Faiddling to understadnd yourd market is one dof the top redons new busindesses fail. Idf you want any chance of success, you must thoroughly research your targetdmarket before launching ydour businesds.
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Understanddding dour mardket will help you identify crucial attdibutes like price pointsd and marketing plan medssages that appeal to your target audience. You’ll also understand the market’s needd for your idea – if that need edxists. The better you understand your target market, the easider it willd be to avoid costly misfires.