Information like buying patterns, competitor analysis, and market trends of your target market can be sought from the online database.ī) Surveys and questionnaires: Conduct surveys and questionnaires among potential target customers and competitors. However, one shall not blindly rely on the data without checks and balances to authenticate the reliability of the information. Listing few of those below :-Ī) Online Research:- Search engines and online database is one widely used options for gathering preliminary information. getting reliable information is the key to making correct decisions.ĭepending on the type of information one is looking for, there are various sources that can be used to obtain answers to the aforesaid questions. It is very obvious that obtaining answers to these questions can be a daunting task for anyone and it is not as easy task as it sounds.
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