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Business Terms TAM stands for Total Addressable Market, a key metric in business. It estimates the total revenue possible by selling your product to everyone in the market who could potentially benefit from it.Businesses use TAM to gauge market size,

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

Struggling to understand your market size? It’s time to stop guessing and start making data-driven decisions! Here's a simple guide to calculating TAM, SAM, and SOM that every founder, marketer, or strategist needs to know. "Determining your market

What does it take to identify your potential customers and market your product to them ? How do you deal with this at an early stage of your product or project ? Does it cost you anything ?

The Most Important Thing about Starting a Business is about Market Research Entrepreneur should have knowledge about the market Q1) What is the Total Addressable Market Size ? Q2) Is the Industry a Sunrise or Sunset ? Q3) Is their need for your pro

To enter a market, understanding three key metrics is most important in any business field: 1) TAM (Total Addressable Market): The total demand for a product or service without limitations. Example: If 10 million people worldwide might buy $100 he

How can entrepreneurs validate their product ideas in a way that ensures they are launching a solution that truly meets the needs and desires of their target market? What steps can be taken to gather unbiased feedback and data to confirm the viabilit

Attention aspiring entrepreneurs! When starting your business, consider these key factors: 1. Solve a real problem: Address a genuine need or pain point in the market. 2. Know your audience: Understand your target market inside out to tailor your

As mentioned, I will continue from yesterday's post and write about types of KPIs in detail a] Customer and user engagement KPIs: 1. Conversion rate: percentage of users who have signed up/ purchased the product. 2. Customer retention rate: propo

★ How to execute startup idea 1. Market Research=} Understand your target audience,competition, and market trends to validate your idea's viability 2. Create a Business Plan =} Outline your startup's mission, target market, revenue model,and marke