Market research

What online tools would you recommend for the market research?

Anonymous

Last updated on December 31st, 2019

I would like to start a trading business. Looking for a product that is on-demand in my area (Asia). Please help with recommendation how to find a product.

Anuj B. Gopal Serial Entrepreneur who scaled a bootstrapped AIoT startup to clock $10M revenue | www.anuj.live

January 2nd, 2020

Hey, You may choose any of following tools as per your preferences:


Free but require good practice to use

  • Google Keywords Tool
  • Google Trends
  • Google Analytics
  • Quora
  • Google Alert and Think With Google

Paid and simple to use

  • Alexa – market and customer intelligence
  • Statista - insights and facts across 600 industries and 50+ countries
  • Crayon – market and competitive intelligence
  • Qualtrics – customer, product and brand research insight
  • TypeForm or SurveyMonkey – creating/analyzing survey

Please feel free to contact me if you require further assistance.


Regards,

Anuj || www.anuj.live


Paul Garcia marketing exec & business advisor

January 3rd, 2020

Wow, so not only do you want someone to come up with an idea for your business, you want them to show you how to learn about how to make money with it?

This isn't market research, this is basic idea exploration. No one is going to do that foundation work for you. No one.


How do you explore anything? Do that.


A trading business is too generic. An in-demand product is too generic. You have to have some idea on your own of what you can do that is of value. Just trading commodities is a competitive position you don't want to be in. Think of what you can do first, best, or most. How can you be at least 50% different than others?


There will always be someone willing to trade for less money than you, so you need to determine what it is that makes your offer have value other offers do not have.


Good luck.

Rhoangelson Dewah Co founder & CEO @Angelson marketing & modelling agency

January 1st, 2020

Hie there Well the idea is to first understand the market before you can get to the product itself. How well is the market satisfied,if they are areas lacking, under which demography. When that is defined can the identified niche affort to consume the pointed out product and at what rate of consumption.most of these market research tools are found online and data is readily available (e.g product life cycle, developing a new product, market penetration strategies etc) to make it easy to chose the product you wish to retail.

Natalya A Meyer Business with the heart. Trusted guide into new markets.

January 2nd, 2020

Market research is becoming am old term, surprisingly. CPA (click per action) is the best tool at the moment.


I hope this helps.