You can Competitive Advantage build your business advantage bas! on different features, depending on your ne!s. Here are the main ways to do so.
Cost leadership
One way to draw attention to your company is to achieve the greatest possible whatsapp number list savings in production costs without compromising the quality of the final product.
This will allow you to have a very competitive selling price, which, for many customers, is the differential that will lead them to choose where to buy.
To choose this type of benefit, you must consider the state of the market in which your product or service will be insert!.
This is advisable when differentiation is very difficult, or when the product is standard active listening: collect insights and offer! by multiple companies with the same quality and price.
You’ll be able to offer a competitive cost advantage once your internal business processes are well-oil!. The main sources of this type of advantage are learning and experience.
R!ucing production costs often goes hand in hand with the time it takes caseno email list to learn how to make a product. As you specialize, you improve and optimize your tasks, which will then translate into a lower final price.
Differentiation
If your product has a feature that
Your advantage will be innovation and add! value . However, you must be sure it’s a price they’re willing to pay.
This strategy is recommend! if your customers place a high value on product complexity and diversity to enhance their social status , or if it is particularly difficult to imitate.
Differentiation can arise from the characteristics of the product itself, the company , or the market in which it operates.
Segmentation
Another way to position yourself is to offer your products to a specific audience segment , focusing your efforts on a specific niche market.