Small Business Can Compete


Don't compete on price alone. Low price
shoppers only care about price!
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Differentiate: Offer products and services that
are distinctly different from your big competitors.
Convenience or service alone usually is not enough.

Paradigm Shifts: Stay up with
industry trends and jump in and earn a profit just
as soon as the paradigm shifts. Big businesses tend
to be slow to react. Drop the product once big
business gains a price advantage.

Add Value: Link special services for which you
can charge to the products and services you sell.
Deliver error-free service.

Target the Right Customers: Aim marketing
efforts at customers who are likely to respond to the
added-value differences you can provide.

Keep Advertising Expenses Low: Practice
good public relations, offer referral incentives to
customers who send you new customers and keep
good customers.