How long should one study a market before moving in to start serving that market?

[Kera]

One of the rules of business is that one should not move in to serve a market they don't full understand. That means a particular market has to be studied in-depth to have a chance of success serving that market.

How long should one study a market before entering to sell in that market?

 

[kit_hung]

I will study the market for several months until understand trends of customers and major competitors. will satisfy myself with complete statistics.

 

[Kross]

I think I would do at least three months to study the market intensively if the market is not complex. I can study a complex market for 6 months intensively.

 

[Augusta]

I believe large projects should take a longer time, especially if one need comprehensive data from a large sample.

 

[eLdavis]

I personally don't think there is a specific time frame though, the most important thing is that you understand the market trends.

 

[Kross]

I personally don't think there is a specific time frame though, the most important thing is that you understand the market trends.

It actually takes time and intensity to study a market to have full understanding of the nuances and sentiments that work in that market.

 

[Trush Jodie]

No fixed time actually. Just make sure that you study everything that you need to determine your success in that kind of business.