--- name: market-research description: Research markets, competitors, and audiences using web data and structured synthesis. Use when entering new markets, validating ideas, or analyzing competitive landscapes. allowed-tools: Read Write Edit Grep Glob WebSearch WebFetch disable-model-invocation: true --- # Market Research Skill A comprehensive market research methodology that leverages web search to gather real market data, analyze competitors, and synthesize actionable insights. ## When to Use - Researching a new market or industry - Analyzing competitors before product launch - Understanding target audience demographics and behaviors - Identifying market opportunities and gaps - Assessing risks before market entry - Validating business ideas or product concepts ## Research Framework ### Phase 1: Market Overview Gather high-level market intelligence: **Market Size & Growth:** - [ ] Total addressable market (TAM) - [ ] Serviceable addressable market (SAM) - [ ] Market growth rate (CAGR) - [ ] Key market segments **Industry Trends:** - [ ] Recent industry developments - [ ] Emerging technologies - [ ] Regulatory changes - [ ] Economic factors **Data Sources:** - Industry reports (Statista, IBISWorld, Grand View Research) - News articles and press releases - Government statistics - Trade publications ### Phase 2: Target Audience Analysis Profile the ideal customer: | Factor | Analysis Points | |--------|-----------------| | Demographics | Age, location, income, education, occupation | | Psychographics | Values, interests, lifestyle, attitudes | | Needs | Pain points, desires, unmet needs | | Behaviors | Purchase patterns, channels, decision factors | | Segments | High-potential customer groups | **Research Methods:** - [ ] Search for industry consumer studies - [ ] Analyze social media discussions - [ ] Review competitor customer bases - [ ] Identify buying triggers and barriers ### Phase 3: Competitor Landscape Map the competitive environment: **Competitor Identification:** - Direct competitors (same product/market) - Indirect competitors (different approach, same need) - Potential entrants (adjacent markets) **Analysis Framework:** | Competitor | Market Position | Strengths | Weaknesses | Recent Moves | |------------|-----------------|-----------|------------|--------------| | [Name] | [Leader/Challenger/Niche] | [List] | [List] | [News] | **Key Questions:** - [ ] Who are the market leaders and why? - [ ] What are common positioning strategies? - [ ] What gaps exist in competitor offerings? - [ ] How are competitors differentiating? - [ ] What is the pricing landscape? ### Phase 4: Market Opportunities Identify strategic opportunities: **Gap Analysis:** - Underserved customer segments - Unmet needs in current solutions - Geographic expansion potential - Product/service innovation areas **Opportunity Evaluation:** | Opportunity | Market Size | Competition | Feasibility | Priority | |-------------|-------------|-------------|-------------|----------| | [Opp 1] | High/Med/Low | High/Med/Low | High/Med/Low | 1-5 | **Differentiation Strategies:** - [ ] Price positioning - [ ] Feature differentiation - [ ] Customer experience - [ ] Brand positioning - [ ] Distribution channels ### Phase 5: Risks & Challenges Assess potential obstacles: **Risk Categories:** | Category | Risk Factors | Impact | Likelihood | |----------|--------------|--------|------------| | Regulatory | Compliance requirements, licensing | High/Med/Low | High/Med/Low | | Technological | Disruption, obsolescence | High/Med/Low | High/Med/Low | | Market | Saturation, demand changes | High/Med/Low | High/Med/Low | | Competitive | New entrants, price wars | High/Med/Low | High/Med/Low | | Economic | Recession, inflation | High/Med/Low | High/Med/Low | **Mitigation Considerations:** - [ ] Barriers to entry - [ ] Capital requirements - [ ] Switching costs for customers - [ ] Supplier dependencies - [ ] Macroeconomic sensitivity ## Output Format ### Market Research Report ```markdown ## Market Research Report **Topic:** [Product/Industry/Market] **Target Market:** [If specified] **Date:** [Research date] ### Executive Summary [3-5 sentence overview of key findings, major opportunities, and critical risks] ### Market Overview | Metric | Value | Source | |--------|-------|--------| | Market Size | $X billion | [source] | | Growth Rate | X% CAGR | [source] | | Key Trend | [trend] | [source] | **Industry Context:** [2-3 paragraphs on market dynamics, recent developments, and trajectory] ### Target Audience **Primary Segment:** - Demographics: [description] - Psychographics: [description] - Key Needs: [list] - Buying Behavior: [patterns] **Secondary Segments:** [Additional segments with potential] ### Competitive Landscape | Competitor | Position | Strengths | Weaknesses | |------------|----------|-----------|------------| | [Leader 1] | Market Leader | [strengths] | [weaknesses] | | [Challenger 1] | Challenger | [strengths] | [weaknesses] | | [Niche 1] | Niche Player | [strengths] | [weaknesses] | **Competitive Insights:** [Key observations about competitive dynamics] ### Market Opportunities 1. **[Opportunity 1]** - [Description and rationale] 2. **[Opportunity 2]** - [Description and rationale] 3. **[Opportunity 3]** - [Description and rationale] **Recommended Focus:** [Primary opportunity with justification] ### Risks & Challenges | Risk | Impact | Likelihood | Mitigation | |------|--------|------------|------------| | [Risk 1] | High/Med/Low | High/Med/Low | [approach] | | [Risk 2] | High/Med/Low | High/Med/Low | [approach] | ### Data Sources - [Source 1 with URL] - [Source 2 with URL] - [Source 3 with URL] ### Recommended Next Steps - [ ] [Action item 1] - [ ] [Action item 2] - [ ] [Action item 3] ``` ## Quick Research Option For faster analysis, focus on these essentials: 1. **Market Size** - TAM and growth rate 2. **Top 3 Competitors** - Leaders and their positioning 3. **Primary Audience** - Who buys and why 4. **Biggest Opportunity** - Single best market gap 5. **Key Risk** - Most significant challenge Deliver a 1-page summary with actionable insights. ## Research Best Practices **Data Quality:** - Use multiple sources to verify statistics - Prefer recent data (within 2 years) - Note data limitations and assumptions - Distinguish between estimates and verified figures **Analysis Quality:** - Focus on actionable insights, not just data - Identify patterns across sources - Challenge assumptions with evidence - Quantify opportunities where possible **Report Quality:** - Lead with insights, support with data - Use tables for easy comparison - Include source citations - Prioritize recommendations clearly