EducationTips

How can small businesses effectively compete with larger businesses?

Like millions of decorators out there, many shops struggle to differentiate themselves from competitors who offer the same goods to the same potential customers. This is why branding is so critical to a business’s success. Having a brand identifies who you are and your niche. It’s crucial to identify yourself and who your target market is.

Look at your customer base. Who is your audience? What and why are they buying from you? Look for common interests. What is your typical customer like? What are their demographics?

Small businesses can effectively compete with large businesses by just targeting their niche market. Next, study your competitors. Who are their customers? You don’t necessarily have to go after the same market, but you may find a niche that they are missing or that’s weak.

If there is a weak link between you and your audience, then your brand isn’t strong. Defining your target takes a lot of research with trial and error, but once you know who you’re targeting, it will increase potential and repeat sales.

—Kavio!

Ivy Mai

Ivy Mai

Ivy Mai is a merchandise marketing manager for Kavio!, a fashion blanks manufacturer and supplier. With responsibility for developing and coordinating online marketing strategies through industry media websites as well as brand management on their social media platforms, she has been with the company since 2011. Ivy can be reached at ivym@kavio.com. Kavio! can be found on various social media platforms including Facebook, Instagram, Twitter, and Pinterest. 

View all articles by Ivy Mai  
Avatar of Charlie Fox

Charlie Fox

View all articles by Charlie Fox  

Related Articles

Back to top button