In this video, we'll discuss the importance of market research before starting your business. Market research is crucial in determining the viability of a new product or service and helps you understand your target market and their needs. By conducting market research, you'll be able to discover who your customers are and what they want, who your competitors are, how they're meeting your customers' needs, and what you can offer that's better than your competitors. Skipping market research could result in a shotgun approach, where you try to please everyone and end up missing your target. Instead, you need to have a clear understanding of your customers and their needs to build a relationship with them and keep them coming back for your products or services. So, don't start your business without first doing market research, and join us in this informative video. ◽️◽️◽️◽️◽️◽️ Free Weekly Business Insights Sign up for my weekly newsletter where I share proven strategies to scale your business quickly and sustainably directly to your inbox. 👉 https://www.businesspinoy.com/newsletter ◽️◽️◽️◽️◽️◽️ 😊👌 Free Resources for Business Owners 👌😊 Is Your Business A Good Fit For You? A 5-Minute Validation Test 👉 https://www.businesspinoy.com/is-your-business-a-good-fit-for-you Are You Doing Business Right? Find out with this quick 5-minute check! 👉 https://www.businesspinoy.com/are-you-doing-business-right ⬇️ Check Out our Most Popular Videos ⬇️ Most Popular Videos https://www.youtube.com/playlist?list=PL0TMW9IjT1vY3hsvEK5WRkkOfaJNjYeUw How to Start a Business right? or Where to start in starting a business? https://www.youtube.com/playlist?list=PL0TMW9IjT1va1squ-_h3CyIibrSfqm3X_ What Business To Start? https://www.youtube.com/playlist?list=PL0TMW9IjT1vZ-yRf3Vm10uFVe88hSTolv No Money But I Want To Start A Business - Watch This! https://www.youtube.com/playlist?list=PL0TMW9IjT1vasQqHPqc463xhK0X3quAbS Starting a Business without Experience? https://www.youtube.com/playlist?list=PL0TMW9IjT1vZWevgzkCodtooChGE074ay Why Start a Business? https://www.youtube.com/playlist?list=PL0TMW9IjT1vbwUoBvvyJWiY6sw-1Mqw6N How to Market Your Business the Right Way? https://www.youtube.com/playlist?list=PL0TMW9IjT1vZe8U4Y4qcpPsXHJNkQ8xs9 How to Manage the Business Effectively? https://www.youtube.com/playlist?list=PL0TMW9IjT1vYwnAfucY9NS1BiQKOgmRYQ How Do I Grow My Business? https://www.youtube.com/playlist?list=PL0TMW9IjT1vb7V6m0gdghizSxdAiFEWHQ How to Manage Business Finances? https://www.youtube.com/playlist?list=PL0TMW9IjT1vYiJ6VNjICeJLKYytZFel03 ◽️◽️◽️◽️◽️◽️ I’m Myrna "Mommy N" Tam Natividad, founder of Business Pinoy. More content and info about our programs at https://lnk.bio/mommynegosyo If you liked this video, please show your support by giving it a thumbs up, subscribing to the channel, and hitting the notification bell. Don't forget to share it with your friends and family if you think they would find it helpful too. ◽️◽️◽️◽️◽️◽️ Connect on social: 📌 Facebook: https://www.facebook.com/StartYourOwnBusinessPinoy 📌 Facebook Group for Aspiring Business Owners: https://www.facebook.com/groups/purposedrivenbusinessbuilders/ 📌 Facebook Group for Business Owners: https://www.facebook.com/groups/GYBPMovement/ 📌Tiktok: https://www.tiktok.com/@mommynegosyo 📌 Instagram: https://www.instagram.com/mommynegosyo/ 📌 LinkedIn: https://www.linkedin.com/in/mommynegosyo 📌 Podcast (Spotify): https://spoti.fi/3LmkzDh Listen and Subscribe to the Podcast here: ⏯️ Apple - https://apple.co/3Lou84E ⏯️ Spotify - https://spoti.fi/3LmkzDh ⏯️ Google Podcasts - https://bit.ly/3eYGRyM ⏯️ Pod.link - https://pod.link/1644053616 Specialties include... How to Discover Your Business Calling, How to Start your Business, Getting rid of roadblocks in growing your Business, Personal Development ◽️◽️◽️◽️◽️◽️ Myrna “Mommy Negosyo” Tam-Natividad is the first-ever Female Entrepreneur of the Year Awardee of the Department of Trade and Industry in Zamboanga City for 2017 and the prime developer of Grow Your Business, Pinoy! Roadmap® (GYBP! Roadmap®). She was also chosen as one of the 100 Most Influential Filipinas in 2018 by the Global Association of Women called Filipina Women's Network based in the US. ◽️◽️◽️◽️◽️◽️ ►Copyright Disclaimer: We own commercial licenses for all the content used in this video and it was fully edited by us. #MommyNegosyo #businesstips #PinoyBusinessMentor