CALVINDOL
VIP Contributor
Business competitors are those individuals who establishes, manages, and operates similar businesses to yours, and it is totally important for you to keep an eye on them, thereby monitoring their steps so as for them not to outsmart you in any way. In other for you to keep an eye on your competitors, you must first have in mind where exactly there are positioned. However, the monitoring aspects must be done without their consent. Below are some of the possible ways an individual business can monitor his or her competitors effectively:
* Research about their most released products: if the products presently released by your competitors are getting a whole lot of interest from members of the public, it can totally make a whole lot of sense if you do a research about the product in order to know what exactly draws of catches the interest of members of the public. Sometimes it could be as a result of the way the product was packaged, the product was priced, the quality or quantity of the products etc. However imitating their footsteps can make you an the public interests as well.
* Read their blogs and newsletters: if your competitors have blogs and newsletters, that is definitely one of the ways to keep an eye on their next move or what exactly they intend doing as short-term goals or long-term goals. This is also another Media to learn from their footsteps and earn the public interest as well.
* Figure out their marketing strategies: possibly your competitors and not only using One strategy to get their products and services marketed, they could possibly be involving the use of the internet or the use of social media platforms to promote and to advertise their products to individuals not only around the neighborhood but also in other regions and countries of the world. However figuring out their marketing strategies and ways in which they use to earn the interest and loyalty of customers and clients can help you be more like them.
* Research about their most released products: if the products presently released by your competitors are getting a whole lot of interest from members of the public, it can totally make a whole lot of sense if you do a research about the product in order to know what exactly draws of catches the interest of members of the public. Sometimes it could be as a result of the way the product was packaged, the product was priced, the quality or quantity of the products etc. However imitating their footsteps can make you an the public interests as well.
* Read their blogs and newsletters: if your competitors have blogs and newsletters, that is definitely one of the ways to keep an eye on their next move or what exactly they intend doing as short-term goals or long-term goals. This is also another Media to learn from their footsteps and earn the public interest as well.
* Figure out their marketing strategies: possibly your competitors and not only using One strategy to get their products and services marketed, they could possibly be involving the use of the internet or the use of social media platforms to promote and to advertise their products to individuals not only around the neighborhood but also in other regions and countries of the world. However figuring out their marketing strategies and ways in which they use to earn the interest and loyalty of customers and clients can help you be more like them.
