Home
>
Strategic Planning
>
How to Snuff Out the Competition Without Leaving a Mark

How to Snuff Out the Competition Without Leaving a Mark

Does the competition drive you crazy?

Are they relentless about taking your clients away?

Are customer loyalties becoming a thing of the past?

In our ever changing world, it seems securing business these days comes down to, who will provide the most service at the lowest possible price.

To add insult to injury your previous customers have taken on a new militant attitude about obtaining your services.

They now believe they have a license to set the pricing, dangle it over your head and threaten to call someone cheaper if you will not meet their demands.

It seems the rules have changed and if we are not willing to make the adjustment our businesses will continue to feel the impact from the competition. So today's article is:

How to snuff out the competition without leaving a mark.

If the title to this article seems a bit brutal, harsh or to blunt for your taste buds, then take a moment and reflect how your business has been affected by your competition. How that before they came along your were not being hounded about your prices.

Think about how every year several more new businesses come from out of nowhere. They don't advertise, won't get the proper licensing, refuse to be properly insured and have shamelessly solicited your customers. I can assure you that the competition, given half a chance, would not think twice about putting you out of business if they knew how.

A burr in your britches? I'm thinking, "OH YEAH!"

So how can you snuff out your competition without leaving a mark?

To begin you must first realize that all successful businesses have always played by a set of unchanging rules.

1. Be #1.
2. Never reveal your business strategies or tactics.
3. Look for business that no one is doing or is willing to do.
4. Give more than what the customer is expecting.
5. Follow-up

1. Be #1.
So what do I mean by being #1? It means you never rest on your laurels. Remember you are only as good as your last transaction. You must always excel at honing your skills, always increasing your knowledge base and developing long term customer relationships. This attitude sets you head and shoulders above the competition.

2. Never reveal your business strategies or tactics.
I don't care how well you know a fellow business person or how long you have known them. Always remember what P.T. Barnum said,

"Some men have a foolish habit of telling their business secrets. If they make money they like to tell their neighbors how it was done. Nothing is gained by this, and oftentimes much is lost. Say nothing about your profits, your hopes, your expectations, your intentions. And this should apply to letters as well as to conversations. Goethe makes Mephistopheles say: "Never write a letter nor destroy one." Business men must write letters, but they should be careful what they put in them. If you are losing money, be specially cautious and not tell of it, or you will lose your reputation." - P.T. Barnum

3. Look for business that no one is doing or is willing to do.
Here is where your competition will strike out. They are always looking for what everyone else is doing so they can copy it and make a fast buck. If it is too detailed or involved there is a greater chance of you securing that niche market and exploiting it for greater profits.

4. Give more than what the customer is expecting.
Most of the competition will only do just enough to get the job. The smart business person goes beyond what was stated to do. You are looking out for your client's best interest. This initiative builds additional value into your service. It also shows your customer that you value them as a client and not just a transaction.

5. Follow-up
This area is where all businesses fail the most. Simple gratitude goes a long way. When someone took the time to call you or send you a "thank you" note for doing business with them, you appreciated the extra effort. So why not do the same for your clients.

Now that you have a clearer understanding of the business rules let's focus on:

How to snuff out the competition without leaving a mark.

Now before you ask, "Is it legitimate or easy to do?" I can assure you that what I show you will prove to not only be legitimate and easy to do, but can be implemented before your next business day.

Will you need some help getting started? As a matter of fact the very people you employ will be the ones that will assist you and will be the driving force in securing more business.

1. You will begin having 3 staff meetings a week with your employees. You must rouse the men and women of your employ to strive for perfection in their work and tell them they will be compensated for their achievements.

2. You must set daily, weekly and monthly goals for them to achieve. A simple daily goal is to make contact with 5 different customers you have not served. This can be done by phone or in person. By doing this the public is beginning to learn of your company in a personal way but the competition has no idea what you are doing.

3. You want to institute some good healthy in-house competition between the employees. It's great for moral, builds a bond of loyalty to your company and keeps those in your ranks striving to out do each other by meeting your goals.

4. Encourage your employees to speak up and let you know what's bugging them. Their opinions are usually valid and you should take note of what is being said. Do this in your staff meetings. Then invite others to respond. It is better to get a problem out in the open to prevent harbored and hurt feelings.

5. Let's also not forget to reward them for their efforts. No matter the progress they make, you want your employees to be glad they work for you. The best way to reward an employee is with a monetary bonus. People appreciate getting extra money for doing a good job.

6. You must give your top producers special recognition, because they are the ones setting the standard. They are building your company and assisting you to become more of an anchor in your community.

