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Suharsh Mahajan

Data Enthusiast • 2m

Why is Market Research important? Before starting any business or launching a new product it is very important to know the market and what market really needs. Many good ideas fail because the people didn't take time to understand their customers or the competition. Market Research helps to: - Learn what your target customers need and expect - Find out what's already working in the market Avoid spending money on the wrong ideas Make better plans based on facts or data and not guesses or intuition Discover gaps and new opportunities for growth. Big tools or lot of capital is not required for Market Research, even a small surveys and looking at what others are doing can teach a lot. If you want to build something that works, start by learning from the market. DM to know more!

0 replies1 like

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Steve Jobs' thoughts on Market Research Some people say, “Give the customers what they want.” But that’s not my approach. Our job is to figure out what they’re going to want before they do. Henry Ford once said, “If I’d asked customers what t

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Hii smart people !! How should you conduct market research after developing a business idea? What are the step-by-step approaches to effective market research?

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