Entrepreneurship · Marketing

As an entrepreneur, what techniques/tools you use to know your competitors moves?

Marco Antonio Ordoñez Valverde Founder @Evolbit

January 18th, 2018


Pete Francomb Digital product designer, bootstrap entrepreneur

January 18th, 2018

Ignore your competitors, obsessively focus on delighting your customers.

Bill Flynn Catalyst Growth Advisors - We help startups and scaleups with People, Strategy. Execution and People

January 18th, 2018

Marco - I could not agree mote with Pete's advice. Here is a little more context. As an entrepreneur, your job is to find a problem worth solving and then solve it in a way that is unique from alternatives so you are a no-brainer choice for you target customer. I recommend that you get info from any of the following folks to get advice on this - Steve Blank, Cindy Alvarez, Justin Wilcox, Ash Maurya. They all have written books or articles and have videos that talk about how to make sure you are building something people will pay for. As Ash Maurya say, "Life is too short to build something no one wants:. The last tidbit is that if you do this, you will be unique as most, if not all, of your so-called competitors do not do this.


Good luck!


P.S. I have written a series of short blog posts you can get to from my site on how to go from idea to scale-up. Each has many resources to call on as you move forward.

Marco Antonio Ordoñez Valverde Founder @Evolbit

January 18th, 2018

That's a nice point of view, thanks for sharing that @Pete and @Bill, and I will def look for some info of the guys you recommend!

Tanay Sarkar Thoughtful,enthusiastic and competitive.

January 20th, 2018

Hi,

Very mandatory market walk is must for an entrepreneur. (current market movement)

Basic tools :


Product quality.

Service offered.(Credit if applicable)

Pricing strategy.

Target market competitive edge.

Rotation rate.(product)

Genesis of competitors plan.


Thanks.


As per my knowledge and experience.

Paul Butler Helping Businesses Take Flight : CEO, Managing Partner, COO, CTO

January 23rd, 2018

Slight variation on the theme suggested by @Bill and @Pete... ask your Customers why they prefer your solution vs alternatives if you are winning the deal and why they prefer alternatives if you are losing the deal. Commit to gaining a new insight during very Customer interaction.