Add You
#1 in Business Subscribe Email Print

You are here: Home > Business > Marketing > Market Research - How Good is the Data?

Tags

  • brush
  • offers
  • cross section
  • negative brush
  • social group

  • Links

  • RV Vacations: Ten Tips
  • Scrapbooking Supplies - Wall Pockets Keep Them Tidy
  • Herbs for Depression - Natural Depression Cure
  • Add You - Market Research - How Good is the Data?

    Before You Take the Entrepreneurial Plunge, Consider Various Business Models
    There are some business models that are more accessible than others, to individuals who have little or no collateral, little or no cash, little or no entrepreneurial experience, little or no training, and little or no choice but to pursue an entrepreneurial dream without the benefit of resources which would ordinarily be nice to have. The purpose of this article is to briefly review some of the alternatives.First, there are product oriented businesses versus service oriented businesses
    urvey methods will be more vulnerable than others, the most vulnerable perhaps being the online surveys itself. Company's that use PSP research data have to ask themselves how many surveys would it take for each PSP to realise that the more surveys they take the more cash or other incentives they receive. Will they after completing three or four surveys even think about the question or just click on any random response?

    Although telephone surveys and focus groups will be less prone to the problem of people responding in a random or unconsidered manner with each telephone survey they take, and focus group they attend, they are becoming less like a member of the general public and more like a professio

    How I Got onto Yahoo! News
    If you've never issued a free press release about your business, then you must issue the first of many tonight before retiring to bed.Q When does one issue a press release?A As often as possible. If you launch a business, issue one. If you launch a new website, issue one. If you make a donation to charity, issue one. If you redesign your website, issue one...the list is endless. If you promote an employee, add a new product line, etc, etcQ Is it possible to create 'Press R
    "Make money for taking surveys"," Cash for your opinion", "Make easy money at home".

    Everywhere you look there is a company willing to pay people to participate in their surveys. It seems like a win win situation, the participants get paid for providing their opinion, the market research company gets paid for conducting the research and the companies, that fund the research, gathers valuable data.

    But, how valuable is that data?

    Well run surveys are still vital to those companies who wish to research a market and obtain feedback on particular products or services. Many people are willing to express an opinion, and a small incentive like a chance to win a prize or a small payment is often all that is required to encourage people to give up their time and participate.

    For years market research companies have assembled groups of participants into survey pools or survey panels, groups of people willing to provide an opinion on a range of subjects. Often incentives of nominal value were offered as a 'thank you' for the participant's time; however the explosion of 'paid for taking surveys' websites has spawned a new profession - the professional survey participant (PSP).

    For companies that are relying on market research generated by panels of PSP's the question they must ask is how flawed is the data that they are relying on? Does the average PSP represent a cross section of society or a niche? What social group do they really belong to and is it smart for a company to base research on groups of people that are willing to comment part time, and sometimes, full time, on anything and everything?

    Not all panels should be tarnished with a negative brush after all customer and employee surveys to name just two rely on a survey pool. However, customers and employees are to some degree stakeholders in a company's research, by participating customers will benefit from better products and services, employees will be able to voice concerns and help make improvements to working conditions and methods, more importantly the views of the customer and the employee are valuable. Likewise panels that are made up of hand picked participants chosen for their knowledge, expertise and experience are equally valid and in some cases a necessity.

    The panels that should be questioned are those that are assembled by surveys that rely on large volumes of the general public whose motivation for participating is only the reward they will receive, they will often have no knowledge, understanding or interest as to the 'who', 'why' or 'what' of the research that is being carried out.

    Research companies that attract either part-time or full time PSP's rarely make any reference about the importance of the research they conduct but instead concentrate on offers of easy money and extra income.

    Some survey methods will be more vulnerable than others, the most vulnerable perhaps being the online surveys itself. Company's that use PSP research data have to ask themselves how many surveys would it take for each PSP to realise that the more surveys they take the more cash or other incentives they receive. Will they after completing three or four surveys even think about the question or just click on any random response?

    Although telephone surveys and focus groups will be less prone to the problem of people responding in a random or unconsidered manner with each telephone survey they take, and focus group they attend, they are becoming less like a member of the general public and more like a profession

    Ten Tips for Your New Year's Job Search
    It's a new year - and lots of people are thinking that maybe 2006 will be The Year of the New Job. If that describes you, then you'll want to start planning for your big exodus. But don't start strewing resumes across the landscape before taking care of a few getting-going items, described below. If you're thinking about buying some spiffy new interviewing duds, get out to the stores now before the January sales are over! Good luck, and happy job-hunting...Starting a New-Year Job Search
    all that is required to encourage people to give up their time and participate.

    For years market research companies have assembled groups of participants into survey pools or survey panels, groups of people willing to provide an opinion on a range of subjects. Often incentives of nominal value were offered as a 'thank you' for the participant's time; however the explosion of 'paid for taking surveys' websites has spawned a new profession - the professional survey participant (PSP).

    For companies that are relying on market research generated by panels of PSP's the question they must ask is how flawed is the data that they are relying on? Does the average PSP represent a cross section of society or a niche? What social group do they really belong to and is it smart for a company to base research on groups of people that are willing to comment part time, and sometimes, full time, on anything and everything?

