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Here's
How To Make Your Product Or
Service Better Than Your Competitors'!
One
of the key ways to get more of your customers to respond
to your offer is to make your product or service stand out
over the competition. Here are 11 ways for you to do just
that. They are...
1.
Offer good quality and service.
Your
customers can only judge you by the quality of the product
you sell and by the customer service you provide. So, make
sure that you provide the highest quality of both so your
customers will want to keep coming back to you for more!
2.
Sell a product or service that provides a major benefit
to your customers.
A
lot of businesses spend way too much time focusing on the
specific product or service they provide rather than focusing
on the benefit it will provide their customers. You should
make sure that your product or service has a major benefit
to the customer.
3.
Try to select a product that is not available through retailers,
but is in high demand.
The
harder it is for people to find your product, the more likely
people are to get it from you. Why would people buy a product
from you that they can't see when they could go to a local
retailer and see the same product before they decide to
buy it?
4.
Market products that are new, but popular.
You
should try to find a product that is new enough that it
hasn't run its course, but one that is popular among your
target market. Don't bother trying to find or create the
perfect product for everyone and their brother. Stay focused
on your target market!
5.
Try to obtain exclusive arrangements with your supplier.
If
you rely on a supplier for your product or service, try
to make an arrangement so that you are the only business
that they work with. If no other business can get the supplies
from your source, then people will have to rely on you to
fill their orders!
6.
Choose a product that is readily available to you, but hard
to find nationally!
You
want a product that not just everyone can get their hands
on. This is why creating your own informational product
is such a good idea! It can be all yours. Everyone must
come to you to get it, because you are the only place they
can get it from!
7.
Try to market a product or service that allows customers
to switch over to your product from the competition.
You
want to create a product that will have people running over
to you from the competition. You must create a product or
service that gives people something that they can't get
from the competition. This way, you can get people to switch
to using your product or service. Sometimes, you even create
an edge over your competition by creating a new and unique
way to market something the competition is already selling!
8.
Be flexible with your product.
If
you notice that your supplier is getting low on a product,
switch products. The last thing you want to do is have orders
coming in for a product that you can't fill. You should
always remain flexible. Give yourself an easy out. This
way, if you suddenly experience a problem with a supplier,
you can easily switch products without seeing a financial
strain on your business.
9.
You must see an acceptable profit margin.
You
must take into account your costs to get the product to
your customer before you set a price on your product. This
is where many businesses fail, especially in direct-response
marketing. Many businesses think that they can survive on
50% profit, and they are dead wrong. Many times in mail
order, due to the high costs of printing and mailing, you
must have a mark-up of around 3 times your cost. This is
a bare minimum. In all actuality, it would be better if
you could get around 5 to 7 times the cost.
10.
Sell newly introduced items rather than worn-out catalog
products.
Everyone
wants the latest thing. So, even if your product is really
old, you must find a new way to market it. Or, you must
add a new twist. Many people in the market are doing this
every day! They may have a product that they have been marketing
for years. But they are always finding a new way to market
it, and the profits keep coming in for them.
11.
You must test to find the best price.
Pricing
is a very subjective thing. You have to let the market tell
you what to sell your product or service for. If you are
not careful when pricing your product, you may price yourself
right out of the market. If you don't, you may find yourself
in an undesirable situation. First, you may under-price.
If that happens, you will not leave enough profit margin
for future production cost increases. It will force you
to raise the price, which can anger customers. Or, you could
overprice. If this happens, the competition will get more
business because they are selling the same thing for less.
These
11 guidelines will help place your product or service above
the competition. If you will follow these guidelines, you
can prove to your prospects that your product or service
is worth spending their hard-earned money on - more-so than
the competitions'.
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