This market research focus on 3 main things: - Identify current "Position" in your industry. - Know all about "Customers"; behaviour, what are they Looking for & what they Need to see. - Know all about "Competitors"; what you need to step over, best practices & what to avoid. this is a glimpse of what this research focus on, following how this research will help your business further more
How will this help?! - All you Need to know about the market - Potential customers; where they're, how to acquire them & why you need to keep them - Market Threats - Your Strengths - Your Weaknesses - Available Opportunities