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Anonymous

Hey I am on Medial • 9m

3. Analyze Your Competition To be successful, you can't afford to ignore your competitors. Take the time to study and learn from them. Larger companies devote significant resources to obtaining this sort of competitive intelligence. How you go about analyzing the competition can depend on the nature of your business. If you're a restaurant or store owner, you may simply be able to dine or shop at a competitor's place of business, ask customers what they like or don't like about it, and gain information that way. If you're in a field with more limited access to your competitors' inner workings, such as manufacturing, try to keep up with the news in relevant trade publications, speak with any customers you share in common, and obtain and scrutinize whatever financial information a competitor makes publicly available.

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Startup Blueprint - Day 01 Choosing a right business model: 1.Who will be your customer base ? 2. What's the Domain of your business ? 3. How your business stands out from the competitors ? (Standing out from your competitors will increase your c

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What is your unique value proposition compared to your competitors?

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1.INTELLECTUAL PROPERTY (IP) - Legal rights over creations such as patents and trademarks. 2.NETWORKING - Building connections to grow your business opportunities. 3.PAIN POINT - A specific problem faced by potential customers that your product sol

Anonymous

Hey I am on Medial • 1y

Learn to listen. Your customers, employees and even competitors have a lot to offer When you actively listen to your customers , you understand their needs and expectations , which allows you to improve your product or service. Employees, being invo

Syed Sadiq S

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I would like to share my idea about the online services that our team can provide for individuals who are unable to travel to have their government documents corrected due to their busy lifestyles. We offer these services through various social media

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Aaryan Agrawal

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*USP (Unique Selling Proposition)* refers to the distinctive feature or benefit that sets your product or service apart from competitors. This is essentially the reason why customers should choose your product over others, highlighting its uniqueness

Umesh Y

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Unfortunately, in the real world, no business exists in a vacuum. Even if you corner the market with your groundbreaking innovation, imitators will be close behind. But merely having competitors doesn’t make a thing awful. By finding your unique adv

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Shuvodip Ray
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The best tools to analyze your business competitors' performance include: 1. Similarweb: An all-in-one competitive analysis software that provides actionable market research. It offers a comprehensive view of your competitors' online presence and pe

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