Shangpu Consulting Market Research Tools and Platforms, Are You Using the Right Ones?

Mondo Finance Updated on 2024-01-28

Market research is a method of collecting, analyzing, and interpreting market information, which can help businesses understand market demand, competitive situation, consumer behavior, etc., so as to formulate effective marketing strategies. Market research tools and platforms are an important support for market research, and they can affect the efficiency, quality, and cost of market research. This article introduces four commonly used tools and platforms for market research, namely ** survey, face-to-face survey, mystery visitor survey and data analysis platform, and analyzes their advantages and disadvantages, applicable scenarios and precautions, in order to provide reference and guidance for market researchers.

Market research is a process of systematically collecting, recording, analyzing, and interpreting information about market issues, which can help businesses understand the size, structure, trends, opportunities, and threats of the market, as well as consumer needs, preferences, satisfaction, and loyalty, etc., so as to formulate effective market strategies and improve market competitiveness. Market research tools and platforms are an important support for market research, and they can affect the efficiency, quality, and cost of market research. There are many kinds of tools and platforms for market research, and this article will introduce four commonly used tools and platforms, namely ** survey, face-to-face survey, mystery visitor survey and data analysis platform, and analyze their advantages and disadvantages, applicable scenarios and precautions, in order to provide reference and guidance for market researchers.

1. Investigation.

*Survey is a market research method that uses Internet technology to send survey invitations to target respondents in the form of electronic questionnaires to collect feedback from respondents. There are many tools and platforms for surveys, such as questionnaire network, Hui research, NetEase cloud business questionnaire research, etc., all of which provide convenient questionnaire design, release, collection and analysis functions, which can help market researchers quickly complete ** survey projects.

*The advantages of the survey are:

It has a wide coverage and can reach respondents from different regions, ages, genders, occupations, etc., improving the representativeness and validity of the sample.

Low cost, no need to hire investigators, save manpower, material resources and time costs, and improve investigation efficiency.

The data is accurate, which can avoid human errors and deviations, and ensure the authenticity and reliability of the data.

The analysis is convenient, and the data analysis platform can be used to automatically generate charts and reports, which is convenient for market researchers to mine and interpret data.

*The disadvantages of the survey are:

* Low rate, respondents may be unwilling or unable to complete the questionnaire due to network problems, time problems, interest problems, etc., resulting in a low ** rate and affecting the quality of data.

The design of the questionnaire is difficult, and it is necessary to consider the length, structure, question type, logic, etc. of the questionnaire, as well as the psychological and behavioral characteristics of the respondents, so that the questionnaire can not only achieve the purpose of the survey, but also attract the attention and participation of the respondents.

Data security risks: Respondents' personal information and privacy may be leaked or misused, leading to data security issues and damaging respondents' interests and trust.

*The applicable scenarios of the survey are:

Market research projects that require a quick understanding of market dynamics, consumer opinions, product evaluations, etc.

Market research projects that require the collection of large amounts of data for statistical analysis, trends**, correlation analysis, etc.

Market research projects that cover different regions, populations, industries, etc. are required.

*Precautions for the survey are:

Choose the right survey tool and platform, consider its functionality, performance, stability, security, etc., as well as whether it can provide professional technical support and services.

Design a reasonable questionnaire, considering the purpose, content, form, length, etc., as well as the characteristics, needs, motivations, etc., so that the questionnaire can not only collect effective data, but also improve the participation and satisfaction of the respondents.

Select the appropriate release channel, consider the respondents' usage Xi habits, contact frequency, trust, etc., as well as the advantages, disadvantages, and costs of different channels, so that the release channels can not only cover the target respondents, but also improve the rate and quality.

Protect the rights and interests of the respondents, abide by relevant laws, regulations and ethical norms, respect the voluntariness, knowledge and privacy of the respondents, and do not coerce, induce or deceive the respondents, and do not disclose or abuse the personal information and data of the respondents.

