Stealth • 1m
How can one identify their Direct and Indirect Competitors? Note: Please avoid generic answers like 'conduct market research.' Answer detailed, specific methods. Which can be helpful for everyone.
Finding out direct competitors can be done by examining their percentage of revenue to the total industry revenue and the market share they hold. Sometimes they are also diversified in supply chain which creates a limitation to new organisation entry.
No need to identify bro when you try to get into market they direct or indirectly face you
Product name Industry name ?
Calculate Degree of threat. Don't think in terms of direct competition or indirect competition. We can calculate Degree of threat by analyzing the adaptability matrix of the competitor company.
Browse platforms like Product Hunt to see new and emerging products in your industry. This can help you spot indirect competitors who might be offering alternative solutions to the same problem. Or the best would be to spy on competitors' ads using tools like AdEspresso or SpyFu. This will show you who’s competing for the same audience with similar products or services. It’s a great way to identify both direct and indirect competitors.
Conduct a SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) on your known competitors. This helps you understand their positioning and uncover indirect competitors you might have overlooked.
For tech products, use tools like Sensor Tower or App Annie to analyze app store rankings and reviews. This can help identify competitors in the digital space, including indirect ones you might not have considered.
Create a competitive landscape map. Plot out all known competitors, direct and indirect, and categorize them based on their product offerings and target markets. This visual can help you spot gaps and overlaps.
Best way would be to use something like pitch book or crunchbase. They do good mapping. Traxcn in India.
Deutsche Bank • 1m
I think start from the base- google your product ,find similar products on amazon, read the reviews
Edtech startup Bluelearn shuts operations, to return 70% of capital ....
A student's guide to startups ....
OpenAI announces SearchGPT, its AI-powered search engine ....
Budget 2024: Key takeaways for startup ecosystem ....
Great news for startups as India moves to abolish angel tax ....
Wiz walks away from Google’s $23B acquisition offer: Read the CEO’s note t ....
WazirX announces $23 mn bounty to recover $234 mn lost in cyber breach ....
Byju's founder Raveendran faces reckoning as startup implodes ....
Exclusive: Emami set to acquire 100% stake in The Man Company ....
Amazon in deal talks with Swiggy for quick commerce business Instamart: so ....
Download the medial app to read full posts, comements and news.