Salomi Asked: October 8, 20212021-10-08T10:42:53+05:30 2021-10-08T10:42:53+05:30In: BusinessIs it important to determine what customers want from a business before getting started? Why or why not?Is it important to determine what customers want from a business before getting started? Why or why not?businesscustomermarketing 1 AnswerVotedOldestRecent Weboptify 2021-10-08T10:52:38+05:30Added an answer on October 8, 2021 at 10:52 am People who start business ventures often have an idea of what they want to provide for customers, but many business owners do not engage in research that would lead them to determine whether or not customer needs are being met.It is important for business owners to take the time to conduct market analysis before setting out to create their product. They can determine what customer needs are through surveys, focus groups, word-of-mouth conversations with current customers and other methods, which can be done at minimal cost or no cost at all.Once business owners know what customer needs are, they will likely make more sales, save money through avoiding wasted resources on products no one wants and establish themselves as a business leader in their industry.Businesses do need to listen to what customers want and need, but business owners should also use their creativity and innovation to provide products and services that customers may not realize they needed.One of the most common errors business owners make is believing that just because they have a product or service that they think people desire, customers will buy it. Business owners must also be business leaders by offering innovative products and services in order for revenue to increase.In some cases business owners do know what customer needs are because there is a proven demand for their idea on a large scale. In other cases business owners know customer needs but choose to ignore them in favor of taking advantage of an opportunity based on current trends or desires from consumers.1Reply Share ShareShare on FacebookShare on TwitterShare on LinkedInShare on WhatsAppLeave an answerLeave an answerCancel reply Featured image Select file Browse Add a Video to describe the problem better. Video type YoutubeVimeoDailymotionFacebook Choose from here the video type. Video ID Put Video ID here: https://www.youtube.com/watch?v=sdUUx5FdySs Ex: "sdUUx5FdySs". Answer Anonymously Save my name, email, and website in this browser for the next time I comment. Related Questions Why is optimising customer touchpoints online beneficial for businesses? What You Need To Know Before Starting A Business? What is an example of how customers could engage with a business that would drive additional value for them over ... When determining what customers want from a business, which of the following options comes first: market research, business expansion and ... Why might business owners consider adding new products or services to their business model as time goes on? What business feedback is most helpful for business owners? What you need to know about the legal implications of running a business? 5 Traits of a Great Customer: What You Should Know About Potential Customers?