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Market Research - Page: 4
The entrepreneurship community has lagged behind in incorporating primary market research into startup formation, which is a significant missed opportunity.
If people are lining up for a product, figure out how to make the line shorter and they'll buy from you.
Thoroughly exploring the market you think exists for your product is crucial, even if you can't afford it.
The more experience you have in your industry, the more you know about the products, services, competitors, suppliers, channels of distribution, customers, and opportunities.
Here are two extremely cheap (read: free) ways to test ideas.
They watch and they learn.
A well-crafted survey of your customers is the best method businesses have for learning what they are doing well and what they can improve.