4.8 • 2.2K Ratings
🗓️ 26 February 2025
⏱️ 9 minutes
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Struggling to find your competitive edge in a crowded market? Ever wonder if standing out is just a trendy topic or really the key to long-term growth? If these questions have crossed your mind, you’re in the right place. In this episode, Omar brings you a lesson on differentiation in business, inspired by a great […]
The post MBA2591 Q&A Wednesday: Is It Really Necessary To Differentiate My Service? If So, How? appeared first on The $100 MBA.
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0:00.0 | How do you stand out in a crowded market? |
0:02.3 | Is differentiation just a buzzword, or is it the key to long-term success? |
0:07.8 | Today, we're answering Kaito's question all away from Japan. |
0:10.7 | If you're struggling to find your competitive edge in a competitive market, |
0:14.3 | you're going to want to stick around, because I'm going to break down if differentiation is even important. |
0:19.5 | Do you need to do it? |
0:20.5 | And if so, how to do it right. |
0:27.2 | Welcome back to The $100 MBA show. I'm your host, Omar Zen Home, where I bring you practical |
0:31.8 | business lessons three times a week, Monday, Wednesday, Friday to start, grow, and scale your |
0:37.0 | business. Today's episode is Q&A Wednesday where we answer a question from one of our, Friday to start, grow, and scale your business. |
0:41.0 | Today's episode is Q&A Wednesday where we answer a question from one of our subscribers, |
0:44.8 | one of our listeners, and one of our viewers, and it comes from all the way from Japan. |
0:51.8 | Kaito has a very important question. Is it truly necessary to differentiate my service? |
0:56.7 | I can use your advice if I need to do this. Dori, I got your back. |
1:00.4 | And I'm going to give you real life examples from my own experiences, for my own businesses, |
1:05.9 | and how I use differentiation to be able to stand out in a market that's quite crowded. So let's start with the importance of differentiation. |
1:10.0 | Differentiation isn't always necessary, but it's almost always helpful. |
1:15.0 | If you're entering a market that's massively underserved, I'm talking about customers are knocking down your doors to buy your products or services. |
1:23.2 | If you're in this kind of market and you're solving a real pressing problem, then differentiation |
1:28.5 | is not maybe the most important thing you need to worry about. For example, in the early days |
1:33.4 | of Uber, they really didn't differentiate because they were the only ride share company out there. |
1:38.2 | The only alternative was a taxi and it was like so much better than a taxi. So they just |
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