We’ll explain why, what the common pitfalls are, and how to overcome them. Why Competitor Slideshows Are Crucial to Your Publicity Contrary to what you might think, a lack of competition is not a guarantee of success, but a red flag. There is no market without competition. Let it sink in for a minute. The logic behind it is simple. If there is a demand for something, innovative people will quickly try it and make money from it. The higher the need, the higher the incentive for companies to exploit it. If they don’t, there’s probably no demand and you have a problem. Investors and executives alike know that a lack of competition means either there is no demand or you don’t understand the competition.
None of the options put you in a positive state. Show that you’re ready South Korea Phone Numbers List to compete If you want to impress, show that you know who your competition is in the market. Don’t try to downplay the competition, but describe their strengths and how you plan to counter them. Don’t pretend it’s irrelevant during the ideation or planning stages, you can deal with potential competition later. This is a common pitfall. You’re so excited about your innovation that you want it to surprise everyone and nothing else matters. It’s a bit of a love story for you, but remember that love is often blind. Being authentic about your competition shows stakeholders that you have your feet on the ground.
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This is your chance to prove that you understand the market. Market Map List of Mobile Phone Numbers Illustration A simple competitor map says more than words or numbers. How do you plan a convincing competitor slideshow? If you think data is the key, you’re on the right track. It’s hard to argue with numbers. Competitive analysis is where you present your unique selling proposition USP and demonstrate its value. But wait. You are following your passion again. Let’s switch to a colder calculation method. What insights do investors and executives want to see? What data can convince them? Give stakeholders what they want Investors and advisors want to see realistic market landscapes and in-depth research. Only prioritize the presentation of benefits and strategic advantages.