Month: March 2021
Dealing with Competitors When Doing Business
Dealing with Competitors When Doing Business – Facing competitors in business is the most important thing in starting a business so that you can compete successfully, success in competition is certainly one of the things that is difficult to do.
Competition is a natural thing that must have faced by all humans. For example, humans in ancient times competed with each other for food through hunting. Competition also continues in the digital era like today, where more and more companies, businesses, and even individuals are competing with each other to get the goals they each have. Competition can cause people to ‘nudge’ each other and scramble to be the foremost and the greatest runner.
In the business world, it is certain that we have many competitors. If there are no competitors, it cannot be said as a whole business, but rather a trade monopoly. When doing business, maybe we have hoped that our competitors will disappear or just leave, so that we don’t have a single competitor. But in fact, having competitors is very good and very necessary for the development of our business!
1. Don’t Be a Copycat
Career Advice colleagues, this is the most important step when we compete in business. Even though we have many competitors who offer the same types of products and services as us, that doesn’t mean we have to imitate what they display and provide to buyers. We need to get rid of this kind of thinking. Besides imitating is an offense, imitating will only make our products worse in the eyes of society. They will think of us as plagiarism. Try your fellow readers to position yourself as one of the competitors whose ideas you take? Surely we will feel annoyed, and this will only make business competition not develop properly. As a result, the innovation of business people and company owners will decrease. How not, every businessman tries to imitate each other, so there won’t be any developments, right?
2. Don’t Be Careless with the Competition
The challenge became even more real, when five years ago there was a company that created a product with a concept that was very similar to ours. Are we worried? Not. We tried to be as calm as possible at that point. We are not afraid that what we have created will be taken away by others. We face it very calmly, because we believe that we are leaders in our own path.
3. Don’t Underestimate a Competition
This third method should not be ignored either. A competition is not something that should be ignored or taken lightly. Every day, every hour, every minute even every second, new competitors will be born who can threaten our business. Competitors will be present in various sizes and types from each doorway of opportunity that exists. However, all competitors come with one common goal, namely, they want to beat us who are their competitors as well.
4.Don’t Play Dirty (Cunning)
As business people, we need to be wise and smart in making every decision and taking action. We don’t need to take revenge when another competitor tries to steal our customer list (database). If our competitors dare to do something like that, it means that there is something wrong that they are doing, or even they are making a guide.…
Important Steps for Beginners in Business
Important Steps for Beginners in Business – Steps in doing business, of course, you should know in advance and you must apply them in business life, you can apply these steps to doing business for your business.
Starting a business can be very confusing, especially for those with no experience.
Usually, there are a lot of things that burden the mind when starting a business, from capital issues, products, to target customers. As a result, it is not uncommon for people to fail in starting their business.
1. Find the right business
Entrepreneurship is a broad term, and there are opportunities to become entrepreneurs in almost any field. However, it’s important to choose a field to work in and a business to start with.
It is also important to remember that besides being successful, choosing a business according to what you like is the right thing to do. This is because business will take up a lot of time and attention, which if not according to our interests can make us lazy to do it.
2. Consider taking a business-related education
Doing business without knowledge is like fighting without weapons. Having knowledge for business is important. However, this does not mean that you have to take formal education because people do not need a diploma to do business.
The knowledge referred to here is knowledge that can be obtained from anywhere, be it books, tutoring, the internet, or other sources that can add to business insights.
One of the topics that business people must also master is technology. This is because technology continues to develop and more and more businesses are applying technology in today’s times.
3. Plan the business carefully
Before starting a business, it is necessary to have a business plan. The business plan outlines each of your goals and strategies for achieving these goals. This plan is important for attracting investors, as well as measuring how successful the business will be in the future.
Also Read:Profitable Small Business Inspiration
4. Find a suitable target market
Not every business is attractive to everyone. The age, gender, income, race and culture of the target group will play a big role in determining the conduct of a business.
Recognizing and understanding customers is also important for consideration in making business decisions. For example, such as when determining a business location or when deciding whether a business can be done online or offline.
5. Network to open wider business opportunities
Although networking is important in all areas, it seems to be the most important for entrepreneurs.
