Tips to Stand Out in a Highly Competitive Asian Market

City Street
September 13, 2019
17 / 100

Everyone is looking for ideas to make more money. At the top of the business world stand the Asian businessmen, who just aren’t going to go away any time soon. 

If you are looking to open a business in the Asian market, here are some of the tips that will help you stand out in those highly competitive businesses.

Stand out with your customer service

Today’s standards dictate that you can’t become a successful businessman if you can’t get your customers totally in love with your customer service. Japanese people believe that the customer is their god. While this controversial statement can also mean that they are essentially worshiping money, there is some logic behind it.

The Japanese people say that treat your customer like they’re a god. This and the “the customer is always right” quote mix together to say that since the customers are the source of your bread, you should treat them better. Nothing’s good enough. Treat them in a way that you treat the person you respect the most. 

Build your personal brand

Following in another company’s footsteps is all good and all, but only until you have found the way yourself. Literally imitating another company, and how they are doing things will never help you become an independent company that stands out among the crowd. You can never stand out if you are literally trying to stand in a crowd. 

Be your own person. Do something that is very unique. Try to aim for innovations, and then hold that innovation in your palm. Use it to make the most profit you can. Embark on a journey that no one else has embarked on. Try to claim the impossible. 

Do what you know the best

The only way to stand out among a crowd of highly competitive businesses is to stick to something you know, and polish it so much to perfection, that no other company in that specific domain may even be able to touch your skills level. 

Don’t try to invest too much into something that you might think might succeed, but you will have to sacrifice the thing you’re good at, for that thing. That is a very risky move, and Asian businesses seldom recover from major setbacks. If anything, major companies lose a lot from even a small setback. 

Confidence is the key to success

Yes, some people may say that confidence is the killer of all success too, but that is only the case if you are confident enough to make a dumb move. If you think that a certain move is good for the company, and the statistics prove it, go for it. You will need a lot of confidence to take that step, and if that step succeeds, you will rise out among the crowd to become a highly important part of the busy Asian industry of businesses. 

Be fast in your delivery

If you are a company that makes products for the customers, be the fastest one in the industry. The industry will only look at the first of its kind product, and not something that comes even a day after that. 

But even if you are fast, don’t forget to not waste away your actual potential, and rush out. Make a product, but don’t delay it. Delivery is one of the most important things of all times, and a fast delivery satisfies the customer more than most things. 

Be affordable

The Asian market is not like the American or Western market. You don’t sell a product just because they’re expensive. You don’t sell because of the brand. Asian people don’t like very expensive stuff. They like the best bang for the buck scheme. 

Make a product that is the most affordable for the customer. Don’t try to add too much profit per each unit sold. Just look at what Xiaomi did. They made highly affordable high end mobile phones and made money through ads and data collection that the company had installed on their custom Android skin. 

You can see how many people buy Xiaomi phones nowadays. 

Instead of trying to make a huge profit from a single unit sold, break it down to a little profit per unit, and make an even bigger profit at the end of the sales. 

Both the customer will be happy, and you will have a better market.

Allow for the customer to choose what they want

Instead of making a product that you might think is the best for the customer, give them the opportunity to choose that. Customization is one of the things that unites a big customer base, and if you play the cards right, you can even get free feedback from the customers on your new online forums. 

Plus, with the market going in random directions every day, it can get hard to choose a single theme for your product. Let your customer decide what they want to do with the product, and you will finally be able to find a better product without having to invest a lot in Research & Development. 

Go green & follow trends

You can’t just become a success in this very competitive society if you are not following the trends. Sometimes companies find success when they are able to successfully predict the upcoming trend and roll out a product for that trend. And when the trend finally hits, they are able to reap the benefit, as well as the focus on the spotlight.

Everyone loves Mother Earth. She is a great nurturer and a great protector. But with the current industry using so much petroleum, plastic, and other substances that are harmful to the Earth, your company can get quite a bad reputation for not being a part of making Earth a much cleaner place. Try to go green, and if you properly advertise this, customers will have a hard time if they want to leave your company’s products. 

Conclusion

If you follow all of this advice, then you may finally be able to become the best of the best in the highly competitive Asian businesses industry. Don’t forget your original aim, shoot for the stars and land among them!

Categories

More Posts:

Ideas for Setting Up a Non-Profit Organization

Have you always had the desire to make a bigger impact on others, particularly on underrepresented and underserved communities? One great way to do this is to set up a successful non-profit organization.  Here are a few ideas for setting up a non-profit organization. ...

Why Your Business Should Offer HSA-Compatible Health Plans

As a business owner, you have a lot of responsibilities when it comes to taking care of your employees. If you offer good benefits, such as healthcare, you’ll be more likely to hire and maintain the best employees.  Here are a few reasons why your business should...

Why Your Office Needs High-Quality Chairs

For any business or organization, the right office furniture is vital. Quality chairs are essential and can help bolster productivity, decrease employee health issues, and remain operable longer than budget substitutes. Investing in quality office chairs provides...

How to Make Sure Your Business Event is a Positive Experience

There are few better ways to make connections while having a good time than by hosting an event for your business. Of course, the networking and trust-building benefits of such an event hinge on planning it well. When organizing a business event, it is imperative to...

