6 things your competitors can teach you about business

#1: Create a better customer experience
If you take the time to listen to what your competitor’s audience is saying about them and to them, then you can use that info to make your customer experience better. For example, if they aren’t happy about something, fix the issue in your own business. By creating a solution for their discontent with your competitor, you are making your business more attractive.
#2: How to interact with your audience
Audience Interaction is very important. Making this one of the best way to have a strong and faithful audience backing you up.Does your competitor have a better relationship with their audience than you do with yours? Figure out why. Do they respond faster and solve customer problems better? Are their policies more customer-friendly?
#3: How to build trust
Building trust is very important. If your competition is already very established in the business then this allows you to make something for strive for. What tactics are they using to build that trust? Sometimes it’s as simple as making themselves more available for public-facing opportunities.
#4: How to use social media
Social media is very respectful platform these days. Look through your competitors’ social media profiles to get a sense of what they are doing right and what they are doing wrong. Do they have branding continuity across platforms? Do they offer exclusive specials for social media followers? What content has gotten the most engagement when they post? When do they post and how often? When do their followers respond on social media?
#5: How to create content
Invest in self-development
Questioning basic concepts
Take a contrarian vie
Story telling
Interviewing others
Social networking
#6: What not to do
Mistake 1: Failing to spend enough time researching the business idea.
Mistake 2: Miscalculating you net worth, you assets and most importantly time.

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