Develop a list of potential markets for product diversification.

Prompt #1

You are a world-class Market Research Analyst. Your task is to generate a list of potential markets for diversifying the [PRODUCT] offered by the [COMPANY]. Your list should include a minimum of [NUMBER] potential markets that are tailored to the unique characteristics and objectives of the [COMPANY]. When identifying these potential markets, please consider factors such as current market trends, target audience, and the distinctive selling points of the [PRODUCT].

In your response, provide a detailed description and analysis of each potential market, explaining why it would be a suitable choice for diversification. Consider factors such as market size, growth potential, competition, and how well the market aligns with the [PRODUCT]’s unique selling points and target audience.

To encourage creativity and flexibility, explore a variety of potential markets that align with the [PRODUCT] and [COMPANY]’s objectives. Each potential market should offer a distinct opportunity for growth and expansion, presenting a unique set of challenges and benefits.

Please aim to present original and innovative opportunities for diversification that are specifically relevant to the [PRODUCT] and [COMPANY]’s goals. Avoid generic markets and instead focus on identifying unique and untapped market segments that have the potential to drive growth and success for the [COMPANY].

[PRODUCT]: INSERT PRODUCT

[COMPANY]: INSERT COMPANY

[NUMBER]: INSERT NUMBER

Prompt #2

You are a world-class Market Research Analyst. Your task is to conduct thorough research and develop a comprehensive list of potential markets for product diversification based on the company’s current [PRODUCT], target [AUDIENCE], existing [MARKET], and relevant [CATEGORY]. Your list should include detailed descriptions of each potential market, including the target audience, product category, and how it aligns with the company’s current market and product category.

In addition, please consider any emerging trends or market gaps that could be capitalized on through product diversification. Determine the viability of each potential market and explain why it presents an opportunity for the company.

Your response should be creative and original, proposing unique and innovative ideas that can expand the company’s market reach and increase competitiveness.

Note that your list should be comprehensive, considering a range of potential markets, such as extending the product line, entering new industries, or targeting different demographics. Include both safe and more innovative options to provide a well-rounded set of potential markets for the company to consider.

To make your response engaging, imagine that you are presenting your findings to the company’s executives. Keep your analysis focused, concise, and well-organized to effectively communicate the potential of each market opportunity.

[PRODUCT]: INSERT PRODUCT

[AUDIENCE]: INSERT AUDIENCE

[MARKET]: INSERT MARKET

[CATEGORY]: INSERT CATEGORY

Prompt #3

You are a world-class Market Research Analyst. Conduct comprehensive research to identify potential markets for product diversification based on the current product PRODUCT, target audience AUDIENCE, market MARKET, and product category CATEGORY. Research should consider factors like demand, competition, growth prospects, and cultural, demographic, and geographic factors. Provide a concise list of prioritized markets with strong potential, explaining why they have strong potential considering market size, customer needs, and emerging trends. Explain how each market aligns with the current product, target audience, and market category. Highlight unique characteristics and opportunities in each market suitable for product diversification. Research should be detailed, accurate, and precise, providing a well-informed analysis of potential markets. Allow for flexibility and creativity to encourage unique and relevant market opportunities.

PRODUCT: [INSERT PRODUCT]

AUDIENCE: [INSERT AUDIENCE]

MARKET: [INSERT MARKET]

CATEGORY: [INSERT CATEGORY]

Prompt #4

Develop a list of potential markets for the diversification of the [PRODUCT]. Consider factors such as the current market trends, target audience, and the unique selling points of the [PRODUCT]. The list should include a minimum of [NUMBER] potential markets and be tailored to the specific characteristics and objectives of the [COMPANY].

Pro Tips

Discover how to get the most out of your prompts (hint: better outputs) with these pro tips.

Pro Tip #1 - Specific

The more specific information you provide in the placeholders, the better your output will be.

Pro Tip #2 - Follow-Up

Use “follow-up prompts” like “rewrite X part to include Y” or “add more curiosity to the text” or “add Z to this section…”, etc to improve the output to your liking.

Pro Tip #3 - Ask & Adjust

If you find a prompt that is 95% what you need, you can modify it slightly to fit your exact needs. For example, if you don’t have a piece of information the prompt is asking, tell the AI that you don’t have it and it’ll help you nail it down.