3 Ways To Deal With Business Competition

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Күн бұрын

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Do you also feel like the competition in your industry is massive? It’s not just your imagination. As more and more businesses come into your industry, your customers are getting more skeptical than ever. And that can drastically hurt your clientbase and damage your bottom line. So in today’s video, Dan Lok wants to share 3 ways to deal with business competition with you, so that you can dominate your niche and scale rapidly & profitably.
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#Advice #Competition #Business #BusinessAdvice #Entrepreneur
This video is about 3 Ways To Deal With Business Competition
• 3 Ways To Deal With Bu...

Пікірлер: 291

@christ2ce 4 жыл бұрын

Here’s how: 1. Study your competitors inside out. Your competition is not just from the same business, but other businesses too 2. Focus on how you can add value to your customer 3. Think long term, not short term. “I could wait 10 years to win this war” mindset can alter the way you think to last longer in this game 4. Bonus: why not profit from the competition? Partner up or collaboration?

@Greatness_Gamble Жыл бұрын

😊😊😊😊

@necromaster3154 4 жыл бұрын

One more thing I can add: "Avoid What is STRONG and Strike at What is weak" - Art of War Lets say you Compete with Walmart. What Walmart is strong at? low Price right? Avoid Competing at price! Compete at something Walmart is weak at. like they use under paid workers for long hours or compete at High Quality.

@andjelkovicjasmin2954 4 жыл бұрын

I agree, but if you never challenge stronger/better competetors you'll never improve enogh to become the best at what you do, never! "Challenge the stronger ones if you wanna belong to the strongest ones"

@sinkers3716 4 жыл бұрын

its actually a lot stronger to tackle the strongest assests in a biz, because then the total percieved value decreases and customers have a worse outlook on the brand

@amainlaw5959 Ай бұрын

well said

@Owen-bl7xn 4 жыл бұрын

"Competition challenge you to be better" , totally agree with this.

@diamonds5855 4 жыл бұрын

Be there when others give up.

@nengzhongvue7722 4 жыл бұрын

"If Someone Can Easily Copy What You Do Then You're Not Very Good At What You Do" Thanks Sifu Dan. I have followed you more than a year from now and I watched your very single video that you uploaded. I'm watching this one as well and I use your idea and it works.

@keithdmello Жыл бұрын

Very valuable lesson I needed

@JohnWilliamLeonard35 4 жыл бұрын

I run a very small mowing business, so obviously, I have a lottttttt of competition. Best thing I can say is if you’re going to do something a lot of people are doing all you can do is try to do it better than everybody else. Customers will go with you rather than them because you do it better.

@xhubz 4 жыл бұрын

"Smart Work" is better than "Hard Work" to became a Millionair 💰

@brandonwinternheimer9550 4 жыл бұрын

x- hubz amen

@Zaburi- 3 жыл бұрын

What if both smart and hard work running concurrently ?

@darlinghtono8712 Жыл бұрын

"If someone can copy what you do, then you are not very good at what you do..and study to your competitors inside out. Thanks allot Dan Lok I ve learnt allot and now I need to put it into action..

@stormbrewer1169 4 жыл бұрын

Competition has been causing me anxiety this weekend; this is just what I needed to watch today. Thank you Dan Lok 🙏

@kericwu 4 жыл бұрын

Same! He helps reassure us many times 😁

@jmast1 2 жыл бұрын

Did you get past the anxiety? If so, how?

@petersan6078 4 жыл бұрын

I'm just a student of the game. Dealing with competition is a plus. Thanks Dan!

@m.k.thegymman9782 4 жыл бұрын

Hey Mr Dan. I have been watching you for over a month now and in all honesty, watching you has been life changing on so many levels. In many videos you speak about how many mistakes you used to make but when I look at you and watch your videos I get the sense that you are actually a kind person and a very genuine person it is almost tangible even on camera. Thanks for being honest always.

