Looking to launch your dream business but feeling overwhelmed by market research?
๐ Let's talk about why understanding your market is the secret sauce to entrepreneurial success!
Did you know that lack of market research is one of the top reasons businesses fail?
But here's the good news - you don't have to navigate these waters alone ... in fact you can provide market research for others using tools like ChatGPT
Start by doing some market research for yourself and then consider offering it as a service to other businesses.
Here's what proper market research can reveal:
โข Who your ideal customers really are and where to find them
โข What your competitors are doing right (and wrong)
โข How to price your products or services effectively
โข Which market gaps you can fill with your unique offering
The best part? In addition to AI tools you can start with simple tools like online surveys, social media polls, and customer interviews to gather valuable insights.
BONUS TIP: Use ChatGPT acting as a focus group to help you uncover insights for your market and your clients!
Drop a ๐ below If you're ready to jump into this new venture!
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Jonathan Mast