Competition and saturation are the major challenge for entrepreneur, especially in industrials where many businesses offers similar products or service. Stand out and thrive, business owners must develop strategies to differentiate themselves, innovate and retain customers.
What branding strategies help businesses stand out in competitive markets??
Offer discounts to customer to attract them, or really bring sometime that will solve the problem of others. In more on promotion, maybe you create more attractive logo, that will still to the minds of your customer.
And what we want to some business, good customer support. Because if you provide good customer services, they might comeback for you. Like what Starbucks did, kind of loyalty program, because when I was still in the corporate, when we are young and hippie, we will go to Starbucks and then like every end of the year they have this kind of promotions that you can get something from them. All you have to do is to collect stickers and obviously you can collect if you will buy their products, like collecting 10 stickers and so that it automatic 10 sells already for them.