How do I differentiate my product from my competition?

0
leenH
May 08, 2017 01:03 PM 0 Answers
Member Since Mar 2017
Subscribed Subscribe Not subscribe
Flag(0)
1477 viewsBusiness Plan
1
0
leenH
May 08, 2017 01:03 PM 0 Answers
Member Since Mar 2017
Subscribed Subscribe Not subscribe
Flag(0)

AnsPress shortcode cannot be nested.

0 Subscribers
Submit Answer
Please login to submit answer.
0 Answers

Answered question
0

Differentiation is a good strategy if you want to avoid competition on price (and a potential price war). It really depends on your market and industry. For example, A lemonade stand could differentiate into a lemonade delivery service. They could charge higher prices AND increase sales due to the new value proposition.

Answered question
1

You can add a feature that the competitor does not possess. You can change the color, size, add to the product line which are all good starting points.

About Ask Brien

Ask Brien is a business community where business owners can ask other business owners questions and receive responses. We at Askbrien.com are focused solely on business. We don’t discuss anything but business on our site. Every business question is important to the person or entity asking. Ask Brien and the Ask Brien Radio Show are great resources for you to obtain information to common questions such as: Should I incorporate? What is a registered trademark? Do I need a domain? What’s web-hosting? Why do I need a website? How can I create an iPhone app and Android app? Am I paying too much in merchant fees? How do I get traffic to my website? Ask Brien is here to help you grow your company into a successful business.

Answered question

Categories

0 Subscribers
Submit Answer
Please login to submit answer.
0 Answers