Business Operations: Marketing Research
Effective market research, can help determine the need, estimate a product's likelihood to fill it,
determine target-market demographics, even define optimal retail locations.
This type of information can be uncovered a number of ways: online research, focus groups, even counting competitors' customers. This work can be done by pros, sometimes at signficant cost, or done yourself ("bootstrapped") at a modest investment of time, effort or money.
Marketing Research
What's market research? And why must you do it? Here are two articles that offer a general overview on the topic.
Bootstrapped Research
Some low-budget research strategies:
Demographic Research
Develop a thorough knowledge of whom your target market includes.
Competitive Intelligence
Snoop around competitors' stores, websites and customers.
Research Woes
CEO insights into market research mistakes
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