Building a Market Model for Your #startup’s Product
▻https://hackernoon.com/building-a-market-model-for-your-startups-product-59943cf5b161?source=rs
All successful startups have something in common — their product or service solves a problem or fills a business or retail consumer need. Thus an important part of identifying your startup’s space in the economy is understanding the market that you are targeting.This article is the first in a series examining how you can build a deeper understanding of your target market. From there, we’ll look at developing go-to-market strategies that will result in customer traction and ultimately drive the success of your startup.Defining a MarketA market definition is a set of characteristics that identify the group of businesses or consumers who would use your product or service, and could reasonably be expected to purchase the product or service within a given timeframe.The diagram below shows how (...)
#startup-market-model #venture-capital #market-model #modeling