Qualtrics
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The 8 Types of Market Research
Primary research is research that you collect yourself but going directly to the target market through a range of methods. Because it is data you create, you own the data set. Two types of results — exploratory information (determines the nature of a problem that hasn’t yet been clearly defined) and conclusive information (carried out to solve a problem that exploratory research identified) — from participants are collected as raw data and then analyzed to gather insights from trends and comparisons.
What Is Market Research?
Market Research Definition: The process of gathering, analyzing, and interpreting information about a market or audience.
Market research studies consumer behavior to better understand how they perceive products or services. These insights help businesses identify ways to grow their current offering, create new products or services, and improve brand trust and recognition.
You might also hear market research referred to as market analysis or consumer research.
Traditionally, market research has taken the form of focus groups, surveys, interviews, and even competitor analysis. But with moder
meltwater.com
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How To Do Market Research: Definition, Types, Methods
Why Is Market Research Important?
With consumer preferences and markets evolving at breakneck speeds, businesses need a way to stay in touch with what people need and want. That’s why the importance of market research cannot be overstated.
Market research offers a proactive way to identify these trends and make adjustments to product development, marketing strategies, and overall operations. This proactive approach can help businesses stay ahead of the curve and remain agile as markets shift.
meltwater.com
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How To Do Market Research: Definition, Types, Methods
What Are the Limitations of Market Research?
Market research can offer powerful insights, but it also has some limitations. One key limitation is the potential for bias. Researchers may unconsciously skew results based on their own preconceptions or desires, which can make your findings inaccurate.
Depending on your market research methods, your findings may be outdated by the time you sit down to analyze and act on them. Some methods struggle to account for rapidly changing consumer preferences and behaviors.
There’s also the risk of self-reported data (common in online surveys). Consumers might not always accurately convey their true
meltwater.com
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How To Do Market Research: Definition, Types, Methods
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Gwi
gwi.com › blog › types-of-market-research
Types of Market Research: Methods & Examples | GWI
January 20, 2025 - A big benefit of secondary market research is helping lay the groundwork and get you ready to carry out primary market research by making sure you’re focused on what matters most. Qualitative research is one of the two fundamental types of market research. Qualitative research is about people and their opinions.
Trade Ready
tradeready.ca › home › news › types of market research: what types of data do you need for your market research?
Types of market research: What types of data do you need for your market research? - Trade Ready
June 19, 2024 - For example, a researcher can ask respondents how satisfied they are with their current toothpaste on a scale of 1 to 5. The results can be represented statistically. This type of market research works well for evaluating product features, customer attitudes, and anything else where you need large amounts of data.
Brandwatch
brandwatch.com › 10 essential market research methods to help you understand consumer preferences
10 Essential Methods for Effective Consumer and Market Research | Brandwatch
October 13, 2025 - It’s how brands collect insights about their target market and audience to make smarter decisions. Once upon a time, research meant in-person focus groups, cold calling, and paper surveys. Those methods still have their place, but now they’re joined by a whole new set of tools and techniques.
Studioqual
studioqual.com › blog › market-research-types
10 Types of Market Research: Guide with Examples | Studio
Integrating different research types often involves combining various data collection methods—such as surveys, interviews, and social media analysis—to build a comprehensive data set for analysis. You may want to start with exploratory research to identify key questions, move to descriptive research to map the landscape, then use causal research to test specific hypotheses. For example, a comprehensive market entry strategy might begin with competitive analysis and trend analysis to understand the market, follow with qualitative research to understand customer needs, then use quantitative research to size the opportunity and validate pricing strategies.
SBS-PE
sbs-spe.feddevontario.canada.ca › en › introduction-market-research
Introduction to market research
Before you start, establish clear ... and select the techniques you will use to gather data. The two broad types of research you can use are primary and secondary research:...
Save My Exams
savemyexams.com › dp › business › ib › management › 24 › hl › revision-notes › 4-marketing › 4-4-market-research › types-of-market-research
Research types - IB Business Management Revision Notes
June 24, 2025 - For example, Stanford University is a globally significant research centre for engineering and medicine ... Trade associations and industry-specific organisations provide detailed information about specific sectors, including market size, growth rates and industry benchmarks · E.g. The International Organisation of Motor Vehicle Manufacturers conducts and collates research on production and sales statistics
U.S. Small Business Administration
sba.gov › business-guide › plan-your-business › market-research-competitive-analysis
Market research and competitive analysis | U.S. Small Business Administration
Market research lets you reduce risks even while your business is still just a gleam in your eye. Gather demographic information to better understand opportunities and limitations for gaining customers. This could include population data on age, wealth, family, interests, or anything else that’s relevant for your business. Then answer the following questions to get a good sense of your market:
Valona Intelligence
valonaintelligence.com › resources › blog › main-types-of-market-research
The 4 Main Types of Market Research - Valona Intelligence
June 9, 2025 - The four methods of market research are surveys, interviews, focus groups, and observation, each offering unique benefits for understanding customer behaviors and preferences. The three main types are exploratory (to identify trends), descriptive (to define market characteristics), and causal (to analyze cause-and-effect relationships)....