Market Research Tips

How can Market Research help you attract new customers?

Market research can help you identify…

  • Who your potential customers are
  • Criteria on which they make buying decisions
  • The competition or who they currently buy from
  • What it would take to get them to buy from you
  • What they expect from your product or service
  • When and where they prefer to buy

Why choose a market research firm?

  • Market research professionals are likely to get better results. They have experience in designing survey questionnaires, running focus groups and asking the right questions.
  • Customers are more likely to be honest with an outsider, particularly if they have a complaint.
  • Customers may worry you're trying to sell them something if you conduct the research yourself.
  • You may find it difficult to be impartial, particularly if people criticize your business.

Make the most of your market research.

  • Spend time not money
  • Carefully determine your research objectives
  • Apply the research
  • Head for the top
  • Be disciplined

Don't ignore your market research!

The only thing worse than not doing market research at all is spending money on it and not utilizing the results. Validate your findings then develop a plan of action that will help your business achieve its objectives.