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Marketresearch confirms or dispels dangerous assumptions and reveals intel that generates new ideas and makes marketing magical. What is MarketResearch? Marketresearch is the process of understanding the current state of the market in relation to a particular aspect of the business.
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It enables you to work in a way that fits the market needs, based on research. Some of the factors that you should consider to include in your competitoranalysis are: Product offering: What products and services do your competitors offer, and how do they compare to your own? Need a starting point?
Gaining valuable insights from industry leaders who have overcome growing pains and market challenges can help business owners avoid pitfalls that threaten the growth of many companies. However, traditional marketresearch tools often rely on publicly available databases, which can lead to generalized information from non-exclusive sources.
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