Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Make Money Online
How can we overcome the competition associated with online business ?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="kayode10, post: 223561, member: 26899"] It can be very difficult to overcome competition when you are just getting started with your online business. The reason is that you might not have enough resources to compete in the marketplace. The Only Way Out is to develop unique selling proposition for your product or service you are rendering. This is the reason why it is very important to do research before you can establish any business be it online or offline. Your major aim with the research you are doing is to discover untapped market. this will give you opportunity to make most of the money by exploiting the untapped market before others could discover it. You are going to waste more of your resources when you are competing with giant in your industry. The best thing is to carve out niche for yourself and make most money for yourself. This is often referred to as blue ocean strategy. Blue ocean strategy says that instead of competing in an existing market you should watch out and create a new market for yourself and be the leader there. They should be the approach of anyone who wants to start online business. I usually employ this strategy whenever I am doing keyword research for my niche website. This help me to generate traffic quickly to the website. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Make Money Online
How can we overcome the competition associated with online business ?
Top