Do you know, you can even zoom in at your customer base and see what their income, qualification, members in their family and so on.
this type of data analysis will help businesses to tap into new areas of opportunity and new products and services
Understanding your customer demographics can unlock so many growth opportunities and tailor your offerings effectively. Please share how to zoom in for the info
Startup Blueprint - Day 02
Market Research and Analysis :
1.Customer Segmentation: Divide your potential customers into distinct groups based on demographics, behavior, or needs.
2.Market Size and Growth: Determine the size of your target market a
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Embracing a growth mindset means seeing challenges as opportunities for growth and learning, rather than obstacles to be avoided.
It’s about believing in your ability to improve and develop through effort and perseverance, and understanding th
How many of you know about (Churn Rate)
Churn rate, or customer attrition, measures the percentage of customers who stop using your product or service over a period. It's crucial for businesses, especially those with subscription models, as it direc
Key Takeaways from Skoda's Marketing :
"Value-for-Money Premium Brand"
1. Localise your offerings – Tailor products and services to meet the unique name and preferences of regional markets.
2. Leverage digital innovation – Adopt AR/VR and online bo
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The unknown entrepreneur
Stealth • 3m
Strategies for startups 📊
Leverage Cost-Effective Marketing: Utilize free or low-cost marketing tools, particularly social media, to build brand awareness without overspending.
Focus on Product-Market Fit: Ensure your product meets the needs of y
Hi Medial family 👋
Here is some key lesson for D2C Brands !
Esse tho dekh le kaam se kaam , usse tho dekh nahi paya tuu 👀🤧
1) FIND YOUR NICHE : Don't be afraid to carve out a specific niche within your market. A well-defined target audience all
When you're feeling stuck, try zooming out for clarity. Focusing too closely makes struggles seem bigger and progress feel smaller. A broader perspective reveals both the manageability of challenges and the significance of your growth.
Two methods:
Data analysis for business:
Data analysis is a powerful tool that businesses can leverage to gain a competitive advantage. Here are some of the key ways it's useful:
Understanding Customers:Businesses can analyze data on sales, demographics, and cu
Strategy For Startup Growth - 3
3Rd part of 4C strategy and read my previous post for better understanding of 4C strategy and implement this now otherwise you never become ceo .
3. Convenience —
Is Your Customers Feel Comfortable with your prod