A Step-by-Step Guide to Market Assessment

December 06, 2023

Before making any decisions about expansion, it’s important to conduct a market analysis, a business potential assessment, and develop a business plan for expansion. How to Do Market Assessment with the Goal of ExpansionConducting a foreign market assessment on a step-by-step basis ensures you leave no stone unturned. You can also use Semrush’s Market Explorer to view regional traffic trends in your market with the Market Geo Distribution widget. Benchmark performance against competitors and track trendsNo matter the depth and quality of your preliminary market research, tracking market shifts and emerging trends before, during, and after your market expansion is key. Organize Your Market Assessment Data, Generate Market Insights, and Develop a PlanExpanding into a new market requires plenty of research.

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