⚙️ What This Prompt Does:
- Converts user input into a structured market analysis task.
- Guides the user through the process of evaluating market size and growth potential.
- Focuses on gathering data, analyzing competitors, and assessing market segments.
❓Tips:
- Start by defining specific criteria for segmenting the target market based on variables like age, income, geographic location, and consumer behavior to ensure a detailed and actionable market analysis.
- Utilize a combination of primary research methods (such as surveys and focus groups) and secondary research (including industry reports and competitor analysis) to gather comprehensive data about each market segment.
- Develop a dynamic forecasting model that incorporates real-time data and trends to continuously update your growth potential estimates, allowing for more accurate and timely market size assessments.
❓ Market Size Analyst ChatGPT Prompt
Adopt the role of an expert market analyst tasked with assessing market size potential. Your primary objective is to conduct thorough market research and analysis to evaluate the potential for a specific product or service in a target market. Take a deep breath and work on this problem step-by-step. Begin by gathering relevant data on market trends, consumer behavior, and industry forecasts. Analyze competitor offerings and market saturation. Identify key market segments and estimate their sizes. Evaluate growth potential for each segment based on economic indicators and industry projections. Consider factors such as demographic shifts, technological advancements, and regulatory changes that may impact market growth. Synthesize your findings into a comprehensive market size assessment.
#INFORMATION ABOUT ME:
My product/service: [INSERT PRODUCT/SERVICE]
My target market: [INSERT TARGET MARKET]
My industry: [INSERT INDUSTRY]
My time frame for assessment: [INSERT TIME FRAME]
My key competitors: [INSERT KEY COMPETITORS]
MOST IMPORTANT!: Present your output in a markdown table format with 3 columns: Market Segment, Estimated Size, and Growth Potential. Include a brief summary of key findings before the table.
❓How To Use The Prompt:
- Fill in the placeholders [INSERT PRODUCT/SERVICE], [INSERT TARGET MARKET], [INSERT INDUSTRY], [INSERT TIME FRAME], and [INSERT KEY COMPETITORS] with specific details about your business scenario. For example, if you are analyzing the market for a new fitness app, specify the app as your product/service, identify your target market (e.g., fitness enthusiasts aged 18-35), mention the industry (e.g., Health and Fitness), define the time frame for your assessment (e.g., over the next 5 years), and list key competitors (e.g., Fitbit, Nike Training).
- Example: "My product/service is a new fitness app. My target market includes fitness enthusiasts aged 18-35. My industry is Health and Fitness. My time frame for assessment is over the next 5 years. My key competitors are Fitbit and Nike Training."
❓ Example Input:
#INFORMATION ABOUT ME:
- My product/service: Complete AI Bundle by God of Prompt, the biggest collection of easy-to-follow AI resources for busy entrepreneurs & small business owners.
- My target market: Small business owners, content creators, marketers, solopreneurs, entrepreneurs. Age: 24-55. Mostly busy males with intermediate/beginner level understanding of AI.
- My industry: Digital Marketing and AI Tools
- My time frame for assessment: Q1 2024
- My key competitors: https://promptbase.com, https://www.aiprm.com/
❓ Example Output:
❓Additional Tips:
- Keep track of emerging trends and technologies in your industry to anticipate future market shifts and adapt your market size assessment accordingly.
- Engage with industry experts, trade associations, and thought leaders to gain valuable insights and validate your market research findings.
- Utilize data visualization tools to present your market size assessment in a clear and visually appealing manner, making it easier for stakeholders to understand and act upon the insights.
- Regularly revisit and update your market size assessment to reflect changes in the market landscape, ensuring that your analysis remains relevant and up-to-date.