@ajkula411 4 жыл бұрын

I have three big gyms and two rehabilitation centers... i can say i am good at my job... BUT I MUST TELL YOU DAN... YOUR ADVISES ARE VERY VERY GOOD!!!! PERFECT!!!! THANKS FOR WONDERFULL ADVICES!!!!!! Best of luck from Dan😉💪

@kericwu 4 жыл бұрын

I agree! We can always learn from the competition. Learn how we can improve our skills based on what they do

@PatrickCogen 4 жыл бұрын

Thank you for the motivation Dan! It keeps me going. I wish you the best! :)

@deathrowinmate28 3 жыл бұрын

I like competitors... somewhere to send customers I don't wanna deal with. They become their problem.

@DrVGGuptaSurgeon 3 ай бұрын

This is like so much what I needed to listen to. Thanks Dan

@richnesse2663 4 жыл бұрын

we learn a lot from you, thank you very much 🙏🏻

@nicola-socialmediasuccess8687 4 жыл бұрын

Be the best at what you do! And you will never be worried about competition🔥

@deepakbisht6471 4 жыл бұрын

And how will you know that u r best..?

@nicola-socialmediasuccess8687 4 жыл бұрын

@@deepakbisht6471 if you learn everyday and every clients is happy, and your business is growing you're doing great

@andjelkovicjasmin2954 4 жыл бұрын

@@nicola-socialmediasuccess8687 That doesn't make you the best. Your clients decide if you're the best at what you do!

@manuelfernando9729 4 жыл бұрын

This guy is my Mentor, i listen to him and he always makes so much sense

@BDLAD 4 жыл бұрын

Just love your advice. And i get inspiration!!!

@RandomUtuber196 4 жыл бұрын

Quality is the best marketing strategy

@HustleWilliams 4 жыл бұрын

Dan fire info man I will totally be implementing these tactics in my current business for sure man thank you so much

@kyktkelvin 4 жыл бұрын

Thanks for sharing your perspective Dan. I find it very useful and strategic 👍🏻😊

@GenExDividendInvestor 4 жыл бұрын

Such awesome insights, thank you. I apply these same learnings to anything -- whether its growing a KZfaq channel or its a hobby or its etc. Know everything about them and their customers.. And then use that knowledge and internal drive to add even more value to your customers and potential customers. Thinking long term applies to any long term goals you have.. Investing is a key focus of mine (in quality dividend companies), and the people who have the right longterm mindset are who have the best odds of success.

@desifacts8307 4 жыл бұрын

Thank you sir.... you are the best mentor

@HerbivorousHomie 4 жыл бұрын

Amazing value Sifu! I remember you teaching us number 1 in HTC.

@NipTuckH 4 жыл бұрын

Thanks Dan, I love your content. When delivering a presentation or in a meeting, shall you mention or talk about your competitors and their products or no? Thanks in advance

@bpa7978 3 жыл бұрын

Right now, I'm very stress with my competitor and this video helps me a lot.thank u so much.

@joaoluzio9426 4 жыл бұрын

Hi Dan. I am in Portugal Real Estate and you are daily helping my team. Thanks great mentor That first statement made me think in corleone's fam. Cheers Lok

@ruhaanibebeautiful8981 4 жыл бұрын

You are doing an awesome work by helping many people around the world. Thank you ❤️ There are many tips you have shared. Can you please guide us what are the steps we should be taking while we are starting a new business. Some people may be lost and some may not be sure where to start from. Something that will help us to think constructively. I will be very grateful 🙏

@lakshmiedupalli6286 2 жыл бұрын

That moment""" i can wait..I got time""....I hit the like button with a smile after days... Thanks Dan..

@Je.rone_ 4 жыл бұрын

*Competitive business environments can have the paradoxical effect of discouraging would-be formidable competitors. Slowing down new entrants* 💪🌚

@kericwu 4 жыл бұрын

True! Thanks for pointkng that out

@Je.rone_ 4 жыл бұрын

@@kericwu no problem!

@letyduran7673 4 жыл бұрын

Thank you for these great tips!!! Very helpful!

