Fedmine Steps To Success

 

A Step By Step Approach For Small Businesses

FEDMINE Features  for competitive analysis
 

Steps To Success

Contracts – Federal Government spends approx. $800 Billion in contracts & grants

Prime Contractors – 690,000 

Between 2002 and 2003, small businesses added two million jobs.  They also produced 51 percent of private sector output as well as represented 97 percent of all exporters of goods. More than 90% of federal contractors are small businesses, yet they receive only 20% of federal spending dollars.

Fedmine Value Proposition:

FEDMINE provides a highly innovative online application that helps small federal contractors learn how to position their company with greater strategic consistency for realizing revenue goals. We have provide simple steps that you can follow to drastically shorten the learning curve that you are bound to encounter while navigating the federal maze:

Steps To Success:

  1. Define your core federal market segments from the dollars spent for your current products and services using NAICS & PSC codes. 

  2. Analyze your competition in these core agencies from the same website to see which companies are winning business in your core market.

  3. Assess the percentage of dollars going to large primes, and the share of small businesses.

  4. Identify from the competitive mix large primes with the most market share within your core agency list. These are the companies you want to market yourself for teaming and subcontracting opportunities.

  5. Distill your company’s federal marketing message to address this core market.

  6. Develop your sales and marketing materials around this strategy, you will have less chances of going wrong.

  7. Document case studies and “productize” your solutions to help sharpen the way you address your target market.

  8. Market to your core federal segments relentlessly. Send press releases to government publications toward creating visibility for your company in strategically important circles.


 

Over ten data sources comprise the latest version of the FEDMINE application suite, making FEDMINE the most capable database in federal government market. These data within the application provides fast, actionable business intelligence that can result in, for example, making less risky decisions on which federal agencies to pursue, determine partners and identify competition within the agencies you want to pursue, and provide detailed views on those agencies buying the types of products and services a company wants to sell. The following paragraphs highlight the application in greater detail.

In FEDMINE.US™ you can generate the latest reports and dynamic graphs with leading to information that helps puts you in control of your business. The iContractor® product (integrated in the application) eases the task of obtaining and keeping on top of your competitors in your federal market segments. Gaining competitive intelligence is a required business practice for sustaining success in any marketplace today. Because iContractor® is deeply integrated into the application it is mentioned here only to provide it an identity, as it cannot be sold separately,.

Defining the value of intelligence

  1. The value of intelligence is often demonstrated in the strategic decisions and actions taken by company leaders to capitalize on opportunities or minimize risk

  2. Identifying specific indicators and early warnings in the marketplace enables decision makers to proceed with a business strategy that can become sustainable

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Why this is so special for small business

Over four years of research and development efforts resulted in bringing FEDMINE to market. The application is constantly being enhanced both in features and in depth, as well as in the number of data sources and new reports, with a strong focus on usability.

The founder designed the system with small business in mind, because he previously owned a federal contracting firm and knows what small businesses are looking for.

The data is aggregated from disparate federal government data sources, then interconnected under one umbrella.


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