What Is Blue Ocean Strategy?

What is Blue Ocean Strategy? If you've been following Dan's work for some time, you know that he is a fan of not competing, but dominating your competition. He believes this is a lesson that every single entrepreneur who wants to be successful needs to know. Watch this video to discover what the Blue Ocean Strategy is.

Experience Dan Lok Live (In Person Or Virtual) And Discover The Secrets To Scaling Your Business

#SalesStrategy #BlueOcean #BusinessModel #SalesTips #Sales

This video is about What Is Blue Ocean Strategy?

[DanLok]

Have an idea that you want me to make
a video about? Want to ask me a question
about business, life, or success?


Comment below. I will consider making
a video.

[cyrusannointing]

Blue Ocean Strategy:
✔ Create uncontested market space.
✔Make the competition irrelevant
✔Differentiation and low cost
✔ Value Innovation
✔ Attract non customers
✔Create and capture a new demand.

[arielluria]

Blue Ocean Strategy is the simultaneous pursuit of differentiation and low cost to open up a new market space and create new demand.
It is about creating and capturing uncontested market space, thereby making the competition irrelevant.

[Lander]

Im a simple man, i see a Dan Lok video i instantly click on it.

[ayoubmezoury]

To set sail towards a blue ocean and create a new value curve for your company, you must answer four key questions. Authors W. Chan Kim and Renée Mauborgne call this the four actions framework:


- Eliminate: Which factors that the industry has long competed on should be eliminated?
- Reduce: Which factors should be reduced well below the industry standard?
- Raise: Which factors should be raised well above the industry’s standard?
- Create: Which factors should be created that the industry has never offered?

[kimsonpro]

Dan reduced my journey to success by 5 years. I haven't quite had a big success yet, but I am moving forward and get pass some entry levels and accelerating very very fast. Can't be done all by myself. You'll have a picture on my wall, very soon. My Great Mentor.

[miliaurora]

The Internet Revolution brought in India by Reliance Telecom Jio is a perfect example of this "Blue Ocean Strategy"....They completely disrupted the Indian telecommunication market by creating a monopoly back in 2016...before this India ranked over 120 in data consumption and now India Ranks in top 10....only within 2 years😊

[BransonTay]

That's something profound. THanks Dan.

[fendy]

Last night, the book I read mentioned 'blue ocean strategy'. And now you have recently uploaded a video about it. This is a sign that I have to learn about this.

[ResourceTalks]

*The way I try to be different is that when I talk to customers I don't get them to say "yes". I work towards getting them to a point where they don't have the chance to say "no". The only answer then is "yes".*

[tigranmeliks]

Bro you are KILLING IT! I watch every single video of yours and you make me believe in myself the way i have never believed. Thanks for the amazing content and information you are providing us with. Keep it up my man!!!

[infinite.spirituality]

Just cracked 6 figures...thank you Dan!

[AkashLankala]

Went from watching Dan once in a while to watching every video as soon as he uploads it. Keep up the vids Dan! Thank you for the knowledge.

[ASE_Avenue]

I’m mentally done with working for others I agree with the brutal truth you speak. Watching your videos showed me motivational vids are not the key for motivation.

[minhd]

The whole topic of monopoly and economics in 4 mins, niceeee!!

[davidliu]

Guys read the original (book by W. Chan Kim and Renée Mauborgne) rather than Dan Lok’s dollar store version. Dan obviously does not fully grasp the concept since the example he gave is not a blue ocean strategy. Ubers are a direct substitute for taxis, by definition competing in the same market (red ocean). Simply being disruptive does not mean you’re operating in the blue ocean. Uber disrupted taxis because of a vastly different supply chain and cost model, as well as being willing to operate at a loss. A blue ocean strategy targets a new market segment, finding new demand or customers.

[edyjaya]

May be technology one the keys of blue but internet think made and create real time to touch your soul and body like ocean, .... No Matter how deep and keep but your strategy and Risk its Key. LOVE IT

[helenaharris]

Liking these scenic directions. This was quite the creative way to introducing a profound lesson. Takeaway: So basically, don't compare yourself. Be yourself, only, and dominate. Thanks, Sifu!

[DveDveSold]

Perfect start to the new week. Go get it!

[aswedeinchina]

I wrote my bachelor thesis many years ago about how the real estate market in Sweden could implement a blue ocean strategy in their market approach. Your video probably summed up blue oceans and red oceans.