Which Market Research Questions Will Grow Your Business?

Whether your goal is to grow your brand, company size, or profits, growing your business is an essential, yet difficult, process to tackle. Recently on our blog, we discussed three market research questions that will fuel your business growth. The gist was to analyze how you monitor your target audience, competition, and your company's technological advances (or lack there of). Because looking at questions like these from a fresh perspective is sometimes necessary to improve, I wanted to revisit this idea of growing your business with a few more strategic question suggestions. 

Topics: Market Research Strategy

Projected 2014 Trends in the Healthcare Industry

The start of a new year is a time for new beginnings and progress, and the healthcare industry is no different. As we enter 2014, healthcare will experience some very notable changes. To find out some of the most substantial trends to note in the coming year, I spoke with Bruce Carlson, Publisher at one of the industry's leading market research producers, Kalorama Information.

Here are some of the biggest talking points for 2014:

Topics: Market Research Strategy Healthcare Kalorama Information

Projected 2014 Trends in the Education Industry

Coming off a rebound year in 2013, particularly in the K-12 school market, educational publishers and providers of instructional materials are expected to see respectable growth throughout 2014 in the K-12 segment and more stability in the higher education segment with the total industry reaching $14.5 billion in 2014, up 9% from 2013. 

Topics: Market Research Strategy Education Knowledge Centers

Projected 2014 Trends in the Food & Beverage Industry

Looking ahead at the new year, the food and beverage industry is slated to experience both new and continued trends. While overall retail sales will continue to climb, some dynamic shifts will also occur. To find out some of the projected upcoming trends for 2014, we reviewed The Future of Food Retailing in the U.S.: Shopper Insights and Market Opportunities, 4th Edition, a report published by leading food and beverage industry experts Packaged Facts.

Topics: Market Research Strategy Food & Beverage Packaged Facts

Projected 2014 Trends in the Pet Industry

As we say goodbye to 2013 and ring in the new year, it's important to look ahead at what we can expect throughout 2014. Continuing on the ideas of the 2013 trends, the pet industry should experience slight, but steady, growth across the board in in the upcoming year, according to pet industry experts and MarketResearch.com publisher Packaged Facts. In Packaged Facts' report U.S. Pet Market Outlook, 2013-2014, they project a wide variety of industry trends that will gain momentum next year.

Topics: Market Research Strategy Pets Packaged Facts

3 Market Research Questions to Fuel Your Business Growth

The mark of any successful business is growth. No matter how small or large a company may be, you must always strive to improve, to grow, to endure. But, that's certainly easier said than done, right? The trick is to focus your market research strategy around questions that are geared towards fueling your business growth. So, which questions really cut to the heart of true expansion? Here are a few suggestions to get your strategic wheels turning:

Topics: Market Research Strategy

How Social Networking Can Enhance Market Research

By the year 2017, nearly 2.5 billion people across the globe will be engaged in social networking. That's nearly a third of the earth's current population. So, regardless of how trivial people once considered social media to be, the truth is the social realm has become a truly viable resource for the business world. With this rapid progression of usage and its evolving reputation, it's becoming increasingly important for market researchers to take advantage of the unique networking opportunities social platforms provide. But because of preconceived notions, many professionals are at a loss when it comes to actually harnessing social media's capabilities in an advantageous way. Before this can be done, market researchers must understand social media in terms of practicality and application. So, how can social networking actually benefit your market research efforts? There are several things to consider when determining this.

Topics: Market Research Strategy Social Media

When Looking For Research Are You Too Smart For Your Search Engine?

Most people use search engines every day to find everything from movie times to the latest news on particle physics. Despite this frequent usage, professionals looking for research reports in a database of market research sometimes fall victim to their own in-depth knowledge of their particular field. This can make the discovery process a challenging one. So, here is a quick guide on what to do and what not to do when looking for research in a market research database.

Topics: SEO Market Research Strategy

Market Research Strategies: 10 Common Mistakes, Part 2

Last week on our blog, we discussed the first 5-out-of-10 common mistakes companies make when establishing their market research strategies. If you missed the first post in this two-part series, check out Market Research Strategies: 10 Common Mistakes, Part 1. This week, we want to share a few more. If you can avoid these flaws in your market research strategies, you will experience a much more successful overall market research experience. Continue reading to find out more on these common mistakes!

Topics: Market Research Strategy

Market Research Strategies: 10 Common Mistakes, Part 1

Creating strong market research strategies is key for any business. In fact, a large degree of your success hinges on it. Whether you are an established company or an entrepreneur setting out on a new business venture, you must aim to carryout a strategy that has very few flaws. And, while your overall research goals will be unique, a mistake in your research strategy could be equally detrimental. In this two-part blog, we will address some of these common mistakes in order to help you recognize, avoid, and/or correct them.

Topics: Market Research Strategy