Startup Funding Espresso How To Perform Secondary Research
How To Perform Secondary Research Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Secondary research provides additional information about a market. Typically the information is free and accessible online.\xa0 This includes web searches, market reports, and industry news. This research is easier to perform since you don\u2019t have to reach out to people for interviews or surveys. It helps define overarching trends which may not be clear from customer interviews. It can inform your market research plan and help define what primary research may be needed. Here are some key steps to perform secondary research: Start with online searches using keywords around your product, industry, or problem to be solved. Capture key documents available such as market reports, industry studies, and articles discussing the problem. Build a list of competitors and research each one to learn more about their offering. Capture the results into a competitor map. Compare the information from multiple sources to gain a better understanding of the space. Analyze the data and draw conclusions from it such as current challenges the customer faces, and trends showing where the industry is headed. Make sure to verify the sources of the secondary data. \xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let\u2019s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0\xa0 For Feedback please contact info@tencapital.group\xa0\xa0\xa0 Please , share, and leave a review. Music courtesy of .