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Marketing Your Consulting Services.pdf - epiheirimatikotita.gr

Marketing Your Consulting Services.pdf - epiheirimatikotita.gr

Marketing Your Consulting Services.pdf - epiheirimatikotita.gr

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Where to Get the Scoop<br />

Where can you find information about your competitors? First check out their<br />

own advertising. The junk mail that appears in your mailbox is valuable. It’s a marketing<br />

research gift. Also check out the journals from industries they serve. You<br />

may find ads or articles written by them. Check the Internet, of course, and also<br />

make friends of your local librarians. They can direct you to resources you may<br />

not have known existed.<br />

When you attend conferences, listen to your competitors’ speeches. If they participate<br />

in a trade show, visit their booth and talk to their sales reps. Check the<br />

newspapers for press releases and news stories. Can you obtain additional information<br />

from former employees, customers, suppliers, other competitors, or your<br />

employees? Each of these has very different levels of reliability and you need to<br />

consider that fact. Remember that every bit of information will help.<br />

Luick tip . . .<br />

Know your competition. Read the direct mail pieces from your<br />

competition. Visit their booths at trade shows. Attend their presentations<br />

at conferences. Read their ads and articles in your trade journal.<br />

Assessing Beyond <strong>Your</strong> Immediate Competitors<br />

Okay, so you’ve dug up all the dirt on your competitors that you can, but you know<br />

there must be some data about consulting in general that is available to include in<br />

your assessment. Where can you find it?<br />

<strong>Your</strong> market analysis will be more beneficial if you can quote general statistics<br />

about consulting, your consulting specialty, or the industry you have chosen. This<br />

will help you determine how distinctive or similar you are compared with other<br />

consulting firms. You may find some of this data in industry journals or on the Internet.<br />

Training magazine and the American Society for Training and Development<br />

conduct research each year that might provide data for some of you. Kennedy Publishing<br />

is another good source for data about consulting firms.<br />

External Assessment: How Do <strong>Your</strong> Competitors and Clients Stack Up? 41

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