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The analysis could be done around various things such as how respondents felt after
watching the ad, their facial expression. A wider survey, post the ad, can provide
more information about how they felt and their feedback.
Often changes are made when an ad is shown in different demographics to connect
with the audience of that particular area. Copy testing also evaluates ad on
demographics.
Tracking studies
A tracking study analyzes the changing views of a single group of
consumers, making it an effective tool for market research. Tracking
studies allow business owners to measure brand awareness, monitor
customer satisfaction, study consumer sentiment concerning a new
product or service, or analyze the effectiveness of a particular
marketing campaign.
Tracking study is longitudinal, which means it examines the changing
views of the same people over a period of time. In contrast, a
latitudinal, or cross-sectional, study analyzes views at a single point in
time. While you can perform a series of latitudinal studies, any opinion
changes you uncover might be due to the fact you’re studying different
groups of people. In other words, a tracking study gives you confidence
that shifts in consumer sentiment reflect actual changes, because
you’re asking the same people the same questions at different times.
The marketing research process
With constant change being the norm in marketing and business, one thing
remains the same: the need for marketing research. Marketing research is a
helpful tool for organizations to better identify marketing strategies and
evaluate business decisions using data. Just as you wouldn’t go on vacation
without making any plans, you shouldn’t design marketing strategies
without backing them with research and data. In short, the marketing
research process is the backbone of informed business and marketing
decisions.
5 Steps on the Marketing Research Process
There are five steps in the market research process that will enable you
to gather and understand the information that is needed to determine
how best to meet your needs.
Step 1 – Locating and Defining Issues or Problems
This step focuses on uncovering the nature and boundaries of a situation or question related to marketing strategy or
implementation. In defining the issues or problems, the researcher should take into account the purpose of the study,
the relevant background information, what information is needed, and how it will be used in decision making.
Step 2 – Designing the Research Project
This step is focused on creating a research plan or overall approach on how you are going to solve
the issue or problem identified. A research plan or approach is a framework or blueprint for
conducting the marketing research project. It details the procedures necessary for obtaining the
required information, and its purpose is to design a study that will test the hypotheses of interest,
determine possible answers to the research questions, and provide the information needed for
decision making.
The research design involves the following steps:
1.Secondary data analysis
2.Qualitative research
3.Methods of collecting quantitative data (survey, observation, and experimentation)
4.Definition of the information needed
5.Measurement and scaling procedures
6.Questionnaire design
7.Sampling process and sample size
8.Plan of data analysi
Step 3 – Collecting Data
This step revolved around obtaining the information that you will need
to solve the issue or problem identified. Data collection involves a field
force or staff that operates either in the field, as in the case of personal
interviewing (in-home, mall intercept, or computer-assisted personal
interviewing), from an office by telephone (telephone or computer-
assisted telephone interviewing), or through the mail (traditional mail
and mail panel surveys with recruited households).
Step 4 – Interpreting Research Data
This step is focused on examining the data and coming up with a
conclusion that solves the problem.
Step 5 – Report Research Findings
The final step is to report the research findings to those who need the
data to make decisions. The findings should be presented in a
comprehensible format so that they can be readily used in the decision-
making process. In addition, an oral presentation should be made to
management using tables, figures, and graphs to enhance clarity and
impact.
Preparation of research report