@vowshforfemales 4 жыл бұрын

💥The best way to deal with competition and be better than them is do what they are most afraid to do. How do you know what they are afraid of? Answer: Exactly what you are afraid to do. You have been taught to copy from your competition. You spend a lot of time learning your competition that you become them, you are afraid to try what they haven't tried yet. Here is what you do, spend time unlearning them,you will become your own stronger self, you will go where they haven't yet gone and they will start to learn from you. Thats how you defeat the GIANTS in the market.

@pareshvaghela309 2 жыл бұрын

Ohh! You are just amazing. Your knowledge and experience throughout your videos represent a lot many things. Keep sharing it. Best wishes to you and your team.

@maheshmalik5030 4 жыл бұрын

Superb One Dan Sir. Keep that in mind.. Will work on the same.. Thanks for making this video

@JustFrugalMe 4 жыл бұрын

The main reason that competition is good is that it keeps everyone on their toes. Most of us are willing to admit that if we have the option to be lazy, we’re likely to be at least a little bit lazy. With no competition, our mindset very quickly becomes that the business owns the customers, and they have no place else to go. Most of us remember what taxi companies were like before Uber and Lyft came along now taxi services are offering a new experience.

@marcuslorang2103 4 жыл бұрын

Questions for Dan: Best ways to build long term staying power? How to identify the best areas for improvements after lost battles in a long term war?

@sallykang7418 4 жыл бұрын

Thank you very very much ..Dan Lok🥳

@aydaemir3754 4 жыл бұрын

It's okay to lose battle because the most important is to win war. Nice quote Dan Lok.

@jacobfaro794 4 жыл бұрын

Here's a question: what is the best method of rating employee performance so that good talent gets promoted?

@ronaldoriku5274 4 жыл бұрын

Thanks DAN for such awesome advice, what I have come to realize is that if one is willing to follow your advice no obstacles or nothing will stop him/ her from achieving his goals . Please Dan I think you will agree with me this, no man will walk alone without delegating and achieve great success ,now you have a team working with you , " HOW TO BUILD A HAPPY TEAM THAT WANTS TO WIN ? I looking for more great strategies from you Mr DAN .

@fern852 4 жыл бұрын

Mr. Dan, thank you so much again for the video. I am watching with very very enthusiasm. I would like to request you to do a video about 'recruitment ideas for a start-up service business' I am thinking of starting up an event planning business and love to hear how should I do recruitments. I am a professional in Finance.

@MatthewL02 4 жыл бұрын

Great video! Could you do a video on whether or not you currently keep a journal and how you use a journal for business, productivity, etc.

@BobbyGogios 4 жыл бұрын

Maybe track KPIs ?

@vaideswarana3223 4 жыл бұрын

Nice!!! I can learn so much from you.

@ruatafambawl 4 жыл бұрын

Dan you are my motivation

@shairamaysoron2755 4 жыл бұрын

Thankyou Dan for the Motivation 😍

@pursuehappiness8962 4 жыл бұрын

I love competition! But I love cooperation more. Clarity is my power.

@adityapandey7871 4 жыл бұрын

Absolutely true...

@printright 4 жыл бұрын

I Liked The Part Loose The Battle But Make Sure You Win The War That Is superb

@brandonwinternheimer9550 4 жыл бұрын

Print Right I liked that too

@pakfitnesstv8151 4 жыл бұрын

Thanks for giving the best idea and really its working

@freddymanochakubayi8213 Жыл бұрын

true .thsnks . they are useful to me

@Squealz_ 4 жыл бұрын

Hello Dan, I love the amount of value you put out here I have a question, how can I get more customers with Linkedin? I really have a problem when it's about gaining customers, can you tell me how I can fix this?

@swimcoachabel1105 4 жыл бұрын

Thanxs Dan 🙏

@felixliao5801 4 жыл бұрын

Dan makes a great point. This explains why Huawei CEO was seen with iPad MacBook etc before the U.S shut them down

@chunhung9000 4 жыл бұрын

It’s a very inspiring and motivating video. Thank you so much.

@miranomeques4266 4 жыл бұрын

thanks for your contents 💖

@alphakweenthingz3903 4 жыл бұрын

thank you for this one.

