10 Ridiculously Simple Business Tips That Will Help You Beat Your Competition
Thought you might be interested in an article 10 Ridiculously Simple Business Tips That Will Help You Beat Your Competition and thought I’d share a few points with you here. I’ve found some relevant information here so if I find more, I’ll be sure to pass it on.
For every success you have in growing your market share, another business or other businesses will inevitably lose ground.
Own your niche
Sometimes it’s better to be a master of one discipline than a jack of all trades. Admittedly, multiple revenue streams do spread your risk: if one falters, others can take up the slack.
Nevertheless, consumers often associate ‘specialists’ with higher quality products or services than generalists. And with good reason, too: specialists typically invest all their resources into perfecting a single product or service.
Give something for nothing (or very little)
Why not give your happy customers a voucher with their purchase to redeem on your products and services? If they love what you do already, they’re only going to love you more for this.
It’s good for you because:
- It guarantees they will return to your store again. People hate to waste freebies!
- When they return to your store to redeem their voucher, they may buy other items, too. If your business operates online, then the freebie could be strategically timed to coincide with a special sale.
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Thanks,
Robert