How to Get Out of Your Difficulties
The Internet is the fastest way to become independent and a money making machine! entrepreneurs should know that is very important to their business progress. No entrepreneur should ever take newness into account when it comes to strategy. Any entrepreneur who does that will sooner or later be replaced. If you can keep your business going for more than 3 to 4 years it becomes more a testament to your management skills and skills with people. Even if you cannot compete with the bigger guys on their own field, you can still outplay them in a war of marketing.
Before starting a business you need to know a little bit about competition. It is said that 50% of all businesses fail in the first year, but that is because they don't have the strategy to beat the competition. So don't worry about the other 50%.
But, if you don't know how to beat the competition, then I will show you how to beat them by providing you with an easy way to become a money making machine.
The first thing you need to do is to analyze your competitors. This is so you can know what they are selling that you can use in your business. Your competitors will be the suppliers in your area. If you want to enter a particular market then you will first need to find out what are the biggest suppliers of that market. You need to be able to match these suppliers with your own products. You should also know where they are located. This way you will not need to waste time finding them out.
Now you need to build an effective marketing plan which will help you to be more competitive in your industry. This marketing plan is more important than any document you ever wrote. This plan is the foundation of your business. You need to know what it contains so that you can implement it. This plan will allow you to beat your competitors in the market. It will also allow you to determine what you need to do in your business to become more successful. Don't worry, this document is easy to understand so you can build it in a short time. So don't be scared of doing this.
Finally, you need to know what you're going to do to become more successful. All you need to do is to analyze your strengths and weaknesses. If you're having a difficult time developing your marketing plan, then I will tell you how to get out of your difficulties. All you need to do is to ask your mother, your spouse, your partner, your friend, or the community in Wealthy Affiliate. Then you need to compare your results with the result of your competitors. You will soon discover the best way to help you in your business. This way you will not have to go through a lot of pain and suffering. This will be better for your business.
Have a great day,
Recent Comments
14
Most grateful, very helpful info, currently setting up my website, a bit of a task really. However, I do appreciate this info you posted.
All truth
We need to be armed and prepare ourselves by finding out all that we can about our competitors.
This will keep us focus on our word length and any extra value that we need to provide to ensure that we steal the limelight
Very true Vasilica. You have to conduct market research which includes selecting and analyzing products, resources, competitors, overall market conditions, barriers all to develop options and a strategy to put into a plan to implement. Do these things and you will more likely beat the odds of failure.
Hugh
See more comments
You grabbed me immediately with this post and I"ll tell you why: Strategy. That is my number one word. It is essential to strategize with any venture, or anything else well done. If you want to be successful, you have to plan, carefully. Strategy in my life is based the game, "Battleship." I have to look at things that way they should work versus not. Comparison first; repetitive second. I do not want to repeat someone else's words. A lot of the keywords and tags are redundant. I have been in situations where strategy bailed me out. A website needs the same attention. So I am using strategy with my keywords and tags, ,and careful planning to make sure I stand out. The "pop" affect; my favorite term is one known a "punch" piece in jewely. I actually like sales and advertising, although I have no experience. Maybe I was just born to do it; I hope because I'm depending it. Loving it doesn't hurt. :) I love your post; it's perfect. You share great wisdom Vasilica. :) Thank you.
Thank You, Denise, I much appreciated it. I got that base on my experience..the most important thing put yourself is willing to learn from the past because it will give you the key to the new door.
Varsyl
I don't claim to know what "varsyl" is; but I'll take it is a something friendly. :) Have a terrific weekend. And Varsyl! "Friendship univeral."