gotomarket
Back to Starting, Research and Validation
Starting, Research and Validation

Market Research for Small Businesses

Market research has a reputation for being expensive, slow and academic. None of that is true for a small business. This eBook gives you a working method you can run in a week, with nothing more than a browser, a notebook and a willingness to read carefully and ask a few good questions.

Members ebook7 chapters 35 minute read
Chapter 2

Understanding Demand

How to tell whether enough people want what you sell, using free signals from search and social.


Demand is the first thing to check. If nobody wants what you sell, no amount of clever marketing will fix the business. If people want it but can't quite find what they need, you might have an opportunity. If people want it and there are already great options everywhere, you'll have to compete on something other than the offer itself.

The frustrating thing about demand is that it's invisible until you go looking for it. You can spend years assuming there's plenty of demand for your service because the people in your immediate circle keep saying nice things. They're polite. The market is honest. Search engines, social platforms and review sites are full of demand signals you can read for free, if you know what to look for.

This chapter teaches you to read those signals. By the end you'll know whether the demand for your product or service is growing, steady or shrinking, what the language around it sounds like and whether there's enough of it in your specific town or country to support what you're planning.

The full chapter shows you the four free demand signals, how to read them together and what to do when they disagree.

Members-only chapter

Become a member to read the full chapter

Members get the complete chapter, the step-by-step plan, the templates and the checklists. Cancel anytime.

Become a memberAlready a member? Log in