âś… How to write a market analysis with templates
Whether you're starting a new business or improving existing business processes, you’ll need a detailed market analysis. Not having a proper assessment of your market will make it difficult, if not impossible, to achieve your business goals. On top of that, you'll end up leaving money, customers, and growth opportunities on the table–and your competitors will happily grasp them.
A market analysis tells you everything you need to know about your industry, competitors, and customers that directly affect the growth of your business. According to research by Think with Google, 40% of marketers leverage consumer research to make decisions. Getting it right with market analysis helps you make sound decisions, putting you a step ahead of your competitors. You can effectively reduce risk, identify emerging trends, spot potential threats and opportunities, and help project revenue.
Conducting a market analysis might appear daunting and complex. We've created this complete guide to discuss what a market analysis is, the components of a market analysis, and templates to help you create your own.
You don’t have to be a designer to create something great. With a template and an easy-to-use design tool like Visme, you can easily create marketing materials regardless of your level of design skills, regardless of your level of design skills. Get started with Visme now:
https://www.visme.co/templates/---
In this video, we’ll cover:
00:58 What is a market analysis
02:02 Benefits of a market analysis - make informed decisions
02:23 Stay up to date with emerging trends
02:39 Develop the right offerings for your market
03:10 Forecast potential revenue and future earnings
03:30 Gauge business performance
03:50 Components of a market analysis - Industry description and outlook
04:34 Market description
05:25 Market trends
06:42 Competitive analysis
09:26 Key success factors
10:09 Market projections
11:13 Environmental factors