With reference to the U.S. market research of your Business Plan - Part III

After doing research on niche products, it's time to make some decisions in the business plan. These decisions will be here to support the U.S. research done by reference to the U.S. Business database and customer reference. Use these for your clients and the pursuit of competition. Talk to the library to see if they offer free access to this database.

Define your products and / or services

Brainstorm to decide which products (and / orServices) that you sell. Precise information on products (and / or services) and decide what makes the product unique in today's market. If you are unsure on how to sell a product or service to try working in this area for several months. This is your opportunity to see how this type of activity must be maintained. They also have the opportunity to ask questions, take notes on what you like and what you intend to do to improve your business!

Define yourCustomer

Here are some questions to ask when you define your customer base:

* Who are your customers?
* Where are they?
* How do you get?

The Customer Reference USA database will help customers in registering potential demographic.

Define your market

Choose your market using demographic Customer Reference USA as a valuable research tool. With reference to U.S. CustomerDatabase, you can use the following information on the market:

* The exact addresses and phone numbers of potential customers
* Average household income
* Average price home
* Percentage of home ownership

Using this data, you can decide what type of marketing is most effective for your clients.

Define your competition

* Do you have competitors?
* Where are they?
* What is your competitive strengthand weaknesses?

After answering these questions ready to sell and promote your strengths to plan for your company. By Business Reference USA, demographic, business information you can about the competition, which includes:

* Sales volume
* Credit Rating
* City
* Years in the reference database for U.S.
* Year
* Number of employees
* Business spending
* UCC and public records
* Report on Competition Policy
*Brands and products they sell

Reference USA is a valuable research tool for your business plan. It will help you define your niche, customers, competition, and market products and services. The best part is that it is free at your local library.

The fourth part of this series will focus on the use of corporate resources online. Many of these resources are available and provide information and advice to develop your business plan.