Market Research Tools for Business Growth

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Market Research Tools for Business Growth Facilitated by Chisa D. Pennix-Brown, MBA

Transcript of Market Research Tools for Business Growth

Market ResearchTools for Business

Growth

Facilitated by Chisa D. Pennix-Brown, MBA

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What is YOUR USP?

Focus on Benefits

WIIFM

Primary Research

Interviews (either by telephone or

face-to-face)

Surveys (online or by mail)

Questionnaires (online or by mail)

Focus groups gathering a sampling of

potential clients or customers and

getting their direct feedback

Secondary Research Who is your target?

What do they buy?

Where do they live?

Where do they shop?

When do they buy?

Why do they buy your product or service?

How much do they make?

https://www.youtube.com/watch?v=1pQtByxJlWM

Business Service Librarians

John Raynor 336-883-3216 [email protected]

What DATA do YOU Need?General Market ResearchCompetitive Analysis Business Plan Find New Customers Enter a New MarketDetermine Business TypeGain InvestorsNeed a Physical Location

Not Sure What Business to Start

Already in Business Need Money &

Expansion

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NCLive

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Full TextDownload

Most Relevant Pages

Business Decision

Find new customers, identify new store locations, analyze your market, evaluate your competitors, target media and direct mail campaigns. 

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Business Decision

Business Decision

Business Decision This report compares the top 20 Tapestry segments in a specified area

ReferenceUSANew Marketing Tool that looks at area customers. Users can generate reports detailing consumer market data.

Credit Rating

ReferenceUSAOther Local Businesses in the Area

Competitors

SimplyMap

A web-based mapping application that lets users quickly create professional-quality thematic maps and reports using powerful demographic, business and marketing data. 

SimplyMap

NAICS & SIC Codes

DUNS Number

DUNS Number 1. Universally Recognized

standard in business reporting2. Establish credibility 3. Gain contracts with the US

government 4. Will help when applying for

loans and credit (references)

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Compiling the Data

Place this Data in your Business Plan Market Analysis Marketing & Sales Funding Request Financial Projections

Writing Your Business Plan

What is Your Show Up & Show Out! Moment?

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