Quite a bit of market research has to be done before you can effectively start any business. You need to learn everything you can about your chosen niche. You have to study the purchasing habits of the customers who buy the sort of products you are selling. You should also find out what products your competitors in this niche are offering. As a matter of fact, if you want your online business to succeed, you will always have more research to do. Keeping an eye on your competition is essential, even after your business is all in place. In order to be able to give your customers better value than your competitors, you must keep tabs on them.
Twitter has the image that it’s just a way to get in contact with others. And that is what it’s for, as long as you adhere to their length requirement with your tweets. But Twitter also lets you know what’s hot at the moment in your niche so it’s very useful. This will allow you to learn what they want. You will also know what they’re not looking for. You will see who they hold in high esteem and which ones they dislike, and why this is so. You can also become a follower of those competing with you, as this will give you great insight as to their approach as well as what they’re offering. It’s a good way to entertain yourself while working.
SpyFu is for those who love to spy but don’t like the actual act of spying.
SpyFu looks into the substance of the company you want to track and reports back to you. All the program needs to do its thing is the name of the company or person, or the company address. If your competition is utilizing particular keywords or advertising words, you’ll instantly find that, too. If your competitors are using certain keywords or phrases, you’ll be able to tell where they rank for them. This is perfect if you want the SEO edge.
You may view Wikipedia as something you’d want to use for researching things. Wikipedia is perfect for young people who are late turning in some homework. You may even find yourself with a Wikipedia page if you get popular enough. Therefore, Wikipedia could be used to locate those people who are up against you. You can also use Wikipedia to find out more information on your niche. Wikipedia is edited all the time by people so it’s no telling if the information you find is credible or not. Just be cautious. You can find out more about your competitors in so many ways. You can look for them in the search engines. You can also keep an eye on them by linking to their feeds. Of course if you try to do it all yourself you will probably miss some things. This is why many people find software programs that will ensure they get every detail. There are so many ways to keep an eye on your competitors. Just as long as you always track what they’re doing. How else can you stay ahead of them?