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Assessing business demand

  • 26-09-2010 9:42pm
    #1
    mawk
    Registered Users, Registered Users 2 Posts: 2,738 ✭✭✭


    hey there guys, Ive been thinking about a business for a while now and I like the idea. I think its something I could really plough into and give my all.

    but im not sure if the demand would match the startup costs or possibly even the insurance costs.
    I'd like to rent a decent space and assemble a well provisioned fabrication lab which I would open to students/artists/tinkerers at a fee.

    the tooling costs are naturally high but im not overly opposed to business loans, as long as there is payback at 'some' point.

    sooo:
    does anyone have any good idea as to gauge demand?


Comments

  • #2
    byrne0f56789
    Closed Accounts Posts: 201 ✭✭byrne0f56789


    The best way to gauge demand is to find out how many people are actively searching for your product or similar ones on search engines.

    Even if you do not intend on selling online this is a great way to get an estimate of demand fast.

    Use Google Keyword Tool and refine the search to the country you intend to sell to.


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