tags: [Business/MarketResearch]
Competition
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Most startups don’t have competition when starting, but upon success they will have them.
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You may have big competitor which you are targeting a small part of their market.
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All business ideas can be copied. But a unique advantage can slow it down.
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Use your competitors:
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Determine what advantages you have over them:
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smaller team, faster decision making and changes
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Local market and rules
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Low hanging fruits: product features & availability, branding, untapped markets, etc.
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Study their business, learn from them and improve yourself.
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Business model
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Marketing strategy: find gaps and exploit them, don’t compete when it’s not worth the cost.
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Traffic sources
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SEO strategy, keywords and top ranked pages
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Advertisements
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Sentiment from social media