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Market Research eMarketing: The Essential Guide to Online Marketing www.quirk.biz/emarketingtextbook. The Web developed as a tool to allow academics to share information easily. Web technology makes information searchable. Web technology makes information accessible.
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Market ResearcheMarketing: The Essential Guide to Online Marketingwww.quirk.biz/emarketingtextbook
The Web developed as a tool to allow academics to share information easily.
Web technology has reduced the costs of storing and analysing large amounts of data.
Consumers use the web for research • Best price • Best service • Best reviews • Alternative products
Organisations can too • Competitor research • Consumer research • Sentiment • Industry • The list goes on
Market research is a process that aids business decisions • Gather • Record • Analyse • Systematically
Primary research • Data is gathered for a specific purpose • Test a hypothesis • Discover more information
Secondary research • Uses existing research findings as a source of research
Qualititative • Exploratory • Identifies areas for further research • Customer perceptions and feelings
Quantitative • Numerical data and statistical analysis • Tests a hyphothesis
Use ORM as a research tool • Monitor industry and organisation keywords • Analyse for sentiments and insights • Can form the foundation for future research
Secondary data • Research before gathering primary data • Can help to solve the problem at hand • BUT might not be specific enough
Secondary data • Other studies and white papers • Published information that is freely available • Industry research
Primary data • The Web allows you to reach many people for lower cost • Participants do not need to be in the same area (and can participate at any time)
Primary data • Data is captured because of the nature of the Web • Analytics • ORM • Surveys
Open-ended questions • Example: • What features would you like to see on the website for the eMarketing textbook? • A: -----------------------------------------------------------------------------
Closed-ended questions • Example: • Do you use the eMarketing textbook website? Choose one that applies. • - Yes • - No
Ranked questions • Rate the features of the eMarketing textbook website, where 1 is the most useful and 4 is the least useful. • - Blog • - Case studies • - Free downloads • - Additional resources
Getting a response • Customers - vested interest • Offer an incentive
Research surveys • Establish goals • Determine sample • Choose methodology • Create questionnaire • Pre-test • Gather data • Analyse
Online vs offline • Is your market represented online? • Should they be surveyed at work or at home? • Does your research require a researcher to clarify questions?
Sample size • Are you reaching enough people? • Are you reaching the right people?
Incentive • Does an incentive skew your data? • Can you get enough responses without the incentive?
Further reading? • For further reading and case studies : • www.quirk.biz/emarketingtextbook