Compare your benefits with your competitors' offerings

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Knowing the obstacles allows you to prepare and minimize risks, as well as assess how difficult it will be to enter a niche.
Actions:
Find out the legal requirements to launch.
Evaluate investments in equipment, marketing and logistics.
Consider the level of competition and customer loyalty to existing brands.
Consider alternative routes: partnerships, equipment rentals, or franchising.
High barriers to entry can be an advantage because they reduce the number of new players.
Additionally: Prepare a strategy for working with key partners to quickly establish processes.
niche analysis
Step 6: Create a Unique Selling Proposition (USP)
How to do this?
USP is the foundation of your success bulk sms jordan distinguishing you from your competitors. It should be clear to the client and quickly convey the benefits.
Actions:
Identify key customer pain points.

Test your USP through A/B testing.
Update your USP regularly depending on changes in the market.
Example: Fast delivery within 24 hours sets you apart from competitors with long waiting times.
The USP should be brief, clear and customer benefit oriented.
niche analysis
Step 7: Test your hypotheses in practice
Why is this necessary?