Using trade data to validate market demand
Using trade data to validate market demand
Any new business is created by one question. Will people actually buy this.
Most businesses don’t fail because the product is bad, but because there was no true demand in the market. Hunches, assumptions, and guesswork usually result in bad decisions. This is where trade data comes in handy.
Export import data allows you to see what goods are already crossing international borders. It’s a look at what buyers are buying, how often they’re buying and from where. Rather than relying on guesswork to measure demand, you can see real activity. This blog demystifies how trade data can confirm market demand and is written in plain English with simple examples.
Most businesses don’t fail because the product is bad, but because there was no true demand in the market. Hunches, assumptions, and guesswork usually result in bad decisions. This is where trade data comes in handy.
Export import data allows you to see what goods are already crossing international borders. It’s a look at what buyers are buying, how often they’re buying and from where. Rather than relying on guesswork to measure demand, you can see real activity. This blog demystifies how trade data can confirm market demand and is written in plain English with simple examples.