If you want to be successful in your company, you need to improve your industry knowledge.
To do so, you need to understand your audience. It’s all about learning their goals, aspirations, and pain points. Knowing these trends is sure to give you a competitive advantage in the business.
Here are some tips on how to broaden your industry knowledge:
Study Your Business Network
As mentioned, you need to understand your clientele — those most likely to engage with your organization. Doing so will help improve your insider knowledge.
The best way to study your audience is through market research. You can do this by surveying your audience or hosting a focus group.
Whatever you decide to do, market research will help you determine your clients’ needs, interests, and respective segments. At the same time, it’s all about learning the products and services they patronize, as well as the social media channels they use.
Search for Industry Chatter
As mentioned, you should know where to find your clients online. To connect with these individuals, you need to be on the lookout for industry chatter.
You could start by searching for places where your target customers interact with one another. Where are they more likely to exchange ideas and experiences?
Depending on your industry or the age of your clients, you may find them in various networking channels. Some may be on Facebook or Twitter, while some may be lurking in Reddit and other group forums.
If you can’t seem to hone in on their location, you can always use programs like Facebook Insights and SparkToro. These will keep you ahead of the competition as it brings you directly to your clients’ online hangouts.
By locating the industry chatter, you can better understand the challenges they face. That way, you can present your innovation or technology in the most appealing way.
Access Trade Journals
One of the best ways to hone your industry knowledge is to read trade journal articles. With this, you can learn more about industry insights, the newest changes, and the current gaps that exist. That way, you can address the business opportunities that most companies miss.
What’s great about this method is that you can effortlessly search journals online. All you need to do is type a specific query, like “medical device trade journals.”
As you’re sure to stumble upon a handful of journals, you should start with five journals first. That way, you won’t be overwhelmed with all the relevant information you’re about to receive.
Join Industry Organizations
Like reading trade journals, professional organizations can help you improve your industry knowledge for a minimal cost (or even free).
Industry organizations are not just for filling out your LinkedIn business profile. They give you access to the latest data and industry secrets.
Industry organizations also help with professional development, especially when you attend training events and shows. At the same time, it can help you grow your network since you get to connect with business leaders and other key companies.
Similar to searching for trade shows, you can look up these networking groups online. For best results, make sure to do a background check of the organization before you sign up.
Read Related Business Blogs
If subscribing to trade journals or joining business organizations proves to be expensive, you don’t necessarily have to abandon your pursuit of industry knowledge. You can gain access to the latest trends for free by reading the experts’ blogs.
Since you’re bound to find lots of articles on the internet, you should evaluate the website before reading. You know you’re learning from an established professional if the blog site is:
- Rated with a high domain score. Search engines rank websites according to the relevance and usefulness of their posts. You can check the blog’s domain score by using SEO platforms like Moz.
- Publishing content regularly. Industry trends come and go. If you want to have a good business advantage, you should regularly read blogs posting the latest news.
- Engaging with the target audience. If there’s no engagement, the content may not be as valuable to you or your target audience.
- Receiving social shares. You’d want to read a blog with posts that are viral around the world.
Listen to Business Podcasts
Similar to reading blogs, listening to podcasts is a great way to enhance your industry knowledge. It’s particularly good to listen to episodes featuring management experts who provide tips and insights on business development and growth.
With podcasts, you can listen to related business news wherever you go or whatever you may be doing. You can brush up on your informal education even as you drive to work or run in the park.
Improving your knowledge and skills is essential if you want rapid career growth. By trying any of the strategies mentioned above, you can gain insider knowledge as if you have a full-time mentor.
