Are you torn between trying a tried-and-true method vs. an innovative business approach? Whether you are introducing a new product or service from one market to another, or wishing to fulfill a market need, MNI can help you identify business opportunities that can turn a profit.
- MNI actively finds opportunities that can increase your revenue or decrease costs.
- Did you know that a simple change to your website could increase your conversion rate by 50%?
- If you aren’t already using motion-enhanced advertising, you should be. Let us show you how to get more customers to click on your ads.
- Time and again we help customers slash website maintenance cost with a CMS and the right kind of hosting.
- We help you do whatever you do better.
Identifying Opportunities
We aren’t afraid to take inspiration from the competition. Many sources of ideas come from existing businesses or franchises. We’re on the lookout for products and services that are being consumed in one market, so that you can offer it in your market as well. We tell you what your direct competitors are doing for customers. Our consulting group helps you understand what need is not met at the moment, and research what it takes to become a player in the industry.
Here’s what you can do…
Keep and open ear and an open mind. If you are an existing business, listen to your employees. Those running the day-to-day operations may pay attention to the needs of clients they deal with on a daily basis. When taking in the opinions of customers and employees alike, determine if the market, product and service to be added would be viable.
Do your homework. Determine how many buyers are in the field and what are the substitute products being offered out there. What are the barriers for looking into this opportunity? Learning about these things will help you determine if this business opportunity will be the right one to pursue.
Also take into consideration any regulations that may affect your industry. Find out which rules and regulations you would be subject to. If your product deals with chemicals, foods, or any other controlled substance, contact the appropriate government agencies before starting your business.
As you can see, identifying unexpected opportunities can rob valuable time from your business. let MNI save you time and money by putting our experience to work for you.
