Showing posts with label Market Research Consulting. Show all posts
Showing posts with label Market Research Consulting. Show all posts

Monday, 13 June 2016

How a Market Research Specialist Can Trim Down Your Budget

Market Research Specialist
Spending on a market research specialist can save you millions by avoiding expensive mistakes in product development or hasty expansion.

The Indian market is a complex place. Today businesses have to deal with aware consumers, all-pervasive communication channels, governments, aggressive competition and complex logistics. As a result marketing has become increasingly specialised.
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Saturday, 14 May 2016

What to Look For When Hiring Indian Qualitative Research Agency

qualitative research agencyWhen hiring an Indian qualitative research agency, just going with a reputed name is not enough. There are some factors you must consider before you decide your pick.

While the global economy has slowed down, the Indian markets have shown remarkable resilience. This has prompted more and more international firms from countries like Singapore and UK to break into the Indian market. 

However, the complexity of the Indian market makes this is easier said than done.
The Indian market is unique with distinct customs, traditions and often confusing legalities –– conditions that foreign firms often find difficult to deal with. Indian qualitative research agencies provide the right solution for these foreign companies. They provide a valuable insight into the local markets, helping their foreign clients to formulate plans and minimise risks.

The dilemma then lies in which firm to hire. Today there are a number of successful research agencies working in India. You can go through the usual method of searching among your friends and acquaintances for the most suitable agency. But there are some factors you must consider before selecting one:

Experience: Nothing can beat experience in any field. An experienced firm has the contacts, the know-how to gather the correct information and the skill to analyse it. But experience can also mean the tendency to stick to established methods and lack of innovation.

On the other hand lack of experience may not always be a bad thing. New firms are hungry for success and making their mark. They are also more likely to think out of the box and come up with unique ideas. So, rather than looking for experience in your firm, look for experience of your team. A mix of old and new could be just the balance that you are looking for.

Past campaigns: Ask the agency for their past campaigns. This will give you a good idea of their work mode. You are not necessarily looking for experience in your field. Rather look for the way they handled each individual campaign –– their innovative thinking or ability to come up with new ideas.

You can also ask them for references. Follow these up and call their past clients to hear about their own experience. How did the agency handle complicated assignments? How flexible were they? Did they communicate frequently and were available for any queries?

Know your team: Chances are that your first meeting will be with agency representatives. Now ask to meet the team you will work with. You are looking for good communication and analysing skills. So, do not hesitate to ask for your team’s track record. Since you are looking for an Indian qualitative research agency, you may want people with experience in dealing with the Indian market.

Mode of gathering information: With a qualitative research agency the mode of gathering and analysing information is the most basic factor. What are the various ways the agency uses to gather information? Be clear on how this will be done. Ask for a sample questionnaire. The questions should be engaging, open-ended and give you insight into the respondent’s mind.

Ref:- http://www.articlesbase.com/marketing-tips-articles/what-to-look-for-when-hiring-indian-qualitative-research-agency-7441631.html
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Friday, 4 March 2016

How Market Research Can Improve Your Business Strategy

Market Research ConsultingBusinesses often hire market research consulting firms for strategic research. This deals with consumer, product and branding strategies.

No business can succeed without a strategy in place. Whether it is a small family-run concern or a multi-national conglomerate, a sound strategy is the very foundation on which a business is built. The more comprehensive the plan, the more likely is the business to optimise its performance and deal with challenges.
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Wednesday, 27 January 2016

Questions You Should Ask Your Market Research Consulting Team

Market Research Consulting
Interviewing a market research firm before you hire it is critical. These are the five key questions that you must ask to make the right decision. 

Given its specialised nature, market research is often outsourced to a consulting firm. This way you can get access to an expert workforce at your own convenience. However, this is often easier said than done. With the number of research firms in the market today, picking one can be difficult. 
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Sunday, 24 January 2016

How Marketing Strategy Consultants Can Help you Develop Your Product

Marketing strategy consultants are often hired for product development. They provide useful insight into consumer behaviour, preferences and trends.

Marketing Strategy ConsultantsMarketing strategy is a complex field with many applications. Most people see it as an after-sales product, used only to improve sales tactics. However, in reality good market strategy begins earlier, from the very development of the product. Marketing strategy consultants are often roped in at this initial stages for the following functions:

Insight mining: Marketing strategy consultants often use a mix of quantitative and qualitative research to gain insight into consumer behaviour. Old research as well as focus groups, observation and even social media are used to gain an insight into consumer trends, ideas, expectations and behaviour.
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Wednesday, 30 December 2015

4 Awesome Online Market Brand Building Strategy Tips

Building your brand on the web is no longer optional. We present the top market brand building strategy tips to conquer the internet.
Online Market Brand Building StrategyThe world is on the web today. From your neighbour to the handyman, everyone has access to the internet. So, whether you run a small firm or a giant conglomerate, online branding is not something you can ignore. We tell you the four essential tools to build your brand on the web:
Create relevant content: This goes far beyond building a functional website. Create content that is useful to your users. Just creating a presence
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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.
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Saturday, 3 October 2015

Why Market Research Consulting is Vital in Product Development

Timely, well-planned and executed market research consulting can be critical in product development. It aims to demystify the market mindset and the required changes for optimal growth. 

Product development usually encompasses two aspects –– launching a new product or bringing improvements to an existing one. It can be seen as the natural cycle of any product –– from its launch to its old age. In the context of todays ever changing market, planned product development is not a marketing fad, but a critical requirement.

Market research can play a crucial role in product development. Big companies spend millions of dollars through their R&D departments for just this purpose. Market research consulting is another affordable alternative. But first let us see how a consultant can help in product development.
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Monday, 7 September 2015

Why Marketing Research Important for Gathering Business



A Marketing Research Company is important for gathering Business Intelligence for paving the Path of Success for new product launch or business launch or a re-launch. It can help you move your brand from where it currently stands to where you want it to be.

Lots of thinking and strategic planning is required for the successful launch of any new business, be it, a Marketing Research Company itself. A few important steps to be kept in mind are:

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Saturday, 22 August 2015

Market Research Consulting – An Important Success Tool For Every Business

Market Research Consulting is critical in today’s competitive world – with many MNCs entering the Indian market, aiming to increase their market share and raise their profit percentage. This has obviously given tough competition to the Indian entrepreneur to improve their products/services in the market and be at par with their competitors.
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Thursday, 20 August 2015

Marketing Research for NPD



A Market Research in the right direction and with the help of an experienced Market Research Analyst can help reduce the chances of failure and pave a winning path for a ‘New’ product launch or an ‘Old’ products re-launch.
In Product Development, Market Research (mix of both qualitative & quantitative) comes in as a very handy tool to assess market potential and ensure a deep-rooted product/concept, by helping with accurate need analysis.
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