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Marketing Marketing ResearchResearch
Systematic gathering, Systematic gathering, recording and analyzing of recording and analyzing of
information about problems information about problems related to marketing goods and related to marketing goods and
servicesservices
Uses of Marketing Uses of Marketing ResearchResearch
Preferences and opinionsPreferences and opinions
Habits (lifestyle and Habits (lifestyle and buying)buying)
Trends (economic and Trends (economic and consumer)consumer)
Future consumer plansFuture consumer plans
Applications of Applications of Marketing Marketing ResearchResearch
Product planningProduct planningPrice planningPrice planningPromotion planningPromotion planningPlace/distributionPlace/distributionMinimization of losses (risk Minimization of losses (risk management)management)Staffing requirementsStaffing requirementsFinancial needsFinancial needs
Marketing Research can Marketing Research can be categorized into 4 be categorized into 4
areas:areas:
Advertising ResearchAdvertising Research
Product ResearchProduct Research
Market ResearchMarket Research
Sales ResearchSales Research
Designed to Designed to measure:measure:
Advertising Advertising MessageMessage
What is it What is it saying? saying?
Hitting target Hitting target market?market?
Recall?Recall?
Meeting goals?Meeting goals?
AdvertisingAdvertising
MediaMedia
TV, radio, TV, radio, magazine etc.magazine etc.
Is your target Is your target market market using/seeing it?using/seeing it?
Return on Return on costs?costs?
Common Techniques for Common Techniques for Ad ResearchAd Research
Consumer Consumer panels – oral, panels – oral, written or written or observed observed behavior behavior recordedrecordedAd recallAd recallWritten Written diaries/home diaries/home monitorsmonitors
Focuses on…Focuses on…Product designProduct design
Product usageProduct usage
Product Product acceptance by acceptance by consumersconsumers
Competitive Competitive productsproducts
Testing of Testing of existing productsexisting products
Package designPackage design
Applications of Product Applications of Product ResearchResearch
Designing the packageDesigning the package Reynolds Plastic WrapReynolds Plastic Wrap
New uses for existing productNew uses for existing product Arm and Hammer Baking SodaArm and Hammer Baking Soda
New product conceptsNew product concepts low fatlow fat single servingsingle serving
Pricing the productPricing the product
Focuses on…Focuses on…Customer buying Customer buying behavior – how behavior – how buying decision is buying decision is made, who makes made, who makes it, etc.it, etc.
Market trends – Market trends – what the what the customers are customers are buying “out buying “out there”there”
Common techniques for Common techniques for Market ResearchMarket Research
QuestionnairesQuestionnaires
Focus groupsFocus groups
Mall interviewsMall interviews
Phone interviewsPhone interviews
Mystery shoppersMystery shoppers
CLT (Central CLT (Central Location Testing)Location Testing)
Focuses on…Focuses on…Sales dataSales data
Sales forecasting Sales forecasting (determining (determining potential sales for potential sales for product)product)
Economic Economic forecasting forecasting (determining (determining potential economic potential economic conditions)conditions)