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Anonymous

Stealth • 7d

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.

0 replies4 likes

Recommendations from Medial

Somraj

Stealth • 5m

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

1 replies21 likes

Mr Bikash Patel

Stealth • 10d

What is your unique value proposition compared to your competitors?

1 replies4 likes

Anonymous

Stealth • 3m

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

0 replies3 likes

Mr Z
•

Medial • 1d

90% of startups fail. The #1 killer? Not competition. It's founder stubbornness. 5 signs you need to pivot : 1. You're solving a problem that doesn't exist A great product without a real need is just an expensive hobby. Validate the problem, not

12 replies42 likes

Payal Manghnani

Stealth • 5m

Ever felt like you're pouring your heart and soul into your goals, only to see little to no progress? You're not alone.

0 replies4 likes

Mehul Fanawala
•

The Clueless Company • 4m

Did you know? 70% of SaaS sales come from EXISTING customers, not new ones. So while you're chasing new leads, don't forget: 1.⁠ ⁠Deliver VALUE consistently: Happy customers become loyal customers. 2.⁠ ⁠Leverage feedback: Improve your product bas

2 replies5 likes

Umesh Y

Stealth • 6m

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

2 replies4 likes

Anonymous

Stealth • 5m

People who make 1 Lakh a month, what do you do for a living? If you're a business owner, how have you grown you're business, and how do you attract customers? Share your succes story and the lessons you've learned along the way. If you're a salarie

18 replies7 likes

Mehul Fanawala
•

The Clueless Company • 18d

Ever wondered why your customers disappear? It’s not always about the product. Many times, it's the experience surrounding it. A colleague of mine ran a simple audit on their customer service process and made one shocking discovery: Most of their

3 replies24 likes

Shuvodip Ray
•

YouTube • 6m

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

6 replies12 likes