How to use online data to do market research
▻https://hackernoon.com/how-to-use-online-data-to-do-market-research-dc852db82f1?source=rss----3
Market research can reduce the risks that entrepreneurs face when they want to build a new product. In this article I talk about some market research techniques I have found that answer some important market questions.Market research can help you find opportunitiesOn doing market researchSeasoned entrepreneurs often recommend doing ‘market research’ as a starting point for building a new product.The goal of market research is to determine how easy it would be to launch a new business in a particular market.When you do market research you want to find a ‘good‘ market.A good market is a market that is growing rapidly where there is a manageable amount of competition and where there is no clear market leader.Find a market like this and you set yourself up for success.It’s worth finding good (...)
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