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ITERAQ

02 · Research customers and competitors · ITERAQ

In this guide

02 · Research customers and competitors

Create an evidence-based customer profile and comparison chart.

Put it into practice

  1. Choose the market and customer segment
  2. Compare prices, alternatives and buying criteria
  3. Record sources and separate facts from assumptions

Further reading: Oxford EnSpire · Girişimcilik kaynakları ↗

Compare evidence rather than impressions

Choose five competitors serving the same customer problem. Record their published offer, price basis, delivery promise and exclusions with a source date. Interview customers about their last purchase rather than asking whether they like your idea.

Your worksheet

Competitor; customer; offer; price basis; source/date; observed gap; confidence.

Check your work

Do not invent revenue, market share or customer numbers. An absent website feature is not proof that a competitor cannot provide it.

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