Rich World Wide Enews Articles

In this issue: Bullet Points of a Competitor's Analysis

Rich Enterprises, Inc provides marketing services to companies seeking new business growth. Our services help companies increase their sales pipeline with new prospects and long term customers.

Our services can include appointment setting, lead generation, and business development through cold calling telemarketing.


Key Points of Competitive Analysis

There are many categories to consider in a competitor analysis. Listed below are just a few bullet points to know about your company's competitors:

  • Products and Services
  • Sales and Profits
  • Operational Costs
  • Price Comparisons
  • Organization and Management
  • Product Distribution
  • Advertising
  • Customers
  • Customer base retention levels
  • Advertisement Effectiveness

Strengths:

  • What advantages does your organization have?
  • What do you do better than anyone else?
  • What unique resources can you draw upon that others can't?
  • What do people in your market see as your strengths?
  • What factors mean that you "get the sale"?
  • What is your organization's Unique Selling Approaches

When looking at your strengths, think about them in relation to your competitors. If all of your competitors provide high quality products, then a high quality production process is not strength in your organization's market, it is a necessity.

Weaknesses:

  • What could you improve?
  • What should you avoid?
  • What are people in your market likely to see as weaknesses?
  • What factors lose you sales?

Opportunities:

  • What good opportunities can you spot?
  • What interesting trends are you aware of?

A useful approach when looking at opportunities is to look at your strengths and ask yourself whether these open up any opportunities. Look at your weaknesses and ask yourself whether you could open up opportunities by eliminating them.


About Rich Enterprises, Inc.


Melissa Landis
Rich Enterprises, Inc.

Rich Enterprises, Inc. was founded in 1999 on the premise that businesses must not only maintain, but must always seek new revenues and opportunities in order to succeed.

Our sales team is anxious to provide information about products, pricing, and answer your questions. Rich Enterprises, Inc. is responsible for a wide range of sales outsourcing services and looks forward to creating a sales solution and program that best suits your needs.

www.richworldwide.com

888-443-5247

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