The benefits of market awareness for public and private ventures otcbb
What are the benefits of market awareness? By Positive RevolutionBefore thinking of what could be the benefits of market awareness you must first understand what it is.Market awareness is the clear and proper understanding of a given market. By this we mean anyinvestor who wishes to venture in any market must have a lot of knowledge about the market. Itinvolves the clear understanding of what need exists in a market. It answers the question “what are thecustomer’s needs.” It also entails knowing the market trends, market size,market share, the benchmarksand standards in the market not forgetting the market expected changes in future. By having a clearunderstanding of the market before venturing in it you can be certain of coming up with the rightproduct or services. It is only when you are aware of the market that you can be able to know theproducts or services the customers need. Market awareness therefore contributes a lot to the success ofany business. Many are times when business fail even before they get started as a result of coming upwith a product that is not required. It is therefore recommended that great research be done by anyonewho wants to enter into the market so as to get what customers do require. Market awareness also helpsin identifying the size of the market.It is only with this information that one can be able to satisfy the market needs. By knowing the size ofthe market one will only produce and supply the correct quantity of whatever product you are offering.This means that there exist no chances of having shortage or surplus of your product in the market.Market awareness helps the business know who its customers are. This information is very relevant asit helps in making a number of other decisions. For example you need to know the age group of yourcustomers in order to know the kind of marketing to do on your product. By knowing the age of yourpotential customers you will be able to decide the media of advertisement to use and even the best timeto put an advert .It is only through market awareness that a new person can determine the variousmarket trends.These are the various ways in which a market responds to a given aspect. You need to know thisinformation so as to make the right decision on the same. For instance if you know the time in whichthe sales of a product is likely to be high you may decide to increase your product to take advantage ofthe increased demand. Anyone in business must know who his/her competitor is, how he operates andhow best to beat him/her. For one to remain competitive in the market he/she must ensure betterproducts quality and quantity, better and affordable prices not forgetting better channels of distributionas compared to those of the competitor. It is for the same reason that market awareness is advised helpidentify and study your competitor. Market awareness contributes greatly to proper businesspositioning. It should be noted that for any business to succeed it must be set up in the right locationwhere it best serves its customers. This will ensure more customers satisfaction and even winning theirgood will.Market awareness should not only be seen as requirement for new businesses only. All the businessesmust be aware of the market all the time as customers need keeps on changing. It is thereforerecommended that continuous market survey be done to always get new customers and even maintainthe existing ones.Positive Revolution is a group of industry professionals with the unique ability to successfully driveinvestor and consumer traffic. Positive Revolution provides expert business growth and marketingconsulting for businesses interested using online media channels to increase their sales and shareholderbases. Positive Revolution accomplishes these goals by utilizing technology and inexpensive labor tobuild markets quickly without breaking the bank. We are located in San Diego, CA.
We are engaged in business acceleration and proprietary marketing strategies to major corporationswithin diverse industries. Our Marketing Process and Technology are unmatched in the industry. Oursystem is a process-centered, technology-enabled, performance-driven solution executed by our in-house editors, SEO specialists, project managers and engineers. All of these team members work intandem with experts who possess particular technical industry experience.Our consulting practice is built on trust, proven success, long-term relationships and referrals. We onlyselect clients we know we can help succeed, and we guarantee your complete satisfaction with ourservices. With Positive Revolution, every one of our clients has the advantage of working directly witha senior consultant, not second string assistants and support staff. The ability to get results quickly isthe key to our success.Positive Revolution can market anything you can imagine. Success comes from our initial investmentinto our clients program and hard work. Developers of proprietary software managing a staff of 150outsourced online marketing experts used in a process to pop a market within 45 days. Online strategistusing positive content to drive investor and consumer traffic.Alan ArmstrongPositive Revolution IncSan Diego, CA888email@example.com