Quote from: goldkingcoiner on Today at 02:04:54 PM

Quote from: MrEazyLife on October 23, 2024, 01:00:01 PM

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.