Strategy

How to set your business apart from the competition in 2020

2020 marks the beginning of a new decade, and the perfect chance for a fresh start. Heading into this new era, businesses in a wide range of sectors will be looking how to gain a real foothold in their respective markets. A key part of this is putting yourself head and shoulders above the competition.

Fortunately, there are a number of ways to do exactly that. Here are five ways you can set your business apart from the competition in 2020.

Know your USP

Whether you’re offering high-end fashion products or a wide selection of blackjack games, it’s important to know what unique selling point or proposition you’re offering to customers.

Every business does something different to others, even when you boil it down to the smallest components, so focusing on what sets you apart from the competition and underlining that to your consumer base is important. No matter what product or service it is, standing out from the crowd is always going to come from how the customer views what you offer and the way in which it can be delivered.

Care for customers

This may be an obvious one and it’s certainly a tip as old as time itself, but offering top-notch customer service and care is always worth reminding yourself of.

Treating your customer base like royalty will not only create a good, clean image of your business, but it’s also the first test of competence that consumers will assess you by. Not keeping customers on hold, addressing their concerns efficiently and generally approaching everything surrounding a customer with a good attitude will create loyalty and long-lasting relationships that your business can thrive on.

Be present online

If your business doesn’t have any sort of online presence, you’re already falling behind. While social media activity is an excellent way to stay connected with both customers and other businesses, something as simple as a blog with regular news updates from high-quality sources is sure to get your business noticed by new people – whether they’re looking for or merely stumbling upon it. On top of that, it can give you a much-needed voice, that will add to your brand and help distinguish you from other companies.

Reinvent yourself

Staying ahead of the curve is wholly necessary in a world where new developments come thick and fast. Products are being enhanced with technological advancements every day, so it’s always worth planning ahead to adjust your business along with them.

From designing apps, buying into new marketing and media trends or adopting a different approach to what demographic you want to appeal to, looking fresh in the eyes of the consumer will prove vital in this ever-shifting era of new technology.

Deliver on guarantees

Setting goals for your business is one thing, but making those goals known to your consumer base and achieving them will impress just as much as any product or service could. As long as you back up your guarantee, be it something like quick delivery or warranty on your product or service, it shows that you care about consistent customer satisfaction and will drive prospective patrons to you like moths to a flame.