Do Not Ignore Fed Biz Opps, It Is Useful
In business development, it is never a welcome thing when you see a person with something that is similar to what you are bidding. The government will by default post all unclassified opportunities.These opportunities should be the ones over $25000 and it should be done on FBO.Unfortunately, by the time you see the opportunities posted in FBO, they have already been seen by many competitors. If your intention is to do bidding, it beats logic to depend on FBO for bidding but click here for more.
Your competitors can be having an edge over you since they might have seen the opportunities and started o work on them by the time you see the opportunities. You have very minimal chances of winning, if at all you have any, if you start late in the game when your competitors are miles ahead. However, FBO is not totally useless in business development.This doesn’t mean that by any standards, FBO is totally useless when it comes to business development. Read more to know the reasons behind this.
It is not possible to totally explain the usefulness of FBO. First of all, consider something like market research. The many businesses that succeed are the ones that conduct market research from time to time. Market behaviors are evident with research but read more now. Without a proper knowledge of the market trends, an investor cannot know the best course of action he should take to align with the needs in the consumption arena and you can see the homepage. Your consumers can be identified with FBO.
The companies that win the contracts will be evident to you. Again, it will be east to know the companies qualified for sole sourcing. After you identify them, these are your real competitors but check it out!. After all these, you can consider your interest and where you might wish to bid in.
Another great thing going for FBO is that it is a good place to know the opportunities that are upcoming for planning and educational purposes.With FBO, you will know the opportunities available for your industry. The type of spending is also clear from the FBO.
You cannot rule out the possibility of finding an opportunity in its initial stages.With such an opportunity you still have a good possibility of winning of you bid. Simply start to prepare right away so as to stand a better chance of winning.
Another usefulness of FBO is that it is easy to know the registered companies for receiving notifications on RFPs. Your competitors will be easy to be analyzed if you are in possession of this information.This will give you a competitive edge above your competitors.
FBO will make it clear to the government and partners that you are an interested vendor as you market yourself through FBO.
Reference: important source