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  

NBV

NBV Nottingham Urban Starting In Business Programme

5th July 2022
9:30am - 3:30pm

Location
Online

Book now

Case Studies

SGD 3D  

SGD 3D

SGD 3D are a Nottingham-based 3D printing company. After working with the D2N2 Capital Growth Fund they are now...

Read more

News

Fast Start Innovation Grants  

Fast Start Innovation Grants

Fast Start: Innovation grants are a new initiative from Innovate UK offering up to £50,000 to propel highly innovative ideas

Read more
Nottinghamshire company launches innovative travel bag crafted from recovered ocean waste.  

Nottinghamshire company launches innovative travel bag crafted from recovered ocean waste.

A Nottinghamshire entrepreneur has secured a Start-up Loan from First Enterprise through British Business Bank Start Up Loans Scheme

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.

Heather Bradford
Business Adviser
Image of Heather Bradford
I would like to book an appointment