10 Market Analysis Tips And Strategies For Your Online Business! | Attraction Marketing Formula - Google SEO - Online Marketing Courses
Why Should You Do A Market Analysis And What Are The Components Of A Thorough Market Analysis ? First, What is the definition of a market analysis ? According to Wikipedia: A market analysis studies the attractiveness and the dynamics of a special market within a special industry. It is part of the industry analysis and thus in turn of the global environmental analysis. The market analysis is also known as a documented investigation of a market that is used to inform a firm's planning activities, particularly around decisions of inventory, purchase, work force expansion/contraction, facility expansion, purchases of capital equipment, promotional activities, and many other aspects of a company. Read more... So why is it so important to do a market analysis ? Well, The fact is that those who don't, 95% of them fail and out of those 5% only 1% make it past 5 years in business. On the other hand, those who have done a thorough market analysis enjoy greater success with less surprises or
Reinaldo Lopez