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Topic : The Game Of Market Research..
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Started by : Sunita Mohapatra, Product/Brand Manager, Tata Motors   09 24 2010 08:07:34 +0000
Industry : Advertising/PR/MR/EventsFunctional Area : R&D(Operations)
Activity:  110 views;  last activity : 10 04 2010 13:40:32 +0000

Market research is for discovering what people want, need, or believe. It can also involve discovering how they act. Once that research is completed, it can be used to determine how to market your product.

The tools used in your research can give the desired answer you want...or maybe it would vary many a times. So, one has to be very careful while chosing tools for the research.

Thus,  what are the different tools used for market research???

 
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1 2 3 4 5
1 Questionaire
2 Internet survey
3 Mail, phone, Group discussion, projective techniques
4 Trend Analysis
5 arrange contast
6 Lot of other things
7 Lot of other things
8 Analysing data available through secondary sources
9 Tools differ with every researcher also

Questionaire

idea posted by Sunita Mohapatra Product/Brand Manager, Tata Motors

This is the most simplest tool & can be used frequently as per the requirement. This is also very cost affective & the results can be interpreted faster.

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This methodology seems to be the mostly used one.

What channel be used---personal interviews, internet survey,etc can be decised on case basis.

The most important aspect of this methodology is that the Questions can be prepared to the point of correctness to get the actual information required.

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Hello Sunita, I support for Questionnaire. This is very easy method and also can reach many persons.

K Rajagopalan. 

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Best way to get to know the customer..at the same time time consuming... but still can be trustfull..

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Internet survey

idea posted by Mohammad Bakhsh Project Leader/Managing Consultant, Freelancer

Thanks ,Sunita for referral. I market survey on Internet is quick and realistic.

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Internet market survey might be quick.. but may not be responsive enough..and trustworthy ..

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Mail, phone, Group discussion, projective techniques

idea posted by dommaraju krishnamaraju CEO/MD/Director, wine legendIndia pvt ltd
Market research consists of two components; Collection of secondary data and generating primary data. In primary data collection, we use interviewing method either by using a structured questionnaire or soliciting views on a list of points. Instead of one individual at a time groups are also subjected to discussion or projective techniques to elicit views from the targeted group. For collecting data through indirect means, we use phone, email or post,
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Trend Analysis

idea posted by vinayak Software Developer, India

If we are planing to launch some product which already there in a market then we can analysis the trend of consumer's choice and accordingly we plan our marketing strategy and we can penetrate the market by obtaining certain amount of share into the market

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by John Jacob, Consultant, confidential  | 10 04 2010 13:40:32 +0000

Yes, trend analysis is another tool that can be used to do market research. One way to do trend analysis is to analyse the sales reports from different sources.

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arrange contast

idea posted by kailash.k.lunawat Marketing Manager, chemicare

arrange contast

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by kailash.k.lunawat , Marketing Manager, chemicare  | 09 29 2010 10:43:16 +0000

from arrangeing contest

why people atract particular produc & service ?

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Lot of other things

idea posted by Shyam Kumar Singh Branch Operations Manager/ DBM, ICICI Bank
SMS , Telephon/mobile, Observation method, internet, quessionaire, quiz, contest,etc
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Lot of other things

idea posted by Shyam Kumar Singh Branch Operations Manager/ DBM, ICICI Bank
SMS , Telephon/mobile, Observation method, internet, quessionaire, quiz, contest,etc
0
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Analysing data available through secondary sources

idea posted by dommaraju krishnamaraju CEO/MD/Director, wine legendIndia pvt ltd
For any thing to do in Business, either starting newly or continuity, marketing research is a must to understand changing needs/ wants of the targeted customers and many other factors which influence business. Secondary sources; data generated internally and from outside sources are very important source of information.
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Tools differ with every researcher also

idea posted by VEERINDER SINGH(B-P.VIHAR) Associate/Senior Associate, BHART CAPITAL SERVICES

HI! All, As a researcher i find every product,service & researcher has its own way/studies toward the resesarch. So take the example of a car company`s resesarch that is different from a mobile based sevices company`s research so the so called TOOLS are also different. Sales & marketing team from ground to top level post has its observations about market we must take their references for research & another tool is media of every type, with the changing times we find new communicational ways to focus consumer,there are other ways also.....

 

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