Great question! The short answer is, yes, market research matters for every business. Large or small, every company has to sell something to someone. How do you know what to sell, or who to sell it to, if you aren’t aware of your market?
If You Build It, No One Cares
Let’s face it – just creating something and putting it out into the world isn’t enough. It was never enough. You have to connect your product or service with those who need it. So, that means you have to know what you’re creating, who needs it, where those people hang out, and what kind of outreach they respond to.
Doing market research gives you access to the data you need to answer those burning questions. Once you know the answers, you’ll be able to position your product or service in front of the right audience, in a way that they will receive it and be ready to purchase. Continue Reading →