Archive for November, 2008

Know Your Competitors

Sunday, November 2nd, 2008

Knowing your competitors and how they run their business can be a huge advantage. If you understand your competitors such as how they do business and what products they sell, it will become very easy to produce better products, come up with things they never thought of and overall build a better business. Not being the first business in your niche allows you to see places for improvement in their business and then apply them to yours. If you use their website like you are a customer this will help you accomplish this.

You should also purchase products from all of your competitors and purchase all newly released products from them. This will show you their sales process and get you on their mailing list to see how they promote their business with email marketing. Never use your business name or personal name when purchasing because they may recognize your name as their competitor. Use a family members name, an employees name or another business name. You should create an email address specifically for competitor use. This will help keep all of your competitor’s information organized and keep you on their list as a customer. All of this information allows you to provide your customers with a better website, better customer service and better products. Knowing your competitors is a must if you want to separate your business from the rest.