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Today we're diving into the world of market research, a crucial step before launching any business.
Let's face it, you might have a fantastic idea, but if there's no market for it, it's a tough road ahead. Market research helps you understand the needs of your target audience, the competition, and the overall viability of your business.
But where do you even begin? Don't worry, I've got you covered. In this video the 5 key steps to conducting effective market research.
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Victor Gichun is the Creator and Host of The Contributors Channel, and a co-founder of Excess Logic, the #1 Nationwide Reverse Logistics Provider. Since 2012 Excess Logic has helped over 500 companies including Google, Meta, LG, and Hitachi remove excess test, measurement, lab, and R&D Equipment, computers, and electronics, networking gear, destroy data, and reclaim residual value. If you need to remove the surplus equipment and electronics and recoup maximum value visit https://excesslogic.com/
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Timing
00:00 How to Do Market Research Introduction
01:12 Market Research Step 1
02:16 Resources for Market Research Step 1
03:06 Market Research Step 2
03:36 Resources for Market Research Step 2
04:12 Market Research Step 3
04:39 Resources for Market Research Step 3
05:10 Market Research Step 4
05:40 Resources for Market Research Step 4
06:18 Market Research Step 5
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