An important role We should know how many partners we have. How much quality does each of them have? What is the price of each owner? If there are many business partners We also have the power to negotiate in the purchase of products. Because we have more choices. But if our business partners are few It is only necessary to purchase products from this partner. It may be the reason that those trading partners have the opportunity to increase the price. which will affect our profits Bargaining power of buyers Let’s come back to look at the side of the people who buy our products, how many are there.
We have Know how that
How many orders are there each day, each Turkey Phone Number List month, each year? How much money or effort will we have to spend in order to attract customers from competitors? If we have quite a few real customers on hand. Customers have the right to negotiate prices or ask for special offers with us. But if we have more customers on hand, we have more control over this area. The threat of other substitute products Sometimes other substitutes are available in the market. For example, our company does Marketing Automation Software, but installing the whole system is quite expensive.
Competitors do not have
Customers may look for cheaper alternatives B2C Fax on the market that offer similar functionality. Or even do it yourself in the company by a team of only a few people. Including outsourcing may be more appropriate. Threats from new competitors How much are we immune from new competitors in the market? The technology we have is good enough to beat the competition or not. If competitors can access technology like us So how do we have different points or strengths to create competitive advantage.
