How Choosing an Expert Network Company Can Impact Your Business Model

As market intelligence becomes critical for businesses to understand their competitive edge, growth opportunities, etc., there is an increasing value and need for expert networks. The expert network industry is enabling access to subject matter experts with deep industry knowledge, who can provide market insights backed by human expertise for Enterprises to make informed decisions. 

Consultants get access to subject matter experts. This means that enterprises must be doubly sure that management consultancies bring experts with the right skillsets and expertise. So, choosing the right expert network company to partner with is particularly relevant to get the correct information that can profit your business greatly. 

Continue reading to learn more about how choosing an expert network can impact your business model.

Why Does Your Business Need an Expert Network? 

Imagine you plan to expand your business in an overseas market with a new product line. The market is unique, and the product you plan to introduce in this region already has a few local variants. By choosing to consult an expert via an Expert Network, you will get access to a domain expert with intrinsic industry knowledge of that particular geography. This will help you plan your go-to-market (GTM) strategy far better and succeed in your product launch. Similarly, if you are planning to acquire a company operating outside of your home territory, you will need deep industry insights, including the growth potential of your target company, any potential risk or compliance issue that you may not be aware of, etc.

Unsurprisingly, Private Equities, Hedge Funds, Consultants, Direct Investors, and other business organizations prefer using the Expert Network industry to obtain critical insights from subject matter experts ranging from marketing to management. PEs and other investors pay upwards of $1000 per hour as consultation fees to such experts. 

How Will Expert Networks Boost Your Revenue? 

Your business can effectively convert the knowledge and experience gained from experts directly into revenue by improving processes and business outcomes. When your company can bring operating costs down because of the increased efficiency of a fast-tracked product GTM, it will inevitably lead to better profits.  

Choosing the Best Expert Network Company 

Since 2001, there has been a growing number of companies offering expert network services by utilizing their rich database of Subject Matter Experts (SMEs) and industry experts. According to an Integrity Research report, the expert network industry has the potential to grow into a multi-billion-dollar industry in the near future. As a result, there is now a significant number of extensive databases of experts. Being a leading expert network aggregator platform, Consverge offers comprehensive access to many of these databases from the most resourceful expert networks for private equity firms, consultants, and enterprises. 

The Impact on Your Business Model 

Expert network companies allow your business to take time-to-market decisions faster through the help of an external expert. An article by Bloomberg states that expert networks have strengthened companies and helped them rebuilt their brands efficiently. These network companies help you find new perspectives, which creates a good impact on your overall decisions. Consverge strives to maximize our usefulness by giving you easy access to an extensive expert network portfolio. Our hybrid service model is a meticulously engineered combination of human and AI technology that helps deliver the finest customer experience as clients can quickly access a global pool of curated experts who offer services with quick turnaround times.  

Concerns, such as data risks from information shared with third parties, are genuine and understandable and real. Consverge ensures that the data protection systems on its platform support a highly encrypted data exchange ecosystem for your company when you interact with experts. 

Final Thoughts

Keeping up with digitalization, the expert network industry is also developing rapidly by incorporating automated tools and platforms for expert micro-consulting, with advanced features like built-in secure chats with experts, Transcripts, intelligent reminders, insight-sharing with team members, integrated project calendar and scheduler, access to industry experts, and more. Consverge provides you with industry-leading technology, Expert Networks and research providers on one platform. The platform blends a unified experience with a design-led AI framework to curate valuable business intelligence and research insights. Why wait to leverage expert networks? Contact Consverge to get access to global research and expertise providers to empower your business.  

To learn more, you can register on our platform at https://portal.consverge.com/ or reach us at: solutions@consverge.com