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  1. #1
    Rich Grads's Avatar
    Rich Grads is offline Senior Member
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    How Competition Can Help You

    Many people struggle with the idea of competition when they are working with their business. They simply don't want anyone else working alongside them, and they don't want to have to worry about what other people are doing. Many people feel that their business would be better off without competition. However, this is untrue. You can make the most out of your competition, and this can make your business even better.

    There are many ways to make the most out of your competition. First of all, you want to be sure that you are doing all that you can do to focus on what the competition is doing. Most people think that they should ignore the competition, but if you do that you are hurting yourself and your business. You need to keep a careful eye on the competition and see if you can do things better than they can.

    This is where you will be able to work in your business. When you are looking at what your competition is doing, you need to focus both on what they are doing right and also on what they are doing wrong. This is because this is where your customers are, and you want to try to bring them to you.

    First of all, you want to look at what your competition does right. What kinds of things does your competition do that you think are bringing in customers? You need to be doing these things, but you need to be doing them better.

    See if you can figure out a way to do what the competition does right, but to do it in a better or more creative way than they do. This should help you develop your hook – which is something that will set you apart from the competition. Remember that you are going to be looked upon much more favorably if you don't blatantly copy what your competition does. Instead of copying what they do you should be able to do things in a little bit of a better style. This will help you get the most out of your own business and get the most customers.

    Next, you need to focus on what your competition is doing wrong. This might be something that they cannot see but that you can see. You want to see if you can make out what they have done wrong so that you will be able to do it much better. This is the best way that you might have to help yourself get even better than the competition ,so you should do your research and see if you will be able to find out something that you can do much better than they can.

    Remember that you are going to want to focus on getting the most out of your business and everything that you can do within in to be a success. Therefore, you have to focus on what your competition is doing. You will probably be able to get the most out of it in this way.
    Simon Prentice
    Rich GRADS Founder & Success Trainer
    http://richgrads.com
    Follow The Rich Grads Team On Facebook!
    "Discover How A Team Of Young Entrepreneurs Are Achieving Financial Freedom At Rich Grads.com!"

  2. #2
    myfayt is offline YE Veteran
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    Jan 2009
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    597
    Good advice, also need to keep up to date on their pricing as well. If they drop from $100 to $50 plus giving away something free and you are still charging $100 with nothing free, you will lose alot of business.

    Probably a poor example, but focus on treads, who's buying what and when.

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