How to Do Market Research!

[@ChrisInvests]

Always do your own due diligence. No one cares about your money like you do 👍

[@ajmalrafi8761]

No one : Friend I haven't seen in 15 years : Do you want to be your own boss? Me : Is this a pyramid scheme? Friend : No, it's a triangular modelled business plan!

[@WorldWideWong]

yeah, it sounded like that kinda pitch at the beginning

[@FissureRaiOh]

No one: Ajmal Rafi:

[@PumaM90]

It's a mlm "business"

[@captaincool6268]

An inner light triangle

[@din6040]

"It's not a pyramid scheme it's a reverse funnel system!"

[@PureGold197]

I imagine that whenever they argue, they end their statements with "and that's my two cents" 😂

[@rhimil11]

Yea and then bang on a million dollars

[@MrNightpwner]

They don't argue, time is money. Low roi in fighting.

[@dota-ed4638]

I think they would each say that is my one cent

[@jefforta4989]

@@rhimil11 Like in the Wolf of wall street. Lol killed me

[@shahidnyker2900]

😂😂😂

[@ShiningSakura]

you should do a video on what banks do with your money while it is sitting there. My sister asked me this and I think my explanation confused her a bit, but if you did it; it might make more sense since you do explanations real well and with pictures.

[@TwoCentsPBS]

Well thank you! We'll add it to the list!

[@firdaisdianto2905]

I would love to know about it too

[@sagarsirsat2340]

Yes you should definitely make a video on how banks use customers money in a detail.

[@abrahammekonnen]

@@firdaisdianto2905 they essentially just loan it out. The amount of money that is loaned out is dependent on the bank's appetite of risk and the federal reserve's reserve ratio(bank's loaning money is actually the main way money is 'made' but that is the beginnings of another explanation)

[@maruthinandan4343]

Ever heard of fractional reserve lending ? Yeah they do that they keep a percentage of money in your account and loan out rest of your money or gamble in stock markets and if you urgently need money then they will just add numbers to your account or worst case just print extra cash and give it to you

[@jm745]

I teach marketing research. This is my whole class in seven minutes...

[@thamsanqandlovu8007]

Jeremy Morgan I’m a market researcher. I’m trying to create an online class and now I’m wondering if it’s even worth it

[@1lyxbollyvykn714]

@@thamsanqandlovu8007 sure it's worth it there are things that most of the time only professionals cover and those things usually aren't available on YT

[@arnbrandy]

@@thamsanqandlovu8007 I am not a reliable source but... My pain point is that most online content is just... content? Most content producers do not even care if their content works. If you have a real concern about the success of your customers, I bet you would have a great customer base. Of course, it should be expensive to do so take care.

[@KristoKorps]

@@thamsanqandlovu8007 I mean, there's a difference between applying the concepts and being familiar with it.

[@Fleurlean4]

Adam Victor Nazareth Brandizzi This is an insanely insightful comment.

[@BenFarahmand]

I've started a side business designing and selling board games. I recently finished my first kickstarter campaign. Kickstarter was one step in validating the idea to reduce my financial risk to manufacture my game. Along the way, I also went to conventions to better understand the type of person interested in my board game. Looking for industry conventions is a great way to do market research because competitors and customers are all in one place. :) Many times you can also ask competitors for advice and they're usually willing to help.

[@MarkWTK]

all the best to you man!!! 👍👍 Maybe you can make a youtube tutorial video in the future :)

[@beatificnationproductions3346]

Market research is finding out what variables make people want to buy YOUR game over the competitors. And executing the ones with statistical significance

[@crimsonite1524]

there truly is a mystery to how two cents keep their videos so short yet packed with information, if it were another channel this topic would be a whole series with 40 minutes per video

[@beatificnationproductions3346]

eli soopu yah this is the watered down version

[@Floridawaters]

Can you guys be my parents

[@TwoCentsPBS]

Lolz. We're taken. But we're happy to be honorary auntie & uncle!

[@unboxingstories]

Same lol

[@SadBoyFN]

I’ll be ur parents

[@alantomvettath]

And you guys are my legal adviser😊

[@rviprksh0707]

I want the same.

[@EfHaichDee]

You forgot the most important tactic of all. If you can't find a market for your product - create one. Just start using beard oil on your dog and posting images on social media working to get more followers. Once you get enough advertising in, people will start thinking they need beard oil for their dogs - that 4% can become 70%. Literally the story of almost every product we use today.

[@YogendraKalavalapalli]

I am a marketing and business development professional. And you guys have done a very good job explaining this to any small business owner. Good evolution from savings bucks to making bucks 🙌

[@PossumMedic]

I always wonder why professionals are watching these videos 😂

[@kazdro9176]

I clicked onto this video for the information. I wasn't expecting to actually enjoy the video. You both have presented it so well and in a way that's fun and easy to watch. Thank you!

