How Do You Do Market Research For A Home-Based Business Idea?
The single most important part of starting a new home-based business is conducting market research to make sure that your business idea is viable and that your business can be sustained over the long term. Your market research will tell you if you need to change anything about how your business will operate before spending the money to officially start it up. Go to the Chamber of Commerce building in your area and speak with the representatives there about getting information on similar businesses in your area. Contact other people who have successfully run home based businesses, whether they are similar to yours or not, for tips and advice. Mail out flyers, do phone questionnaires, or conduct polls online to see how much local interest there is in the product or service you plan to sell. Join a business association that focuses on the product or service your home-based business will provide. Ask the other members about how they have advertised, what license or forms they needed, and h
