Twelve questions to develop your custom market research
A Market Research initiative can be pursued with or without the development of a Marketing Plan. Research objectives may include a comprehensive understanding of the markets in which you compete, the position of your products/services in those markets and the position of these products/services of your major competitors.
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What is history of your company?
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What are your long-term and short-term goals?
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What are your greatest strengths?
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What are your acknowledged weaknesses?
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Who are the main competitors?
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What do you consider to be their strengths and weaknesses?
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What are your main products?
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Which product, if any, holds the greatest potential?
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Who are your present customers?
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What are your targeted market segments and strategies?
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Who are the targeted prospects?
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What criteria do we use to identify prospects?