5 MISTAKES THAT WILL KILL YOUR BUSINESS

[zihadhasan012]

THE SKY IS NOT ALWAYS CLEAR! There are times when our business is booming, and there are times when our business is not doing well..
With strong competition, more and more new competitors are emerging every day. THIS IS THE NEW CHALLENGE OF BUSINESS. . If we add to this our mistakes (business owners).. the situation is even worse and can make our business KILLED !

In my teaching experience, most of them come from more or less the same problem factors, but the story is different.

After I made the postmotem, there were some SAME mistakes I saw in the founders now.

Here, I want to share 5 MISTAKES THAT CAN KILL YOUR BUSINESS!

#1 PRODUCT


If we focus too much on just 1 product, without new innovations, new ideas, new strategies including marketing & branding. Our brand is happy to have a weak perception. There are 2 or 3 other products, you can make Brand Extensions . Add more product categories to further increase the strength of our brand.

One example we can take is the Maggi brand – initially Maggi was famous for its Instant Noodles, now Maggi has released many other product categories such as instant cups, sauces, seasonings, and cooking spices. The kitchen is full of its own products..

Not only that, if there are 2-3 other products, it's also easy for us to package our products, for example, like a "Daily Supplement Set" ... because these packages can generate SALES INCREAMMENT . Our sales will automatically increase.

#2 BRANDING


If we don't improve our brand name, then new competitors wil algeria phone data l appear, copy, or copy & adjust, which will have a bad impact on your business in the future. Branding is VERY IMPORTANT if you want to be strong or stay in the market.

For example, the Apple brand, although we all know how different the iPhone is in terms of price. But it is still being chased by many people. Anyone who can buy an iPhone as soon as it is released , has become a source of pride. How great is Apple's branding, it emphasizes VALUE, UNIQUENESS, DESIGN, USER EXPREIENCE and many more.

That's what we want when people see our brand! The strength of this branding is what will differentiate our position from our competitors. With branding we can also communicate with our audience .

Pepatah omputih “It’s easy to love a brand when they love you back”. – Seth Godin.