[@justinmiller7398]

Some things just come together. Thinking about starting my own business and then this video happens. You two have taught me much, and given me many jump off points to consider. Thank you and I hope your trip went well.

[@Whatwhat3434]

I will almost never need this type of thing, but I *HAD* to click and support my favorite channel!

[@rea8585]

Two Cents saving our cents! Thanks 😊

[@abhijitmeti1611]

It's in dollars ...

[@indianpcgamer1787]

why the f**k does this channel having so less subscribers while they are providing all in one content and saving my time. great job!!

[@dejesusrussell]

My wife studied public administration. The concept of the needs assessment aligns perfectly with this video. Thank you!

[@Dutchtraordinary_Living]

This is a very high-quality explanation! Well-paced and covers the most prominent parts of market research. Thank you, My Two Cents!

[@WhiteBoardFinance]

*BUT I GOT A GREAT STOCK TIP IN THE LOCKER ROOM AT THE REC CENTER!!*

[@TwoCentsPBS]

Marko - WhiteBoard Finance lolllzzzz

[@Rediscovered.Wisdom]

Sure that wasen't the only tip you got in the locker room at the rec center. Jk, too good of a joke to pass by. YOLO swag.

[@13earz]

Where do I sign up to invest in Groomeo?

[@colihaaliman]

I kept hitting brick walls for the past year not knowing how to get this information. I have searched for about a year now and this video gave me exactly the info I needed! Thank you!. I was about to throw in the towel and I came across this!

[@MLO514]

What amazingly good content! 💯 Coming from being 28 and majored in Marketing at a well reputed business school, and I am AMAZED at how simply this topic was explained.... I actually learned things I didn't know or thought of in that way before ! haha Quality of production is also mindblowing 👏👏👏

[@paramitacdewi]

Your videos are very well done! I love how direct the explanation is, honest, and also love how you guys give examples of the things you teach

[@joshuamafelix]

Glad I'd found this channel♥️ One of the most enjoyable and best financial coaching channels. A 17-year old subscriber here!

[@CarlosRodriguez-dd4sb]

This video has been wandering around my suggestions for about a year now. Finally got around to viewing. I've been a Market Researcher for 20+ years - Got to say the video was pretty good.

[@misskaykayRSA]

Loved this video. I wanna work in market research… this has been so helpful in understanding how market research is done.

[@Crofflzron]

Thank you! Finally the voices are clearly distinguishable (for me at least :D) over the background music! :)

[@brandontea3815]

Key points for myself... just post here to share, not for all people. 0. Market research is important as it keep you away from falling into abyss of feces. 1. Research on the market size, growth rate, demographics, industry leaders and performance between competing products. 2. Analyszing competitors. On price, cost, risk. From Google (Ad or Trend), or Twitter or anywhere reliable. Primary and Secondary research is really needed, personal observations and experience may help too. 3. Market pain. A problem to be solve by your product! Yo, like Intel running hot, and Apple Silicon coming into place. Best to get from conversation, face-to-face (or just look at weakness of other products, critics). 4. Objective honestly. Reduce time wasted on feces and move on. Maybe turn it into methane to get free energy or sth.

[@ellahu1788]

Great video! Can you guys also do one episode regarding medical bill (deductible/allowable and copay)?

[@acninee]

Brilliant topic suggestion! and HSA vs FSA.

[@kellypettit4872]

LOVED THIS VIDEO! Perfect for my high school students.

[@simonsimonhc]

Wow! Getting on the top of my favorite Business channels for education

[@jc9140]

The best approach is the lean startup approach. Start selling a minimum viable product, even if it's a demo of your real product, and sell it to real customers outside your social circles. Less money and time wasted.

[@beatificnationproductions3346]

JC E for which business model? Many different products and services. One size doesn’t fit all! This can work with products

[@freshrosaparks2954]

Yeah but probem with that. You don't put enough intensity in your idea for truly testing it. You miss a lot of opportunity with this approach. For exemple today in ecommerce branding is very very important for differentiating yourself but if you do MVP you can't have a branding so you don't differenciate yourself from others. So why people want to buy from you ??

[@byerohlaw9964]

I watched the video, loved it (esp how it infused humour), and I've hit the subscribe button aggressively! Thank you for creating an educative, easy-to-understand, and SHORT video. Kudos to the team! *Heads to your channel to watch more videos.*

[@Kenneth101100]

Thank you for making stuff simplified and is to understand especially for the young folks

[@kalanajasenthuliyana]

Thanks guys. I really needed this info. Btw I cant stop smiling thinking you're standing on that box. Merry Christmas to you two and your team.

