Increasing Your Market Share ... Good Or Bad Idea - You Decide

 
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Old 04-18-2007, 11:00 PM   #21
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Re: Increasing Your Market Share ... Good Or Bad Idea - You Decide


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Originally Posted by Tscarborough View Post
The simple answer to competiton from any source is to improve youself. Do not allow the market to dictate your business plan or your prices. It is your job to set prices and standards, not follow them.
and i do not disagree with that Tscar


but


i disagree at the same time.


How can I set a price standard when HALF of my market is already taken???

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Old 04-18-2007, 11:03 PM   #22
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Re: Increasing Your Market Share ... Good Or Bad Idea - You Decide


You are simply pursuing the wrong market.
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Old 04-18-2007, 11:38 PM   #23
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Re: Increasing Your Market Share ... Good Or Bad Idea - You Decide


Dirt are the big two really kicking your butt? Honestly, are you loosing a large # of pools too them?

You shouldn't be afraid of them. They should be afraid of you, since your going to start digging into their market because your product is better and because you will give better customer service.

How many pools a year are you looking to do?
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Old 10-12-2008, 01:00 AM   #24
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Re: Increasing Your Market Share ... Good Or Bad Idea - You Decide


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alright ... i dunno bout you all ...

ok ... let's say you have 50 competitors in your area. 2 of them make up for 50% of all sales in your area.


is this like your local industry?? Is mine.

I have an idea.



The 2 largest competitors are marketing GIANTS.



I walk into someone's house on a sales call ... am I worried about "Billy Bob's Construction" doing an estimate as well??? Nope --- he only has a 1% of the market share.

I'm selling against these two large corporations.


I imagine most of you all run into this as well. Heck, if nothing else - there's plenty ill-will towards Home Depot around here. So I imagine this hits home





But what if you could gather with say 2 or 3 of your strongest competitors. Form an organization --- not a company --- and organization. The purpose of this org would be to promote ALL of you. The purpose is to take a huge chunk of the large comp. market share.


It's simply the little guys ganging up on the big guy.

You and your 3 fairweathered friends will STILL compete against eachother

You just combine your marketing funds to promote this "organization"

Say like the "Chicago Metro Area Remodelors Guild" --- something like that.


There will be no conspiracy stuff like price fixing (it's illegal anyways) --- or setting "territory"

the four of you could not handle the market that you would capture singlehandedly --- so there would be enough work to go around


you're just simply biting into the big guy's pie



good, bad??? realistic? unrealistic???


hmmm, i've revisited this thought several times driving home at night or something.

Both of my large competitors are doing very very poorly right now ... they're the least of my worries.




Let me also add ... if you are going to control a certain amount of share in the market ... make sure that it is a portion that you actually can handle. I've learned that having more volume than you can handle can actually result in losing money, let alone not being profitable, but flat out losing it.

I think that was this year's big lesson for me. Seems each year I get one - that was it. Gotta be set up and properly staffed for the volume that you set out to handle
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Old 10-12-2008, 01:21 AM   #25
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Re: Increasing Your Market Share ... Good Or Bad Idea - You Decide


Dirt how are you doing? You still building pools? Build anything interesting this year?
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Old 10-12-2008, 01:37 AM   #26
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Re: Increasing Your Market Share ... Good Or Bad Idea - You Decide


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Dirt how are you doing? You still building pools? Build anything interesting this year?
Yeah, I'm still kickin ... as always, interesting to say the least.


honestly, things have been alright, not settin the world on fire by any means --- had a couple really big f**k ups that kicked my butt pretty hard. Been trying to grow at the same time --- and just didn't do a couple things right like I should've. As usual though, I gotta be all pessimistic.


Obvioiusly, the stock market and bailout hasn't helped.... pretty much my whole "backlog" got put on hold. Everyone's sincerely just worried, and I think the dust will settle and they'll continue with their projects.



I made a commmittment to myself about 6 months ago to stop letting some of this sh*t keep me up at night.... so I'm holding to that.
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Old 10-14-2008, 08:34 AM   #27
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Re: Increasing Your Market Share ... Good Or Bad Idea - You Decide


I appreciate the fact that you think outside the box. I am envious that you learned a lesson this year! My lesson is looming, I fear. I hope its painless.
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