If you are trying to research your market for online business, things doesn’t change much. The marketing metrics, competition, demographics from offline real world doesn’t change much.

In order to be able to conduct a decent targeting and marketing campaign, you must first understand the fundamentals of finding out who they are. They only way to do this is to follow a specific guideline for you to follow. Check out the guideline below.

1. Your Objective to the Research

Explain in one paragraph why the research is being done, what you hope to learn and for what purpose the information that you attain may be used

2. Description of the Market

This should be general like one paragraph

Who is your Target Market(s)

• Why you chose this particular market
• Get a complete profile of your market (e.g., demographics, psychographics, behaviors)
• What benefits does your market seek (i.e., what points-of-pain or problems are being solved)
• What factors can affect their decision to purchase or use your product/service
• What attitudes do they have about the products/services that are currently not on the market
• How is the product used
• Products and Services that appeal to the target market
• In general terms, what is currently so appealing to this market
• If there are no current providers, what types of products/services may appeal to this market in the future (i.e., what is used now to solve the problem).