Wednesday, February 22, 2006
Outstanding questions on becoming an industry analyst
Recently, several bloggers have talked about becoming an analyst, getting it right and being paid for it!. Of course I have lots of unanswered questions...
Figured I would limit my question to just five things:
| | View blog reactionsFigured I would limit my question to just five things:
- One of my five most favorite analysts, Stephen O'Grady of Redmonk mentioned here that many analysts from other firms were interested in working for Redmonk which is cool, but he wouldn't be interested in paying them more than he makes. For folks who have never been an industry analyst, what is the typical compensation model out there?
- James Governor also of Redmonk wrote a wonderful blog entry on How to become an industry analyst. The hard part is knowing what steps one should take to get their first client? For example, if I hang my hat out as an analyst and I want Oracle to be my first client, do I pick up the phone and call Mr. Ellison?
- Some folks have "hinted" that smaller analyst firms while on the rise may be struggling in terms of cashflow. Is this a tactic to discredit the competition or is this backed by research?
- Some small analyst firms hold industry conferences while others don't. Many folks in corporate America love trips to resort locations and sometimes use analyst research as a justification for vacation. Should these small firms continue to deny folks that practice this?
- I have seen many bloggers comment on how software vendors should interact with industry analysts but have never seen anyone really explain how us folks in corporate America should? Come someone please blog about best practices in this space?
