http://www.forbes.com/sites/forbesl...etition-by-innovating-in-ways-they-cant-copy/
For those who don't want to read: This article offers some great information/points on defeating competition on another level. As you all know, people will try to copy you once you become known. Becoming better than them at things is one way to succeed. However, you can go a step further by doing something other people CAN'T do, like doing something that would require them to restructure their whole business or fire/hire new people.
You could also solve a problem in a way that newcomers won't be able to imitate, due to its hidden process, such as a different transaction method or quality control. Another method is consistently staying "with the times" and innovating, like Apple, which will make you a "moving target" of sorts.
I'd greatly like hearing your tips on beating competition too!
For those who don't want to read: This article offers some great information/points on defeating competition on another level. As you all know, people will try to copy you once you become known. Becoming better than them at things is one way to succeed. However, you can go a step further by doing something other people CAN'T do, like doing something that would require them to restructure their whole business or fire/hire new people.
You could also solve a problem in a way that newcomers won't be able to imitate, due to its hidden process, such as a different transaction method or quality control. Another method is consistently staying "with the times" and innovating, like Apple, which will make you a "moving target" of sorts.
I'd greatly like hearing your tips on beating competition too!
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
