In business, what can you do to beat your competitors Darren Seigel Galveston

1. In business, what can you do to beat your competitors? | Darren Seigel Galveston Chief Revenue Officer TONA Activewear

2. 1. Identify the issues your clients are experiencing, then fix them What most impedes the expansion of your business? What personal obstacle do you find most difficult? What matters most to your boss? Which complaints do you have?

3. 2. Identify a market niche through experience and storytelling By developing a specialisation, you move a lot closer to achieving this final goal. This is because there is far less room for growth in a market that is already oversaturated. If you want to stand out in a crowded market, you must have a USP. The more unique it is, the less room there is for competition.

4. 3. Set reasonable prices One of the simplest methods for outperforming your competitors is to provide more affordable prices. To pick the appropriate pricing point, you must have a thorough awareness of what your competitors' goods or services are priced at. The next stage is to determine whether the product you are selling adds more value and so has to be priced more.

5. 4. Make changes to your business to stay one step ahead of the competition Urban Outfitters improved performance compared to competitors by changing the traditional retail model: Customers learned that going shopping at Urban Outfitters meant never going into the same store twice and avoiding the dullness of other retailers. Take a cue from Urban Outfitters and consider how to improve an existing model, such as your current company strategy or one that is more usual in your industry, in order to outperform your competitors.

6. 5. Provide superb customer service Your staff should always smile and greet customers, and they should always be kind to others. It is crucial to choose team players and to promote teamwork among your personnel. Reward the team members to keep them inspired to outperform their contemporaries.

7. Thanks for watching!