Thursday, October 17, 2013
Wednesday, October 16, 2013
Market Research - Where to Find the Market Information Good data sources
According to the American Marketing Association, market research is conducted to identify and define marketing opportunities and problems; generate, refine, and evaluate marketing actions; and improve understanding of marketing as a process. Essentially, this information helps you to identify your target customer, assess your competition, and decide on a marketing plan.
Market Research Overview
Tuesday, October 15, 2013
Guide to Market Research and Analysis
Successful businesses have extensive knowledge about their customers and their competitors. Getting accurate and specific information about your customers and competitors is a critical first step in market investigation and development of a marketing plan. Accurate market assessment and development of an effective plan is critical to the success of both new and existing businesses. The market impacts and directs all aspects of the company's activities and ultimately will lead to success or failure of the business. In developing a market plan, your primary functions are to understand the needs and desires of your customer, select or develop a product or service that will meet customer needs, develop promotional material that will make the customer aware, and ensure product or service delivery.
Saturday, October 12, 2013
How to Find New Markets
New markets can mean markets in a new location or country. However, on a more practical level, a new market is simply a set of customers who have not purchased from you before. This means that a new market could be customers in a different part of town, socio-economic group, country or industry.
Primary Market Research Techniques
This info-guide provides a summary of primary research techniques - primary, being research that is generated first-hand by you and your business.
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