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Post by rubina9898 on Jan 7, 2024 23:01:36 GMT -5
Study your competition well Studying the competition their products and services their value propositions successful initiatives and others that failed is essential to discovering your differentiator in the market. This way it will be easier to identify weaknesses and threats that you can use to your advantage to do better and therefore distinguish yourself in the market. Use a simple marketing strategy identifying the strengths weaknesses threats or opportunities of your business product service in relation Phone Number List to your customer's desires and what the competition offers. You can use a table similar to the one shown. Swot Analysis Swot Analysis Related to the business product or service. Strengths Ex. If you don't like a piece you can return it for free. Long return period. Free shipping. Weaknesses Ex. Returns always require some effort on the part of the customer. Market related Opportunities Ex. Greater consumer interest in purchasing online. Threats Ex. Huge competition in the fashion world Find ways to resolve weaknesses or combat threats. If returns require effort and are a weakness give the customer everything ready to return.
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