If either you're thinking of starting a Jump Business or looking for a way to expand a certain empire, there are 3 time-tested favorite Techniques you can use to be able to gain a good competitive edge. These techniques are 3 basic business strategies that can help you to create a new business or push your business to the next level of success:
If you take in these new strategies as your Business Motto,? You will be more likely to view and take lead of opportunities to grow your business bottom line and customers base. The stories of America's Top Producing Businessmen prove that applying these methods in a creative Montez Sweat Elite Jersey , clever and timely fashion can help propel a jump business small start-up to the status of industry leader.
1. Go on a Hunting Trips and Find a Low Competitive Niche
In the business world, there's nothing more thrilling than finding a Low Competitive Niche that represents a profitable market that everybody else has failed to spot and target. Very Similar to finding gold bars at a crowded mall, and you were the one who saw the golden sparkle first.
That's the story of Gary and Diane Heavin, founders of the Curves International fitness system. When the company launched in 1992 Dwayne Haskins Elite Jersey , the Heavins had just $10,000 in savings to invest in their company. Today, Curves is the world's largest fitness franchise system, with 10 Da'Ron Payne Elite Jersey ,000 franchise locations in 65 countries. How did Curves soar to the top? Instead of competing one-to-one with fitness giants like 24 Hour Fitness or Bally Total Fitness, the Heavins decided to serve the fitness needs of three Low Competitive Niches: middle-age and older women who are eager to get in shape but might feel intimidated by large gyms teeming with young, hard bodies; busy working women whose schedules could more easily accommodate the Curves 30-minute workout; and budget-conscious women who simply couldn't afford the pricey monthly membership dues charged by the major gym chains.
?Early on, Curves clearly set a standard for itself from the pack of gym competitors. Its services and clients were different. Aiming at an Low Competitive Niche is a path that Jump Business start-ups can take. Even a giant sized billion dollar company can't offer everything for everyone. Targeting the right niche -one that other business owners have neglected or ignored Landon Collins Elite Jersey , can help build a strong and loyal customer base while limiting competition.
2. Forget The Old Ways Of Business
Forgetting the old ways means ignoring those who say "It won't work" or "It's never been done that way." When business people overly depend on old formulas for success, they're left with a business that's, well, old. The most successful businessmen are willing to steer away from established formulas and ways of thinking. If you've started your own business Alex Smith Elite Jersey , don't just blindly accept the so-called best practices of your industry. You have to observe them in a fine matter.
?Dissect them, slice and dice them, think different "what if" scenarios in your mind. With no capital to speak of -- just $700 in cash -- John Paul DeJoria, cofounder of hair products giant John Paul Mitchell Systems Sean Taylor Elite Jersey , Forgot the old when he launched the Paul Mitchell line of hair-care products and decided to sell them solely to stylists and salons -- never to supermarkets or drug stores. Today, the company boasts more than $900 million in annual salon retail sales. That unique system of distribution nurtured exceptional customer loyalty. The Paul Mitchell brand not only provided quality hair products for use in salons; it also created a new revenue stream for the stylists. Many of their own customers bought the shampoos and conditioners for use at home.
3. Spot a New Niche and Execute
Most often, a change in traditional or economic trends will create new business opportunities. Many times that change comes from breakthroughs in technology. Geek Squad founder Robert Stephens was paying attention to such trends when the home PC market exploded. He figured out that most PC owners had limited technical knowledge. If their hard drive crashed, they were thrown into a state of panic. But unplugging their PC and hauling it off to a repair shop Wes Martin Jersey , where it would stay for a week or so, wasn't an attractive option. Stephens spotted the trend, jumped and executed an emerging and low competitive niche. Geek Squad made house calls. When Stephens launched Geek Squad back in 1994, the money-strapped college student had just $200 to invest in his business. But that same business eventually fetched millions in 2002 when he sold the business to Best Buy.
The Moral of the story is that there are opportunities for you right now. You just have to use these 3 methods and execute the plan.
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