No one win’s the race to the bottom

No one win’s the race to the bottom

💡  As entrepreneurs just starting out in business, we often are pressurised to rack up on sales, and therefore may have a tendency to want to compete on price…

I remember starting out in business and tried outcompeting on price… “boy oh boy”, was that the biggest mistake ever made. Why❓

✅ If we drop our prices just to get customers or because our competition have lower prices, then we’re going to be out of business soon.

It’s what I call “the kiss of death”❗️ Instead of competing on price, when starting out in business, consider the following elements:

✅ Compete on delivering better AND faster results; a better, higher quality product/service or even a celebrity endorsed product or service.

✅ Make the product or service unique and different that its in a “category of its own”

✅ By doing this, we eliminate the need to compete on being the lowest price product or service… BECAUSE NO ONE WINS THE RACE TO THE BOTTOM.

💎 If the only thing we can compete on is price, this question may arrive sooner than later – how long will we be in business❓ 💎

If you are ready to be the success story you deserve, grow your business and personal life, then visit our website for more information on our Entrepreneurs Wheel of Life Flagship Coaching Programme.  See how we helps entrepreneurs create and execute their personal and business blueprint!

How To Build A Successful Business | Hiten Keshave


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