Market Research Services Category
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Desk Research: What It Is and How You Can Use It
Posted at: 8/4/2023 12:30 PM
Access to reliable and relevant information is crucial for making informed decisions and staying ahead of the competition. This is where desk research, also known as secondary research or library research, proves to be an indispensable tool. By harnessing existing sources of data, from published reports and academic papers to market studies and industry analyses, desk research empowers individuals and organizations to delve into a wealth of knowledge without the need for expensive and time-con
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Bank & Credit Union Market Research Options to Consider in 2023
Posted at: 4/7/2023 12:30 PM
As financial institutions face increasing competition and changing customer expectations, it's essential to stay up-to-date on the latest industry trends and consumer preferences. Luckily, there are several bank and credit union market research options that can provide valuable insights into customer behavior, industry trends, and competitive landscape. For financial services organizations looking to gain a competitive edge, market research can also help inform strategic decision-making, imp
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12 Types of Market Research to Consider in 2023
Posted at: 3/30/2023 12:30 PM
Today’s business decision-maker has an abundance of marketing research services available to them. Understanding what market research is and how best to use research methodologies to your advantage is vital in reaching your target customers and increasing ROI. In this ultimate guide, our market research company will discuss 12 types of market research as well as their pros and cons. The most common types of market research include: Online Surveys Phone Surveys Omnibus Surveys Mail Surve
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Benefits of Using a Third-Party Market Research Firm
Posted at: 10/27/2022 12:30 PM
So, you’ve made the decision–you want to dive into market research to help boost your business somehow. When it comes to conducting market research, your organization has two choices: Conduct the study through DIY market research Conduct the study using a third-party market research firm I suppose a third choice exists of not doing the market research at all, but we wouldn't recommend this. Each of the first two options provides its own unique advantages and disadvantages. As a third-par
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What are the Benefits of Market Research?
Posted at: 7/14/2022 12:30 PM
What are the benefits of market research? There are plenty. Put simply, the advantages of conducting marketing research center around 3 key areas: Strategic benefits Marketing benefits Operational benefits Market research is typically used to address at least one of and sometimes all three of these outcomes. Choose to complete market research and you should expect a standing ovation from all of your colleagues. It's that good of a decision. What Types of Businesses Use Market Researc
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How to Write a Market Research Request for Proposal [+ Free Template]
Posted at: 7/6/2022 12:30 PM
Writing a market research request for proposal (RFP) can seem like a daunting and overwhelming task. The RFP process involves a lot of time, energy, and information gathering. This of course is all the work that comes before you've even started the massive task of reviewing the submissions and selecting a vendor. Oftentimes it takes days if not weeks to review all the submissions as a team and find the best market research company that fits your needs. But that's a little down the road for
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How Long Does Market Research Take?
Posted at: 6/29/2022 12:30 PM
From focus groups to in-depth interviews to surveys, are you left wondering how long market research actually takes? In truth, the answer is that your market research timeline depends on many factors. However, we can provide some more information and context to those timelines below. There are several different factors involved which impact timelines for market research, but the biggest factors are: Understanding the objectives of the research. Developing an effective market research metho
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Market Research: Is In-House or Outsourced Better?
Posted at: 6/1/2022 12:30 PM
Market research is one of the most crucial things a company can invest in as part of their digital marketing, sales, or overall business strategy. Various types of market research methodologies help an organization understand: Customer satisfaction Competition Pricing models Consumers habits Market trends Product or project feasibility Employee engagement Overall, quantitative and qualitative market research strategies help companies investigate and answer questions that influence the
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How Can Market Research Help a Business?
Posted at: 3/23/2022 12:30 PM
Market research can help a business in a number of ways. It works as a true investment for an organization. Conducting market research ensures a higher chance of business success, reduces risk in your strategy and helps your product and services match the needs of your customers or potential customers. However, there are still a number of businesses and organizations who decide not to use it. They feel as though they know the answers, their perspective is the only one that matters, or they
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9 Signs You Should Invest in Market Research
Posted at: 2/2/2022 1:30 PM
Market research. Do I need to invest in it? Why do I need it? What can it answer for me? What will I get for ROI? How do I know if I need it? Unlike marketing or advertising, market research is a very specialized and niche service offered by very few firms in local and regional markets. Because so many small and mid-size businesses use it infrequently, it's hard to determine when you should invest in market research and when you shouldn't. Well, our national market research company is here
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Benefits of Using a Third-Party Market Research Panel
Posted at: 8/27/2021 12:30 PM
What if I told you the potential to learn from consumers and customers quickly to drive decision-making is easy and is right in front of you? I think we’d be in agreement that it’s something worth exploring! Third-party market research panels offer just that – a quick and easy way to get feedback from consumers. Better yet, they are available right in the palm of our hands whenever you need it. What if I told you the potential to learn from consumers and customers quickly to drive decision-mak
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Focus Groups vs. Online Surveys: How to Choose a Market Research Methodology
Posted at: 6/22/2021 6:47 PM
Market research is one of the most important things a company can invest in as part of its business, marketing, and sales strategy. It can help an organization begin to fully understand its competition, market trends, as well as consumers’ wants, needs, and purchasing behaviors. While conducting market research is extremely beneficial, it can be challenging to choose what type of methodology best meets a company's unique goals and objectives. For instance, focus groups are a popular qualitati