You may be ahead of your time and there is no market for your product yet. Or your product turns out to be seasonal and therefore peaks only once or at most a few times a year. 2. Competitive research Which other players sell the same or similar products? See what is already there and what you can do with it yourself. If you’re selling the same product, see how you differentiate yourself from your competitors. Is there a different brand experience.
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Are your competitors asking a higher price and can you therefore position yourself well in the market? Revenue goals and growth plan When you’re done Russia Phone Number with all the questions about your product, branding and market research, it’s time to dive into finance. What budget are you going to work with? Have you considered that you may need to invest a lot in year one before breaking even and turning a profit later? Think of investments in.
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Website Logistical systems Stocks Marketing Personnel You add up all these costs and take them into account when setting your turnover goals and making a growth plan. It is very important that you start with this in your first year. Ask yourself what you want to achieve and make a plan based on that by dividing the big goal into small steps towards that goal. Also read: New on Facebook & Instagram: start your own webshop for free Logistics I will come back to this point in detail later in this article,