| With
some sites, Then we start or continue the process of
research to make sure we have not overlooked any additional
information that is readily available. This used to
mean spending time in the library, checking trade journal
articles, reviewing papers presented at industry meetings,
Our Practical
Solutions are based on research
Unlike other providers
we take the time to learn about your company and industry
and competitors. This process
emphasizes looking on the Internet, checking other on-line
databases, identifying key customer and prospect organizations
by SIC, identifying important competitors, and identifying
and obtaining other information that is readily available
in print or on-line.
Competitive
assessment
If you focus your production capacity around just a
few products, you can use these to develop your market
or niche. Ask yourself the following questions:
Do my products
or services meet a real customer need? Are they likely
to be easy to sell? Do they represent good value? Can
I differentiate them from the competition? How powerful
are my competitors? Do I have a unique selling proposition?
How is the market likely to change in the near future?
How easy is it to scale up production?
Fine Tune
a Niche
Pick out five of your most successful competitors and
research their products and services as thoroughly as
you can. Write a list of all your major benefits as
well as those of your competitors. Go through each benefit
and rate yourself out of 5.
Then do
the same for your competitors.
Wherever a competitor's benefit rates a high score,
commit to improving your product or service to at least
the same level as theirs.
Consider the areas
where your competitors rate a low score as their Achilles
heel and make sure that you offer something better.
This will help define your niche .Perform a SWOT analysis
A SWOT analysis involves identifying the Strengths and
Weaknesses of your product or service and the Opportunities
and Threats that may arise in the market and entering
them on a cross-shaped grid.
This should highlight
the real competitive advantages and disadvantages each
product or service may face and can guide you towards
a logical, rather than an emotional, selection of product
offerings.
At Computer eCommerce
we know how to return a profit on your technology investment.
Make one phone call or send us an email
today to receive more information on this topic. |