@fastgeek1 4 жыл бұрын

Thanks Sifu Dan Lok.... great ideas

@kymanijohann435 4 жыл бұрын

Dan Lok, you are good at wat you do.

@carolluague1812 4 жыл бұрын

Excellent advice teacher Dan...!

@fabricekuate7241 4 жыл бұрын

So great content, Thanks Dan

@dhruvvarshney400 Жыл бұрын

superbbbbb videos!! thank you so much!

@ThelumleysfilmMovies 4 жыл бұрын

I have friends that I tell about the ideas that I have for my business and they go and do it b4 me without i even knowing it so I learned a lot from this video

@diamonds5855 4 жыл бұрын

Same thing was happening to me.

@manuelperegrino737 4 жыл бұрын

Thank you my master

@none0n 10 ай бұрын

Super content. The last point is super deep and assuring.

@denshizzle0517 3 жыл бұрын

thank you for this...

@justinsiocha798 4 жыл бұрын

We need part 2 of this videos dan

@rubyrambeerich2182 3 жыл бұрын

Hello, 1st time see ur video really like it. I like the way u make others to be confident abt themselves. Thank you

@joyologun8747 Жыл бұрын

Thank you for the value you dished out! The last one got me. Think long term not short term. I'm not good with long term plan 😕. What do I do to stay long term?

@isaacgeex 4 жыл бұрын

Idk what it was about this specific video but this was bad ass!!!

@prachip4476 3 жыл бұрын

Excellent... Thanks a lot sir

@ginolew 4 жыл бұрын

Thks for the video

@fonstersnickare_johansson8375 4 жыл бұрын

Very insightful and inspiring! Thanks!

@kienleenavarette2402 4 жыл бұрын

clear explanation!!

@glendadadong1785 4 жыл бұрын

Nice video 👍 excellent yeah good idea learning more needed to help me thank you sir God bless you 🙏

@nandinidash3195 4 жыл бұрын

Powerful content. Appeals to all.

@Crazytimes25 4 жыл бұрын

Stay consistent with your work

@mariamkampire3597 Жыл бұрын

Am into some business but have learnt that competition helps you get new ideas, build you, etc so do it da healthy way. Like the food industry am in, even the simple things like cleanliness, speaking good to customers, listening to their missatisfactions could make bring u more customers. Jesus is Lord remember

@coachlidialavigne3871 2 жыл бұрын

Thanks, i learn alot

@R_Thomp 4 жыл бұрын

This video is brilliant!

@otimjaspher6086 Жыл бұрын

Competition challenge you to be better, totally agree with this

@GhoststoriesIND 3 жыл бұрын

Thanks a lot.

@fidomasunthinkable2723 3 жыл бұрын

Stay blessed!!!

@fridaymumba316 Жыл бұрын

This is great advice indeed 🤲🤲 good piece of work indeed 🙏🙏

@MP-uk6hi Жыл бұрын

Wow thank you

@kingfahimsir 2 жыл бұрын

Thanks Sir

@prosamis 4 жыл бұрын

Friends teach you what you want to know Enemies teach you what you need to know

@brettmarrow8419 4 жыл бұрын

Awesome Mr. Lok 👍🏽

@JULALAINE 4 жыл бұрын

Slow progress is the big thing, where planning and techniques are being built and founded. Endurance, staying power and right focus.

@comradechenkov6210 4 жыл бұрын

Thank you Sifu

@todddudas9715 3 жыл бұрын

This is awesome!

@MrTotoro7 4 жыл бұрын

thanks dan

@oduolasunkanmi344 Жыл бұрын

@danlok, please if you are doing a B2B sales but your competitor to the target client is a giant, what do you do to achieve creating a successful niche when it even appear that you are not given an easy access to the DMU of the client's company?

@user-pz6lq7wq6j 4 жыл бұрын

Great one

@alicewambui9127 2 жыл бұрын

I am glad I came across your content,I sell textile/fabrics in kenya,I am surrounded by people just want to see what I bring so they copy,it's gets to my nerves at times coz I risk to bring unique fabrics but this women when they see am selling they lack sleep looking for my product..