Here’s how: 1. Study your competitors inside out. Your competition is not just from the same business, but other businesses too 2. Focus on how you can add value to your customer 3. Think long term, not short term. “I could wait 10 years to win this war” mindset can alter the way you think to last longer in this game 4. Bonus: why not profit from the competition? Partner up or collaboration?

@Bold_Reflections

Жыл бұрын

😊😊😊😊

I love that word, profit from your competition. You can also make your competition go down, so you get their customers and stay on the edge

"Competition challenge you to be better" , totally agree with this.

@diamonds5855

4 жыл бұрын

Be there when others give up.

I like competitors... somewhere to send customers I don't wanna deal with. They become their problem.

One more thing I can add: "Avoid What is STRONG and Strike at What is weak" - Art of War Lets say you Compete with Walmart. What Walmart is strong at? low Price right? Avoid Competing at price! Compete at something Walmart is weak at. like they use under paid workers for long hours or compete at High Quality.

@andjelkovicjasmin2954

4 жыл бұрын

I agree, but if you never challenge stronger/better competetors you'll never improve enogh to become the best at what you do, never! "Challenge the stronger ones if you wanna belong to the strongest ones"

@sinkers3716

4 жыл бұрын

its actually a lot stronger to tackle the strongest assests in a biz, because then the total percieved value decreases and customers have a worse outlook on the brand

@amainlaw5959

2 ай бұрын

well said

"If Someone Can Easily Copy What You Do Then You're Not Very Good At What You Do" Thanks Sifu Dan. I have followed you more than a year from now and I watched your very single video that you uploaded. I'm watching this one as well and I use your idea and it works.

@keithdmello

Жыл бұрын

Very valuable lesson I needed

Thank you for the motivation Dan! It keeps me going. I wish you the best! :)

Hey Mr Dan. I have been watching you for over a month now and in all honesty, watching you has been life changing on so many levels. In many videos you speak about how many mistakes you used to make but when I look at you and watch your videos I get the sense that you are actually a kind person and a very genuine person it is almost tangible even on camera. Thanks for being honest always.

"Smart Work" is better than "Hard Work" to became a Millionair 💰

@brandonwinternheimer9550

4 жыл бұрын

x- hubz amen

@Zaburi-

3 жыл бұрын

What if both smart and hard work running concurrently ?

I agree! We can always learn from the competition. Learn how we can improve our skills based on what they do

I have three big gyms and two rehabilitation centers... i can say i am good at my job... BUT I MUST TELL YOU DAN... YOUR ADVISES ARE VERY VERY GOOD!!!! PERFECT!!!! THANKS FOR WONDERFULL ADVICES!!!!!! Best of luck from Dan😉💪

I run a very small mowing business, so obviously, I have a lottttttt of competition. Best thing I can say is if you’re going to do something a lot of people are doing all you can do is try to do it better than everybody else. Customers will go with you rather than them because you do it better.

I'm just a student of the game. Dealing with competition is a plus. Thanks Dan!

we learn a lot from you, thank you very much 🙏🏻

"If someone can copy what you do, then you are not very good at what you do..and study to your competitors inside out. Thanks allot Dan Lok I ve learnt allot and now I need to put it into action..

Just love your advice. And i get inspiration!!!

Thanks for sharing your perspective Dan. I find it very useful and strategic 👍🏻😊

This is like so much what I needed to listen to. Thanks Dan

Such awesome insights, thank you. I apply these same learnings to anything -- whether its growing a KZread channel or its a hobby or its etc. Know everything about them and their customers.. And then use that knowledge and internal drive to add even more value to your customers and potential customers. Thinking long term applies to any long term goals you have.. Investing is a key focus of mine (in quality dividend companies), and the people who have the right longterm mindset are who have the best odds of success.

Dan fire info man I will totally be implementing these tactics in my current business for sure man thank you so much

Competition has been causing me anxiety this weekend; this is just what I needed to watch today. Thank you Dan Lok 🙏

@kericwu

4 жыл бұрын

Same! He helps reassure us many times 😁

@jmast1

2 жыл бұрын

Did you get past the anxiety? If so, how?

Thank you for these great tips!!! Very helpful!

Amazing value Sifu! I remember you teaching us number 1 in HTC.

Thanks Dan, I love your content. When delivering a presentation or in a meeting, shall you mention or talk about your competitors and their products or no? Thanks in advance

This guy is my Mentor, i listen to him and he always makes so much sense

Be the best at what you do! And you will never be worried about competition🔥

@deepakbisht6471

4 жыл бұрын

And how will you know that u r best..?

@nicola-socialmediasuccess8687

4 жыл бұрын

@@deepakbisht6471 if you learn everyday and every clients is happy, and your business is growing you're doing great

@andjelkovicjasmin2954

4 жыл бұрын

@@nicola-socialmediasuccess8687 That doesn't make you the best. Your clients decide if you're the best at what you do!

Thank you sir.... you are the best mentor

Nice!!! I can learn so much from you.

Hi Dan. I am in Portugal Real Estate and you are daily helping my team. Thanks great mentor That first statement made me think in corleone's fam. Cheers Lok

Ohh! You are just amazing. Your knowledge and experience throughout your videos represent a lot many things. Keep sharing it. Best wishes to you and your team.

