According to host May Yeo Silvers, one of the main reasons that many eventrepreneurs get discouraged from entering the market is because they believe there is too much competition. While there are many people who run successful event planning businesses, May explains that the only competition you need to worry about is yourself.
In the event planning business, competition is actually a positive because it proves there is a demand for event planning services. Entering into a market with no competition would require you to be the industry pioneer; and while you would initially get all the business, May explains that competition is always inevitable. That is why there is no reason to become discouraged by the success of others. If you focus on the growth and development of your business, you will see results.
Tune into this week’s episode of The Unstoppable Eventrepreneur Podcast™ to learn how your business can thrive even in an industry full of competitors.
Quotes
• “When there’s no competition, it means there’s not enough demand.” (01:35-01:40)
• “In the events field, competition is great. There are a lot of people who require event services and that’s why there’s a lot of people who are providing event services.” (01:50-02:05)
• “You never want to go into a business where there is no competition.” (02:14-02:19)
• “You cannot compare your progress to your competition because everybody is different.” (04:50-04:57)
• “The person who can play the game the longest, provide nurturing content, and constantly be at the forefront of the potential buyer’s mind will be the one who’s going to get all the business.” (09:42-09:56)
• “The competition is you, not everybody else.” (10:01-10:04)
Links
Connect with me at: [email protected]
Website: events4anyone.com
LinkedIn: www.linkedin.com/in/mayyeosilvers
Facebook: www.facebook.com/mayyeosilvers
IG: www.instagram.com/mayyeosilvers
TikTok: https://www.tiktok.com/@mayyeosilvers
FB private group: https://www.facebook.com/groups/events4anyone
