What is my market potential?

The principles of determining market share and market potential are the same for all geographic areas. First determine a customer profile (who) and the geographic size of the market (how many). This is the general market potential. Knowing the number and strength of your competitors (and then estimating the share of business you will take from them) will give you the market potential specific to your enterprise.
 


83 votes


Get the Info That Matters Most to You With SBA Direct

Find information on:

(Select your topics)

Get Local Assistance Right in Your Area

Counseling, mentoring, and training from an SBA District Office, SCORE Chapter, Small Biz Development Center or Women’s Biz Center in your area.

FIND RESOURCES

join the community

With a little help from SCORE, a great romantic partnership became a great business partnership. Patrick Hickey was a trained chef. His wife, Erin...
Success_Story-Delores_Logan.JPG
Evolution is Key to Small Business and its Local and Global Impact D. Delores Logan is founder and CEO of AllCaregivers, Inc., a company that has...
As a small business owner since 2001, Diane Lewis measures success in various ways. The president of Action Facilities Management, a site support...