How to know the demand of the market?

[Logan]

Hi everybody,

I am going to start a retail business, before starting a retail business I just want to know the demand of the market. I think in retail industry it’s important to have quite an intelligent look at market. I am looking for some tips which will help me in earning good amount of profit and ways which will help me to understand the need of market.

Thanks a lot for your future help!!

[steph]

Hi Logan,

did you have a look at the BT Business Insight website?

It has a wealth of articles and a blog offering advice and tips to new (and existing businesses).

Regards,

Steph

[bespokepicnicbo]

To know about the demand of the market you need to study the

market thoroughly. You can opt out some feedback forms or some promotional
schemes to know about the demand.

[crazzycat]

If i want to discover demand of something i usually consider with specialists or hire group of people for research, but in case you don't have a lot of money i advace you to rad some specialised journals or search in the internet

[kreedo]

i think you have to visit the market or concern to doffrent bsiness man. then you can get better help. but take a view in your investment.