Sunday 29 November 2015

How Market Research Consulting Can Help in Better Brand Promotion

Market research consulting is a critical element is developing and evaluating any brand promotion campaign.

A key element of any marketing strategy is brand promotion. The creation of a brand that has wide recognition and instant recall value is the ultimate aim of any promotion strategy. Market research has emerged as a critical tool in this. It can help in building the right plan of action, expansion and constant evaluation.

Ad copy testing: One of the most common function faced by most market research consulting firms is ad copy testing. How effective is the ad copy in getting your message across? Do people understand what your ad is saying? Do they find it offensive, confusing or hard to understand? Is it making any actual impact? Sometimes a copy may need major overhaul, while sometimes a minute adjustment would do.
Brand expansion
One of the benefits of a well known brand is its ability to be expanded across board. But it is important to conduct marketing research to see if this expansion is profitable for you. Research will focus on brand ability to be transferred, whether users identify with the brand or not. A thorough study is important to determine whether the expansion will hurt the current value of the brand or not.
Evaluation
The success of any promotional campaign cannot be taken for granted. Remember, brand promotion is a long-term drive. Hence, it is necessary to constantly evaluate and modify your strategy. Evaluation focuses on the success of the campaign, brand recall value, its goodwill. In case of long-term campaigns, research is used to gauge the effect the changing trends, viewer’s perception and the long-term effectiveness of promotion strategy.
Hence, market research consulting is essential in developing your promotion campaign and determining its effectiveness. The eventual aim is to create a dynamic and effective campaign.

Ref: - http://www.coralresearch.in/blog/2015/11/28/how-market-research-consulting-can-help-in-better-brand-promotion/
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