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Why do so many new products and service companies fail? Usually for many reasons. Companies often are so enamored of their new product ideas that they fail to do their research, or they ignore what the research tells them. It is important in product development to develop products that your consumer’s want, not simply what you desire to produce. With effective market research, you can determine the need for your service, a product's likelihood to sell, target-market demographics, and desirable store locations. There are numerous ways to uncover this information -- from online research to focus groups. Here are a few simple and free ways for entreprenuers to do market research: Step 1: Go to www.google.com Step 2: Identify key words that describe your target market and service/product offering Step 3: Run a search on each of those keywords Step 4: Research the top 10 Sites that show up on Google and the sponsored links on the right for the following 7 Key Market Research Questions: 1. Who is the company and principal of the company? 2. What products and services are they trying to sell? 3. At what price point are they offering these products and services? 4. Who are they targeting? What are the demographics of their target audience? 5. How are they delivering their product and service? 6. How are they positioning their product and service? 7. How are they promoting their product and service? Step 5: Create a one page document for each company that summarizes the key questions and then one final executive summary of all 10 sites comparatively. Use this information to create and position your own marketing strategy. Other Ideas • Ask your existing customers - Conduct a survey of your target market with Survey Monkey. • Invite a group out for lunch and have in informal focus group. • Contact a local MBA program and offer an internship to a grad student. • Join online forums that talk about your kind of business. • Set up a chat room where you conduct your own online focus groups. Take the time to do the market research upfront. Renegade entrepreneurs may find this task tedious, but I promise you, it won’t be as painful as regularly dusting the thousands of dollars of unshipped product you could have laying around your office! Instant Article Submitter. - Amazing Breakthrough Software Stuffs Any Website You Want Full Of Free Targeted Traffic. Email 2,900,000+ Recipients Daily! - 100% Spam Free Targeted Bulk Email Service! Instantly Increase Your Sales by 1900% Guaranteed! Google plans to use Google Base (a product still in testing) to launch an online marketplace in Europe, which would allow small businesses that don't otherwise have the resources for e-commerce sites to offer up their products and services online. Article Index: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | 91 | 92 | 93 | 94 | 95 | 96 | 97 | 98 | 99 | 100 |
Advice Home Business Technology Online Advertising Motivational Internet Marketing SEO Help Online Games Science Articles Happiness More Articles:1. Bedroom Marketing By Len Dozois Hopefully we are all adults here, so let's talk about sex for just a minute. No, I'm not talking about porn sites, I'm talking about taking a look at what I call 'Bedroom Marketing' and applying the same principles to Internet marketing.I don't care if you're a female or a male. Play this scenario out in your head:You walk in the door and yell "Honey, I'm home. Take off your clothes and jump into bed because I really want you and I know that yo… 2. Five Steps to Successful Online Selling Each year, Internet users purchase billions of dollars worth of products and services online, according to Web researcher eMarketer. Is your business getting its share of the pie? You can capitalize on the power of the Internet, if you follow these four important steps to successful online selling. Step 1: Build a site with good design and contentCreate a Website with a design that’s attractive, well-organized and easy to navigate. This will mak… 3. Leverage The Power Of Using Flyers To Advertise Your Online Product or Service Offline By Oliver Bowen One commonly overlooked method of advertising offline is flyers. Flyers are extremely easy to create. They also allow you to exhibit some of your creative side, making it just that much more fun to make money.In some areas, you may be able to put up over 1,000 flyers! The more flyers you put up the better chances you have of making money.Just go to the web site of the product your promoting, and save their web page to your hard drive. Modify th… 4. Discover the Basics of a Unique Selling Proposition By L A Parmley Having a USP helps make you look like you are on the customer's side and not just out to prey on unsuspecting passer bys. Instead of raving how you're number 1 (like everyone else), you can appeal to their benefits.Prospective customers really don't care how great your company is (especially if it's coming from you) or how long you've been in business. They want to know what's in it for them. What benefits will they get if they buy from you… |