TAG: Market research

Marketing plan step 1: Initial business idea, determining your value proposition

As an entrepreneur you want to provide value in a particular market (e.g. laptop market), for a specific customer group (e.g. digital nomads).

Marketing plan step 2: Market analysis, mapping the internal and external environment

Step 2 is about checking your assumptions with a more structured analysis of trends, competitors and your company's strengths and weaknesses.

Developing “eyes and ears” in the market

For entrepreneurs, there are three ways to gather information about the market: internal data, marketing intelligence and market research.

When to do market research and when to trust your instincts

The transcript below is taken from a video in which Steve Jobs explains the importance of market research. Scroll down for the full video.

An example of market research in real life

This is an excerpt from a Steve Jobs company speech in 1991 on market research that was carried out for the computer workstation NeXT.