A Basic Guide to Defining Your Market Research Goals

With all the big data that can be presented and purchased, marketing teams can easily become overwhelmed with the task of analyzing that data.So, how do we determine what is actually viable information that can be useful for our companies? The best way to ensure you are getting the most out of your marketing data is to define your research objectives and goals. A great way to start your next marketing research project is to use the following steps of the Marketing Research Process.

Topics: Market Research Strategy

Market Research Publisher Spotlight: Mind Commerce

MarketResearch.com partners with over 700 publishers to offer customers the most comprehensive collection of diverse business intelligence. Each publisher has its own story and offers unique and insightful perspective into the industries they cover. This week, MarketResearch.com is spotlighting global Telecommunications and IT information provider Mind Commerce Publishing. Read on to learn more about Mind Commerce and their products.

Topics: Telecommunications & Wireless

Stem Cell Market Intelligence Reveals Effortless Ways to Profit

Whether you already supply stem cell research products or you wish to expand your product line, you’re aware that the market is continually increasing in size and competitiveness. You need to make effective product development decisions, sell more effectively to scientists, generate improved revenues, and take market share from your competition. Without strategic guidance on which to base your actions, you can find yourself in a difficult position.

New products that don’t sell well are costly mistakes, and offering products that can’t out-compete your competitors’ alternatives is certain to reduce the value of your company within the minds of your prospective clients.  On the other hand, repeatedly launching high-demand products and skillfully addressing the unmet needs of your clients is certain to position you as a market leader.

Topics: Biotechnology

How Purchasing Flexibility Provides Value for Market Research Consultants

After spending more than 12 years as a Partner of a market strategy consulting firm in Chicago, I am continually reminded of the value that purchasing flexibility would have offered our firm as we worked to solve business issues for clients engaged in a wide variety of industries, ranging from high-tech, building materials, consumer goods, electronics, etc. Plus, consultants are required to obtain very diverse information, very often and very quickly. This can make buying market research a nightmare. The ability to customize market research purchases would have saved us time and money by focusing in on only the specific information we needed. Yet, MarketResearch.com's Profound platform offers the capability to solve this issue through tailored market research purchases and reporting.

Topics: Advertising Profound Marketing Business Services & Administration Financial Services

How Market Research Serves the Unique Needs of Industry Investors

When it comes to market research, people automatically think of how it can serve the needs of the behemoth corporations or the hopeful start-ups. But, there are numerous market research customers that aren't quite the first to mind but are certainly extremely interested users of research. The role of an industry investor may seem simple to the average person: invest in a profitable company, market segment, industry, etc. and make loads of money. However, nothing is ever quite that simple, and investing is certainly no different. So, let's take a look at insights from leading market research publisher in the stem cell industry, BioInformant Worldwide, L.L.C., to see an example of how industry investors can best use market research to make quick and educated decisions for increased profit.

Topics: Market Research Strategy Biotechnology

Research in a Donut Hole: The State of the Market Research Community

On a recent swing through London to visit some of our Profound customers, we heard a concern voiced that we’d not heard before. People seemed to be concerned about the state of research in general; that as we emerge from a time of vast and rapid transformation, the research community needs to take stock globally to make sure that we haven’t lost something. Or, at least, we must ensure that if we have lost something, we get it back.

Topics: Market Research Strategy

4 Projected Market Research Trends

Looking toward the future of any industry is like watching a race, each company attempting to leverage the latest trends to gain an advantage over the competition. Thus, adaptability and economic mobility are key. In a recent blog post published on GreenBook Blog, author Kristof De Wulf, CEO of InSites Consulting, analyzes how the market research industry is adjusting to the ever-changing economic climate. In doing so, De Wulf determined "4 possible strategic directions" market research may take over the coming years. Understanding these projected market research trends will be critical in allowing your company to fully leverage its business intelligence resources.

Topics: Market Research Strategy

Social & Mobile Games Spur Growth of Online Gaming Market

One element contributing to the global spread of Internet connectivity and usage is the growth of online gaming. Mobile games, in particular, are the fastest growing segment of the gaming market as smartphone and tablet owners are using their devices for game-playing on the Internet, increasingly more than desktops and consoles. Gaming through social networks is also taking up an increasing share of the total video gaming market. Both segments are expected to increase by around +20% annually, leading the growth in the overall online gaming market.

Topics: Consumer Electronics Telecommunications & Wireless

3 Key Trends You Must Know to Profit from Stem Cell Products

The market for stem cell products and technologies is a rapidly evolving industry, largely because stem cells are a relatively recent, yet highly lucrative, discovery. While the first mouse embryonic stem cells were derived from embryos in 1981, it was not until 1995 that the first successful culturing of embryonic stem cells from non-human primates occurred and not until November 1998 that a technique was developed to isolate and grow embryonic stem cells from human blastocysts. In 2006, induced pluripotent stem cells were produced for the first time from mouse cells, and, in 2007, they were produced from human cells. Furthermore, it was not until 2008 that the first full transplant of a human organ grown from adult stem cells was performed when a section of a trachea was transplanted into a woman in Spain.

Topics: Biotechnology

Top 10 FAQs When Purchasing Market Research

Market Research is a large, but critical, investment for a business, and, as with any substantial purchase, you will probably want to ensure that you fully understand exactly what you're buying. Because there are many intricacies to finding and buying the right market research report or solution for your needs, you're going to have questions. So, we have compiled a list of some of the most frequently asked questions customers have when purchasing market research. With these common questions answered, you will be well on your way to landing the perfect report.

Topics: Market Research Strategy Market Research Provider