Why is commercially important

Subscribe to blogs or finance channels related to finance. They keep you updated with the latest market trends every day. You can also cash in on online courses to understand the basics or grab a book from the library.

Another best way to learn about the markets and business is to watch plenty of news channels, preferably the business ones. Business channels are one of the best resources to understand market trends. Familiarize yourself with all the business terms indulge in business conversations more and more.

Business newsletters and magazines are the treasure trove of knowledge. They offer you a variety of information and help you with a better understanding of a business.

Subscribe to the monthly magazines. Forbes , Entrepreneur , the Economist are some of the top business magazines that offer you an ocean of inputs on the latest trends. Now that you have the experience, if you read the newspaper and business pages, you get a better insight into the markets and increase your awareness. Instead of scrolling countless times on social media, you can navigate the business pages and understand better about the markets.

This is for the ones who do not yet have any work experience. It is essential to learn things practically rather than books or the Internet. Internships teach you a bunch of things where you can go from having zero knowledge to becoming an expert in a particular field.

So, be enthusiastic and go all the way out to learn new things and take up responsibilities as you progress. The two magic words that law firms, lecturers, your fellow students and even the lovely people at AllAboutLaw. So what do you know about commercial awareness already? You know what commercial awareness is ; keeping up with developments in the business and commercial world.

You know that you should read a quality newspaper such as the Financial Times or Daily Telegraph in order to develop your commercial awareness. You don't need to turn your commercials into attack ads, but showing customers the differences can have a positive effect on how your brand is perceived. Think of the many commercials for laundry detergents that have a side-by-side comparison of how effectively one brand cleans shirts compared to another.

It can be successful for high-tech items as well. TV and radio offer audience information that can allow you to pick and choose stations and programs that meet your customer demographics. In this case, market fragmentation in the industry can work to your benefit, assuming you can find the niche related to what you're trying to sell, because it avoids wasting money reaching those unlikely to be in the market for what you are offering.

For example, a lower-rated radio station might be the perfect outlet for your marketing dollars if it airs a program that is particularly popular among your target market. When you work in a business or have your own business you automatically more aware how a business is run and what a business needs to survive. You can learn about business in many ways, podcast are usually the most ways as you can listen to podcast anywhere you go, even on your journey on your way to work or university.

There are thousands of topics on how economy works and stories about how business are run. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Sponsored by:. March 16, Published by Oluwabunmi Adaramola at March 16, Tags commercial commercial awareness commercial news Law Student legal news training contracts.