Why Your Business Should Be Involved With the Local Community

Why your business should be involved with the local community

The local community is the primary customer base for most businesses unless they operate solely online. Therefore, businesses should get involved with their local community in order to forge a strong presence & distinguish themselves from their competitors. You can achieve this in several ways, primarily by sponsoring local events, such as sports competitions, charities, etc. By connecting with your local community, you can raise brand awareness, gain genuine feedback & insights about your products as well as understand your customers better. Consequently, you can address their pain points, create better products, align your values with your customers’ and thus, strengthen your relationship. Furthermore, by supporting local events, you can attract top talent and show your dedication by hiring locals, creating jobs, and giving back to the community. Naturally, you can create a positive image for your business leading to boosts in sales & revenue.

What to Do When You Plan to Take Your Company Public

Going public is a huge milestone for any company, and it requires a great deal of planning and preparation. Taking your company public can have numerous benefits such as increased liquidity, brand visibility, and access to more capital. From reviewing your finances to...

Technologies Your Business Needs for Future Growth

Companies that are serious about advancing and expanding their operations must prioritize investing in technology such as Cloud Computing, Artificial Intelligence (AI), and Customer Relationship Management (CRM) software. These essential technologies can give...

How to Use Your Network to Reach Your Professional Goals

Leveraging your professional network is invaluable for accomplishing career aspirations. Whether you're searching for a new job, creating a flourishing enterprise, or moving up in your current position, the people within your network can provide limitless support and...

What I Wish I Had Known When I Started My Business

Starting a business is hard work. There are so many things to think about and do, and it can be easy to feel overwhelmed. Trust me, I know from experience! When I started my business, there were a lot of things I wish I had known. But thankfully, I've learned a lot...

Top 5 Regrets Small Business Owners Have About Starting Their Business

If you're thinking about starting a small business, it's important to do your research and understand what you're getting into. There are a lot of different aspects to running a successful business, and it's not always easy. With that said, here are the top 5 regrets...
Ideas for Setting Up a Non-Profit Organization

Ideas for Setting Up a Non-Profit Organization

Have you always had the desire to make a bigger impact on others, particularly on underrepresented and underserved communities? One great way to do this is to set up a successful non-profit organization.  Here are a few ideas for setting up a non-profit organization. ...

Why Your Office Needs High-Quality Chairs

Why Your Office Needs High-Quality Chairs

For any business or organization, the right office furniture is vital. Quality chairs are essential and can help bolster productivity, decrease employee health issues, and remain operable longer than budget substitutes. Investing in quality office chairs provides...

Why Your Business Should Be Involved With the Local Community

Why Your Business Should Be Involved With the Local Community

Why your business should be involved with the local community

The local community is the primary customer base for most businesses unless they operate solely online. Therefore, businesses should get involved with their local community in order to forge a strong presence & distinguish themselves from their competitors. You can achieve this in several ways, primarily by sponsoring local events, such as sports competitions, charities, etc. By connecting with your local community, you can raise brand awareness, gain genuine feedback & insights about your products as well as understand your customers better. Consequently, you can address their pain points, create better products, align your values with your customers’ and thus, strengthen your relationship. Furthermore, by supporting local events, you can attract top talent and show your dedication by hiring locals, creating jobs, and giving back to the community. Naturally, you can create a positive image for your business leading to boosts in sales & revenue.

All Categories

Business Operations

Entrepreneur Interviews

Marketing, Networking, & Social Media

Self Care & Personal Development

Working Moms

Business Software and Technology

Entrepreneurship & Small Business

Organizing Tips

Sales

Career Building

Family Businesses

Inspiration

Starting Your Own Business

Work-Life Balance

Communication

Hiring Help

Management & Leadership

Time Management & Priorities

Women in Leadership

Recent Posts

Why Your Business Should Offer HSA-Compatible Health Plans

Why Your Business Should Offer HSA-Compatible Health Plans

As a business owner, you have a lot of responsibilities when it comes to taking care of your employees. If you offer good benefits, such as healthcare, you’ll be more likely to hire and maintain the best employees.  Here are a few reasons why your business should...

When it’s Time to Hire an HR Professional for Your Company

When it’s Time to Hire an HR Professional for Your Company

As your business continues to expand, it might be a wise decision to employ an HR specialist who can help you manage and optimize your workforce. An HR expert brings with them essential services that will streamline the operations of your company while keeping your...

Why Your Office Needs High-Quality Chairs

Why Your Office Needs High-Quality Chairs

For any business or organization, the right office furniture is vital. Quality chairs are essential and can help bolster productivity, decrease employee health issues, and remain operable longer than budget substitutes. Investing in quality office chairs provides...

How to Quickly Capture Attention on Social Media

How to Quickly Capture Attention on Social Media

Social media is invaluable for marketers and business owners, especially those working with small businesses. It’s a great way to get the company in front of more people, allowing you to attract more customers. Of course, it’s not enough to just get seen on social...

Tips for Starting a Gardening Business in Your Community

Tips for Starting a Gardening Business in Your Community

Embarking on a gardening business is a bewildering journey that promises both intrinsic satisfaction and monetary success. The paramount initial step is to scrutinize the varied gamut of services you would want to render, followed by an intricate search for tools and supplies to substantiate the execution of those services. Crafting a business and financial plan is an absolute must, especially given the burgeoning competition from fellow green-thumbed entrepreneurs amidst the backdrop of the COVID-19 pandemic. Establishing an online presence through a website and social media and designing business cards and flyers are integral to drumming up business. Lastly, building a loyal clientele and network is paramount for sustained success in the horticultural realm.

How to Protect Your Personal Finances From Black Swan Events

How to Protect Your Personal Finances From Black Swan Events

Life throws us an occasional curveball; it’s just a part of life. But what if your finances take a hit due to something outside of your control?  Black swan events are rare, but they occur and can cause massive financial losses. The key is to be prepared for the worst...