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Business strategy
How to enter a new market/industry and establish yourself.
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[QUOTE="Shaf, post: 283648, member: 25467"] It might help you to get tips from your competition whether directly or covertly. Some will help you get established, after all, the more the merrier, but a lot would be very skeptical about doing that. You can use this information to help you start off especially if you are very new to the niche. You can also focus on the weak points that the competition have and solve it for the consumers. Businesses that have been established for long tend to become complacent after a while. If you provide good quality service where they lag, you will make a name for yourself fast. It also helps to niche down as much as possible to avoid intense competition. Just like with other niches, when you specialize in solving a more specific problem, it makes your product or service more relevant to a particular group who would be more inclined to pay higher fees for their problems. For example, you can target owners of cats only instead of all pet owners. [/QUOTE]
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