Researching the Market Place of Your Business

Researching your market place is a vital exercise when starting up any business. To understand business areas that are new to you, research factors such as:



  • Your customers



  • Your competitors



  • Your product or service



  • The price



  • The advertising and promotional material



  • Channels of distribution



  • Your location











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Source:http://www.dummies.com/how-to/content/researching-the-market-place-of-your-business.html

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