How is Marketing research used for starting a hair salon? -

Marketing research would show the trends in that area, how many people use the service how much money they spend on it.So you would know if it was a good location to open shop there.You would find out about your competition and the average income of the neighborhood .Yes market research is needed for any business start up, especially if you plan to get a business loan. They will expect you to have done your homework want to know if your business is a good risk or not.