[@lailaalfaddil7389]

The most important thing that should be on everyone's mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.

[@AnjaLSL]

My experience: Me: Boss, we should do a market research first before we launch this product. Boss: And waste two weeks? I have a good feeling. Just do it. If it sinks, it sinks. If it sails, it sails. Me thinking: #&! I went to college for this... Awesome video. Love your channel. 💗 Went to high school for 3 years and they never even taught us how to fill out our tax papers. This should be on everyone's curriculum.

[@ahhhhhhhhhhhh6742]

Good luck to everyone who try to build a start up! 👌

[@jodynurcahyadi4523]

wow, you guys just help me out.. all of this is more easy to understand now. Thanks a lot

[@BusinessBasics]

I find that primary research, while more time consuming, is more targeted towards your specific research needs. A simple conversation or online survey can help to reveal customer insights.

[@niharikarajput1534]

This is the most amazing video which actually teaches how to do market research, we are soon going to do it and the best idea of finding customer pains through amazon is the most amazing one never thought of it. Continue to make quality content in future too.All the best

[@MarioRobles93]

This video solved so many questions I had and answered many more I didn't even knew I had!!

[@jj-bu6yb]

Sending love from Italy! You actually my fav channel! I love they you explain guys!

[@carteldemajil6113]

First video from this channel and I subscribed within the first 20 seconds! Very good work.

[@laioren]

You two are awesome! I love your videos and how they connect the conceptual with the practical!

[@brentsievers3293]

Best channel on youtube. Fight me

[@TwoCentsPBS]

Brent Sievers we certainly won’t! ;)

[@tjijendaurbanus2735]

Two cents thanks for this 🙌

[@ElliotBrownJingles]

This is an outstanding video! I felt like I was back in the 50's. I feel cleaner for having watched.

[@bigtex68]

I'm trying to figure out if my idea for a small business will work. Y'alls video help me so much! Thank you!

[@starlantzer]

I did an audience research methods class for college. I didn't think I would use it but my non-profit job at the time after college needed it. So one othet bit of advice in that is utilize Nelson data. They have a lot of pay options but some free demographic data that tells you the types of people in a zip code.

[@sensei.kazuki]

I finally found my parents teaching me a good idea on how things works.. amazing..

[@faizanmostafa491]

Thanks for teaching things nobody learns in school.

[@RandyLy]

Can you guys go over how to analyze an income statement, cash flow, and/or balance sheet for a business?

[@tanmay1306]

You guys are some genuine teachers!

[@ken_yap]

Two Cents, what are the best books I can read to understand more about conducting effective market research? "Lean Startup"?

[@beatificnationproductions3346]

Ken Yap a market research textbook written by a top university professor.

[@WorldWideWong]

Could you do a video on MLMs? There are people who still don't know the risks involved.

[@rawvid9065]

The word risk does not belong with MLMs. There is no risk involved in MLMs. The word risk implies there is a small probability of success , which of course is a lie in the case of MLMs

[@rushabhshah8552]

There's already one on scam or fraud something. Find it in their profile.

[@lordanjucero]

World Wide Wong kzbin.info/www/bejne/i2Ksp315ocakhKs

[@WorldWideWong]

@@lordanjucero yeah, that was covered briefly in that video

[@chicks_before_dicks]

@@rawvid9065 found the hun

[@vutieu3229]

i really like the humor of the two of you when you present something like this, it makes me interesting and relaxing as well as studying new things from your video. I hope both of you can make more videos in the nearest future. All the best to you

[@FiftyLibros]

This is one of the most useful videos I've ever seen. Thanks from Spain!

[@bellumxyz1421]

This is actually extremely helpful. Thanks a lot

[@bakernicholas123]

I love these two SOOOOo much!!

[@coreyross1080]

When it comes to creating a business there are many analytics and strategies that comes along with building proper income, first off you have to have a product of interest let's say the most popular homecare item would be say your pet animal in which its all over the place and sheds hair from the living room to the kitchen like there's no tomorrow. So, since this product is going to be based off your love interest for this pet along with the pet and kennels value, your decision is going to be decided by the market value of the kennel. So you begin to strategize what type of kennel would not only fulfill the pets value along with space, commodity, and proper ventilation and a smart device in which activates this product which is the knnel. Possibly your decision could be influenced by the amount of money spent, the style of the product and also the way it makes your pet feels. Therefore, your research is going to be based off of clear and concise ratings that gives this product a good outlook than the amount of complaints filed about the product. Determining the size of the kennel lets say the kennel actually is a great fit for a boxer. Part of your strategic process would be to come up with a pre-development plan about making decisions based off of the products quality over quantity since there's only one pet in your household.... The end!

