Primary Research Methods: A Comprehensive Guide for Marketers
Classified in Economy
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Types of Primary Research Methods
Questionnaires
A questionnaire is a set of questions used to collect data for market research.
Advantages:
- Detailed qualitative information can be gathered.
- Customer opinions can be obtained.
- They can be carried out online.
- Vouchers can be offered to encourage participation.
Disadvantages:
- Inaccurate answers may result from poorly designed questions.
- Can be time-consuming and expensive.
- Collating and analyzing answers is time-consuming.
Online Surveys
Online surveys require the target sample to answer questions over the internet.
Advantages:
- Quicker response times.
- Cheaper than interviews or postal questionnaires.
- Easy for participants to complete.
- Data can be quickly analyzed using IT tools.
Disadvantages:
- Lack of an interviewer to explain questions.
- Cannot reach potential respondents without internet access.
- Potential for fraudulent responses.
Interviews
Interviews involve asking individuals a series of questions, often face-to-face or over the phone.
Advantages:
- The interviewer can explain the questions.
- Detailed information can be obtained.
Disadvantages:
- Time-consuming.
- Expensive.
Focus Groups
A focus group is a representative group of people from the target market.
Advantages:
- Detailed information about consumer tastes.
- Understanding of different opinions through group interaction.
- Quicker and cheaper than individual interviews.
Disadvantages:
- Can be time-consuming and expensive if conducted by a specialist agency.
- Discussion can be skewed by the influence of others' opinions.
- A few individuals may dominate the group.
Sampling
A sample is a group of people selected for a market research exercise (e.g., a questionnaire). It's used because researching the entire population is too expensive and time-consuming.
Random Sample:
Individuals are selected randomly as a source of information.
Quota Sample:
Individuals are selected based on specific characteristics (age, gender, income).