When it comes to running a business, knowing your competition plays a very important role on how you make your business grow. How often do you view your competition? For me, from time to time I always go through the social media pages of does in the same line of work as me to see what new update they have made to be able to learn from them and improve on my own.
How often do you check on your competition?
- Thread starter eldavis
- Start date
My business competitors installed their milk tea business in the other malls. There are many malls in the city where I live and despite far, I still keep my eyes on them. I visit their center and observe how they serve customers.
- Thread starter
- #4
That's nice. Same here I also check does who are into customized items and graphics, I see their latest designs, their prices and how they run their social media pages.
It's not advisable to keep on checking updates of your competitors sooner or later you'll become insane once learned your customers transfer to the other side. Better concentrate on your own make modifications and innovations to make your business grow profitably.
I think the issue of pricing is all that brings about competition. So if you want to improve the business growth and maintain your business sustainability you must keep in touch with what your competitors are doing for sure.
I don't check on competition but I check on industry trends to know what others are doing and what is trending for me to adjust.
