Basic Market Research process and Online Market Research methodology

Market research is an organized and logical process of extracting, collecting analyzing and documenting information about customers, competition, market trends and relevant events. The basic objective of market research is to discover more information about business intelligence that in turn helps in improving decision-making process for your business.

Basic Market research process involves following steps:
• Goal of Marketing research
• Classification of Information required
• Define research methodology
• Preliminary research
• Documentation & Analysis
• Secondary research
• Final Report making
• Presentation of research outcomes

The first step in Marketing research is to define the goals of the research activity. For example, to determine the customer satisfaction of recently launched toothpaste variant can be the research topic for your marketing strategy.

Classification of Information helps you define possible sources of data. It can be well identified by conducting a consumer survey online or offline.

The Research methodology is a conceptual framework for discovering, extracting and analyzing potential data and helps researcher relate the research goal correctly. Any kind of Research methodology contains basic attributes like Sampling work, Survey or Questionnaire preparation, Field work and Constructive analysis.

Preliminary research requires collection of data from the reliable sources such as web, directories, customers, vendors and many more. The data collected through primary research are documented and analyzed to present the outcomes and recommendations in effective manner. The Secondary research is carried out to support and justify stringent findings provided in primary research report.

An official Research report presentation contains following heads:
• Table of contents
• Forward
• Research goals
• Research methodology
• Online/Offline Survey or Questionnaire samples
• Data collection & Analysis
• Research outcomes
• Challenges
• Recommendations

The market research report helps resolve current strategic issues and take appropriate business decisions. Find more details at http://www.outsourcingwebresearch.com/services.php
Email us your specific queries at info@outsourcingwebresearch.com

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