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Why is Market Research - why is market research important


Why is Market Research -why is market research important

Why is Market Research Things to Consider
Important?
Some Important
Questions To Ask
? Is there a market for your product?
? Who will buy it and why?
? How often will they buy it
? Who won't buy it and why?
? How many people are likely to buy
it?
? How much will consumers be
prepared to pay for it?
? Can you make sufficient profit at
the target price?
? What will be the best media
channels to use with target
consumers?
About Your
Product
? What are the benefits of your
product?
? How does this differ from the
competition?
? Why will it be important to
consumers?
? Will your products appeal to different
markets?
? How, when, where and why will
consumers use your product?
? What words & phrases will consumers
use to describe your product?

Why is market research matters to your business?Market research is crucial for any business owner and gives you a direction to work towards, will help you to identify your target market, and find out what sparks their interest. A little research goes a long way and provides the answers you need to create better content for your audience.