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Champ Consulting: Six Frequently Asked Questions and Answers for Market Research Companies

2024-07-18 09:24:44 Source: Champu Consulting Visits:0

What is the service content and process of 1. market research company?

The services of the market research company mainly include the following aspects:

Market analysis: by collecting and analyzing the basic information of the market, such as market size, market structure, market growth rate, market share, market segmentation, etc., to help enterprises understand the current situation and development direction of the market.

Competitive analysis: By collecting and analyzing competitors' information, such as competitors' products, prices, channels, marketing strategies, advantages and disadvantages, etc., to help companies understand the competitive environment and competitive advantages.

Demand analysis: By collecting and analyzing information about potential and existing customers, such as customer needs, preferences, satisfaction, loyalty, purchase behavior, purchase motivation, etc., to help companies understand customer needs and expectations.

Opportunity analysis: by collecting and analyzing market opportunities and threats, such as market trends, emerging markets, new technologies, new regulations, new risks, etc., to help companies identify and grasp market opportunities and challenges.

Strategic recommendations: According to the results of market analysis, competition analysis, demand analysis and opportunity analysis, to provide enterprises with targeted market strategy recommendations, such as product strategy, price strategy, channel strategy, marketing strategy, innovation strategy, etc., to help enterprises achieve market goals and optimize market performance.

The service process of a market research company generally includes the following steps:

Determine the purpose and scope of research: communicate with customers, understand their market problems and needs, clarify the purpose and scope of research, and formulate research plans and budgets.

Design research programs and tools: according to the purpose and scope of the research, select the appropriate research methods and tools, such as questionnaires, in-depth interviews, focus groups, observation methods, experimental methods, etc., design research programs and tools, such as research objects, samples, time, place, content, methods, etc.

Implementation of research and data collection: in accordance with the research program and tools, the implementation of research, the collection of market-related data, such as first-hand data and second-hand data, quantitative data and qualitative data, subjective data and objective data.

Analyze and interpret data: clean, organize, classify, summarize, count, analyze and interpret the collected data, and use appropriate data analysis methods and tools, such as descriptive analysis, inferential analysis, correlation analysis, regression analysis, factor analysis, cluster analysis, text analysis, visual analysis, etc., to extract the meaning and value of the data.

Presentation and reporting of results: based on the analysis and interpretation of the data, presentation and reporting of the results of the survey, using appropriate presentation and reporting methods, such as charts, graphics, text, voice, video, etc., using appropriate presentation and reporting structures, such as background, purpose, methodology, results,Conclusion, recommendations, etc., using an appropriate presentation and reporting style, such as objective, professional, clear, persuasive, etc.

Provide follow-up services: keep in touch with customers, understand customers' feedback and evaluation of research results, and provide follow-up services, such as answering customers' questions, providing data updates, providing strategy implementation and evaluation, etc.

How do 2. market research companies choose the right research methods and tools?

Market research companies to choose the right research methods and tools, need to consider the following factors:

Purpose and scope of research: Different research purposes and scope require different research methods and tools. For example, if the purpose of the research is to understand the basic situation of the market, then more extensive and simple research methods and tools can be used, such as questionnaires, web searches, industry reports, etc.; if the purpose of the research is to understand the deep-seated problems of the market, then More in-depth and complex research methods and tools can be used, such as in-depth interviews, focus groups, experimental methods, etc.

Research objects and samples: Different research objects and samples require different research methods and tools. For example, if the object of the survey is mass consumers, then more extensive and convenient research methods and tools can be used, such as telephone survey, online survey, street survey, etc.; if the object of the survey is professionals, then more professional and accurate research methods and tools can be used, such as email survey, interview survey, expert consultation, expert discussion, etc. In addition, the size, distribution and representativeness of the sample will also affect the choice of research methods and tools.

Time and cost of research: different research time and cost require different research methods and tools. For example, if the time for research is more urgent, then more rapid and convenient research methods and tools can be used, such as online surveys, second-hand data, online analysis, etc.; if the time for research is more abundant, then more time-consuming and sophisticated research methods and tools can be used, such as interview surveys, experimental methods, on-site analysis, etc.

