We need to understand why we need to change our strategy

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A simple example is to offer special discounts for regular customers or free gifts for certain purchases. With this, we can offer more than our competitors without having to lower prices. 2. Change Game & Business Strategy To get out of the price war, we have to change our business game plan. This means that we need to change to a new target market. When we change our target market, we can focus on different customer needs and wants. For example, if we originally sold products for children, we could change our target to the adult market and change the design of our products.


Has the market changed? Are competitors getting stronger? Do our products or gambling data malaysia services need to be adapted to changing customer needs? This way, we can devise a more effective strategy. We also need to gather information about the latest trends, what customers are looking for, and what our competitors are doing. This will help us make smarter decisions in changing business strategies. If necessary, change our product to be more relevant to the market . We can do new product development. Different products for different markets.


Maybe we need to add new features, improve quality, or provide more value to customers. 3. Strengthen Business Brand Positioning Another important strategy is to build strong brand positioning. What distinguishes our brand from other brands on the market? We have to focus on the uniqueness and value we offer. You have to identify what makes your brand unique. What do you offer that your competitors don't have? Maybe you have special features, the best quality, or an affordable price. You need to choose the target market that best suits your brand. Who do you want to sell your products to? Young people, parents, professionals? When you know who you are targeting, you can do more effective marketing.