MANAGEMENT

Detailed explanation-1: -It helps you understand the real needs and expectations of the customer, which you can then utilize in your product development. It quantifies business knowledge that is essential for the growth and development of any organization.

Detailed explanation-2: -Product research gives your product its best chance of success. By finding out what customers want and adjusting your product accordingly, you gain a competitive edge in the marketplace. Product research also helps you develop goods that have a higher value and bring innovation to the market.

Detailed explanation-3: -Simple. You do the right research to help you identify your product’s competition, as well as to identify and understand your product’s users. Then, you build a “better” product than your competitors by understanding the problem better than they do. Research is integral to any successful product development process.

Detailed explanation-4: -Product research allows one to collect credible information concerning consumer preferences with regard to proposed offer. It makes it possible to get more familiar and better understand the needs of: decision-makers in the purchasing process, customers making purchases, end users.

Detailed explanation-5: -Amazon product research is the process of collecting, reviewing, and analyzing data around Amazon products to find high revenue, low competition, and low cost products to source and ship through retail and online arbitrage.