Good market research would have made you aware of the real picture at the right time, and maybe you would have been able to write a different future because of that.

Let market research be a permanent, ongoing part of your business strategy.

You don’t have to wait until you have a heart attack to understand the importance of a healthy lifestyle.

Without solid insights gained through market research, any kind of marketing you do islike throwing your pamphlets at Times Square and hoping somebody will pick them up,read them, become interested, and get the product. That happens… just not so often.

Break down your problem as much as you can, but don’t do it on the basis of your guesses. If you don’t know exactly what is wrong, use market research to break down your problem further and further until you reach the very point of your trouble.

There is no better tool to bring you closer to your competitors than market research. So, keep your friends close and your competitors even closer with the help of market research.

Market research gives you enough time to learn from your competitors’ mistakes, take inspiration from their strengths, and exploit their weaknesses.

If you have no idea whether the problem is with your product, price, or something else, then it’s a good idea to start with a little research. It’s going to help you understand what the main problem is, or why people are not buying more of your products.

All the data you have collected is of no use if you don’t know how to gain insights from it, how to make profitable decisions with the help of this, and how to put your data into action.