What kind of market research do you do?

[nomad]

Whether you are trying to launch your new business or you already running a business, market research is very important for the success of your business. When you do market research properly, you will be able to identify the right products to sell, the right market to sell, etc. What kind of market research do you do? How do you conduct market research to understand customers' needs and preferences?

 

[Bisolami]

Whether you are trying to launch your new business or you already running a business, market research is very important for the success of your business. When you do market research properly, you will be able to identify the right products to sell, the right market to sell, etc. What kind of market research do you do? How do you conduct market research to understand customers' needs and preferences?

One of the things I will do is to choose the business or choose to sell goods that people really need and is not available with the area. That is even enough for the right location for the business

 

[Niyi Briggs]

For my kind of business, I do direct surveys interacting directly with customers to know their preferences on pricing and products nature. I also do competitor analysis to ascertain the strategies employed by my competitors.

 

[Springtime]

I currently do not own a business. No need to do market research. When I was working for a company, we did market research from time to time. Our research may include customer satisfaction and preference as well as competitive analysis.

 

[eldavis]

For me when i see a particular product or service i want to include to my business, what i normally do is to find out if these products and services are in demand.

 

[Blessed19]

Making market research is very good and important to the success of a business and as you have made mention of in your post, getting to make a proper research would help to identify the right things to do in your business.

 

[Heatman]

For me when i see a particular product or service i want to include to my business, what i normally do is to find out if these products and services are in demand.

Product research is something that is always very necessary because it is going to give you the information that you need to be able to develop a product that will be in high demand in the market.