Ask HN: How do you figure out your market size?

4 pointsctingom1 comment

They say you should figure out your market size. How does one go about this exactly? For example... my product is a time tracking application. I know there's a big market, but how would I go about figuring exactly how big that market is?

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how to market size: step 1: figure out how many people use similar applications or the # of people you could foresee using it (step 1a: include multiple purchases per product / multiple people per product) step 2: multiply by the monetization over the time frame, use research/values from industry standards or competitors

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