Practice asking the following 20 market research questions. Explain how do these questions enable a business to efficiently allocate resources based on real, data-oriented insights from their own customers?

1. Who is our ideal customer? 2. What do they struggle with? 3. What does your ideal customer really WANT? 4. What sets you apart from your competition? 5. Who is currently buying from us? 6. Why are other people not buying from us? 7. Who can buy from us in the future? 8. Why do people buy from you? What value or need does it fulfill? 9. What would make you a perfect brand? 10. What is the best way to communicate with the kind of people you are trying to reach out to? 11. What improvements could be made to your products or services to have a wider reach? 12. What is the right price to charge? 13. What bundled service or product you can offer in conjunction with yours?