The 2 Simple & Straightforward Methods for Market Sizing Your Business
When you’re considering a new venture, one of the first things you should do is determine whether there is a valuable market for it.
Imagine putting in months of hard work to realize that there are only 100 people in the U.S. who will potentially buy your product. Knowing this early on will enable you to make educated business decisions and decide what’s worth pursuing.
Discover the methods to calculate your market size and accurately measure your business’ revenue potential.
Market size refers to the total number of potential buyers for a product or service and the potential revenue reach based on that population size. Market sizing is the process of calculating these numbers to accurately measure your business’ growth potential.