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Tips for Determining Market Size for Your Water Selling Business

When writing a plan for your water selling business, it will be very necessary to determine the size of the market that you expect to serve once you get into the industry. This is why marketing research is necessary. But how do you determine your market size? Well, we are going to look at this in this article. Meanwhile, you could click at www.lovecustombottles.com/brands-water-bottles/custom-contigo-water-bottles.html to find some of the water bottles you could consider buying to carry water around.

You should first define your target customer so that you do not waste your money trying to attract any type of customers. With this, you will be able to have a focus for your business. You will then need to understand the needs of your target customers so that you can know exactly what they need in your product and what they are lacking.

Similarly, you should get as much information as possible about your target customers. Get to know their age, gender, education level, their income distribution, the number of children in the families and any other information that may be relevant in helping you make a decision. You will need to collect this data, make your estimates and then use these estimates top determine the market size you expect to serve.