Why do businesses need to compete?

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It could be because Tiktok's algorithm is slightly different compared to other social media platforms. This strategy for building influence is a strategy that takes quite a long time to show results, especially if you only rely on free methods. By free here, I mean you produce content and then publish it . After the content is published, you just wait and do nothing. If this is what you practice, then it's not surprising that it takes a long time to see results. Some people, when they want to see results faster, will do paid advertising to boost the content they produce so that more people can find it.


Why is there competition in this business world? Why don't we just create one armenia phone number resource type of business and then everyone works together to develop that business? In the real world, there is no term or situation where everyone is working hard to develop only one type of company. The reality is, when someone has an innovative idea that can provide a good return, they will open their own business. That's more reasonable than rushing to join other people's companies, supposedly because they want to expand their business. There are several reasons why businesses need to compete.


(1) Attract new customers and retain existing customers When we run a business, no matter what it is, we should not take a passive approach and just expect customers to come to us and make a purchase. If in the environment in which you operate now, i. There is no other business selling the same product or service as you ii. Customers are not good at making online purchases iii. Competitors do not promote their business aggressively So it's not a problem for you to do business leisurely. But we know that the reality is not like that.