You are doing an awesome work by helping many people around the world. Thank you ❤️ There are many tips you have shared. Can you please guide us what are the steps we should be taking while we are starting a new business. Some people may be lost and some may not be sure where to start from. Something that will help us to think constructively. I will be very grateful 🙏

That moment""" i can wait..I got time""....I hit the like button with a smile after days... Thanks Dan..

Right now, I'm very stress with my competitor and this video helps me a lot.thank u so much.

Superb One Dan Sir. Keep that in mind.. Will work on the same.. Thanks for making this video

It’s a very inspiring and motivating video. Thank you so much.

*Competitive business environments can have the paradoxical effect of discouraging would-be formidable competitors. Slowing down new entrants* 💪🌚

@kericwu

4 жыл бұрын

True! Thanks for pointkng that out

@Je.rone_

4 жыл бұрын

@@kericwu no problem!

Quality is the best marketing strategy

Thank you very very much ..Dan Lok🥳

Thankyou Dan for the Motivation 😍

So great content, Thanks Dan

Thanks for giving the best idea and really its working

Thanks DAN for such awesome advice, what I have come to realize is that if one is willing to follow your advice no obstacles or nothing will stop him/ her from achieving his goals . Please Dan I think you will agree with me this, no man will walk alone without delegating and achieve great success ,now you have a team working with you , " HOW TO BUILD A HAPPY TEAM THAT WANTS TO WIN ? I looking for more great strategies from you Mr DAN .

Mr. Dan, thank you so much again for the video. I am watching with very very enthusiasm. I would like to request you to do a video about 'recruitment ideas for a start-up service business' I am thinking of starting up an event planning business and love to hear how should I do recruitments. I am a professional in Finance.

Excellent advice teacher Dan...!

Thanks Sifu Dan Lok.... great ideas

superbbbbb videos!! thank you so much!

Dan makes a great point. This explains why Huawei CEO was seen with iPad MacBook etc before the U.S shut them down

thanks for your contents 💖

I love competition! But I love cooperation more. Clarity is my power.

Hello Dan, I love the amount of value you put out here I have a question, how can I get more customers with Linkedin? I really have a problem when it's about gaining customers, can you tell me how I can fix this?

It's okay to lose battle because the most important is to win war. Nice quote Dan Lok.

thank you for this one.

Here's a question: what is the best method of rating employee performance so that good talent gets promoted?

Dan you are my motivation

Great video! Could you do a video on whether or not you currently keep a journal and how you use a journal for business, productivity, etc.

@BobbyGogios

4 жыл бұрын

Maybe track KPIs ?

Questions for Dan: Best ways to build long term staying power? How to identify the best areas for improvements after lost battles in a long term war?

Thanxs Dan 🙏

Super content. The last point is super deep and assuring.

Nice video 👍 excellent yeah good idea learning more needed to help me thank you sir God bless you 🙏

true .thsnks . they are useful to me

Dan Lok, you are good at wat you do.

Hello, 1st time see ur video really like it. I like the way u make others to be confident abt themselves. Thank you

This video is brilliant!

The main reason that competition is good is that it keeps everyone on their toes. Most of us are willing to admit that if we have the option to be lazy, we’re likely to be at least a little bit lazy. With no competition, our mindset very quickly becomes that the business owns the customers, and they have no place else to go. Most of us remember what taxi companies were like before Uber and Lyft came along now taxi services are offering a new experience.

Absolutely true...

Powerful content. Appeals to all.

Excellent... Thanks a lot sir

thank you for this...

I have friends that I tell about the ideas that I have for my business and they go and do it b4 me without i even knowing it so I learned a lot from this video

@diamonds5855

4 жыл бұрын

Same thing was happening to me.

Idk what it was about this specific video but this was bad ass!!!

Very insightful and inspiring! Thanks!

clear explanation!!

I Liked The Part Loose The Battle But Make Sure You Win The War That Is superb

@brandonwinternheimer9550

4 жыл бұрын

Print Right I liked that too

Thank you for the value you dished out! The last one got me. Think long term not short term. I'm not good with long term plan 😕. What do I do to stay long term?

Thks for the video

This is awesome!

Awesome Mr. Lok 👍🏽

Thank you my master

Stay consistent with your work

Thanks, i learn alot

Amazing video ❤️

This is great advice indeed 🤲🤲 good piece of work indeed 🙏🙏

We need part 2 of this videos dan

Great one

Thanks a lot.

@danlok, please if you are doing a B2B sales but your competitor to the target client is a giant, what do you do to achieve creating a successful niche when it even appear that you are not given an easy access to the DMU of the client's company?

Great knowledge and video

Wow thank you

Thanks for extra tip!

Thanks Sir

This is how I think. Very well said!!! 👊👊✊✊👏👏👏

great one highly exudative

Competition challenge you to be better, totally agree with this

Stay blessed!!!

Great Video Sir....!

Dam, this has realy opened my eyes

Another great video!

Relatively with time is also resources... I think there's a balance and trade off to play as well bc time is relative and resources are never enough

Slow progress is the big thing, where planning and techniques are being built and founded. Endurance, staying power and right focus.

thanks a lot.. 🙏😘👌