If in a market there are too many other individuals
Posted: Wed Jan 22, 2025 6:40 am
The process of conducting market research is quite time-consuming. However, it is very important to do it, to avoid starting a business in the wrong field. Level of competition There may be times when a situation arises where the need does exist. You are also prepared to provide the best service possible to meet that need. However… you find that no one is contacting you to get your services. So in this case, there are other factors you need to consider, for example regarding competition .
or companies capable of meeting customer needs, it could be the reason why your employment database business is not growing and it is difficult to acquire customers. This doesn't mean you're not good. But your competitors are faster at getting customers than you are. Therefore, in the process of conducting market research, you also need to research the level of competition in the market. What are the needs of your potential customers? I touched a little on the needs of potential customers.
We can classify these needs into categories such as i. Basic needs These basic needs include things such as food, shelter, clothing, medicine, education, safety and others that contribute to a person's survival. Suitable business proposals include restaurant businesses, food businesses, rental housing businesses, pharmacies, tuition classes, and so on. ii. Convenience and comfort Humans also need something that can make things easier, save time, save energy, save money, and so on. Business proposals include delivery services, food delivery services, laundry services, and cleaning services.
or companies capable of meeting customer needs, it could be the reason why your employment database business is not growing and it is difficult to acquire customers. This doesn't mean you're not good. But your competitors are faster at getting customers than you are. Therefore, in the process of conducting market research, you also need to research the level of competition in the market. What are the needs of your potential customers? I touched a little on the needs of potential customers.
We can classify these needs into categories such as i. Basic needs These basic needs include things such as food, shelter, clothing, medicine, education, safety and others that contribute to a person's survival. Suitable business proposals include restaurant businesses, food businesses, rental housing businesses, pharmacies, tuition classes, and so on. ii. Convenience and comfort Humans also need something that can make things easier, save time, save energy, save money, and so on. Business proposals include delivery services, food delivery services, laundry services, and cleaning services.