Benefiting from Market Research Insights

Benefiting from Market Research Insights

Market research is vital to your success as an innovative entrepreneur. Of all the reasons why new businesses struggle, 70% of businesses fail due to poor market research, but it doesn’t have to be that way. Market research can provide the insights you need for your business to succeed. PwC studies have confirmed that businesses using market research, for example to benchmark business performance and strategies, have achieved 69% faster growth and 45% greater productivity, over those that don’t.

Market research can help you make the best, most informed decisions to ensure a strong alignment for your product and market fit and ensure your prospective target consumer is looking forward to engaging in your business. When markets are changing, your insights will help you anticipate this so you can successfully transition to the next successful initiative.

  • Grow on a strong foundation. As knowledge is power, market research helps you gain a better perspective on your target market and community and position yourself for success, to help you provide the best solution in the best way.
  • Reduce your risk. One of the most common reasons for business failure is the lack of a product/market fit. Market research help you ensure you are providing the right solution to the right people at the right time and staying ahead of your competition to successfully engage and grow with your customers.
  • Gain opportunities. Discovering emerging trends can be foundational to your success. You need to see the opportunity to seize the opportunity. Market research can help you learn directly from your prospects how your business can be most helpful for them, and to grow your business. It can be a key component in your SWOT analysis, providing insights into your strengths, weaknesses, opportunities to grow, and to help you optimize any risks involved.
  • Benefit from data-driven strategies. While your own intuition and personal experience can provide key insights for your strategic initiatives, supplementing those with market research can help ensure that your success is empowered by market realities, and provide you the best opportunity to realize your goals.
  • Access reliable revenue projections. The market forecast from your research helps you anticipate areas of growth with the most solid foundation for your success.

Start Now with Your Complimentary Ei Resources Bundle — It’s Free

Bring your ideas to life with your Ei.Center.

  • Benefit from free resources to grow your business, customer engagement, and revenue.
  • Access solutions to shorten your sales cycles, and scale your business with marketing automation.
  • Grow your business with insights from your personal weekly executive report, showing you how your business is performing, the progress you are achieving, and opportunities to grow your business.

Access for Free

Discover More Ei.Center Insights

entrepreneurs innovation

Developing HR, Recruitment and Team Culture

Your company culture is a catalyst for better performance and your overall business success. It supports recruiting and retaining your team, better teamwork, more productivity, and a higher sense of satisfaction for everyone connected with your business.

Read More »

Growing Your Business and Sales

Gain insights and strategies to grow and scale your business to the next level, including attracting new leads, prospects, customers, and members; expanding your existing customer engagements and sales; establishing new distribution and revenue channels, and more.

Read More »

Developing Reputation Management

The reputation of your business is vital to your success. 89% of consumers read reviews before making a purchase. This is why one often hears that your brand is not what you say it is, rather your brand is what your customers say it is.

Read More »

Engaging with Digital Marketing

To best position your business for growth, it’s important to be where your customers are. Today, your customers are online: engaging in social media, staying informed in news sites and blogs, and searching online when they have a need. Your digital marketing puts you in those same channels, so your best prospects can discover your business, learn about your solution, and become your customers.

Read More »
entrepreneurs innovation

Growing Your Finances and Financial Systems

An understanding of your financial position is vital to the success of your business. Using financial software is an essential component of tracking your growth. Your financial systems help you protect and grow your wealth, and the success of your business.

Read More »

Grow Your Entrepreneurship and Innovation

Entrepreneurs Innovation

Entrepreneur Resources

If you’re ready to be in charge of your own destiny, this is the perfect time to consider starting your business. | Learn More

Entrepreneurs Innovation

Design and Development

We offer fast, reliable plans for every need – from a basic blog to high-powered site. Designer? Developer? We’ve got you covered too. | Learn More

Entrepreneurs Innovation

Marketing

Give your business the attention it deserves with promotional tools that attract visitors and keep them coming back. | Learn More