As a real estate investor, you should be begging for more competition. Here’s why:
Is more competition what many real estate agents, investment firms, and brokerages need? Should independent real estate pros and CEOs be craving more, rather than less, competition?
Many in the real estate industry wish they had a monopoly, with no competition. Some believe they already have a monopoly, when, in reality, they don’t. Others spend their nights, weekends, and much of their days plotting how to beat the competition. Many invest a lot into doing so. Sometimes they expend more energy and money than building up their own business. So why on earth would you want more competition?
Do you want to be the best? Fulfill your maximum potential? Serve others as much as possible? If so, competition can help. Competition forces you to be better at what you do.
If you don’t feel that you have a lot of competition, there may be nothing else motivating you to do better. This is one of the main reasons we’ve seen such stagnant and horrific customer service in recent years. However, whether anyone feels it or not, there is always competition in the works. This is the biggest fear of companies like Google, and Apple and Facebook. It is what keeps them up at night, keeps them striving to innovate every day, and keeps them buying up every potential threat. They love it, they thrive on it, and they know it makes them better, but they also take it seriously.
3 Ways to Force Competition & Improvement
Tips for Beating the Competition
Just because competitor can be great for keeping your edge sharp and improving the industry for everyone it touches, doesn’t mean you want it to bite you back too hard. So what are some ways to best the competition?
– See more at: http://www.cthomesllc.com/2015/09/its-time-for-real-estate-investors-to-embrace-the-competition/#sthash.RKoos7KB.dpuf