Bestnes Ltd

Understanding market

founder @ Bestnes Ltd

Published on Oct 2, 2019




You candiscover market segments which one you prefer and start making moneyin that segments, but first you need to know if your particularmarket segment overcrowded or it is opportunity for you there.Usually you can get idea from your market segment price of theproduct. Study your competitors product or similar products to you.Calculate how much you will be spending on it and how much money youwill be making from it. Do it yourself, without taking data frominternet. Call and ask if you need, because you need correct price ofyour estimations. Think how much money you will be making during the1 year. Think if your product will be traded every day or particularseason. Think about who buy it, but not suggest. Look and checksimilar like products. Study them. A lot of mistakes made on thelaziness and therefore suggestions. Study how similar type ofbusinesses trade in different countries, because some sort ofdifferent successful strategies will be useful for you, especiallystudy about weaknesses, in order to prevent mistakes. Concentratemore on creating some sort of unique futures for your product,because it give you more higher price over others.









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