Conduct Market Research Analysis

What This Agent Does

• •Converts user input into a structured market research analysis for a specified product.
• •Evaluates key aspects such as market demand, customer base, competitive landscape, and profitability.
• •Provides a detailed report with conclusions and actionable recommendations for product development and marketing.

Tips

• •Utilize advanced data analytics tools to gather and analyze market data efficiently, ensuring your market demand analysis is based on the most current and comprehensive data available.
• •Engage with potential customers through surveys or focus groups to gain deeper insights into their needs and preferences, which will help refine your target customer identification and enhance the product's market fit.
• •Regularly update your competitive analysis to include emerging competitors and market shifts, ensuring your strategy remains relevant and your SWOT analysis accurately reflects the current market dynamics.

How To Use This Agent

• •Fill in the placeholders PRODUCT DESCRIPTION, TARGET MARKET, PRODUCTION COSTS, PRICING STRATEGY, DIRECT COMPETITORS, INDIRECT COMPETITORS, and MARKET TRENDS with specific details about your product and market. For example, describe your product's unique features, identify your primary and secondary target markets, list your estimated production costs, outline your intended pricing strategy, name your main competitors, and describe the current trends affecting your product's market.
• •Example: If your product is an eco-friendly water bottle, you might fill in the variables as follows: - PRODUCT DESCRIPTION: "Reusable, BPA-free water bottle made from recycled materials, featuring a built-in filtration system." - TARGET MARKET: "Health-conscious consumers aged 20-35 who are environmentally aware and participate in outdoor activities." - PRODUCTION COSTS: "$8 per unit" - PRICING STRATEGY: "Premium pricing at $25 per unit to reflect the high quality and eco-friendly materials." - DIRECT COMPETITORS: "Hydro Flask, Brita" - INDIRECT COMPETITORS: "Generic plastic water bottles, municipal tap water" - MARKET TRENDS: "Increasing demand for eco-friendly products, growing health awareness among young adults."

Example Input

#INFORMATION ABOUT ME:
• My product: Complete AI Bundle by Prompt Next AI, the biggest collection of easy-to-follow AI resources for busy entrepreneurs & small business owners.
• My target market: Small business owners, content creators, marketers, solopreneurs, entrepreneurs. Age: 24-55. Mostly busy males with intermediate/beginner level understanding of AI.
• Production costs: $5000 initial development cost, $200 monthly maintenance
• Expected pricing strategy: One-time purchase price of $299 with lifetime access
• Direct competitors: https://promptbase.com, https://www.aiprm.com/
• Indirect competitors: Freelance digital marketers, traditional marketing agencies
• Market trends relevant to the product: Increasing reliance on AI for business automation, growing demand for easy-to-use AI tools, expansion of AI in small business sectors