Know your Market – Questions to Ask Yourself

Information about your industry is important to start and grow your business. Researching your market can save you time developing a service that nobody may actually want. Here are some important questions to ask yourself as you begin to look at your market:

  • How many local competitors do you have? How are they doing? – look at prices, their websites, their strategies etc.
  • How can you demonstrate your credibility? How do your competitors do this? Do they offer free consultations? Post their reviews?
  • Are there any potential customers that you can interview?

Knowledge is power. The more you know about your potential market and competitors, the better!

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