How to Conduct Market Research - eBook & Worksheet

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How to Conduct Market Research – eBook & Worksheet

Proper market research is important if you want to launch a successful product. A little effort in knowing your market can deliver sustainable profits for the long term. Market research is critical in any business model, whether you plan to sell your own private label products, or you plan to drop ship everything. While there are a million ways to research your market, in this worksheet we’ll review some of the most effective questions to ask in order to discover key attributes that make up your market.

What is market research?

Market research is the process of gathering information about your target audience to determine how viable and successful your product or service will likely be among this customer base. You try to determine where your customers conduct their own buying research when they are looking to buy products that are similar to yours. You also try to learn about industry trends, your customers’ wants and needs from the products you’ll be offering, and what will likely influence their decision to switch and buy from you.

In general, there are five main types of market research, which can be broken down by conducting primary research and secondary research. Here is a brief explanation of each.

Types of Market Research

• Exploratory Research
• Specific Research
• Public Sources
• Commercial Sources
• Internal Sources

Get started with discovering the best market to sell items online today! Whether you are just starting out or you’ve been selling online for a while, this worksheet will help you be more profitable and more successful as an online entrepreneur. If you want to sell things online, then you need to make sure you start off on the right foot. We’re going to take the guesswork out of what to sell on Amazon. You’ll find things to sell that you may not think of initially. Perhaps you’ll find products to sell from home or you’ll decide that you want to have everything drop-shipped. The choices are endless when it comes to identifying the best-selling products online.

Once you finish this workbook, you may want to dive deeper into the niche selection process with our eBook, Tips and Tricks to Successful Niche Selection. This more comprehensive guide will lead you through a comprehensive process to clarify your niche selection ideas and to validate that you’re headed in the right direction. It is the perfect companion to this worksheet.

If you’ve always wanted to sell stuff online, then now is the perfect time to find products to sell online. Get started now by picking a profitable niche to launch your successful online business now.