You should conduct a market study

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Among the most prominent projects that attract a lot of investment in this area are smart agriculture projects and modern irrigation technologies, which require a feasibility study to evaluate the environmental and economic benefits and achieve good profitable returns. Investing time and resources in conducting a thorough feasibility study for these projects contributes to determining the economic feasibility and enhances the chances of success. The increasing demand for these projects reflects the major transformation in the Saudi market and its orientation towards achieving the ambitious Vision 2030. How do I do a feasibility study for a project without costs? Preparing a feasibility study for a project without costs is a difficult challenge, but it is not impossible.


This study can be implemented using free tools and resources moj database available on the Internet. Here is how to prepare a feasibility study for a project without costs: Start by defining your project idea and choose an idea that matches your skills so that it does not require large initial investments, then analyze this idea to determine whether it is feasible with no initial funding, and you can use your experience and knowledge of the market to evaluate the idea and analyze the potential for success. using free tools to determine the feasibility of your idea in the market.


You can benefit from the free tools available on the Internet. You can also use search engines such as Google to conduct market research and determine the size of the demand for the service. You can also use social media to search for target groups and determine their interests, needs and most important preferences. You can also join several forums to discuss your idea with many people who may be potential customers. Conduct a financial feasibility analysis using free spreadsheet programs such as Google Sheets to find out costs and revenues. You should identify all potential costs, even if they are small, such as the costs of raw materials or the time it will take to provide the service.