Market size, Competition, and Value proposition - Deepstash

Market size, Competition, and Value proposition

Market size: How large is the potential market for your new idea? Put otherwise, how many consumers may be interested? 

Competition: How saturated is the market for similar products? Too much competition can make it extremely difficult to succeed. However, identifying products that have been selling for a while without innovation or improvement could be worthwhile.

Value proposition: Does your new idea offer a benefit that consumers will want to pay for? Amazon reviews can help to identify the benefits that consumers are actively looking for.

6

44 reads

CURATED FROM

IDEAS CURATED BY

tammyki

Visual merchandiser

The idea is part of this collection:

How To Get Rich Naval - Every Episode

Learn more about entrepreneurship with this collection

Why happiness is the ultimate goal

The importance of creating value

How to create wealth in the modern era

Related collections

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates