Identifying market mismatch early can save an entrepreneur time and resources. Here are some methods:
Customer Feedback: Actively seek feedback from your target audience. This can provide insights into whether your product meets their needs. Market Surveys: Conduct surveys to gather data on customer preferences and pain points. Competitive Analysis: Study your competitors to understand what they are offering and how the market is responding to them. Sales Data: Analyze your sales data to identify trends and patterns that might indicate a mismatch.