Research Part 2

* NAICS Codes.* What industry are you in?* This is publicly available information that anyone can use.* Motorcycle and bicycle manufacturing are a single industry under the NAICS codes.* What is your first step, macro research or the codes?* How big is your market?* Feasible, Marketable, Viable. * The code gives you the information on your industry.* I never should have said the word "code".* Don't spend any money until you can prove who your customer is.* Industry research from motorcycles to bicycles.* My first question is "How big is the market".* My first step is macro research.* The code is a super easy way to classify your industry.* Dr. Dracula.* There is no harm in getting an industry report.* There are first steps to decide if they should pursue their idea or not.* Look up industry keywords.* This is my 2 cents. Develop your research question and find out what industry you are in.* My first question to idea inventors is to ask them to self-assess.* You probably don't know about NAICS codes if you didn't go to business school.* If someone makes the exact thing you need buy it from them.* The codes are an easy way to find the industry you are in. * Know what industry you are in and define your research question.