How to identify market gaps In a community

[cherry123]

The truth is that the best way to hit it big with a business is to provide a lacking need in a community. You might just be hitting your goldmine this way. So how do you easily spot these market gaps

Follow market trends and find out how you can redefine your own production to meet their yearnings

Take Survey from people in the community: You should give people around a survey to find out what they néed to see as products

Another workable way is to brainstorm unsolved needs in the community and provide it in an innovative way

You can even reinvent existing products and add value to it and you would make money.

Add yours?

 

[Niyi Briggs]

Listen to people around that community, you would hear what is a common pressing need. That means you have to be social. You would hear them comparing that community with another based on a particular thing. That thing is a potential goldmine.

 

[IB D]

Look for that product that people use regularly but they have to leave the community to access those products and services. There is a market gap there.