Networking is a way of being able to meet other people who may have skills that could be used in business. By building a network, we can also find potential investors to help start a business model.
The network can also support a business once it is open. It can also be an avenue for the arrival of new customers for the business you are running.…
Profitable Small Business Inspiration
Profitable Small Business Inspiration – Starting a profitable business is certainly desired by everyone, especially a profitable business using small capital.
The current situation is uncertain, so we have to think smartly to survive. One way is to start a small business. Even though the scale is small, the capital you need is just as small, you know. So it is very suitable for beginners like you and has minimal risk of loss.
Well, for those of you who are looking for inspiration for a profitable small business with a little capital, it doesn’t hurt to try the following series of recommendations.
1. Thrift shop
Today, the thrift shop business is booming and is loved by many young people. It is not without reason that a limited number of items are still fit for use, maybe even only one is left in this world, so several factors cause it. Therefore, many people try to pursue a small business, namely the thrift shop.
The reason is you don’t need to spend a lot of capital, when you feel that the items you are selling are still left over and have not been glimpsed by the buyer, you can sell them again with a business package. Where each business package contains 5-10 items that you can offer at a certain price.
2. Snack box
In special moments such as birthdays or graduations, sometimes people are often confused about what gifts to give. This opportunity is what you should be able to read well. Just make a snack box business.
You only need to buy some snacks at the supermarket then you arrange them into a box, add a few freebies such as greeting cards and stickers. Voila, an easy, cheap but profitable business idea. Just increase the promotion via social media, you can start this one business.
3. Selling premium applications
The need for entertainment is now a priority for many people. Together with this, they need the services of people like you who sell premium applications. With the sharing system someone will be cheaper and easier to subscribe to premium applications every month.
With a premium application sharing system like this, at least the community will help stop the action of watching shows or listening to music from illegal sites. You can still profit even though the price of premium applications that are sold is on average under IDR 50,000.
4. Mask and strap mask
In this pandemic, why not start a mask or strap mask business. Even though in the future the pandemic is over, even though this business will definitely still run, you know. Moreover, the products you sell are unique and different from the others.
Even selling disposable masks is still very popular today. Similar to the strap mask, this necklace-like object with cute colorful accessories is currently popular in the community. So, there’s nothing wrong with trying this one business.
Even though it’s trivial, if you are engaged in the jeep business or entrusted services it is not bad, you know. Usually, items that are often in demand, from fashion to food though. Try, deh to start a business on this one.
If practiced, the luck is pretty good, you know. In fact, you can also hook the market from e-commerce. Even though they can visit several flagship stores, because they don’t have time, they keep looking at e-commerce.
6. KPop Merchandise
You could say that our country includes a large KPop fanbase. Things related to KPop idols are always busy being hunted by fans, both official and non-official merchandise.
So, why don’t you take advantage of this good moment to seek sustenance from KPop. Fortunately it’s big, you know, even though you use a little initial capital. You can play capital from your buyer’s money. How, interested in trying this one business?…
Trivial Causes of Startup Business Failure
Trivial Causes of Startup Business Failure – Business failure, of course, is often found, especially businesses that have just started and started, failure to start this business can occur from several reasons.
Starting a small business is an alternative that is often done by people these days. In addition to increasing small business income, they also do it as a contribution to advancing the national economy.
But it is not uncommon for you to just start a business, small businesses have just failed. I wonder what, trivial things that caused the failure of the small business in question?
1. Lack of capital
This one factor is clearly the main cause of the failure of the small business that you started. For this reason, before starting a business, it is better to first research everything. So that capital does not just run out of production processes.
Take, for example, when you sell hampers in e-commerce, you immediately target vendors with premium quality goods without paying attention to how much capital you have, not yet the money used for packaging and freebies, and also costs for promotions. You might not have returned your investment, but your business is out of business.
Do not choose a business with a large possibility of loss. Although fortunately there are not too many, at least you can still use it as capital to turn your finances again and the production process for the goods you will sell.
2. Wrong in determining the target market
Market research is very important for you to do, here. Don’t get wrong in determining your target market. Setting wrong targets will only make your small business fail quickly.
