Business Opportunities Weblog

How to Research Your Business Idea

By on July 11, 2004 in Ideas

Entrepreneur: “Market research, then, can prove invaluable in determining your idea’s potential. You can gather information from industry associations, Web searches, periodicals, federal and state agencies, and so forth. A trip to the library or a few hours online can set you on your way to really understanding your market. Your aim is to gain a general sense of the type of customer your product or service will serve—or at least to being willing to find out through the research process. ‘For example,’ says Shenker, ‘if you don’t know if your product will appeal to the youth market, make sure you include a sample of that population in your research efforts.’”

via Angie McKaig.

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Business Opportunities Weblog editor and publisher Dane Carlson lives in the Sierra Nevada mountains of California, just 15 miles from Yosemite National Park. He accidentally became a professional blogger in 2001. He has added 12,198 posts to the site.

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