Know your competitors

1. If I decided to make my own business, I would research my competitors by reading any articles I could find on them, business profiles are abundant. I would also buy their product or use their service, in order to get the experience of using it and know what I'm up against. Finally, I'd conduct surveys in order to know the market share.
2. You could look out for competitors by analysing the trends going on in your area.When a cost of a particular good is low, then it's possible people might want to get into business using that good. As well, if something becomes trendy, then people will want to provide those services.

3. Trade fairs are businesses who trade goods and services between each other, with no cash exchanged
4 1. Features
2. Providers
3. Battery Life
4. App Stores
5. Demographics
5. 1. Type of customers
2. Price
3. Advertising

1. Read this article and answer the questions below in a blog post titled ‘Know your competitors’.

a.     If you were going into business for yourself, describe 3 ways you would personally research your competitors.

b.     How could you look out for competitors that are not already in business?

c.      What do you think trade fairs are?

d.     List the top 5 things you think a tech business such as RIM (Blackberry) would need to know about their competitors.

e.     Describe 3 things you can learn about your competitors to make your business better.