How to do Market Research with AI

Market research is a key component of running a successful business. It enables you to understand your customers, identify opportunities, and make well-informed decisions. However, conducting thorough market research can be a time-consuming task.

How can the Spell AI agent help with that?

For this process, we recommend using the Spell AI agent configured with the Web Search, Web Browsing, and Website Scraper plugins. A complex task like this can benefit from GPT4's superior reasoning capabilities.

Once configured, provide the AI agent with this prompt:

Conduct market research about the latest trends in the VR industry. Create a business plan, focusing on target audience, SWOT analysis, industry trends, growth projections, and competitor analysis.

The AI will then perform the market research, allowing you to focus on other important tasks.