2. Face-to-face investigation.

Face-to-face surveys are a method of market research that asks questions to the target respondent in a face-to-face manner and records the respondents' responses and reactions. There are many tools and platforms for face-to-face surveys, such as research factories, researchers, researchers, etc., all of which provide convenient face-to-face survey design, distribution, execution, monitoring and analysis functions, which can help market researchers efficiently complete face-to-face survey projects.

The advantages of face-to-face surveys are:

* High rate, face-to-face communication can increase the sense of participation and trust of respondents, and improve the cooperation and response rate of respondents.

In addition to collecting the verbal responses of the respondents, you can also observe the non-verbal information such as the expressions, tone, and body of the respondents to obtain more data dimensions and depth.

The questionnaire is flexible, and the order, content, and method of the questionnaire can be flexibly adjusted according to the respondents' answers and reactions, so that the questionnaire is more suitable for the actual situation and needs of the respondents.

The disadvantages of face-to-face surveys are:

The cost is high, and it is necessary to hire professional investigators, train, manage, motivate, etc., increase the cost of manpower, material resources and time, and reduce the efficiency of investigation.

Data distortion, the quality, attitude, and skills of the investigators, as well as the psychology, emotion, and environment of the respondents, may affect the respondents' responses and reactions, resulting in data distortion and bias.

Difficulty in analysis, such as sorting, entering, and cleaning of collected data, as well as encoding of non-verbal information, increase the difficulty and complexity of analysis.

The applicable scenarios for face-to-face surveys are:

Market research projects that require an in-depth understanding of consumer attitudes, feelings, motivations, etc.

Market research projects that require the collection of sensitive, complex, and changeable data for qualitative analysis, case analysis, and explanatory analysis.

Market research projects that need to build a good relationship with the respondent and increase the loyalty and reputation of the respondent.

The precautions for face-to-face surveys are:

Choose the right face-to-face survey tool and platform, consider its functionality, performance, stability, security, etc., and whether it can provide professional technical support and services.

Select the appropriate investigators, consider their professionalism, communication skills, work attitude, etc., as well as whether they can receive reasonable training, management, incentives, etc.

Design a reasonable questionnaire, considering the purpose, content, form, length, etc., as well as the characteristics, needs, motivations, etc., so that the questionnaire can not only collect effective data, but also improve the participation and satisfaction of the respondents.

Choose the right place to visit, consider the convenience, comfort, safety, etc., as well as the advantages, disadvantages, and costs of different locations, so that the place to visit can not only meet the purpose of the survey, but also protect the rights and trust of the respondents.

3. Mystery Visitor Investigation.

Mystery shoppers are a market research method that employs mystery shoppers as ordinary consumers to experience, evaluate and give feedback on the products, services, and environment of the target company or competitors. There are many tools and platforms for mystery shopperry research, such as mystery shopper network, mystery shopper China, mystery shopper alliance, etc., all of which provide convenient mystery visitor program design, publishing, execution, monitoring and analysis functions, which can help market researchers effectively complete mystery shopperry research projects.

The advantages of mystery sourcing surveys are:

The data is real, and the mystery visitor can obtain first-hand data and information by making real experiences and evaluations of the products, services, and environment of the target company or competitors as ordinary consumers.

Comprehensive data, mystery visitors can observe and detect the products, services, and environment of the target enterprise or competitors from multiple angles and dimensions, and can obtain comprehensive data and information.

Data is useful, and mystery shoppers can obtain useful data and information by conducting targeted evaluations and feedback on the products, services, and environment of the target company or competitors according to the purpose and requirements of market research.

The disadvantages of mystery sourcing surveys are:

The cost is high, and it is necessary to hire professional mystery visitors, train, manage, motivate, etc., increase the cost of manpower, material resources and time, and reduce the efficiency of investigation.

Mystery Visitor Surveys are available in the following scenarios:

Market research projects that require understanding of the strengths, weaknesses, and differences of the target company's or competitors' products, services, and environment.

Market research projects that evaluate the quality, effectiveness, and satisfaction of the target company's or competitors' products, services, and environment.

It is necessary to supervise the standardization, legality, and ethics of the products, services, and environment of the target company or competitors.

