Monday 12 March 2012

You Cannot Hide From Competitors

Competition abounds in the market place

Just recently I had the privilege of speaking with  two groups of  CEOs on branding. It was obvious that they had a general perception of what branding is all about. Well, because my assignment was to put them in the know, I started with the fact that Competitors would always compel you to brand. Enjoy this piece:
 
There’s no doubt that the market place is saturated. Gone are the days when just one Business owner, Product or Service enjoy(s) monopoly of market. Even if you are the pioneer of an industry, your business, product or service faces a threat because Competitors will emerge. When they emerge, there’s every tendency for you to become Afraid.
No sector of the economy is spared from the existence of competitors.
 
 Believe it or not, Competitors will not spare you. They will do everything possible to get the ATTENTION of your clients. Your client is the LIVE WIRE of your business. 

Once you lose your clients, automatically you lose profit and when you are not making profit, you have no choice than to lose the business. What then can you do to Attract your client guard against losing your business? The solution is to BRAND. Every smart SMEs must consider 

To your Success!

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