Do a Mini Market Survey Before Starting a Micro Business

submitted by CarolTopp on 01/07/15 1

microbusinessforteens.com Listen to Carol Topp, author of Micro Business for Teens series, and Rachel Coker, teenage author and micro business owner, explain how to do a mini market survey with friends, family, and people in your neighborhood or community. In the video, Carol explains why filling out a mini market survey is so important. She shows you that a mini market survey consists of the following questions: ~ What is the Need? ~ Would people buy my product or service? ~ When do people need my product or service? ~ What are people willing to pay for my product or service? Carol gives examples of students who have used her advice and completed a mini market survey. She explains one student who had an idea to complete video game levels for his friends and get paid for it. After completing a mini market survey, he realized they weren't willing to pay him more than .50 cents. So he decided to the scratch the idea. For more information about how to start your own micro business and how you can write out your very own business plan, check out Carol Topp's series of books, Micro Business For Teens, available at: MicroBusinessForTeens.com. If this video has helped you, share it with a friend using this link: youtu.be/uS9WtU-BIzs

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