Sprint 1: Market Research and Analysis
Sprint Goal: The goal of Sprint 1 is to conduct in-depth market research to understand the target audience, competitors, and market trends.
Sprint Overview:
- Sprint 1 is focused on laying a strong foundation for your business by gaining valuable insights into the market landscape. The Market Research Playbook will guide you through effective research methodologies and data analysis techniques.
Sprint Tasks:
- Review the Market Research Playbook to understand how to conduct thorough market research.
- Gather data and information on your target audience’s preferences, behaviors, and pain points.
- Analyze your competitors’ strengths, weaknesses, opportunities, and threats (SWOT analysis).
- Create detailed target customer profiles based on your research findings.
Duration
2 weeks
Deliverables
- 1Market research report
- 2Competitor analysis
- 3Target customer profiles
Sprint Materials
- 1Market Research Playbook
- 2Competitor Analysis Template
- 3Target Customer Profile Worksheet