Charlie
. 24th Nov, 2024 9:00 AM
What happens when a new competitor enters the market?
What happens when a new competitor enters the market?
When competition enters the market there will be 3 things that will happen based on my experience. There is 3 Things I have experienced as well Help My Business consulting Group clients have experienced. I have experienced growth, slow down, and nothing at all.
Todays Blog we will talk about growth. When a competitor comes to the marketplace my businesses have experienced growth. I credited to the marketing of the competitor. Help My Business Revenue Consulting Group and myself call it competitor over flow. Here is a Help My Business Revenue Consulting Group case study between two coffee shops. Coffee shop B experienced customer over flow. Coffee shop B same street two blocks down from the Coffee shop A. Coffee Shop A had been in existence for 9 years before the other coffee shop. Coffee shop A had been in business for 9 years started running coffee advertisement in the area. As a result it brought attention to Coffee shop B because people who saw the advertisement for 9 year Coffee shop A wanted to know if there was other coffee shops in the area. As a result the Coffee shop B had a customer over flow. Thanks to there competitor bringing coffee awareness to there block. Thanks for time. Power-Up!