Similarly, if the cost of research is relatively limited, then more economical and effective research methods and tools can be used, such as telephone surveys, online surveys, second-hand data, etc. If the cost of research is sufficient, then more expensive and high-quality research methods and tools can be used, such as interview surveys, experimental methods, expert consultation, etc.

Research data and results: Different research data and results require different research methods and tools. For example, if the survey data is quantitative, then more mathematical and statistical research methods and tools can be used, such as questionnaires, experimental methods, regression analysis, cluster analysis, etc. If the survey data are qualitative, then more linguistic and psychological research methods and tools can be used, such as in-depth interviews, focus groups, text analysis, emotional analysis, etc.

Similarly, if the results of the survey are descriptive, then more intuitive and simple presentation and reporting methods can be used, such as charts, graphs, text, etc., and if the results of the survey are inferential, then more logical and complex presentation and reporting methods can be used, such as models, formulas, arguments, etc.

Market research companies in the choice of appropriate research methods and tools, but also need to consider the needs and expectations of customers, as well as the characteristics and laws of the market, flexible use of a variety of research methods and tools, effective combination and collocation, in order to achieve the best research results.

How do 3. market research companies ensure the quality and validity of research data?

Market research companies to ensure the quality and effectiveness of research data, need from the following aspects:

Design stage: When designing research programs and tools, it is necessary to ensure that the objects, samples, contents and methods of the research can effectively reflect the real situation of the market and avoid deviations and errors. For example, it is necessary to choose appropriate sampling methods, such as random sampling, stratified sampling, group sampling, etc., to ensure the representativeness and randomness of the samples; it is necessary to design a reasonable questionnaire structure, such as single-choice questions, multiple-choice questions, fill-in questions, scale questions, etc., to ensure the integrity and operability of the questionnaire; it is necessary to formulate clear interview guidelines, such as interview purpose, interview objects, interview content, interview skills, to ensure the pertinence and effectiveness of the interview.

Implementation phase: When conducting research and collecting data, it is necessary to ensure that the research process and the source of the data can effectively ensure the authenticity and accuracy of the data and avoid distortion and loss. For example, it is necessary to choose appropriate research channels, such as telephone, internet, email, face-to-face, etc., to ensure the coverage and response rate of the research; it is necessary to choose appropriate research time, such as working days, weekends, holidays, morning, middle and evening, etc., to ensure the timeliness and suitability of the research; it is necessary to select appropriate researchers, such as professional researchers, trained researchers, customer researchers, etc, to ensure the professionalism and neutrality of the research.

Analysis phase: When analyzing and interpreting data, it is necessary to ensure that the processing and analysis of the data can effectively ensure the integrity and reliability of the data and avoid omissions and misleading. For example, it is necessary to clean, sort, classify and summarize the data to eliminate the noise and abnormal values of the data and improve the quality and consistency of the data. It is necessary to make statistics, analysis and interpretation of the data to extract the meaning and value of the data by using the rules and relationships of the data. It is necessary to verify, test and evaluate the data to detect the assumptions and conclusions of the data, confirm the validity and reliability of the data.

When ensuring the quality and effectiveness of research data, market research companies also need to follow the basic principles and standards of market research, such as objectivity, systematicness, scientificity, practicality, etc., and abide by the relevant laws and ethics of market research, such as protecting the security, confidentiality and legitimacy of data, so as to improve the level and quality of research data.

How do 4. market research companies analyze and present research results?

The market research company needs to analyze and present the research results from the following aspects:

Analysis objectives and methods: When analyzing research data, market research companies need to clarify the objectives and methods of analysis, and select appropriate analysis methods and tools according to different research purposes and data types to achieve the best analysis results.

For example, if the goal of the analysis is to describe the basic situation of the market, then descriptive analysis methods and tools, such as average, standard deviation, frequency, percentage, etc., can be used to summarize and summarize the characteristics and distribution of the data; If the goal of the analysis is to infer the deep-seated problems of the market, then inferential analysis methods and tools can be used, such as correlation analysis, regression analysis, factor analysis, cluster analysis, etc, to discover and interpret data relationships and impacts.

