- Thread Author
- #1
Keeping up with what's new can make or break a business. How do you stay ahead and spot trends before they become mainstream?
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How do you spot a business trend early enough to benefit from it?
- Thread starter Fire&Rain
- Start date
If it is offline business, you have to follow up channels that are involved in your business. Sometimes, you can go to market to check out the price and know what is trending. In offline business, it is very important that you keep in touch with the market and price movement.
You must be visible online in order to access new opportunities that can promote your business space. Bear in mind that it is one thing for you to access it, it is another thing for you to benefit from it so in order to benefit you must be willing implement practical measures even in your offline space. You must be ready to source for current information and to put it to good use.
Assess the size and growth rate of potential markets. Consider factors like market share, unit prices, and brand positioning.