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This is Step 2/12 of our series “How to Start a Business in SA Successfully?”
In this 12-step-series we discuss the 12 Core Elements of How to Start a Business in South Africa. We cover all the big questions… how do I offer something better than competitors? create the right brand? get Leads? keep control as I grow?
Last week we covered what it takes to become a successful Entrepreneur in South Africa. If you missed it, simply click here to catch-up now.
“There are a couple of tools you can use to start with market research.
Ultimately what you want to figure out is – who is my target market, where is their attention at and who is my competitors?
Those are the 3 key questions to ask when doing market research.
I like two very specific tools from Google:
Google keyword search – which is the best market research tool in the world. The second tool that’s also really good is Google trends.
These are all free tools you don’t have to pay for. You can go and use them today if you want to. Ultimately, you want to ask yourself, as I said, who is your target market, where is their attention and look at your competitors.
As you are setting up your own structure and strategy for your business, your competitor is doing the same thing and you got to study what they are doing.
Understand what their competitive packages is that they offer, what makes them unique, where they place on the brand position map, as well as what their focus point and value proposition is.
So everything you do in terms of strategy for your business, compare it to your competitors.”
Start your journey to a become a successful entrepreneur in South Africa by Signing up for our FREE Online Startup Workshop. In this workshop we’ll train you how to apply this information above and much more. Best of all – it is FREE!
If you are already a trading business and need funding or support to grow, our IMCSA Accredited Business Coaches are ready to assist. We train you how to apply this information above to your business and much more.
Dulang Qina – owner at Kaizen MasterPiece Projects (Pty) Ltd.
“The Start Up Workshop is a good platform for young entrepreneurs or upcoming entrepreneurs, it helped me understand marketing platforms and how to use them.”
Kaizen MasterPiece Projects (Pty) Ltd
Need to build a new home? Or you just want to renovate? Then Kaizen MasterPiece Projects is the company to call. They also provide services such as Plumbing, Paving, Roofing and Painting.
Contact Details:
113854 Ext 5, Thokoza, Alberton, 1426
dulangqina27@gmail.com
076 407 2222