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Business strategy
How To Innovate in A Crowded Marketplace?
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[QUOTE="moonchild, post: 342325, member: 57467"] As a business owner who's looking forward to get started in a crowded market with a lot of products, how do you differentiate yourself from the competition? There are two methods to do this, the first one is to reduce your price, offer discounts, this will bring attention to you because you are offering the lowest price. Another way to have a market share is to innovate in the marketplace, create something Iconic that people in your niche would like to use and then take over the market using that strategy. All of these might be a little bit nuanced but using the above formula will out you ahead of competition of any kind and also build your business as an authority in your niche in the shortest of time [/QUOTE]
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How To Innovate in A Crowded Marketplace?
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