When you want to sell perfume, decide who you will target as a buyer. Also find out what their general purchasing power is. If you are targeting adolescents aged 15-17 but selling perfume for IDR 250 thousand, – and above, you can be sure, how will your business continue, right?
It’s different if your target market, those who have worked from the age of 23 years and over, their purchasing power tends to be higher and the items you buy they need much more.
3. Lazy to do promotions
We will never know where our buyers come from. At least do a small promotion through the various social media that you have or ask your friends for help. There are also many, you know, now some celebrities want to do endorsements without fixing prices, they even do it for free.
Find out who they are and try to contact them if they are willing to promote your business. This method is arguably quite powerful for bringing in buyers. So, if you are starting a small business, don’t be lazy to do promotions.
4. Not prioritizing the quality of the goods or services being sold
Take for example you are in the thrifting business. You just take a picture of the product, then you just snap out of the sack and just snap it. Explaining the details of the clothes you sell is also incomplete.
You did not include whether there were defects and so on. Also send to customers without going through the washing and ironing process. Yes, guaranteed bad customer reviews directly to your business. Always try to prioritize the quality of the goods, how cheap the prices of the goods are, no matter how small the size is, always give the best.
Show your customers that the goods you are selling are manufactured or packaged with love and dedication. Guaranteed, customers will be coming day by day.
5. Mentally weak and easily give up
Just started a food business by registering to be affiliated with one of the online motorcycle taxi applications, uh the first day was lonely. The second day is also quiet, then on the third day you feel like giving up.
You can’t give up easily and have a weak mentality if you want to enter the business world. Try, do a promotion in the environment closest to you. The tighter the promotion and also because the factor of the delicious food you make is not directly by word of mouth, it will spread by itself.…
Beat Competitors For More Successful Business
Beat Competitors For More Successful Business – Success in certain business is the desire of all business people, especially beginner business people, in doing business you often meet competitors and are confused about how to deal with them.
In the business world, it is very natural that we find competitors from the business we build. Whether we are the pioneers of the business or we are developing concepts from other existing businesses, the names of competitors will always appear.
Not infrequently, in order to win the hearts of customers, one business and another business is willing to compete with each other. In fact, it is not uncommon for those who are willing to do everything they can to win.
1. Provide the best service to customers
If we give our customers the best service without being asked, they will definitely give positive feedback on our business. In fact, it is not uncommon to help promote our business through good reviews that they write on social media or spread by word of mouth.
It’s different if we don’t provide the best for our customers – it could be that your customers will decrease day by day. Not infrequently they will switch to another place, one of which is switching to a business owned by your competitors.
2. Always improve the quality of the business you start
In addition to the best service, you must also continue to improve the quality of the business that you are starting. Don’t hesitate to ask for input, criticism and suggestions from customers about what are the advantages and disadvantages of the business you are running.
That way you will get an idea of what should be improved from the quality of your business. Don’t just be complacent with what you have achieved today. The business competitors that you have started are not only one or two, you know, maybe even thousands. Therefore, don’t forget to always improve the quality of your business.
3. What research is needed by the customer
A business without customers will never work. For this reason, the voice of consumers or customers is very important for you to listen to and know. Find out by doing regular research what they need.
So, you can measure for yourself what strengths and weaknesses your business has, what you need to maintain, or what needs to be improved and which ones need to be discarded. Their voice can also determine your future business, you know.
4. Routinely evaluate
How will your business be successful and be able to beat competitors if you never do an evaluation? Evaluating the business you are running is very important to do, you know. This is not without reason but for the success of your business in the future.
Do you want a business that you have been working hard to start that can only last for more than a month? Make criticism, suggestions and input from customers as evaluation material in addition to the research that has been carried out by your internal team.
5. Be diligent in promoting through social media
One surefire way to beat business competitors is to diligently promote through social media. Especially in an age that is as sophisticated as this where technology has almost taken over some sectors of life, you must take advantage of this opportunity well.
The more vigorous the promotions you do, the more existing and heard the business you are running. You and your team can determine what strategies are effective for promoting via social media. That way there is no more, such as unhealthy rivals with your business competitors.…