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Market: the Need of the Customer
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What specific problem or need do customer have?
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Why is the problem important? For whom?
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Who, specifically is the customer?
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How do we know the market exists?
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What independent evidence can you cite, such as independent market research?
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How large is the specific (narrowly defined in units) market for your product?
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What is the expected growth of this market (in units)?
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Are the market size estimates realistic?
For industrial product companies....
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What 2-3 industries comprise the most important prospects in years 1 through 5.
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What are the job titles of the buyers (decision-makers) in these prospects?
For consumer product companies....
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What are the demographics of the 2-3 most important consumer segments in years 1 through 5?
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