In a recession, businesses are challenged to find ways to maintain their growth and profitability amidst the economic downturn. While cutting costs and tightening budgets may be effective short-term solutions, they do not necessarily lead to long-term success. In such a scenario, it becomes crucial to tap into the knowledge and expertise of subject matter experts who can provide valuable insights and guidance, this can be done through an expert network such as Infoquest. 

Below are ways we have seen Infoquest clients leverage our services to create long-term value: 

1- Accessing insights into their industry, market trends, and growth opportunities.

Infoquest’s expert network provides our clients with access to expertise from various industries, also known as key subject matter experts.

For example, recently a subscription-based e-commerce startup in the GCC reached out to us to identify new verticals to expand to, we helped them learn about growth opportunities by accessing experts who have expertise in entering new verticals in the global markets.

One of these experts was a former Director of Strategy at Amazon. 

2- Identifying areas where they can cut costs without compromising on quality or efficiency. 

When a boutique digital consulting firm that is aiding a leading F&B manufacturer in adopting automation solutions needed insights, our experts came to the rescue.

We helped our client leverage targeted insights from custom-recruited experts to explore the various ways digitalization has benefited other companies, allowing them to build a fool-proof digitalization strategy aiming to cut their costs by 15% throughout 2023. 

3- Understanding how to Enhance their strategies aimed at retaining customers.

About 20% of the projects we have worked on in 2023 have been attempting to understand the voice of a customer. We set up conversations between our clients and key decision-makers from the Industries they sell their products and services to. This allowed them to understand how they differentiate themselves from the market, and successfully pinpointed areas where their products fell short and identified opportunities for improvement, giving them a competitive edge in the market.

In conclusion, talking to a subject matter expert can be a game-changer for businesses looking to thrive in a recession. By tapping into the knowledge and expertise of an expert network, businesses can gain valuable insights, make informed decisions, and stay ahead of the curve. 

Learn more about how to find experts here. 

Otherwise, feel free to reach out directly to me at omar@iqnetwork.co for a chat.