Repute Forge - Branding & Marketing on Instagram: "Your competitors aren’t bad for you, they’re a necessity in marketing. The brands who don’t have any competition at all never succeed, it’s basically a prediction because if there’s no competition, there’s no demand. Having competitors who your customers can compare you to is actually very good for your brand’s sales. Even in a duopoly market, where there’s only one competitor to your brand, brands report a 24% increase in their sales just by ha
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Repute Forge - Branding & Marketing on Instagram: "Your competitors aren’t bad for you, they’re a necessity in marketing. The brands who don’t have any competition at all
The relationship between Coca-Cola and Pepsi is a prime example of a duopoly, where two dominant players drive demand and innovation through healthy competition. This engaging video explores the benefits of competition in the business world, highlighting how brands can thrive in a market with a strong competitor. Learn more about the dynamics ...
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