The considerations for mystery sourcing investigations are:

Choose the right mystery shopperer investigation tool and platform, consider its functionality, performance, stability, security, etc., as well as whether it can provide professional technical support and services.

Choose the right mystery visitor, consider their professionalism, experience skills, evaluation ability, etc., as well as whether they can receive reasonable training, management, incentives, etc.

Design a reasonable mystery visitor program, considering the purpose, content, form, length, etc., as well as the characteristics, needs, and motivations of the target company or competitors, so that the project can not only collect effective data, but also protect the identity and purpose of the mystery visitor.

Choose the right time to visit, consider the business hours, customer flow, activity schedule, etc., as well as the advantages, disadvantages, and costs of different times, so that the visit time can not only meet the purpose of the project, but also reduce the risk and pressure of mystery visitors.

Fourth, the data analysis platform.

The data analysis platform is a market research tool and platform that uses data science, artificial intelligence, cloud computing and other technologies to store, process, analyze and display the collected market data. There are many data analysis platforms, such as Index, Alibaba Index, Tencent Index, Big Data, Alibaba Cloud, Tencent Cloud, etc., all of which provide powerful data analysis functions that can help market researchers quickly obtain market insights and decision support.

The advantages of a data analytics platform are:

With massive data, you can use the Internet, Internet of Things, social networking, etc., to collect massive market data and improve the richness and diversity of data.

The data is real-time, and the market data can be updated, synchronized, and monitored in real time to improve the timeliness and accuracy of the data.

Data intelligence can use artificial intelligence, machine Xi Xi, deep learning, etc., to intelligently analyze, mine, and improve the value and usefulness of data by using artificial intelligence, machine learning, and deep learning.

Data visualization, charts, reports, dashboards, etc., can be used to visually display, interact, and share market data, etc., to improve the readability and understanding of data.

The disadvantages of data analytics platforms are:

Data questioning, the process of market data collection, processing, analysis and other processes may have problems such as opacity, non-standardization, and illegality, resulting in questions about the quality and credibility of data.

Data leakage, the storage, transmission, use and other processes of market data may have security vulnerabilities, malicious attacks, illegal use and other problems, resulting in the disclosure of data security and privacy.

Data dependence: Market researchers may rely too much on data analysis platforms and ignore data limitations, uncertainties, variability and other issues, resulting in data judgment and decision-making being affected.

The applicable scenarios of the data analysis platform are:

Market research projects that need to use big data, artificial intelligence and other technologies to conduct efficient, high-quality, and high-value market data analysis.

Market research projects that need to use charts, reports and other forms to display intuitive, clear and easy-to-understand market data.

It is necessary to use cloud computing, Internet of Things and other technologies to carry out market research projects with secure, stable and scalable market data storage.

Considerations for data analysis platforms are:

Choose a suitable data analysis platform, consider its functions, performance, stability, security, etc., and whether it can provide professional technical support and services.

Choose the right data source, consider its quality, validity, relevance, etc., as well as whether you can obtain legal, compliant, and reasonable market data.

Select the appropriate data analysis method, consider its applicability, reliability, scientificity, etc., and whether it can conduct reasonable, accurate and meaningful market data analysis.

Choose the appropriate data display method, consider its aesthetics, ease of use, interactivity, etc., and whether it can be clear, intuitive, and easy to understand market data display.

Summary: Market research is a method of collecting, analyzing, and interpreting market information, which can help businesses understand market demand, competitive situation, consumer behavior, etc., so as to formulate effective market strategies. Market research tools and platforms are an important support for market research, and they can affect the efficiency, quality, and cost of market research. This article introduces four commonly used tools and platforms for market research, namely ** survey, face-to-face survey, mystery visitor survey and data analysis platform, and analyzes their advantages and disadvantages, applicable scenarios and precautions, in order to provide reference and guidance for market researchers. Market researchers should choose appropriate market research tools and platforms according to their own market research purposes, contents, objects, etc., so as to improve the effectiveness and value of market research.

Related Pages