How can I conduct market research for pricing my product?
An example of an AI chatbot conversation about conducting market research for pricing.
How can I conduct market research for pricing my product?
To conduct market research for pricing, start by identifying your target market and competitors. What product are you pricing?
I'm pricing a new organic skincare line.
Great! Research your competitors' prices, gather customer feedback, and consider the costs of production. Have you analyzed your competitors?
Yes, but I'm unsure how to gather customer feedback effectively.
You can use surveys, focus groups, or social media polls to gather feedback. Would you like tips on creating effective surveys?
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