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Conduct a Detailed Market Analysis

Need insights to make informed business decisions? This prompt helps you perform a comprehensive market analysis, giving you a clear picture of your industry landscape, customer needs, and competitive positioning.

Prompt:

"As a market research expert, analyze the market for [product/service] in [location]. My target customers are [describe demographics]. My main competitors are [list 2-3 competitors].

Please provide:

  1. Market size and growth potential
  2. Customer segmentation and needs
  3. Competitor strengths and weaknesses
  4. Potential market entry barriers
  5. Pricing trends
  6. Two emerging opportunities in this market

Additionally, suggest a unique selling proposition based on this analysis."

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Explanation:

This prompt generates a detailed market analysis report, covering market size, customer segmentation, competitor analysis, and emerging opportunities. It's designed to help you identify your market position and potential growth areas.

Tips:

  • Research your competitors before using the prompt for more accurate input.
  • Be specific about your target customer demographics and psychographics.
  • Use this prompt periodically to stay updated on market trends.

Example:

Input: "Fitness app in New York City, targeting busy professionals aged 25-40. Competitors: MyFitnessPal, Fitbit." 

Output: [Comprehensive market analysis provided, including customer segmentation, competitor strengths/weaknesses, and unique selling proposition suggestions]

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