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Finding unfulfilled market needs and filling them...at a profit, is what they say 'marketing' is all about. In order to do this you have to make sure you have a real need, problem or 'pain' that people want to get rid of...fast. Certainly this was the case with Ian Campbell, a 30+year veteran of rendering independent business valuation opinions. In fact, he wrote the definitive books on it.
He managed his own investment portfolio; he was tired of having to wade through the data overload and the interminable hours it took. He knew there had to be a better way to do this.
So he conducted independent market research with qualified investors located in both the U.S. and Canada. He wanted to see if they had the same problems, perceptions, and need for a solution to this data quagmire and the time-consuming task of trying to manage or have input into the management of one's own portfolio. Moreover, Campbell was also concerned about the data the average investor doesn't get to see when making his/her own investment decisions. He obtained the help of a long-time market researcher to help him drill down to discover the real answers to his concerns. By asking 'open-ended' questions, he was able to elicit responses and suggestions for his concept. 'Responses that he would never have anticipated.
The proprietary research corroborated his earlier hypothesis: he reckoned that if he summarized the most pertinent data, the same way a company acquirer might do, this might lead to efficiencies and most importantly, the 'accuracy' of the data...just as if you were buying the company. During the research, he kept hearing two other words: 'independence' and 'transparent'. Survey respondents - potential members for his site - told him emphatically, that they would not trust a site where companies listed there had paid to be included in the data. They also wanted the site to be clearly transparent, holding nothing back. Additionally, he also learned that the site had to be independent of any outside influences. The need to be completely independent and obligated to no one was cemented, right at the beginning. Finally, the site had to be unbiased; it must not make a recommendation as to what or when to buy....or sell. Those decisions are up to the individual member.
The research indicated these were the 'hot buttons' for the individual investors, their advisers, and analysts who were looking for a stock research site they could trust. Campbell then built the special web site providing only the information required to make independent, informed decisions.
It has taken Ian Campbell nearly a year to organize his own initial observations, conduct research, lay out a marketing and web site plan; to build the site according to what the market has told him it wants and the gaps he discovered himself. Today, the proof is in the pudding.
©Copyright, Roy MacNaughton, 2007
To learn more, go to: http://www.stockresearchdd.com
Roy MacNaughton is a business writer and coach. He's a seasoned marketer, with more than 25 years of international experience, including eight years online. His specialty is finding investment "niches" that can be exploited and/or added to his own portfolio.
Check his blog at: http://www.UmarketingU.com
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Becoming a property tycoon remains an unreachable dream for many. However, it is not as unachievable as you think it to be. One of the strategies that many property tycoons often resort to is using other people's money to finance their property investments. This article will provide concrete means of accomplishing the tasks that pave the way to becoming the next property tycoon. - The Two Faces of Buy to Let Mortgage Borrowers (Parmdeep Vadesha)
Buy to let in the current market conditions is deemed as unprofitable by some. However, sophisticated property investors may find the present property climate a profitable setting. This is because of the abundance of cheap properties brought about by the credit crunch. But if you are on the unfortunate side of the buy to let arena and you are finding yourself in a quagmire, there is still a solution you can count on.
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