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Post on Medial

Startup Savvy

Stealth • 8m

Methods for Market Research 1) Start with Existing Data :- You can refer any website, article, etc I prefer IBEF org website for industry analysis 2) Customer Interview :- It's very important to interview your customers. They will help you to know problems and gaps. You can also interview your old customers who use your product 3) Scan All Touch Points :- Touch Points are those where your business and customer interact eg Your Website, Ad on Social Media, Your Store etc etc 4) Analysis of Competitor :- Do SWOT analysis of your business 5) Identify Pains and Gaps while Buying :- Analyse that why your customer is not buying your product is he feeling some difficulty while buying 6) Pivot :- Firstly Focus on only 100 customers, perfectly study them, make all mistakes, learn from your mistakes and then proceed further. Market Research is a vast topic. There are many other methods but it's Difficult to cover all in one post Let me know your doubts

3 replies15 likes

Replies (3)

Anonymous 2

Stealth • 8m

Good effort bruh

1 replies2 likes

Phanirockzzz

Stealth • 8m

Great post buddy. I want to add one thing here. If already competitive players are there in industry. Try to be authentic and add a extra value that consumer should choose you over them. Don't make complex at beginning. Just make one most viable product or service and as consumers grow expand eventually.

0 replies1 like

Anonymous 1

Stealth • 8m

Thanks for the free help, man. More people like you should exist.

0 replies1 like

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