Presentation form and method: When presenting research results, market research companies need to consider the presentation form and method, and choose the appropriate presentation and reporting method according to different research results and customer needs to achieve the best presentation effect. For example, if the results presented are quantitative, charts, graphs, numbers, etc. can be used to visually and clearly show the quantification and comparison of data;

If the results presented are qualitative, then text, voice, video, etc. can be used to show the content and emotion of the data in detail and vividly. In addition, it is also necessary to consider the media and channels of presentation, such as paper reports, electronic reports, presentations, network platforms, etc., to adapt to different presentation sites and objects.

Presentation structure and content: When presenting research results, market research companies need to follow a certain presentation structure and content, and choose the appropriate presentation and reporting structure according to different research purposes and results to achieve the best presentation effect. For example, the general presentation and reporting structure includes the following parts: background, purpose, methods, results, conclusions, recommendations, etc. Each part needs to have a clear title, a concise summary, detailed text, appropriate references, etc. To ensure the completeness and logic of the presentation and report.

In addition, attention needs to be paid to the quality and style of the content presented and reported, such as objectivity, professionalism, clarity, persuasiveness, etc., to ensure the credibility and impact of the presentation and report.

When analyzing and presenting the research results, the market research company also needs to constantly revise and improve according to the feedback and evaluation of customers, so as to improve the level and quality of the research results.

How do 5. market research companies communicate and cooperate with customers?

Market research companies need to communicate and cooperate with customers from the following aspects:

Building trust and respect: The relationship between market research companies and customers is a cooperative relationship based on trust and respect. It requires the integrity and dedication of both parties to establish and maintain a good cooperative relationship. For example, market research companies need to understand and respect customers' market problems and needs, provide professional and suitable market research services, ensure the quality and effectiveness of research, and protect customers' interests and privacy; customers need to understand and respect the professional ability and working methods of market research companies, provide necessary and reasonable market information and support, ensure the smooth and reasonable research, and protect the rights and interests and reputation of market research companies.

Establish communication and collaboration: The cooperation between market research companies and customers is a cooperative process based on communication and collaboration, which requires communication and collaboration between both parties to achieve and optimize the effect of cooperation. For example, market research companies need to maintain effective and timely communication with customers, such as determining the purpose and scope of research, designing research programs and tools, implementing research and collecting data, analyzing and presenting research results, providing follow-up services, etc., timely understanding of customer feedback and evaluation, timely adjustment and improvement of research programs and results;

Customers need to maintain effective and timely communication with the market research company, such as providing market problems and needs, providing market information and support, participating in the research process and results, providing feedback and evaluation, providing follow-up needs and cooperation, etc., and timely understand the progress and results of the market research company, and timely propose and solve problems and difficulties.

Establish learning and win-win: The cooperation between market research companies and customers is a kind of cooperation result based on learning and win-win, which requires the learning and win-win of both parties to enhance and expand the value of cooperation. For example, market research companies need to learn from the market problems and needs of customers, improve their own market knowledge and professional skills, expand their own market vision and innovative thinking, and improve their own market competitiveness and influence; customers need to learn from the market analysis and strategic suggestions of market research companies, improve their own market decision-making and execution capabilities, and expand their own market opportunities and challenges, improve their own market performance and efficiency.

The communication and cooperation between market research companies and customers is an important part of market research services and one of the core competitiveness of market research companies. Market research companies need to continuously optimize and innovate to achieve long-term and stable cooperation with customers. relationship.

How do 6. market research companies respond to market changes and competitive pressures?

Market research companies to respond to market changes and competitive pressures, need to be carried out from the following aspects:

Pay attention to market dynamics and trends: market research companies need to always pay attention to market dynamics and trends, such as market demand, competition, opportunities, threats, changes, etc., as well as market influencing factors, such as technology, regulations, society, culture, environment, etc., To discover and grasp market changes and opportunities in a timely manner, and to respond to and avoid market threats and risks in a timely manner.

Market research companies can collect and analyze market information and data, establish and update market databases and knowledge bases, form and revise market analysis and forecasts, and formulate and adjust market strategies and actions through a variety of channels and methods, such as the Internet, media, industry, experts, customers, etc.

Focus on competitors and advantages: market research companies need to focus on competitors and advantages at all times, such as competitors' products, services, prices, channels, marketing, innovation, advantages, disadvantages, etc., as well as their own products, services, prices, channels, marketing, innovation, advantages, disadvantages, etc., to understand and compare their own and competitors' market performance and competitiveness in a reasonable time, discover and highlight your competitive advantages in a timely manner, and improve and compensate for your competitive disadvantages in a timely manner.

