This is just an example of the types of insights one can gain from market research which can drastically alter your business model Google Analytics By using Google’s keyword planner and trends pages, you can get a good sense of how in demand your product is and whether it’s trending upward, or downward.Google is great for a general idea, just don’t bank on it.
And how much can you afford to spend on your product?
Additional References Creating a short, crisp value proposition is a good gauge for how clear your idea is.
Write this section as if you had one minute to explain your business to a potential investor or customer.
[click To Tweet tweet=”If you don’t know your customer, your business will fail.” quote=”If you don’t know your customer, your business will fail.”] In order to come up with a marketing strategy, you need to first know your customer inside out.
You should be able to answer such questions as: With so many channels to reach your customer, which one is best for you?