Top Tools for Reliable Business Information : Under30CEO Top Tools for Reliable Business Information : Under30CEO
arrow
Join the Under30CEO Community We deliver tips, tools and inspiration for your business. Daily to your inbox.

Top Tools for Reliable Business Information

| October 11, 2012 | 1 Comment

For those who already have an established bustling business, or are perhaps looking to take that great idea to the next level, it’s always good to get the edge on your competitors. However, finding comprehensive and reliable information on your opposition can be a challenging affair.

Your first port of call should be to browse companies house web check via Duedil. These invaluable services offer a complete overview of your adversary’s inner workings including financial history, contact information, full corporate structures, director timelines, litigations and much more.

The information gained from these checks can help you identify gaps in the market and key areas to focus on environmentally and structurally to maximise the efficiency of your business model. It would be detrimental to move into a specific location that is already dominated by a competitor that you can’t compete with due to a lack of research about a rival’s proximity beforehand.

A strong online presence is a necessity for all businesses and utilising online services that monitor traffic and keyword trends will allow you to identify who your target market is, where their traffic is coming from, and what steps you need to take to increase your online presence and search engine optimisation.

Furthermore, find out what keywords and phrases are drawing big traffic to your larger competitors websites and incorporate them into your own design to guarantee that your business always comes up trumps when a potential customer is enquiring about a service you provide.

While it’s always useful to find out what your opponents excel at, it’s also advisable to find out what areas they are failing in. There are several services available online that offer an insight into complaints made against a business that are broken down into different categories, such as problems with products, sales issues, and guarantee problems.

If a competing company has had numerous grievances filed with them in a specific area, use this information to ensure that your service offers the absolute paramount of quality in that department. The Internet has made it incredibly easy for customers to give instant feedback, positive and negative, and this information is priceless.

For anyone planning to set up a new business, the wide array of tools at your disposal, the majority of which can be accessed for free, should be used to determine whether or not your idea is both feasible and profitable before investing any capital. Existing business owners should be using these to cultivate your company to crush your competitors.

Article sponsored by Duedil

Opt In Image
Awesome People + Awesome Places
Travel around the world while making new friends

Under30Experiences curates awesome experiences around the world for young travelers.

Tags:

Category: Startup Advice

  • Willem E. Kruize

    I am an investor from the Netherlands based in the UK. I am willing to
    invest privately owned funds in your business project as equity or loan
    financing. If you are interested and really seeking for an investor and
    or lender with ready funds to invest, contact me with your business plan
    in order for us to commence negotiations on the conditions and terms of
    the investment.
    Regards,
    Willem E. Kruize