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Market survey for business Market survey is studying an existing market for knowing customer’s needs and wants. Main objective of market survey is finding an opportunity for a business to work on a particular product. Market survey gives detail information about any product. This information is in the form of descriptive manner and with statistical data. For easy understanding there is need of formatting this data in standard forms like; tabular form, graphical representation, etc. It gives clear market’s scenario. When products are to be manufactured first time, a market survey is very important for forecasting demands of customer. Forecasting is a technique in which prediction of demand is to be calculated by referring existing data.   Market survey is helpful in development of existing product also. Any company’s development of product shows company’s efforts to enhance quality features of a product or service. Objectives of market survey: To study market To know

Top Business Idea 1. Online marketing: It is a method for promoting product or service using internet. It is also known as digital marketing, web marketing, internet marketing, etc.  There are vast benefits of online marketing comparing with traditional marketing because of following reasons:         We can reach many people at a time in any corner of world. ·          No need to visit possible customer zones physically. ·          More growth potential. ·          Have different methods to approach target market. ·          Control & optimization is possible. e.g. electronic products, clothing products, shoes, cosmetics, etc. are advertised and promoted using online marketing. Key lines: Social media is useful for online marketing. Build own websites and blogs digital marketing is possible. Communicate with different people sending mail, email marketing can target individual. Affiliate marketing gives commission on product purchase basis.

How to generate business idea? There are some requirements of business; first it is very important to go through these requirements. Anybody who wants to start a business he/she should think on product or service. As we know business can be done by manufacturing and selling a product and providing service to customers. So the type of business must be selected according to interest, knowledge, skills, availability of resources, finance etc. First step of business is to generate business idea. There are several ways to generate business idea. Business idea may come from market survey. A market survey is to be done for gathering information from market, wholesalers, dealers, retailers, customers etc. The information may be in descriptive form and some statistical data is also required for market study. Market survey gives us true data and information which helps in planning for business. Steps to start a business: Generate Business Idea: How t

Types of Industries There are various types of industries; according to field industries are categorized: Mechanical industry:  In this type of Industry, a machine and machine components are to be manufactured with the help of man, material, machine and methods. Mechanical engineers are majorly work on execute the all technical projects. Mechanical is a basic branch of engineering. e.g. casting industries, metal forming industries etc.  Automobile industry:  In this type of industry, all vehicles from bike to heavy vehicles are to be manufactured. In some small industries components of automobile are to be manufactured. Automobile as well as mechanical engineers play  important  role in performing technical tasks.  e.g. components of vehicle and vehicle manufacturing industry. Chemical industry:  All chemical related products and chemicals are to be manufactured. Chemical engineers are performing various manufacturing and related tasks. e.g. any chemical manufacturi