3 Biggest Mistakes Doing Market Research

Owing to nil supply the property prices in the core areas of Mumbai are buoyant as ever. However, the suburban areas are witnessing a drop in prices by 10-20 percent. As the supply side is in excess the values of property are much less in the suburbs as compared to the main city.

Set a fair price for your business and customers. Do not underprice your products or services just to get a sale. Always keep your prices competitive to prevent losing revenues. Keep in mind that you need to earn profits at the end of the day to keep your business running. Conduct Strategic SWOT Analysis to come up with the right price for your offerings. Study the prices your competitors charge and balance them with your capital. You can only grow your venture if your profits can surpass your capital. Look for companies providing sage business solutions to manage your finances well.

Videos 3, 4 and 5 are very interesting. It helps understand the characteristics of every market type. Is it profitable to be in a particular market? Sure it won’t have a lot of competition but that does not mean it will be profitable. This set of videos help you gauge each competition and how to best approach it.

It wasn’t until we had a business writing consultant come in to train us about how to write at the level of a Year 8 student that we realised the folly of our ways.

The demand for biopolymer is highest in North America. The US is driving majority of the demand for biopolymers in the world. The North American demand by volume for biopolymers in 2009 was nearly 45% of the global biopolymer demand.

The difference in my opinion is the two examples sited are made in addition to a purchased product or service. My offer was just FREE. Maybe I should have offered the Remodeler version for the regular price of $595 and thrown in the Consumer version Free.

On average it costs five times more to sell something to a new customer than it does to make a repeat sale to an existing customer. Your existing customers are Gold. You didn’t just install a new roof that will last for 30 years, you helped your customer protect their property and increase its value. What other things can you offer, or team up with somebody else to offer, that can satisfy the same desire?

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