THE NEW BUSINESS: Market Research BASIC checklist




After you have a new business idea, the first thing you should do is explore the market.

1. Check who the competition is.

2. How do competitors price their products

3. Consider to hire a market research firm or do your own research on the internet or as a mystery shopper.

4. Ask friends, family and colleagues for their feedback

5. Talk with people who buy/use the product/service

6. Decide what cost and selling price for your product would be



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