Market research companies can collect and analyze competitors' information and data, establish and update competitors' databases and knowledge bases, form and revise competitors' analysis and evaluation, and formulate and adjust competitors' strategies and actions through a variety of channels and methods, such as the Internet, media, industry, experts, customers, etc.

Pay attention to customer needs and satisfaction: market research companies need to always pay attention to customer needs and satisfaction, such as customer market problems, needs, expectations, preferences, satisfaction, loyalty, feedback, evaluation, etc., to understand and meet customer market needs and expectations in a timely manner, to improve and maintain customer market satisfaction and loyalty in a timely manner, and to obtain and increase customer market feedback and evaluation in a timely manner.

Market research companies can maintain effective and timely communication and contact with customers through a variety of channels and methods, such as network, telephone, mail, face-to-face, etc., collect and analyze customer information and data, establish and update customer databases and knowledge bases, form and revise customer analysis and suggestions, and formulate and adjust customer strategies and actions.




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  • On July 05, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for the "In-process Plastic Market Research Project in the Automotive Sector. The customer said: The project report completed by Shangpu Consulting in cooperation with our company is due to the wide range of projects and strong professional products. Thank you very much for the professional and detailed market research report of Shangpu Consulting. I look forward to cooperating again next time and wish Shangpu Consulting by going up one storey! Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!

  • On July 05, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for the "Research Project of the Network Designated City Transport Company. The customer said: The market research project provided by Shangpu Consulting for our company has provided us with a valuable reference basis for objectively evaluating the current market situation of the industry and achieved the expected goal. I also wish Champ Consulting the development of by going up one storey! Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!

  • On July 07, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for "A Brand Sales Leading Research Project in the Water Purifier Industry. The customer said: The market research project provided by Shangpu Consulting for our company has provided us with a valuable reference basis for objectively evaluating the current market situation of the industry and achieved the expected goal. I also wish Champ Consulting the development of by going up one storey! Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!

  • July 07, 2020, Shangpu Consulting received a satisfaction evaluation sheet from the customer's "Lithium Battery Enterprise Sales Strategy and Production Cost Research Project. The customer said: The market research project provided by Shangpu Consulting for our company has provided us with a valuable reference basis for objectively evaluating the current market situation of the industry and achieved the expected goal. I also wish Champ Consulting the development of by going up one storey! Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!

  • On July 07, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for the "Coal Mine Tunnel Drilling Rig Market Share Proof Project. The customer said: The survey plan of Shangpu Consulting is rigorous in design, scientific in method, standardized and rigorous in survey organization process, and basically reliable survey data, which provides relatively credible first-hand information for our research work. The research results are of great help to our company to understand the whole picture of the industry. Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!

  • On July 07, 2021, Shangpu Consulting received a satisfaction evaluation sheet from a customer for "A Brand in an Industry Leading Sales Research Project for Three Consecutive Years. The customer said: The survey plan of Shangpu Consulting is rigorous in design, scientific in method, standardized and rigorous in survey organization process, and basically reliable survey data, which provides relatively credible first-hand information for our research work. The research results are of great help to our company to understand the whole picture of the industry. Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!

  • On July 07, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for the "China Bird's Nest Industry Market Ranking Research Project. The customer said: has cooperated many times, as always satisfied, also recommend to other enterprises cooperation. Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!

  • On July 09, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for a hazardous waste treatment research project. The customer said: this is the organizational structure of the survey, the service process is very good, wish your company's consulting work is getting better and better, look forward to the next cooperation. I wish users a prosperous career, evergreen foundation!

  • On July 16, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for the Shared Beauty Research Project. The customer said: The content of Phase I and Phase II is satisfactory, and we look forward to signing a long-term agreement in the later period. The research part of the country will continue to cooperate with your company. I wish users a prosperous career, evergreen foundation!

  • On July 09, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for the "Research Project on the Organizational Structure of Two Liquor Production Enterprises. The customer said: This is an organizational structure survey, the service process is very good, looking forward to the next cooperation. I wish users a prosperous career, evergreen foundation!

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