protection to stand out from your competitors that you will require.

[savetheFORUM]

I feel competitors make our business thrive. There are competitors in every single field. For cryptos, I do not consider other cryptos as a competitor to bitcoins because users would still hold a fraction of bitcoins in their portfolio even if they prefer investing major chunk in other coins. Bitcoins will grow irrespective of the competition. In fact, competition makes users close to cryptos and once anyone enters cryptos, they can never ignore bitcoins. Bitcoins have growth potential no matter how many new coins/tokens are launched.

For business, I prefer staying a step ahead of competitors, it can be in terms of production, marketing or sales. If we can reach the customer before the competitor, we can generate sale there and stay a step ahead.

[Judith87403]

There are competitors in every single field. For cryptos, I do not consider other cryptos as a competitor to bitcoins because users would still hold a fraction of bitcoins in their portfolio even if they prefer investing major chunk in other coins. Bitcoins will grow irrespective of the competition. In fact, competition makes users close to cryptos and once anyone enters cryptos, they can never ignore bitcoins. Bitcoins have growth potential no matter how many new coins/tokens are launched.

There's no cryptocurrency that is in competition with bitcoin because the market cap and price of bitcoin is even much more higher than that of the other cryptocurrency so we can't compare bitcoin to them because they will never come close even in value, bitcoin has gone far above each one of them. The only asset we can compare to bitcoin is gold and I know that both of them will continue to be long term rivals in the market because of the value they hold (gold is not a cryptocurrency though). Ethereum is the second cryptocurrency after bitcoin but you can imagine the gap in price between the two and also in their market caps which is very clear that bitcoin is in no competition with other cryptos.