Understand your market - Deepstash
Understand your market

Understand your market

Thorough market research is essential for understanding customer needs and industry trends. Raz emphasizes the importance of gathering insights about your target market to make informed decisions. For example, the founders of Stitch Fix used data and customer feedback to tailor their clothing subscription service, ensuring they met the specific preferences and needs of their clientele.

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Similar ideas to Understand your market

Market Research Is Crucial

Market research is an important tool for assessing industry landscapes and gathering customer insights, which can ultimately allow you to make more informed decisions for your business.

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Identify your target market

Identify your target market

Working out who your target customers are will help you to identify the stores which are most likely to want to stock or sell your product, as well as being able to tailor promotional materials and marketing approaches for that demographic group. 

Retailers will also prefer it if th...

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