4 ways to identify more business opportunities

 

4 ways to identify more business opportunities
4 ways to identify more business opportunities.

4 ways to identify more business opportunities.




1. See industry trends and insights


Subscribe to art publications, join relevant associations, set Google alerts for key industry terms and news, and follow other industry experts on social media.


Immerse yourself in your art and constantly educate yourself about the latest strategies and trends.


2. Listen to your customers

When you talk to your customers, listen to what they have to say about your industry, products and services. What are their frequently asked questions? Experience? Frustration? Feedback and complaints?


This valuable customer information will help you identify key business opportunities to expand and develop your existing products and services.


3. Look at your competitors

Do a little competitive analysis to see what other startups are doing and more importantly, what they aren't doing (though don't let that lead to competitive paralysis)? Where are they falling? What are they doing right? What causes customers to go to you?


Analyzing your competitors will help you expand your market reach and identify key business opportunities to develop your products and services.


4. Your potential purchasers and past leads


Listen to their needs, wants, challenges and frustrations with your industry when you are targeting potential customers. They used similar product and services before?Do they like and dislike? Why did they come to you? Do they object to your product or service?




This will help you find opportunities to develop more relevant products and services, improve your target market and identify and overcome common objections.

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