Why Startups Need Market Research?

Startups require fast decision making whether for planning a new vertical, innovating a product/service, preparing market entry strategies, tracking their competition, or preparing business plans and pitch decks for seeking seed/venture capital. All these decisions need to be taken on the basis of reliable data to avoid pitfalls. The greatest mistake new entrepreneurs and startup founders make that they assume they have all the answers to their questions or reply only on publicly available data which ultimately proves to be a costly mistake both time and money-wise. Thus startups need to use Market research, which is the only tool that can meet their data requirements with reliable accuracy.

Startups also have limited budget to gain quality market data and intelligence, hence they need the best return on investment (ROI) from their research spending. Hence they can’t afford traditional market research services which take typically take 8-12 weeks to complete and cost tens of thousands of dollars.

MarketResearchReports.com helps startups gain strategic intelligence to solve business problems, enter new markets, offer market specific products/services, gain competitive edge and improve profitability by offering cost-effective syndicated research reports

What Startups Gain by Using Market Research?

Startups use market research:

• To get reliable market data which meets their research goals.
• To gain deep insights about target industry/market.
• To find answers to research problems which help in strategic decision making.
• To gain competitive intelligence.
• To understand new markets, products and services.
• To gain consumer insights and understand their preference etc.

How We Help Startups with Market Research?

• We hand-hold startups in identifying right research solutions (syndicated or custom) to meet their data needs.
• In case of custom research, we identify suitable research agency for your project.
• We use a state-of-the-art project management system so that your team, our team and research agency’s team can remain in real-time contact throughout the project life-cycle from start to delivery to post-delivery support stage.
• We work to make sure you get best possible research which helps you solve your research problems and take strategic decisions.
• Most importantly we understand startups have limited budgets for market research hence we help them achieve best possible ROI by offering cost effective and reliable market research reports and custom research solutions.

How we helped an animal genetics startup gain global competitive intelligence?

Client Background - The client is a farm animal biosciences company.

Research Problem - Gain competitive intelligence about major players in target industry and their product segments.

Industry and Target Geography - Biosciences/Genetics, Global

Custom Research Solution - We provided competitive data about the leading players in the target niche to assist the customer take strategic decisions.

How we helped an internet of things (IoT) startup identify market potential for their services in global logistics industry?

Client Background - The client is a Europe based internet of things (IoT) solution provider.

Research Problem - Identify market size, competitors, policy frameworks for entry into logistics industry for their internet of things (IoT) solution portfolio.

Industry and Target Geography - Internet of Things (IoT) and Logistics, Global

Custom Research Solution - We helped the customer assess the market size and gain competitive intelligence about the target market by providing them with full customized and In-depth data. This helped them take market entry decision and tweak their internet of things (IoT) offering for the target market.