Market Research

MARKET RESEARCH

   Anybody attempting to start a new business without first of all carrying out a market research and some sort of feasibility study might be at the risk of  failling.
   Market Research enables you to find answers to some of  the following questions

• Will you be serving your customers' real needs with your products and services?What are these needs?How much will your customers be willing to spend on your products and services?What is unique about your product or service that will cause customers to choose your product or service over that of your competitor?
• To what industry will you direct your sales efforts?What is the size of that industry now and at what rate is it growing?Have you identified your principal customers?For what purpose will they use your product or service?How significant a competitor can be in your industry?
• How are the selling distribution functions usually handled by your competitors?What are the buying habits of your prospective customers?
• How will selling and distribution be handled?
• How many industries can you serve?                                                                                                                                                                                                                                     With these few tips starting up a business will be more easy than you think.

MARKET RESEARCH

PREPARING YOUR MARKET RESEARCH

      Anybody attempting to start a new business without first carrying out a market research and some sort of feasibility study is attracting failure.Market research enables you to find answers to some of the following questions--

1. Will you be serving your customers' real needs with your product or service?
2. What are these needs?
3. How much will your customers be willing to spend on your product or service?
4. What is unique about your product that will cause customers to choose your product or servie over that of your competitor.
5. To what industry will you direct your sales efforts
6. What is the size of that industry now and at what rate is it growing
7. Who have you identified will be your principal customers
8. For what purpose will they use your product or service
9. How significant
   

REVIEW YOUR EXPENSES

IN THE WORLD OF TODAY IT HAS BECOME IMPERATIVE TO WATCH  HOW WE SPEND WHAT WE EARN IN OTHER NOT TO BE BANKRUPT IN THE NEARER FUTURE.

  NO ONE SAYS YOU SHOULD NOT SPEND YOUR HARD EARNED MONEY ANY HOW YOU WANT IT BUT YOU OUGHT TO LIVE WITHIN YOUR MEANS AND GET MAXIMUM VALUE FOR EVERY MONEY YOU SPEND. 
     Take a look at the few steps you can follow to review and track your expenses:

• Embark on focused but aggressive savings
• Set realistic goals
• Segment the goals on short term basis and long term basis
  
• Involve your close associate(e.g your spouse)in your new orientation through bugdeting
  
• Give your financial life a proper focus and make wise investment plans
  

Increase Your Financial Earning

      A MAN IS NOT RATED BY THE AMOUNT OF LIABILITIES HE IS ABLE TO ACQUIRE,BUT BY THE  AMOUNT OF WORTHY INVESTMENTS HE IS ABLE TO MAKE AND SUSTAIN.
     YOU MIGHT BE   A MILLIONAIRE TODAY ,IT DOES NOT MATTER,BUT WHAT MATTERS IS THE NUMBER OF YEARS YOU ARE ABLE TO MAINTAIN AND INCREASE THE MILLIONS YOU HAVE ACQUIRED TO THE BENEFIT OF HUMANITY.
    YOU CAN NOT GIVE OUT WHAT YOU DO NOT HAVE,AND WHATEVER YOU LOVE YOU PROTECT JEALOUSLY.INCREASE YOUR FINANCIAL EARNINGS AND PROTECT IT.
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