Marketing Research
-
Statistical Significance and Why It Matters to Marketers
Many marketers are constantly performing the collection and analysis of data. Whether it’s performing t-tests or correlation analysis, there are always important data that require a thorough examination to determine the results of a survey or another study method. During advanced data analysis, one metric that’s often overlooked by marketers is statistical significance. Statistical significance allows you to assess data by determining whether its results are meaningful or just an anomaly. When you examine statistical significance, you can prevent serious mistakes that you can risk your overall marketing efforts. In the marketing world, producing and evaluating the results you produce is the best way to make informed decisions for any…
-
3 Tips for Writing A Captivating Survey
Surveys are one of the best (and inexpensive) ways to gather data about your target customers. When done correctly, surveys can provide you with a broad set of useful data that allows you to move forward with your marketing objectives. Whether you want to know if your customers were satisfied with your services or find out the likelihood of them purchasing a product, surveys are able to supply you with what you need. Unfortunately, surveys are also vulnerable to non-response. This means respondents may not be too thrilled with providing you with answers. Some respondents may respond to a few questions, making the entire survey useless. Other respondents may refuse…
-
How to Create Effective Market Research Questions
When it comes to market research, creating effective questions for customer interviews, focus groups, and other similar research formats can be challenging. As a marketer, you want to be able to ask the right questions that can garner the information that you want without overwhelming or misleading your interviewee. For instance, interview questions that encourage a particular response from your customers or try to undermine your competitors’ offerings can come off as disingenuous. These types of questions also prevent you from achieving your market research goals, which, in turn, halts your marketing efforts, whether it’s developing a strategy or helping a client launch a new product. So how do you…
-
3 Reasons Why Market Research is Important for Marketers
The importance of market research cannot be stated enough. When done correctly, market research can provide you with countless insights that allow you to make important decisions—whether it’s for your personal brand or your client’s business. Of course, for many marketers (and business owners), it’s easy to just delve into secondary research sources and derive your insights from there. You’d likely rather skim over market research and start diving into the action by marketing products or services right away. However, market research plays a big role in any business, regardless of its respective industry. In this blog, we’ll explore 3 reasons why market research is important to you as a…
