TikTok – Small Business Advice You Can Use Best of February 2023

This month our most popular videos looked at:

  • Why you need to embrace a blue ocean strategy
  • The risk of moving from small to large-scale soultions
  • You don’t own your social media
  • Four kinds of entrepreneurs & why it matters
  • Understanding your audience – Affluence vs. middle class
  • There are two types of people

Businesses that compete in a contested market operate in a red ocean and compete on price. When you differentiate part of your solution from competitors, you operate in an uncontested or blue ocean and compete on value.

Moving from being a small-scale solution provider and going large-scale is not just more of the same. It often involves greater logistics problems and can affect quality.

Imagine that you have one million followers, and one day you are banned from the social media platform. It happens and can be devastating. However, there is a better solution.

There are 4 types of entrepreneurs, each requiring different advice to succeed. Following the advice for the wrong type can lead to catastrophic results. Learn which type of entrepreneur you are.

How you approach marketing depends on if your customers are affluent or middle class. Here is what you need to know about each cohort. 

To get a prospect to commit to your offer, tell them there are two types of people, one they want to be associated with and includes your offer, and the other they would never want to be associated with.

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