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How to do a market analysis in 6 steps
- 1. Research your industry.
- 2. Investigate the competitive landscape.
- 3. Identify market gaps.
- 4. Define your target market.
- 5. Identify barriers to entry.
- 6. Create a sales forecast.
www.coursera.org/articles/market-analysis- People also ask
Market Analysis: What It Is and How to Conduct One | Coursera
Learn how to assess your target market and the competitive landscape within a specific industry. Follow six steps to conduct your own market analysis, from researching your industry to creating a sales forecast. See more
Market analysis is a detailed assessment of your business’s target market and the competitive landscape within a specific industry. This analysis lets you project the success you can expect when you introduce your brand and its products to consumers within the … See more
Learning skills online can be a great way to build marketing and business acumen throughout your career path. For example, gain skills in … See more
This section covers six main steps of market analysis, including the purpose of each step and questions to guide your research and reflections. See more
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