The importance of market research

I’ve told my friend many times to do some market research first before launching any new products for her company. She wouldnt listen and instead chose to launch something which her competitor launched a few months back. As it was something which nearly everyone already owned, naturally, her sales volume wasnt what she expected it o be.

If only she hady listened, then her business wouldnt have to suffer such a big loss. I guess she must be regretting the whole thing now. I hope she has learned from her mistake and hopefully, do her homework next time. Market research is very important for one’s business’ success.

This entry was posted on Tuesday, March 27th, 2007 at 11:25 pm and is filed under PTB. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Related posts you shouldn't miss

    Are you affected by the current economic conditions?
    The economy is getting worse and worse by the day. Just yesterday, i read that out CPI is at an all time high with a 7.7% increase for July alone.
  • Ingredients to avoid in baby food (5) - Pesticides
    I dont think i need to remind you that pesticides are cancer-causing agents. They generate toxins that affects your baby's nervous system and when consumed over a long period of
  • The Growth In The Organic And Healthy Food Market
    Organic produce is one of the fastest growing food retail sectors in the country. Health scares such as BSE and foot-and-mouth, plus fears of GM crops/food and synthetic dyes and ingredients
  • The importance of folate
    Folate supports red blood cell production and helps prevent anaemia. It's particularly important before and in the first weeks of pregnancy as it reduces the risk of neural tube defects,
  • Ever heard of Condor Options?
    I went to my friend's store this afternoon to pick up some baking items. I bought a small iron yesterday and would like to bake some cookies for my kids.
  • Internal Herbal Cleansing
    Herbal cleansing has become very popular in the world today and comes in many different forms. One can go to an alternative health clinic for advanced forms of herbal cleansing
  • Grapeseed Extract Kills Cancer Cells
    According to a report on BBC News Uk website, a recent US research indicates that an extract from grape seeds can destroy cancer cells whilst leaving normal cells alone. here's
  • Learn more about nutrition
    When i was young, i wasnt aware that what i eat can affect my health. We dont get to learn about the importance of nutrition in our education system. I
  • Would you like to give your bathroom a makeover?
    We went to look at a few show house after we picked our kid up from school this evening. It a nice place but i feel that it'll be better
  • Acne treatment advice
    Over the years, i found that the best acne treatment is to drink lots of water. Yes, flush out all the toxins within. Dont forget a good diet of lots

Leave a Reply

*
To prove you're a person (not a spam script), type the security word shown in the picture. Click on the picture to hear an audio file of the word.
Click to hear an audio file of the anti-spam word