Fiver DIY

Research it

Step Two: Research It!

 

The second step is Research It!

Children will carry out market research, guided by example questions to find out what their customers think of their product or service.

Conducting market research gives insight to the business idea and who their customers will be. Children will find out if people will purchase their product or service and if it needs to be improved or changed at an early stage of the business, developing their communication and problem-solving skills.

The research must be completed under teacher, parent or carer supervision, and can be conducted in person or via telephone or email with people children know.

 

What your children will be doing

  • Carry out market research with friends or family
  • Look through the results and identify if they need to make adaptations to their product or service

 

Resources for Research It!