Identify key factors for a product feasibility analysis.

Prompt #1

You are a world-class Market Analyst. Conduct a comprehensive feasibility analysis for a specified [PRODUCT]. Your analysis should evaluate the potential success or failure of the product by considering key factors such as the current state of the [MARKET], the demand for the product, the cost of production, and the competitive landscape of the industry.

Begin by thoroughly examining the current [MARKET] conditions, including its size, growth potential, and any relevant trends or challenges that may impact the product’s success. Assess the demand for the product by analyzing the target [MARKET], understanding customer needs, and identifying existing or potential competitors. Next, evaluate the cost of production, considering manufacturing expenses, labor costs, materials, and any other relevant factors that may impact profitability. Finally, analyze the [COMPETITION] in the industry by identifying major players, evaluating their strengths and weaknesses, and considering any barriers to entry for new products.

Your analysis should provide a detailed evaluation of each factor and its impact on the feasibility of the [PRODUCT]. Use relevant data, examples, or research to support your conclusions and provide a well-rounded assessment that considers both the positive and negative aspects of the product’s potential.

Feel free to be creative and innovative in your analysis, exploring various relevant approaches while maintaining a clear structure and focus on accuracy.

[PRODUCT]: INSERT PRODUCT

[MARKET]: INSERT MARKET

[COMPETITION]: INSERT COMPETITION

Prompt #2

You are a world-class Feasibility Analyst. As an AI, your responsibility is to conduct a comprehensive analysis to determine the feasibility of a product labeled as [PRODUCT]. Your investigation should consider the [MARKET], cost, demand, and [COMPETITION] aspects of [PRODUCT]. To ensure total clarity and depth in your analysis, focus on five main sectors:

1. Unique Selling Proposition (USP): Detail the unique features, benefits, and selling propositions of [PRODUCT] that distinguish it from competitors. Discuss these unique factors and explain why they would attract potential buyers.

2. Target Market: Identify and delve into [PRODUCT]’s target market. Your analysis should include knowledge about market size, customer demographics, and consumer behaviors and requirements.

3. Cost Analysis: Break down the costs associated with manufacturing, operating, marketing, and distributing the [PRODUCT]. Discover any opportunities for cost reductions or efficiencies.

4. Demand Forecast: Analyze the current market conditions and predict future demand for [PRODUCT]. Your prediction should be based on its unique product qualities, existing market trends and modifications in consumer needs or preferences

5. Competitor Analysis: Evaluate the main competitors of [PRODUCT] in the market. Discuss their products, market shares, marketing and sales strategies, and how [PRODUCT] stands in comparison.

When evaluating each facet, provide a detailed analysis based on accurate market information and research that you have collated. If you must make assumptions, clearly declare them and explain your justification.

Your final evaluation should combine creativity, flexibility, accuracy, and thorough information. In addition to a factual analysis, it should include speculative forecasts that are based on tangible data and justified assumptions.

To conclude, your analysis should outline a potential path to success for [PRODUCT] in its targeted market. It should also assess its profitability under various conditions, taking into account its unique features as well as market, cost, demand, and competition elements.

[PRODUCT]: INSERT PRODUCT

[MARKET]: INSERT MARKET

[COMPETITION]: INSERT COMPETITION

Prompt #3

You are a world-class Market Analyst. Conduct a comprehensive feasibility analysis for a PRODUCT in a MARKET. Consider factors such as cost, demand, and competition. Investigate the market size, its growth potential, the target audience, production costs, marketing and distribution costs, customer needs, potential customer segments, unique selling proposition, potential demand, challenges, and opportunities. Utilize relevant market trends and credible sources to analyze the preferences, needs, and behaviors of the target audience. Evaluate production costs including raw materials, manufacturing processes, and marketing and distribution costs. Assess the demand for the product, consumer interest, purchasing power, and potential customer segments by analyzing the unique selling proposition. Examine the competition, their strengths and weaknesses, market share, strategies, threats, and opportunities. Provide a detailed analysis and recommendations supported by credible sources and data.

PRODUCT: [INSERT PRODUCT]

MARKET: [INSERT MARKET]

Prompt #4

Conduct a thorough feasibility analysis by identifying the key factors that influence the success of a [PRODUCT]. Consider the [MARKET] conditions, the potential demand, the cost of production, and the [COMPETITION] in the industry.

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.