Market and Sector Research

 

Market research helps you spot opportunities, reduce risks and make better decisions. How to find the information you need. The journey to get your product to market, it's easy to get carried away, but you must carry out thorough market research to check there's a market and your prices are realistic.

    Who will buy your product or service?

    How much are they willing to pay?

    Is this enough to make your business pay?

    Who else is doing what you plan to do in your area and how?

    What will be your Unique Selling Point (USP)?

This video explains how to carry out market research and the resources you can use.

Identify some potential customers and test your proposed product/service on them and get their feedback on usage and price. Find out more about potential competitors, their strengths and weaknesses - how do they market themselves, what is their pricing structure, etc?

 

Start-up Donut

Testing Business Ideas - To avoid starting a new business that's doomed to fail, you must test your business idea......
Read More >

Being Your Own Boss Programme

Everyone has the potential to run their own successful business, our Being Your Own Boss programme looks at the skills......
Read More >

Business Support Helpline

The National Business Support Helpline - Freephone: 0800 998 1098...
Read More >

Clowne Enterprise

Supporting local enterprise growth in Clowne by providing aspiring entrepreneurs with free coaching, advice and support....
Read More >

Events

NBV logo  

Starting in Business programme | Online

18th October 2021 @ 9:30am - 4:00pm
Online

Book now

Case Studies

STENCIL Creative  

STENCIL Creative

Learning, sharing and maximizing upon opportunities

Read more

News

DFT Funding For Low Carbon Transport Innovation  

DFT Funding For Low Carbon Transport Innovation

Transport Research and Innovation Grants 2021

Read more
The BAME Apprenticeship Awards  

The BAME Apprenticeship Awards

Learning Curve Group Celebrates a Night of Success at The BAME Apprenticeship Awards For Their Dedication To Inclusion, Equality and...

Read more

Book an Appointment with an Adviser

Your business is unique but the challenges you’ll face in business aren’t, we can help get you through them.

Our free and impartial support is delivered by experienced and expert business advisers, giving you the right advice at the right time for your business. 

Contact us today to access a wealth of support, events, business growth programmes and expert advice.

John O'Donnell
Business Finance Manager
Image of John O'Donnell
I would like to book an appointment