8 steps for sartups market analysis
TRANSCRIPT
8 Steps for Startup Market Analysis
www.gaia-vsm.com
Before you make any new decision about your market strategy, you need to map the
market you are playing at.
www.gaia-vsm.com
Mapping the market is done by market analysis.
Here are 8 steps to analyze your market.
www.gaia-vsm.com
Perform Global Research
Perform global research and then take a look into the local geographical markets
www.gaia-vsm.com
Perform Global Research
Look for market reports
about your industry and
its surrounded fields
www.gaia-vsm.com
Perform Global Research
In order to find a wide range of free information, it’s worth to look for press releases, and surveys from research companies.
www.gaia-vsm.com
Seek Out Market Segmentations
Products are divided in many categories in every industry branch. Search for terms such as “market share”.
www.gaia-vsm.com
Be an Expert About Your Audience
www.gaia-vsm.com
What do they do?
What do they think?
Who are their thought leaders?
What do they
read?
What do they need?
What do they say?
Where do they go?
what is their need
Follow Trends
Thousands of articles, blogs, and websites deal with industry trends, like the well known www.trendwatching.com.
www.gaia-vsm.com
Follow Trends
You can Google the word trend with the name of your industry, and you’ll have huge amount of information.
www.gaia-vsm.com
Benchmark
Look for products that have similar behaviors: distribution channels, target audience, or give a similar solution.
www.gaia-vsm.com
Map your competitive landscape
Competitor is someone who makes your clients spend their time and their money on its self.
www.gaia-vsm.com
Map your competitive landscapeCompetitive Landscape analysis identifies your competitors online as well as offline. It involves a systematic analysis of the current environment and its implementation on the organic search space.
www.gaia-vsm.comwebsite
Blog
FacebookNewsletter
Reliable Sources
Make sure to choose your information from a reliable sources (not every blog/article is credible).
www.gaia-vsm.com
Take Your Time
Collecting data takes
awhile, and requires
concentration and
patience.
www.gaia-vsm.com
Take Your Time
After you’ll find the right information properly, it will provide you a wide picture of the market situation. it is definitely worth all the effort.
www.gaia-vsm.com
www.gaia-vsm.com
Website :. - .www gaia vsm com
LinkedIn: :// . /1http linkd in kRLZfq
Twitter: :// . /https twitter com GaiaVSM
Meet up ::// . /1 8http bit ly efMf c