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    March 2006      
   

Welcome to the first issue of "On The Wild Side of Research", which helps marketing and market research executives get more from their market research investment. In this issue, I discuss using the right type of research tools.

Warmly,

Carol
Carol Monaco
President



 
Are You Using the Right Tools?
A few years ago, I had the pleasure of traveling to Africa and going on safari. While there, my husband and I stayed at a lodge that consisted of tents by a river that was frequented by hippos, including mothers and babies.

When we got there, the manager greeted us and handed us a key with a foot long stick attached to it (the kind they might give you at a gas station, so that you don’t run off with the restroom key). Now, why we would need a key for a tent is another interesting question, but I was more intrigued by the long stick itself. I wondered, “was stealing or losing keys a particularly bad problem at this lodge?”

The manager proceeded to explain that the stick was for ‘batting the hippos in the nose, should they come too close, as they are very dangerous and actually run quite fast.’

My husband and I began to laugh, thinking he was making a joke. Surely they didn’t expect us to stop a 2 ton+ charging animal with a stick no bigger than a ruler! But yes, the manager calmly explained (I'm sure thinking 'stupid American tourists!'), since hippos, especially mother with babies, were quite dangerous, he wasn’t joking and we should take him seriously. Thankfully, though we did see many hippos during our stay, we were fortunate not to have to test his advice and use our stick to hit the hippo squarely in the nose, which (hopefully) would have made him/her turn away and stop approaching us.

What I learned from that experience (besides the fact that hippos can run fast and that you can, in fact, lock up a tent), was that it’s important to use the right tool. Somehow, these folks who lived every day with hippos on their doorsteps and wandering into their camp found out that hippos didn’t particularly like being hit on the nose. They had learned a way to deter the hippos and protect the safety of the guests without harming the animals.

And so it is with market research; it’s important to use the right tool to answer your questions. There are several common kinds of primary market research—including online and in person focus groups, in-depth interviews and surveys (both mail and online).

With market research, it's important to use the most appropriate tools available to us. Sometimes, companies decide on the type of market research (‘we really want to do focus groups’) before really analyzing whether that’s the best solution.

For example, focus groups are appropriate and a very useful tool when you have a general set of questions or an undefined subject area that you're trying to learn more about, such as a general understanding of products needs or brand perception. However, they are not appropriate when you have a specific set of questions that require in-depth, detailed information, such as which product needs are most important (and why), buying process, or measuring perception of competing brands. In those circumstances in-depth interviews may be a better fit. And, when you're trying to quantify results, and/or have a lot of closed-end questions, surveys may be more appropriate.

Consider the following points when deciding what type of research is appropriate to use:
  1. What questions are you trying to answer and how specific are they? General feedback or broad questions (e.g. ‘what do customers think of our company?’ ‘What issues are on customers’ minds?’) lend themselves to focus groups, whereas more specific questions (e.g. ‘which brand do customers think is strongest in technical support and why?’) lend themselves more to in-depth interviews and surveys.
  2. Do your questions require a detailed understanding of the answer (e.g., ‘How do you use our product?’ ‘How and why did you choose your specific provider?)? If so, then in-depth interviews might be the best solution.
  3. Are you asking about sensitive information that participants may not want to share with competitors? If so, in-depth interviews may be a better solution than focus groups.
  4. Do you need specific quantitative results (‘How many people are going to vote for a specific candidate?’ ‘What percentage of my customers use our product for X?’) In that case, a survey is probably the best solution.
  5. Do you have mostly closed- or open-ended questions? Closed-ended questions are better for surveys, whereas open-ended questions are better answered with in-depth interviews or focus groups.
  6. And of course, don’t forget to consider your budget as each type of research varies in cost.
There are, of course, often other factors to consider, but these should give you a good start in determining what type of research to use and making sure that you get the results you need.

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About MarketWise Insights, Inc.
 

MarketWise Insights, Inc. helps technology clients better understand their markets, customers and competitors, as well as create corresponding marketing strategies. Since 1999, we've completed over 50 research projects that have helped clients:
  • Research and analyze market trends
  • Decide what new products and services to offer
  • Recognize competitive threats
  • Determine market size
  • Improve market positioning.
We focus on actionable research that truly helps you make marketing and business decisions. Carol Monaco, President of MarketWise Insights, Inc., has nearly 20 years of marketing and market research experience.
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