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In view of the controversial phenomenon of “burning money” in the current market,Wu Hao pointed out,Cash burning is necessary in specific areas and within specific time periods。The burning of money itself is created by the times,There is no right or wrong。
Burning money is not only about 188bet Online Sports Betting and Casino cultivating users’ usage habits,What’s more important is to help producers in the platform or business model generate greater profit margins。In this way,Effective “burning money” can establish an entrepreneur’s income model,And soon generate income effect,You get what you burn。
Both are burning money,Different ways,The results will be very different。Entrepreneurs are burning money,Are you inclined to follow the path of homogeneity with other competitors or are you burning money thoughtfully,The difference between these two methods may not be obvious in the short term,But after a year of layout,A logical way of burning money will show obvious advantages。
Wu Hao also pointed out,More funds need to be spent on maintaining product innovation,In response to similar companies following suit。He emphasized,Innovation is an indispensable element for entrepreneurial teams,Innovation has no end point,So dare to burn 188bet app download money and always remain innovative,Making the business develop in a new direction,It is possible to maintain core competitiveness,Extension successful。
Tuniu Travel Network Yu Dunde: Strategies are needed in competitive battles
The tourism market, which has a rigid demand like the food delivery market,Also facing huge similar competition,Yu Dunde talked about the strategic layout on the road to competition from his perspective。
First,He believes in establishing the company’s long-term goals,It is crucial to stay focused on your goals。At the same time,Entrepreneurs should keep learning with an open mind,Integrate various resources in the Internet era into your own team,This is also a magic weapon to deal with competition。He used Tuniu.com as an example,Presenting travel products through the use of video as a new form,Improve consumer experience,Achieved obvious results。
And when an innovative enterprise succeeds,The competition 188bet app brought about by many followers imitating the company's profit model cannot be underestimated。Yu Dunde describes the competition between leaders and followers,Compared to a war fought in the garden of the leader's home against the intruding followers。
On the one hand, leaders must expand their "territory",That is, regional expansion,This way even if there is smoke everywhere in the garden,The leader still has plenty of room for comfort。
On the other hand,Leaders must follow up in time on the level of homogeneous competition,And the main focus should be on differentiated competition。Otherwise, if you only insist on homogeneous competition,The companies that “fall into the trap” and follow the trend will become more and more homogeneous,To the point of losing the leader status,Become a follower。
Shifang Travel Shao Binbin: Big cakes need to be cut vertically
Shao Binbin, who takes traveling as a hobby, during a trip,Discovered that there 188bet sports betting app download are still many pain points in the tourism industry。It is these pain points that prevent his needs from being met,The "big red sea" that made him determined to jump into the tourism market。Same as Yu Dunde,He thinks the same,Can you find a differentiated market positioning from competitors,Determines the future size of the enterprise。
While cutting the big cake of the market,It is also important to grasp the balance between market verticality and market size。In the trillion-level tourism market,Shifang Travel is an overseas niche travel platform that focuses on the expert model。It is precisely because of the background of consumption upgrading,And the vacancies in niche travel markets and overseas markets,Shifang Travel meets the product needs of the niche market that pursues quality and personalization,I also successfully cut this delicious cake for myself that combines product needs and market segments。
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