TMCnet Feature
April 29, 2020

An Entrepreneur's Guide to Becoming a Market Leader

No one in business starts their enterprise with the view of simply ‘getting by.’ Instead, entrepreneurs are alike in their desire to do something incredible and make their product the next best unmissable thing. Success, unfortunately, does not happen overnight. It requires dedication, hours spent in the development phase, and sometimes just good luck. It takes time to build a winning reputation, and in the current climate, it’s more crucial than ever before to make your name known for all the right reasons. For those wishing to become a leader in their particular industry and niche, the below guide will walk you through a few of the points you need to bear in mind on your journey.

Offer Something Extraordinary

It may be an obvious point, but it’s one to repeat again and again. If your product or service is the same as the others on the shelf, you won’t stand out. Of course, reinventing the wheel is nearly impossible in the modern era, but that doesn’t mean you can’t reimagine a current product into something extraordinary. What can you create which elevates another product or service to a new level? It’s how the most memorable products began, thinking of what is offered and what can be done to improve it.   

Additionally, think about your niche and industry. The smaller the target market, the easier it will be overall to take the top spot and lead it.

Explore Amazon as a Selling Avenue

In the modern era, it’s not enough to place your product on the shop shelves and hope for the best. Nor is it just enough to have a website for your business. Your website might have been a winning formula, but now it’s time to increase your brand’s online presence and reach – by creating an Amazon storefront and marketing it well. In 2020, 69% of Americans shopped online, and a staggering 47% bought their first product on Amazon. If you aren’t featuring highly on Amazon, you are missing your chance of becoming a leader in your market. It’s not as simple as putting the product on Amazon, however. You also need to establish the best practices that increase the value of your brand, as you would on your website, and use Amazon Advertising in a smart way through a detailed marketing campaign. You can turn to Nuanced Media an Amazon Agency for help on these occasions, though.

Think About Your Personal Brand, Not Just Your Business

When you are a small business, your name can become synonymous with your brand. It’s for this reason why you need to ensure your personal brand reflects what your company stands for, especially online. There is a wealth of entrepreneurs who have made a name for their business, simply by being themselves. These people are instantly recognizable as the owner of Amazon, for example, or the owner of Virgin Atlantic. Therefore, taking the time to create a personal brand that takes into account the ethos and mantra your business holds. If your business sells baby products, let the consumers know if you have used the products on your own baby.    

Author:  Ryan Flannagan

Ryan Flannagan is the Founder & CEO of Nuanced Media, an international e-commerce marketing agency. Nuanced has sold $250,000,000+ online and Ryan has built a client base representing a total revenue of over 1.5 billion dollars. Ryan is a published author who has contributed to numerous publications. To connect with Ryan, check out @Ryanflannagan on Twitter (News - Alert) via Linkedin.

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