Showing posts with label market research company in Delhi. Show all posts
Showing posts with label market research company in Delhi. Show all posts

Friday, 7 October 2016

Speaking Local with Market Research Companies in India

Business communications has never been as important as it is today. With the internet opening up the world and making it a really small place, it is important to understand how we can make communication work for us. It is, after all, our means of connecting with the public at large and our own work force.

The other facet of this is the growing importance of localizing communication efforts. Businesses are fast realizing that even as we gain access to more and more of the world’s market, their communication strategies should become more localized. This is where Market Research Companies in India play an important role.

An Indian agency brings its expert knowledge on local culture that can have a critical effect on communication strategy. For overseas firms from countries like UK and Singapore they can make a crucial difference. This local knowledge can help them avoid mistakes and tailor their communication for maximum effectiveness.

There are a number of areas that come under business communications. It includes all avenues of interacting with the general public, such as:

Advertising
Memos, manuals etc
Public relation
Direct sales
Signages
Exhibition or trade show experiences
Social media
Flyers, e-mails and other direct communication

Usually an organization’s communication strategy is combination of all these. These are both direct and indirect means. The challenge lies in molding all these channels according to the market, business needs and changing environment. Market research is the only means of achieving that. Some of the way in which market research can make a difference is:

Understanding the language: This is not just important for overseas firm who are unaware of local language nuances. It is also important for established local firms. This is because how we communicate changes with time. In India there is also the added complication of regional languages and cultures. A Market Research Company in India works to understand how people are talking to each other, what are their taboos and the language they use?

Understanding brand positioning:
This may come under branding, but it is communication research that tells us how a brand is positioned in the market. Media chatter and direct market research can tell us where the brand is positioned.

Research also tells us about brand identity. How do people see it? Do they understand its philosophy? How good is the brand recall and how effective is the brand development strategy. It is also essential to see how various communication means project a cohesive brand position.

Improving effectiveness of information packages: Businesses often issue public information packages. These could be concerned with the product or service like an instruction manual or communiqués about the company activities. In both cases there are business goals. Research focuses on the effectiveness of these messages. Do the people understand the instructions? Are these easy to follow? Does it answer any query that the user may have?

Evaluating ad effectiveness: Advertisements are essential tools for any business and they spend millions on ad campaigns. But just how effective are these strategies? Advertising research is a vast research field and covers a number of important issues. Do the people understand the message conveyed? How close is it to the company philosophy? Does it generate curiosity? How many people are motivated to go and buy the product after seeing the ad? How many people remember the ad later on?

Gauging social media chatter: The social media has become an important point of communication today. It can give us crucial clues on how people are talking about the brand, product or service. It can be particularly useful for quick research, such as gauging initial reaction to a product launch.

Improving mail communications: The mailers of old have received a new lease of life with e-mails. But the truth is that most people just junk the mail as soon as they receive it. The challenge then lies in keeping the attention of those who do click on your mail. The key is in understanding what people want to read.

For instance, market research for a woman clothing manufacturer shows that the most common past-time for its target users was reading fashion magazines to understand fashion trends. Consequently, the company mailers started including news on the fashion world with tips and trends.

These are just some of the ways and means through which a Market Research Company in India can improve and hone business communication.
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Sunday, 15 May 2016

How Market Research Services in India Can Give You a Local Edge

For foreign firms eyeing the lucrative Indian market, research services in India have made all the difference. The right data can help in every facet from production, branding and marketing.

Of late a number of International firms have entered successfully in the Indian market. While a few have failed to make any significant impact, many are thriving in their subcontinental avatar. In fact, for many UK and Singapore firms, the Indian market has become a major source of revenue.
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Tuesday, 12 April 2016

Why Your Pharma Company Needs Market Research Services India

Market Research Services India
Given its sheer number, India is a potent market for the pharmaceutical industry. But its complexity and unique local market situations need deft and knowledgeable firms offering market research services in India.

The presence of market research in the pharmaceutical industry has been long established. Research is often paired with development and is an important aspect of strategy planning. Its role is highly respected and its results are considered crucial in the companys development.
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Saturday, 9 January 2016

What Top Market Research Companies are Predicting for 2016

As 2015 comes to a close, we focus on what comes next. Top market research companies tell us about the big ideas that will shape 2016.

In market research it pays to stay ahead of the curve. A good researcher stays in tune with the latest trends and technological advances. It is imperative that one knows what to expect, the upcoming trends and technologies. Ignorance
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Sunday, 13 December 2015

Why Hiring a Market Research Company is Economical in the Long Run

Although a market research company in Delhi will involve extra expense in the short run, its economic benefits far outweigh any concerns you may have.

Despite the proven effectiveness of market research many business owners still hesitate before hiring a research agency. They deem it too expensive or a completely unnecessary. As a result, many companies simply choose to go with things as they are. However, this is an extremely shortsighted approach.

A market research company in Delhi may cost you a few pennies today, but in the long run it
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Friday, 4 September 2015

Tools for insight mining and Market Research that every Qualitative Research Agency should know about

Market research is imperative for mining consumer insights. Here we are listing some more means that qualitative researchers use to understand customer behaviour. Research outcomes can then be applied to business.
The organization I work with, Coral Research Services is an Indian qualitative market research firm where research is done to know the consumer’s attitude and behaviour towards a particular product or service or category. My team first defines a problem related to the products and service, and then develops an approach towards the problem’s solution.
In my previous blogs, I have mentioned some ways in which we can assess consumer attitude, behaviour etc. Here I continue telling you about different qualitative market research tools
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Tuesday, 25 August 2015

Market Research – Critical Tool for Business Growth


Market research agencies are critical for businesses to gain consumer insights. Here are some market research methods that we use in my office, Coral Research Services, New Delhi.
If I said, “ Market Research has become an important tool for every business organization to grow in the market ”, I wouldn’t really be off the mark. Having worked in market research for all these years, I have seen that all leading companies who want to grow and prosper, commission Market Research. I got insights of various types of researches that a company seeks from a Market Research Firm in order to keep up with market trends and to maintain a competitive edge.
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