I'm sure that right about now you are wondering what happened to:

How to snuff out the competition without leaving a mark.

You might even be thinking, "Why are we talking about employees and not concentrating on who is hurting my business?"

Before you setout to undermine your competition's efforts, you must have firsthand knowledge of what your employees know and correct it or improve on it. Building them up to be stronger becomes another asset to your company. Their state of mind and how they view your company could also benefit your business or cost you business.

A well oiled machine runs more efficiently when all of it's internal parts are constantly checked to determine if they are working properly. When a company wants to be a better producer of goods and services and snuff out the competition without leaving a mark, it is imperative that all who are involved in the process are at the top of their game.

For this to happen it is up to the owner or manager of that business to motivate their staff to become a team. A company that has a staff working as a team will become stronger, vibrant and harder to defeat. In turn the staff will come up with new and fresh ideas that can produce more revenue and bring in more clients.

While your competition is trying to make a fast buck you will be busy building your army that will snuff out the competition without leaving a mark. Your competition will simply not know what hit them.

About the Author: Woody Qui?ones is the owner of Hardee Lock & Key and www.impactyourarea.com, a promotional products website. He is also a Specialty Advertising Dealer and New Dealer Sponsor with Kaeser & Blair Inc. You can go to his website anytime to view his product line, apply to become a dealer or stop by his forums to gather ideas about promoting your business.

professional maid services Deerfield ..

In The News:

Scammers nearly stole an Apple account by exploiting the support system with authentic-looking tickets and phone calls, users can protect themselves with safety steps.

FoloToy restored sales of its AI teddy bear Kumma after a weeklong suspension following safety group findings of risky and inappropriate responses to children.

Threat intelligence firm Synthient uncovers one of the largest password exposures ever, prompting immediate security recommendations.

Viral video shared by Elon Musk shows Tesla's Optimus humanoid robots performing tasks from cooking to construction, garnering over 58.5 million views on social media.

Chinese hackers used Anthropic's Claude AI to launch autonomous cyberattacks on 30 organizations worldwide, marking a major shift in cybersecurity threats.

Apple's new Sleep Score feature gives you a rating for your nightly rest quality. Learn how to set it up on your Apple Watch and iPhone today.

Essential phone settings to enable before losing your device, including Find My network, location services and security features for iPhone and Android.

The Fox News AI Newsletter gives readers the latest AI technology advancements, covering the challenges and opportunities AI presents.

Cybersecurity research shows weak passwords remain a major threat, with simple patterns and number sequences putting millions of accounts at risk.

New Android malware BankBot YNRK silences phones, steals banking data and drains crypto wallets automatically. Learn how this advanced threat works.

FDA approves first human trial for Paradromics' brain-computer interface that could restore speech for paralyzed patients through neural technology.

New phishing platform QRR targets Microsoft 365 users across 1,000 domains in 90 countries. Learn how to spot fake login pages and protect your accounts.

OpenTable now uses AI to track your dining habits and share insights with restaurants. Learn what data they collect and how to protect your privacy.

Google's discontinued Nest thermostats still secretly upload home data to company servers despite losing smart features, raising serious privacy concerns.

New Android malware NGate steals NFC payment codes in real-time, allowing criminals to withdraw cash from ATMs without your card. Learn protection tips.

DoorDash confirms data breach exposing customer names, emails, addresses after social engineering attack. Learn how to protect yourself from scams.

Concerned about Google's AI scanning your Gmail? Learn how to disable Gemini features that access your emails, Drive files and Chat messages for privacy.

Google warns Android users about dangerous fake VPN apps hiding malware that steals passwords, banking details and personal data from phones and tablets.

Apple's digital passport feature lets iPhone users breeze through TSA checkpoints this holiday season using Digital ID technology at 250+ airports.

A new phishing scam targets family photos with fake "Cloud Storage Full" alerts. Criminals steal credit card information through fake sites. Learn protection tips.

South Korean scientists create ultra-thin fabric muscles that turn clothes into robotic assistants, lifting 33 pounds while weighing under half an ounce.

Archer Aviation has acquired Hawthorne Airport for $126M to launch an LA air taxi network ahead of the 2028 Olympics, featuring AI-powered eVTOL operations and next-gen aviation tech.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Fake AI apps disguised as "ChatGPT" and "DALL·E" are flooding app stores with dangerous malware that steals data and monitors users without detection.

Fake buyers demand specific vehicle reports from unknown sites to steal credit card information from car sellers, but warning signs can help identify these scams before paying.

How to Snuff Out the Competition Without Leaving a Mark

Strategic Planning