“You don’t have to be a big company to compete with one”, words from one of Michigan’s most powerful and ambitious business owners. A military veteran, a politician, and a business owner of many years, Luciano Hernandez IV once said this about his company, Tiger Studio which is a small business in Michigan, but most definitely competes with BIG companies.
One of the most intimidating things for young entrepreneurs and business owners is having to compete with large companies and corporations. Some competitors can be as big as multi-BILLION dollar corporations. This is a struggle for many small startups and small businesses. But luckily with the right resources, I know my business, Monster Graphics Studio, will soon take off. It is affiliated with West Michigan’s regional leader Tiger Studio, as quoted above, so we’ve got a good, strong vehicle behind us. Monster specializes in signage and decals, so we of course have many competitors nearly everywhere. We also offer graphic design services, t-shirt printing, banner print and design and so on. The thing is is that there are a lot of companies these days who hire in-house graphic designers now. “‘It’s bittersweet when the economy goes down because corporations often downsize. Meaning they let their in-house designers go, then they come to us which is the “sweet” in bittersweet. But the bitter part is that the economy is down.'”
Bigger companies, no matter the area of business, will have more resources, that’s just how it is. They have their own everything. But what I’ve come to discover is that the FASTER you work, the more people, such as big companies, will continue to be loyal to you. There are a lot of design and print service firms that will give you at least a two week wait before they even START your t-shirt print or vehicle decal. Monster Graphics Studio gets started the DAY an email is received from even a potential client. There’s no waiting list, it doesn’t take a month to get a t shirt or logo, it takes a couple days at most. That is exactly what any type of client wants: fast work.
People also like persistence, it’s okay to hear the word “no” a million times. That’s NORMAL. But what clients actually like is your personal loyalty and willingness to grab them and their attention. Of course, don’t spam people all day everyday, just be persistent. Give them something to remember you by. Even if it is one simple client, such as one small decal that doesn’t even require installation, the project may be worth $20 but thats $20 that YOU made because you were persistent and interested in helping someone. That $20 soon turns into $40, and then $80 and so on all because you did not give up, go you!
My business might be a start up, but I am not. I’ve been doing this for years and I often don’t get nervous or scared to compete with large companies because I’ve watched my dad do it for literally as long as I’ve been alive. Clients don’t want to know you’re scared of them, they want to see confidence. Be a leader and be passionate about your work. Showing passion shows that you don’t just care about making money, it shows you care about your client. Build relationships with these soon to be long-term and loyal clients!
But don’t stress. Good things will happen and you WILL see a difference and your company WILL grow. But not overnight. I’m currently writing a simple book called “10 Things All Small Businesses Must Have” to hand out to my clients, future/potential clients, and clients who even told me no! I believe that if for example I handed out 100 of them, I could get maybe 15 clients from that, but that’s what I need to get started! Once those 15 clients realize they’re happy with Monster Graphics Studio’s work, and they each tell just 1 person, that turns into 30, then 60, then 120! You get the point. Give them something to remember you by. As a small business, that’s a great way to start. Give them something useful so they come back to you.