Why you should do market research as a business person.

IB D

Well Known

Member

Jan 6, 2023

5,443

194

Dex

$0.000

Raw Dex

$0.101

• Jan 30, 2023

• #1

Market research helps companies understand their target audience, gather valuable insights, and make informed business decisions, leading to better products, higher profits, and overall success.

 

cherry123

Popular

Member

Sep 5, 2022

27,467

2,612

Dex

$0.591

Raw Dex

$0.071

• Jan 30, 2023

• #2

Any good business person Should always do a research it will help you to gather the right information for your business.

 

B

Bisolami

Very Familiar

Member

Sep 19, 2022

17,833

1,539

Dex

$0.000

Raw Dex

$0.078

• Jan 31, 2023

• #3

IB D said:

Market research helps companies understand their target audience, gather valuable insights, and make informed business decisions, leading to better products, higher profits, and overall success.

Click to expand...

Research about the product and the people who need the product should be made so that you will not make the mistake of advertising to the wrong people

 

SHAHID987

Notable

Member

Nov 15, 2022

3,930

228

Dex

$3.765

Raw Dex

$0.004

• Jan 31, 2023

• #4

Market research plays very important role specially for businessman because one should know all about the market and it's trend plus they must be aware about their competitors.

 

S

Springtime

Well Known

Member

Dec 22, 2022

7,929

294

Dex

$1.340

Raw Dex

$0.105

• Feb 1, 2023

• #5

Market research helps a business to know the choices and preferences of its target audience. It also provides the business with the essential information about competition and existing products in the market. Business needs such information to create an effective sales and marketing strategy.

 

eldavis

Very Familiar

Member

Sep 4, 2022

15,103

665

Dex

$0.000

Raw Dex

$6.376

• Feb 1, 2023

• #6

Market research is very vital for every business owner cause the market is constantly changing, hence there is a need to always stay updated with the happenings in the market.

 

flower

Notable

Member

Jan 9, 2023

4,978

86

Dex

$0.004

Raw Dex

$0.001

• Feb 1, 2023

• #7

Conducting market research is extremely wonderful and important for each and every businesses. You must always ensure that you go through such activities.

 

Golden9

Notable

Member

Sep 6, 2022

1,898

143

Dex

$0.000

Raw Dex

$1.485

• Feb 1, 2023

• #8

I like to know if there is a demand for my business, and people have the money to pay for it. Making research about the competition is also an important aspect of market research.

 

Shavkat

Very Familiar

Member

Sep 7, 2022

13,631

947

Dex

$0.515

Raw Dex

$0.003

• Feb 15, 2023

• #9

How can we know the right or appropriate marketing strategies if we are not going to this? It does make sense why business feasibility business study is so effective when it comes to knowing this matter.

Post automatically merged: Mar 13, 2023

SHAHID987 said:

Market research plays very important role specially for businessman because one should know all about the market and it's trend plus they must be aware about their competitors.

Click to expand...

You said the good points of having the market research done by the business owner. In fact, he or she can also ask the marketing department to do this as much as possible. If not, the business will struggle against their competitors.

 

Last edited: Mar 13, 2023