Market Opportunity Analysis of Miami
Miami is considered to be the busiest City with respect to Trading. As Most of the Companies pocket Dollars every year from Miami. The Trading Company is always welcomed by the Miami people to utilize their Services at large. If we determine the Miami market, it appears to be very beneficial for the companies engaged in Trading and Other Money related matters. Miami Market attracts the new comers into its business domain and absorbs its potential to produce heavy returns in investment in terms of Profit and future trends in the market sustainability. We can Define Miami in following manners in order to analyze its potential for the Prospectus Investors from foreign as well as local origins. The State of Florida is also very famous due to Business in Miami. There are many ways of trading such as Currency trading forex Trading, Stock trading and Trading goods through online market places. The trading tradition has got to bottom nowadays due to Global Economic Conditions. The people have become very careful to trade and market their Products into Markets after doing a detailed analysis of opportunity fore such product
MARKET OPPORTUNITY ANALYSIS:
If any company wants to enter into the new market it apparently requires good market capacity and intelligence to identify, create, and sustain the competitive gain. Today’s huge environmental forces which include globalization, rapid change in technology, and the changes in sociology make the organization more complex. But if we analyze the Miami, It has great potential for Cosmetic Trading Company and as well as real estate market. Having access to Caribbean Islands, Miami could prove a great boon for the new company offering its cosmetic products to its dwellers as well as makes ground for any company to further its operations to smaller Caribbean Islands. If observe the Miami Markets, it shows that if any Trading Company struggles to adapt to the uncertain environment, basic structure and the
Management of market intelligence becomes key to survive depending on customers’ behavior.
MIAMI MARKET SIZE:
The size of the Miami Market is considered huge for daily use items which includes cosmetics mostly used by women but rarely used by men .But they are the need of every person. This shows there is great demand for such company in Miami Secondly the market is said to be of great Scale and having sense of adaptation to new company and acceptance of new products compared to its competitors. The Success depends upon the company which brings customer Friendly and Economical products which are already used by the consumers in the Miami .it will certainly boost the sales of new company and increase the opportunity of its survival for long period.
According to an Economic Intelligence Report conducted by 200 Top Executives of Economist Intelligence Unit that Miami is the best-suited city to be a regional Trade business capital of an Americas-wide free-trade area. The Survey also disclose that is Free trade in Miami is most favoring than other cities due to geographical position of Miami City .Miami is also said to be very favorable for Free Direct Investment as its market Structure is company friendly subject to bringing much demanded and consumer oriented Products having good life cycle .As long as the Product Sustains, it has great demand from the consumers, wholesalers and retailers of the market over its competitors.
Finally after the discussion of above aspects Miami it was found that Miami really needs such Trading company which deals in Cosmetics and other Cosmetics related products in order find their market here. As per the survey results and recent reports that Miami always welcomes both foreign Direct Investment (FDI) as well as Local Direct Investment. Plus the Market size for the Trading Company is also a mammoth with greater opportunity of new products to launch and besides this a tough competition of companies on prices due global
Financial crisis and tough economic indicators. Company will have also good transportation through Miami to Import more goods and food products from India and US. Thus it will create it base over there and compete with its competitors, if it has good product range and hardworking marketing and production Human Resource to achieve the desired goal set forth by the prospective trading company .Besides this the Trading company will have market opportunity of the Cosmetics for the Caribbean Islands which are near to Miami Business Borders in order to further boost the Company sells. The conditions are favorable for such trading company and its success depends upon the quality of cosmetic products and the range of products of daily use such as soap , Detergent and tooth paste etc as such products are used on daily routine basis and have a great demand .