On this website, we use our own and third-party cookies to improve your experience and our services. If you continue to browse, we consider that you accept its use. For further information, see our cookies' policy

Accept

The use of social networks to test ideas before trying to sell them (The New York Times)

When starting a business, some business men dedicate a lot of time to choose the company name, to design its logo, to print business cards or to improve the packaging even before knowing if they have a viable product or service. Nowadays, there is a better way: social media has become the best tool to research markets. 

Thanks to the social communication media – Twitter, Facebook, Google+… - companies, specially the little one which have less resources, have now the capability t determine what their clients want and how much they are willing to pay. Both companies and customers are now willing to share their experiences and express their opinions and points of view.

It is not necessary to go out of the way when analyzing the market before launching a new business idea. Thanks to the new technologies and the social networks, the world is in a continuous information exchange.  Consumers are now desirous to collaborate with companies and express what they want or need, and how much are they willing to pay for it. Why shouldn’t those companies take profit of this opportunity, reduce costs and assure a good reception of the new idea in the market?    

(Read the full news)