A key to success is tailoring your business ventures to meet a predetermined
need in the market. If you are aware of a specific 'gap', ask yourself
the following questions about your product or service.
- What customer groups could be interested in this product?
- Is there a sufficient number of customers who would need and purchase
the product?
- How could you make this product accessible to customers?
- What is the most appropriate distribution channel?
- How does this product actually satisfy market need not being met
at present?
- Who are the competitors that offer related products?
- Would this product idea be distinguishable from similar available
goods?