Analysis of the market niche
A thorough evaluation of business, cultural, social, and economic aspects enables a successful business launch. For instance, the dominance of certain social groups in society can influence the product’s pricing or its success.
What is included in the service?
- Market structure and capacity analysis
- Information about competitors
- Evaluation of consumers and their behaviors
- Investigation of the demand and pricing for the company’s product
- Evaluation of potential risks
Phases of market niche analysis:
We collect data on the market conditions over the past 3–5 years. The accuracy of the market activity description influences the objectivity of the forecast. The crucial factor in studying the market capacity is the correlation between the product offered and its demand.
Analysis of the target audience
At this phase, we identify profit sources. We describe the customer category that will generate significant revenue for the company, and answer questions, such as “What does our customer look like?” “Why does our product appeal to them?” “What draws them in, and what could potentially drive them away?”
Examination of external factors
The business success is not only determined by the product’s demand and features, but also by external factors. External factors are uncertain, so the analysis takes into account those that cause tangible changes at the current moment. For instance, current legislation, economic conditions, and cultural and social factors.
Examining the strengths and weaknesses of competitors can help refine your business growth strategy. The research will reveal what consumers lack in competitor companies, their target audience, and their pricing strategy.
Description of distribution channels
The effectiveness of the distribution system can be determined by calculating the expenditure level. This includes the total of warehousing and transportation expenses, along with the total of unfulfilled orders.
Data compilation and conclusion
In the final stage, we present the data visually using diagrams, charts, and tables. Thorough research will help you evaluate your business prospects in the UAE and select an appropriate strategy based on our study.
Our Clients' FAQ
Any company contemplating starting or expanding a business in the UAE.
It all varies, as the cost and terms depend on a multitude of factors. Nevertheless, the price for a market niche analysis starts at $9,000. The period for drafting a conclusion starts from 1 month.
You will need to provide details about your company’s activities and a description of the project you are implementing.
Learn moreOur work, from establishing the company to fully employing the staff, took approximately a month and a half. The first Dodo Pizza location opened in Dubai in January 2023. We are very happy for them and continue to provide support by answering their questions in detail. This experience was also beneficial to us. Through our collaboration with Dodo, we realized that we can offer comprehensive legal support on all matters related not only to relocation but also to conducting business in a Muslim country.Learn more
- What we did
- Formed a company
- Helped acquire a visa within five working days
- Opened an account within a month
- Hired 20+ employees and assisted with their family visas
- Continue to provide support to this day
Seaside holiday destinations for the winterTop 5 beach resorts Russians can visit visa-freeRead on Dzen11.11.2022
How to do the paperwork: Relocating with AWATERAAWATERA professionals share insights about setting up business in DubaiRead on RBC27.09.2022
Business Relocation to UAE, Webinar 2Choosing the emirate and the legal format, opening a bank account, organizing relocationWatch on YouTube01.09.2022
Business Relocation to UAE, Webinar 1Choosing the emirate and the legal format, opening a bank account, organizing relocationWatch on YouTube07.07.2022
How to do business smartly in the UAEVideo on the potential benefitsWatch on YouTube11.05.2022