Today’s episode was recorded during the Diamond Mastermind in Bali, Indonesia, after dinner one night with Diamond member Venkat Ramineedi, who lives in Oklahoma in the US. Venkat wants to know if I am concerned about the growing competition there is in our industry.
I explain that high ticket affiliate marketing has been around a long time; just like businesses have faced competitors since the beginning of time.
I discuss how competition can be a good thing because it keeps you on your toes and forces you to be innovative in order to keep pace with the market.
I talk about the importance of knowing what your competition is doing and being able to always create new and better ways to serve your customers.
To learn how to build your own online business, you can join the MOBE Affiliate Program.
If you like this video marketing tip and want more, go to AskMattLloyd.com and subscribe, and I’ll send you a new one each day for free.