Market Research
India market research that checks the numbers before you enter
How it works
- Set the goalFirst agree what to decide and by when: investment, a partner contract or an export test
- Desk researchTop-down check of market size from population, consumption and trade statistics and industry data
- Market sizingBottom-up estimate: people who can buy × purchases per year × average spend, then cross-checked
- Field checksIn-store and online price checks, distributor and importer interviews, buyer meetings
- Final reportGo, hold or stop decision and next steps (incorporation, certification, distribution), written up in Korean
Service details
Research areas
- Market size (top-down and bottom-up)
- Competitor and price research
- Consumer and buyer analysis
- Distribution channel structure
- Import rules and certification requirements
- State and city comparison
- Partner and buyer sourcing
Field research
- In-store and online price checks
- Distributor and importer interviews
- Buyer meeting arrangements
- Sample feedback checks
Deliverables
- Report in Korean (optimistic, base and conservative ranges)
- Go, hold or stop decision
- Next-step action plan (incorporation, certification, distribution)
Key notes
- Count the people who can actually buy, not the 1.4 billion population
- Income, language and distribution differ greatly by state
- Checking regulations and certification during research saves cost later
- Stopping before incorporation is the cheapest conclusion — hold or stop are valid results too
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