Competition advise?

[japancool]

Actually, you quoted another poster earlier who said to raise prices.

Haven't seen you offer anything better.

 

[menetworkjadaltd]

It was the same post

 

[japancool]

It was the same post

And you still haven't offered an alternative strategy.

 

[menetworkjadaltd]

Like I said, we are just assuming until the OP gets back to us.

 

[japancool]

You don't have to make assumptions to make suggestions about what he can do.

 

[mcmm]

Do NOT get into a price war up or down. Get into a branding, quality, impression, customer service, customer engagement, unique products war and make your business shine above the other one.


If you start on a price war you will both end up selling cheap tat and both lose money.


You should also not rely on this one location, you need to diversify your market areas online and geographically.


Kind Regards

 

[Mr D]

The items won't be any more tat than they were at the price the OP was selling at previously.

 

[Andrea Blake]

Spend some money on making you look a lot better.

Smarten up. Uniform. Friendly smile. Handshakes. Do whatever you can to make your space look more appealing and professional. Spend money on it. Get a logo, what ever it takes.

Then put your prices up.

The worst thing to do is lower your prices.

This is the best answer in your situation as you both have the same products so by paying attention to the accessories will help you. Best of Luck

 

[Nochexman]

My sales have been cut in half and i've found out he takes in as much as I do.

Originally I was taking in £400-£1200 a month and now each month is £100-£200
I know he pays £400 a month rent for his space and I only pay £45, an I know sept-Mar are very bad months.

What options do I have?

flashgordon12345 - what have you done about it since your original post?