Zusammenfassung der Ressource
Market Projection for Small Businesses
- 1. Determine Market Size
- Markets are so
large
- Grow so fast
- Market is so
small
- Concentrated in a
local area
- To calculate the potential
consumption within the market
- calculating how many units
all their customers could
purchase in a given year
- 2. Determine Current Business
Relative to Potential Business
- To determining the amount
of remaining business
- Understanding how much
customers could actually
purchase within a given year.
- 3.Determine Current Market Share
- Involves dividing current
business by total market size.
- To determining market share
- There are several sources of
information that can be used.
- Trade magazines, industry or
market publications, the internet
itself and getting the information
directly from customers.