In the online business ecosystem
Posted: Sun Jan 19, 2025 4:02 am
On the other hand, the emerging competition can be used as an advantage for competing parties to collaborate and establish cooperation. For example, competition involves 3 parties operating in the same location. All three parties require a large number of customers to enter the place. What they can do is everyone allocates a budget for marketing and advertising purposes, so that people, including those from outside the area, come to the place. Whereas before, only one person spent a marketing budget to bring in tourists, this time three parties joined forces, contributing time, expertise and capital to bring in customers .
, we can also see examples where competing companies or businesses use a armenia phone number resource collaborative approach to gain mutual benefits. One business that came to mind was Bookcafe . This bookcafe has an e-commerce website that sells various book titles from PTS Publication and several other book publishing companies. Does everyone buy books on the Bookcafe website? Of course the answer is no. Book enthusiasts can still buy books from other websites, including Shopee , Lazada, PG Mall, etc. Indirectly, the marketplace platform I mentioned is a competitor to Bookcafe. What is Bookcafe doing to face this challenge? They still sell books through their own platform or website.
At the same time, they also opened a “branch” on their competitor’s marketplace platform . This is an interesting form of collaboration for us to note. (6) Compromise and negotiate with competitors This competition can sometimes be detrimental to the parties involved. Therefore, one approach that can be taken is to compromise and negotiate to identify a method that can benefit all parties . For example, i. All parties agree to offer the same price if each sells the same product . ii. If stock runs out, everyone can take stock from a competitor's business .
, we can also see examples where competing companies or businesses use a armenia phone number resource collaborative approach to gain mutual benefits. One business that came to mind was Bookcafe . This bookcafe has an e-commerce website that sells various book titles from PTS Publication and several other book publishing companies. Does everyone buy books on the Bookcafe website? Of course the answer is no. Book enthusiasts can still buy books from other websites, including Shopee , Lazada, PG Mall, etc. Indirectly, the marketplace platform I mentioned is a competitor to Bookcafe. What is Bookcafe doing to face this challenge? They still sell books through their own platform or website.
At the same time, they also opened a “branch” on their competitor’s marketplace platform . This is an interesting form of collaboration for us to note. (6) Compromise and negotiate with competitors This competition can sometimes be detrimental to the parties involved. Therefore, one approach that can be taken is to compromise and negotiate to identify a method that can benefit all parties . For example, i. All parties agree to offer the same price if each sells the same product . ii. If stock runs out, everyone can take stock from a competitor's business .