Describe the product offering and business development direction
Posted: Sat Feb 01, 2025 8:03 am
Now, to reduce future risks, it is important to understand whether your target industry/niche is thriving or declining, what its current size is, and how fast it is changing.
You can use Market Explorer again - just filter the historical data for market traffic.
market traffic
Analyze industry trends
There are very volatile sectors, such as hospitality, where seasons have a strong impact on demand.
If the same thing is happening in your niche, you might want to know how these industry dynamics will impact your business.
Choose your domain or that of a big rival and check how its oman telegram number database traffic trend aligns with the general market trend.
If the lines you see are parallel, then the company is following the trend.
This is not necessarily good or bad. It is simply a fact that you should take into account in your further research.
total traffic trends
To create an effective business plan, collect more data about the main products/services they offer, the business models they use, and the stage of development of the company.
To do this, analyze primary sources, such as official websites and social media profiles of companies, as well as authoritative industry reports and statistics.
You can use Market Explorer again - just filter the historical data for market traffic.
market traffic
Analyze industry trends
There are very volatile sectors, such as hospitality, where seasons have a strong impact on demand.
If the same thing is happening in your niche, you might want to know how these industry dynamics will impact your business.
Choose your domain or that of a big rival and check how its oman telegram number database traffic trend aligns with the general market trend.
If the lines you see are parallel, then the company is following the trend.
This is not necessarily good or bad. It is simply a fact that you should take into account in your further research.
total traffic trends
To create an effective business plan, collect more data about the main products/services they offer, the business models they use, and the stage of development of the company.
To do this, analyze primary sources, such as official websites and social media profiles of companies, as well as authoritative industry reports and statistics.