[@mentonerodominicano]

Wherever you guys are, I'd love to give you a wine bottle. Lovely videos.

[@iamacat9400]

got assignment to do for tomorrow and i am just starting wish me luck guys.

[@mrshootinputin7251]

You guys up there with Alux, and Rich Dad channel as my favorite finace channels.

[@TwoCentsPBS]

Mrshootinputin aww thanks so much!

[@sunnyeid]

You guys deserves more views!! So informative and helpful! ❤️❤️

[@TwoCentsPBS]

awwww thanks so much!!

[@jackfarah7494]

you two. I love. Great video and amazing personalities! I love it

[@Quantum789]

I love this... I always find myself terrible at being entrepreneurial or having ideas but if I do this is a great template to get the process going.. you guys are great!

[@JoaoSilva22222]

Now this channel is going places

[@tasnimsarker4653]

Wow, great explanation. I just loved this market research. I have read business books but my comcept is more clear now by this video.

[@luisarce6234]

You should do a video on frequency of dog grooming. Because $84 is like one or two washes the whole year if you're going to buy the soap and do this stuff at home it's going to cost you more than $84 a year. I guess it's report really shows that not too many people should own their dog since they can't really take care of them efficiently

[@Indy4Cookie]

Thanks for not giving annoying entrepreneurship advice. There's enough of that on the YT. This is just good biz info.

[@Performak_YT]

One of the videos I enjoyed the most and I find more useful!

[@justbaggish]

6:17 just taught me a new research data I can use. Thanks!

[@ya55er4008]

one of the best and valuables videos on this channel

[@ernestinaagbeko9330]

Good teaching ...... I need a market research topic for existing clients

[@HoseainHoseaini-qq5ui]

Exactly what I wanted! TNX❤

[@pradipbhume6098]

Really helpful video. Thank you guys!

[@wing3789]

Thanks for making this! Always thought about primary research but some of those examples are great ideas that didn't occur to me before

[@ob6453]

I really appreciated this information, basic and insightful. Has anyone seen any changes to research methods or tools since the pandemic?

[@onemorething9911]

a general Idea of market research That's exactly what I was looking for

[@richkingdaverichking331]

I love your approach!!!awesome video. I just subscribed.

[@prhasn]

I am an experienced researcher, but this still helped me a lot.

[@Iamkeramone]

A great and informative video that doesn't bore me into a coffin. Love you guys.

[@WolfKelley1]

Love this channel already. Thanks!

[@radcliffesaddler4047]

User experience design is a skill I think pairs well with market research. Understanding what the people want is essential to creating an effective solution.

[@RylandHatter]

Finally, Finance Ryan Gosling ❤

[@markostojiljkovic7100]

This channel is gold!

[@braconion]

If youre starting a business you need to rely on market research cause if youre not interested with the product in the first place you wont buy it. The way around it is not marketing research but marketing it self with enough resources you can market your product to make people believe its good and they need it even if they dont big brands sell their names and trust after some point. And lets say you have an online shop you can lure people with good deals doesnt matter if you earn money off of it when they get in to your shop youll show them even better deals on products they dont really know about since they got here by your amazing prices on the items they look for they build up a sort of trust they think you actually do offer really good deals and they should get a piece of that its even better if its limited time or supply they will feel obligated to get piece of it but actually those extra deals will be your main income generator. Another good business plan we see around is make good viable product they will buy it and they will want extras accesoaries etc. thats where youll profit the most :)

[@SeanLei]

When starting a business, be better or be different. The latter is much more noticeable!

[@seanlhexterbalanquit2586]

i love you guys! thank you for helping out our class research

[@sagemulkey9890]

This was an absolutely phenomenal video!

[@RangerRuby]

Always do your research when it comes to your money and where it's going! Better be safe than sorry!

[@shadybabyfloat]

Amazing Explanations in best way - Thanks dudes - Stay Blessed

[@chagansingh2916]

Your teaching way is great and enjoying Thanks

[@troubledsole9104]

I came here first because I know you won't try to sell me something that I don't want and I value your input.

[@alexanderberry3199]

I wish I saw this sooner, I think I could save myself alot of money and headache and think twice about my dog soap business 😅

[@DekarNL]

That Shark tank cut was funny. My 2 cents: buy Globally diversified low cost etfs or index funds if you want to invest money.

[@1231mn]

As a B2B Marketer, you would be sunrise at how many companies skip Primary and deep research. Reason why most campaign fail is due to poor research.

[@isntlifebetter]

This is good! The comments section perfect! Never thought about that?

[@christiangab1227]

Thank you for sharing such a helpful tips in doing market research you are truly awesome and wonderful ^^

[@VKDiaries]

You guys should have your own show on TV. Lol. Loved the video. Thanks