Beat the Competition and Sell Your Product
Vinay Karulkar
Managing Director at BWF South Africa | Expert in building Businesses from Scratch to Multi-Million Dollars
When you are able to overcome the challenge from the competitors you can be successful in marketing. When you attract more number of customers it will be easy for you to increase the sales. Apart from developing more new customers, you have to win their confidence and retain them in your fold. When your customer is convinced about the advantages in using your product he keeps on buying the same or using the same and will not easily switch over to other brands. It is up to you the marketer to show the customer that you know very well what he requires and that you are always committed to safeguard his interests. By way of selling your products to a customer you must be providing the customer the best solution to solution to solve his problem or to fulfill his needs at the right time and in the most cost-effective way. You will certainly come across with a lot of people in the market who are also selling the same niche. You must be aware of the fact that more the number of competitors, more opportunities you have to prove the worth of your product. When you have the determination to achieve you will be able to stand out from the competition.
Ensure that your way of approaching customer is right
Many salesmen make a wrong approach by desperately trying to sell the product. Instead of plunging into business straightaway, you should concentrate in providing service to the customer and catering to his needs. Instead of highlighting your product, offer the same as a solution to the customer's problem. This kind of approach will enable the marketer to influence the mind of the customer. Another grave mistake committed by salesmen is that they drastically reduce the prices to appease the customers. In fact, in most of the cases, this will have a negative impact. When the price appears to be too low the buyer will suspect the quality of the product. Hence keeping the prices very low is not an effective method to beat the competition. One can attract more customers when the customers find that the price is affordable as well as competitive. Hold on to the premium price and ensure that the product is worth the money you collect from the buyer. The successful salesman will beat the competition and promote his product by highlighting its quality as well as added advantages and not by highlighting the price tag.
Market research enables you to beat competition and increase your sales
The marketing content which you create should suit to the market that you really see in front of you and not to what you think in your mind. As a result of competitive market research you identify the target audience, understand their real problems and equip yourselves to offer them the right solution. During the market research you get the opportunity to know about the competitor's activity and get first-hand information about their product as a result of which you will be able to determine the superiority of your product.