Entrepreneur keeps eyes and ears open at consumers experience and future demands in this hope that someday any idea might hit their memory and they will proceed to produce the same and lead the market with monopoly and that’s because name & fame both will knock and come in life.
According to Entrepreneurs themselves they accept that their ideas always comes from scratch and hence they always moves around the junkyard and finds something that can give business after startup and proper nourishment over a time period.
Entrepreneur themselve do market research around their ideas
Yeah entrepreneur don’t takes risk or say they don’t have believe over others specially when it comes to product or service creation because it is the first thing any entrepreneur needs to cover the gap of that market and sometime it becomes confidential to.
See what they do to research the market
i). – Reviews other available products/services
First and easiest way to make something that can be sold in consumers market place is nothing but picking products and services randomly that matches the core idea even at single corner. And hence entrepreneur always reviews those related stuffs for making a living or something bigger to become world famous.
ii). – Organize surveys/poll
Now a days when everyone have access to technology and internet at amazing cheaper rate it’s really a easy way to know consumers mind regarding any product or service you are going to manufacture or provide simultaneously because it’s time when you can easily setup a plateform for getting survey or poll results online as well as offline without creating any mess.
iii). – Keep tracking consumers comments/complains
It’s a time when consumer became smart and government also promoting the campaigns to educate peoples regarding fraud or something similar, now a days just keep tracking peoples comment related to their experience of using any product or service providing by any company.
Sometimes people also mentions about what they were seeking from the company and what is not available anywhere in the market.
Putout your thoughts in comments below
Just share your words regarding this article and how you comes to know consumers demand in current market and also mention what are the ways you are making a living or creating something big enough being an entrepreneur or just a business minded like me.