Opportunities Stocked in Competition.
If you’ve got the capacity to buy merchandise in bulk then you’ve got resources at your disposal and in business we use money to make m-o-n-e-y. To this end, the rich have an automatic edge in business.
Now don’t forget that the Bible says we collect from have-nots and handover to haves, paraphrased financial resources flow from big to bigger, better still resources negate the conventional gravity and obey business gravity so they never flow from grace to grass but climb from height to height. Hmmm no hard and fast rule in life.
Now if a big player enters into your line of business, of course he’s likely to usurp your clients. Why?
Buying commodities in bulk is cheaper hence a big business player can afford to sell at cheaper rates and we all (including billionaires) will go for products, services that are of the same brand and quality but relatively cheaper.
That’s why the rich get richer but there are opportunities for struggling people to gatecrash into the league of the wealthy.
Now should you have a big player in your line of business, think deep, be smart before you’re sent out of business. To hit the nail on the head, diversify.
If your formidable competitor retails a particular product or products go for ancillary products that will make his patrons your potential customers.
For instance if your strong competitor retails rugs stock underlay, if he deals exclusively in Jacuzzi stock WCs, if she stocks baby-strollers, be smart enough to diversify into mother-care products. By extension if he deals in roofing sheets, chandeliers might do the magic for you I may not know what’s applicable in your context but think about products or services that go together just like French fries and ketchup …. Perhaps this article is basically to inspire you to take some steps you know best.
Above all be diligent, have a receptive heart, commune with God and He will guide and direct you on the path you should chart or appropriate step to take in your career or business.
Don’t be afraid of competitors, competition – remember adversity is a well filled to the brim with opportunities.
We are made in Nigeria. We are original.
We are olayemiogunojo.com … enriching lives across miles.