Business thrives when a person is able to meet the demands of customers. When your products don't meet demands, you would always produce and consume by yourself. Before you start a business,ask yourself if there is a demand for that product. Also ask yourself how big the demand for that product is. Don't ever answer a question no one is asking by not responding to demand.
As a business person, always respond to demand.
- Thread starter Etini Willie
- Start date
It's going to be a complete waste of time and business resources to start any business that doesn't have any demand for the products or services.
A product without demand is good as death. Therefore, it is very important that make market research before engaging in production or market of any product. Once a product have demand, a business owner will be making profits. The only products that have constant is food related products
Analyze the competition, including their products, pricing strategies, and marketing tactics. Identify areas where your product can differentiate itself from competitors and offer unique value propositions to customers Before starting a business or developing a new product, do a market research and make sure your product/service meets with the needs of the potential customers. When launching the product, do an effective marketing campaign to inform your target audience the benefits of your product.
A focused and business-oriented person would always respond to the demands of the customers.
It is very important for you to take into consideration what the customers are interested in buying before starting of any kind of business because that is what is going to determine the business survival.
Always start business by looking the demand of the customers.If we just see our interest and start business then we may suffer more, if I start a medical store in poor locality where people don't go to doctors, instead they prefer to take some home remedies so how can that business grow there.
It is also important to come up to a good marketing strategy for you business because without marketing, people may not even know that your products can meet their demand
It is true. But talking about before starting a business, you don't have to market anything. Just find out if people would buy if you start.
- Thread starter
- #15
Some business people attach emotions to their Production and that's a sure recipe for losses and disaster. If there is no concrete demand that would make the production profitable, don't produce it.
This is a very good advice that you have right here for anyone who venture into a business of any form honestly and if one does not meet up to the demands of the customers then that business is headed to falling apart and crashing all the way. As the saying that customers are always right you have to meet up to them all the time to keep your business moving.
Making sure that you always offer whatever your customers are demanding for in the market is the only way that is going to ensure the success of your business.