Benefits of marketing research

[charlesprabhu]

1. Use to find Marketing Opportunities.
2. Get to know your Customer's Tastes.
3. Marketing Strategies and Plans.
4. Reduce Marketing Risks.
5. Calculate the Market Size.

[taxiongo]

Benefits of Market Research:
1. Maintain a Customer-Centric Approach
2. Connect With Your Audience More Effectively
3. Identify Opportunities for Growth
4. Reduce Risks by Testing Concepts
5. Make More Informed Decisions
6. Compete More Effectively
7. Stay on Top of Trends

[soleseriouss]

Market research is a must before you start any business/marketing for the business.

[AMITJAT]

5 key benefits of market research

It helps businesses strengthen their position.
It minimises any investment risk.
It identifies potential threats and opportunities.
It helps to discover your's and your competitor's strengths and weaknesses.
It facilitates strategic planning.
It helps in spotting emerging trends.