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Market Scope (Investigate new markets for existing products and services)

Use First Resource to scope out potential new markets for your existing products and services. We validate the need for your offering, and analyze the attractiveness of various markets based on their size and growth potential. We also explore competitive and substitute solutions, and examine relevant industry trends. Our objective perspective allows us to uncover the true realities of the marketplace, so you get an accurate basis for your strategic sales and marketing decisions.


Applications

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Investigating new markets for existing products and services

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Validating internal assumptions about potential secondary markets

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Providing guidance for marketing budgets, based on market realities

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Reassuring investors that revenue projections are based on market realities

Benefits

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Provides independent verification of the market assumptions in your business plan or business case

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Enables early "tweaking" of the go-to-market strategy if it does not appear that market acceptance will meet expectations

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Uncovers unknown or potential competitors, and substitutes that will affect the success of the offering

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Gauges the reaction of critical third parties such as channel members, trade press and industry analysts

Features

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Quantitative measurements of market size, growth and segmentation

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Qualitative understanding of market drivers and propensity and urgency to purchase

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Diffusion of innovation analysis, to estimate how quickly the product can move from early adopters to greater market penetration
 

 

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