Why is your competitor doing better?
To get your business to the customer, you have to advertise. Effective adverting is therefore important no matter the advertisement platform being used.
So, are your competitors doing better than you? Making more sales while yours seem to be decreasing? Does your competitor seem to be literally stealing your customers? Well, it is not black magic, put you right in that it is magic. There are several reasons why your competitors are ahead in the game and so they are doing better.
One, are you using outdated and ineffective strategies? This is the 21st century my friend and it is not just business as using in the advertising sector.
The traditional methods of advertising have been replaced by conventional ones and believe me; these conventional strategies are simply magic. The internet is the most used platform today. Traditionally, some of the platforms used included posters, radio audio adverts, newspaper and magazine printouts, and televisions. Even though some are still used, the internet has substituted the majority of these.
Two, if you are using the internet, there is the possibility that you are doing it wrong. To beat your competitors, you need to have your website rank higher than that of your competitors. This means, when customers search on their browsers, your site should be higher than those of your competitors and be among the first ten of the search results. This way, the chances of your site being clicked on are higher. To achieve this, you need to have your site optimized to meet the SEO requirements set by search engines. These might be complicated to understand and apply so; you will need the services of an SEO expert to get your site rank high.
Three, if you have all the above, then it is most likely that you are fishing in the wrong places. It would mean, while you are fishing in the stream, your competitors are fishing in the ocean. What this means is that you have to target sites that have high traffic. One of the places to target is social media platforms. Social media have a high number of users and it is highly likely that you will be able to fish some customers from these. Note: the number of customers you will get from any source will be directly related to the traffic of the source.
Four, how is your website designed? This is an important question if your competitors are beating you despite having adopted the above-stated strategies. Most web creation tools are designed to create sites accessible through PCs. However, the majority of internet users use their Smartphones and tablets, and other mobile devices. These devices are able to access sites hosted on the web 2.0 platform therefore, to reach many mobile internet users, your website needs to be mobile-friendly.
Five, you need to have an interactive relationship with your customers. Today, customers what to feel that the business they acquire supplies from acknowledges them individually. Through social media and blogs, this is possible. So, make sure you respond to customers in a timely and satisfactory manner.
In summary, all you need is to adopt the new advertisement methods, if you have troubleshot and lastly, appreciate every customer you have and you will give your competitors sleepless nights.