How to do Market Research for Drop Shipping.

In this post we're going to be talking about what you need to know and do to do market research on your drop shipping business. We're starting out with some general guidelines for how to navigate the world of researching your business, then will move into how to actually go about doing that research.

The first step in doing any type of market research is figuring out what type of information you need, which is often a mix between quantitative data (numbers) and qualitative data (your impressions).

Quantitative data can either be numbers that you can measure (i.e. prices, revenues, etc.) or percentages (i.e. how often people do something). The second type of quantitative data is much harder to come by and often requires surveys to get the information out of people (which we won't be covering in this post).

In terms of qualitative data, this is all your impressions that you gain from either talking to people or actually going t...