Whatever you need to know about the market

Now is time to collect some data since information is the pumping organ of your business. You should update your market date every time and most of the information or the statistics could be found over the internet. 

Geographical:
It is of paramount importance to know how people or companies are available in your city, country as well as on the global level. Collecting these numbers will provide your number of possible customers.

Gender: 
In designing of most services and products, gender plays a big role in the fact that the product’s color, shape, the type could change based on that.

Age Range:
Human beings have a special need that may differ depending on their age. So, are you offering services for the newborn babies in the hospital or do you possess any special tool or app for senior care? 

Sea depth

Income level of your customer and their need for your offer are critical factors for sale and marketing. So, you should estimate the income and wealth level of your target group as it allows you to learn more about the specific choices or outcomes based on the income level.

Where am I?

Upon deciphering the depth and size of your market, there are a number of things that you ought to know such as your place, having a brief estimation about your business as well as the target group. Generally, for the Critical (C) services there are many people who maybe are interested in this group. Everybody want first aid kits and firefighting capsule must be in each place. But as we go forward to the luxury products (L) the number of audiences is lower than in other parts.