Comments on: How to Learn from Your Competitors as an Entrepreneur

By: Marsha Kelly

Marsha Kelly — Wed, 01 Feb 2017 22:26:08 +0000

I agree with your point that your competitors can actually help your business. They are indeed our teachers, both of what to do and not do to build our startups. More than once I have seen a competitor fail at a marketing campaign and learned a ton. My competitors help me to be a better business owner because they keep me on my toes. Appreciate you taking time to share your thoughts on this subject.

By: Edema Ero

Edema Ero — Wed, 26 Oct 2016 14:09:42 +0000

The last part sumarize it all, One is never done learning. Thanks for this insightful article, it is worth reading.

By: Ruth Johnson

Ruth Johnson — Wed, 28 Sep 2016 16:49:05 +0000

Interesting and useful article! Really inspiring. Thanks for the great share.

By: Nathan

Nathan — Fri, 23 Oct 2015 17:06:42 +0000

One of the best pieces of advice I have for finding out what your customers like or don’t like about the competition is to talk to them.

A 30-45 minute phone call or Skype session with a potential customer can teach you so much about what they like or don’t like. And moist importantly, what they will pay for.

But you’d be surprised how many people don’t do this! I know it sounds scary, especially because they might tell you that your big idea is no good. But if you ask the right questions, people will literally tell you what to sell them.

By: Nishadha

Nishadha — Fri, 09 Oct 2015 05:49:01 +0000

In reply to Joseph Hansen. I agree. Its more about learning than copying.

By: Joseph Hansen

Joseph Hansen — Fri, 09 Oct 2015 05:11:49 +0000

Copying is not always good. It leads you to trouble especially when you are in a business and you try to copy your competitors. But there is really nothing wrong if you’ll just learn from them instead of imitating them. You can be as successful as them if you’ll be more aware of what they’ve been doing or have done, and use this knowledge to be more innovative and unique in your own ways. Yes, be successful in your own ways!

By: Ambros

Ambros — Sun, 04 Oct 2015 16:06:54 +0000

Most entrepreneurs actually fall into the 2nd and third category. The first category is rare but very profitable. The 2nd is easier if you can replicate what your competitors are doing and can do better if you go extra mile. I fall into the 2nd category. Thanks Nishadha for this amazing piece.