    Not all panels should be tarnished with a negative brush after all customer and employee surveys to name just two rely on a survey pool. However, customers and employees are to some degree stakeholders in a company's research, by participating customers will benefit from better products and services, employees will be able to voice concerns and help make improvements to working conditions and methods, more importantly the views of the customer and the employee are valuable. Likewise panels that are made up of hand picked participants chosen for their knowledge, expertise and experience are equally valid and in some cases a necessity.

    The panels that should be questioned are those that are assembled by surveys that rely on large volumes of the general public whose motivation for participating is only the reward they will receive, they will often have no knowledge, understanding or interest as to the 'who', 'why' or 'what' of the research that is being carried out.

    Research companies that attract either part-time or full time PSP's rarely make any reference about the importance of the research they conduct but instead concentrate on offers of easy money and extra income.

    Some survey methods will be more vulnerable than others, the most vulnerable perhaps being the online surveys itself. Company's that use PSP research data have to ask themselves how many surveys would it take for each PSP to realise that the more surveys they take the more cash or other incentives they receive. Will they after completing three or four surveys even think about the question or just click on any random response?

    Although telephone surveys and focus groups will be less prone to the problem of people responding in a random or unconsidered manner with each telephone survey they take, and focus group they attend, they are becoming less like a member of the general public and more like a professio

    Honest, Fair Feedback - Why You're Unlikely to Give or Receive It When the Stakes are High
    Honest, Fair Feedback.You want it. Everyone does.Only trouble is, the more you need it, the less likely you are to get it.Why? Research shows that 98% of us do one or more of these three things when we have a difficult message to convey - and we think we're doing "the right thing":-We Ease In: We try to make our point without being obvious about it. This can come out as:Leading questions: "How do you think your presentation went?" (while privately thinking it
    r a niche? What social group do they really belong to and is it smart for a company to base research on groups of people that are willing to comment part time, and sometimes, full time, on anything and everything?

    Not all panels should be tarnished with a negative brush after all customer and employee surveys to name just two rely on a survey pool. However, customers and employees are to some degree stakeholders in a company's research, by participating customers will benefit from better products and services, employees will be able to voice concerns and help make improvements to working conditions and methods, more importantly the views of the customer and the employee are valuable. Likewise panels that are made up of hand picked participants chosen for their knowledge, expertise and experience are equally valid and in some cases a necessity.

    The panels that should be questioned are those that are assembled by surveys that rely on large volumes of the general public whose motivation for participating is only the reward they will receive, they will often have no knowledge, understanding or interest as to the 'who', 'why' or 'what' of the research that is being carried out.

    Research companies that attract either part-time or full time PSP's rarely make any reference about the importance of the research they conduct but instead concentrate on offers of easy money and extra income.

    Some survey methods will be more vulnerable than others, the most vulnerable perhaps being the online surveys itself. Company's that use PSP research data have to ask themselves how many surveys would it take for each PSP to realise that the more surveys they take the more cash or other incentives they receive. Will they after completing three or four surveys even think about the question or just click on any random response?

    Although telephone surveys and focus groups will be less prone to the problem of people responding in a random or unconsidered manner with each telephone survey they take, and focus group they attend, they are becoming less like a member of the general public and more like a professio

    Watch Your Customers Grow
    Nurturing your customers and helping them to develop into better people (who use more of what you sell) is often like raising children - but without the teenage worries! Customers need help to know how best to use your products and services. Look out for their needs and you will be rewarded in multiples.I can hear some of you thinking "Me! Nurture customers! How can I do that?" The good news is that it's not too hard. Just give yourself some time to get into a few good habits and…before
    hat are made up of hand picked participants chosen for their knowledge, expertise and experience are equally valid and in some cases a necessity.

    The panels that should be questioned are those that are assembled by surveys that rely on large volumes of the general public whose motivation for participating is only the reward they will receive, they will often have no knowledge, understanding or interest as to the 'who', 'why' or 'what' of the research that is being carried out.

    Research companies that attract either part-time or full time PSP's rarely make any reference about the importance of the research they conduct but instead concentrate on offers of easy money and extra income.

    Some survey methods will be more vulnerable than others, the most vulnerable perhaps being the online surveys itself. Company's that use PSP research data have to ask themselves how many surveys would it take for each PSP to realise that the more surveys they take the more cash or other incentives they receive. Will they after completing three or four surveys even think about the question or just click on any random response?

    Although telephone surveys and focus groups will be less prone to the problem of people responding in a random or unconsidered manner with each telephone survey they take, and focus group they attend, they are becoming less like a member of the general public and more like a professio

    Enlightened AIDA Marketing for Photographers
    Enlightened AIDA Marketing for PhotographersBy Chuck GrootAIDA = tried but true, the famous formula that makes your ads, your advertising literature, your marketing work.Attention – you must get your reader or listeners attention. We forget that we are not dealing with a captive audience; people are allowing us in to their heads. So in order to get them to pay attention to what we have to say, we need to get their attention. The best way to do this is with a
    urvey methods will be more vulnerable than others, the most vulnerable perhaps being the online surveys itself. Company's that use PSP research data have to ask themselves how many surveys would it take for each PSP to realise that the more surveys they take the more cash or other incentives they receive. Will they after completing three or four surveys even think about the question or just click on any random response?

    Although telephone surveys and focus groups will be less prone to the problem of people responding in a random or unconsidered manner with each telephone survey they take, and focus group they attend, they are becoming less like a member of the general public and more like a professional respondent.

    A survey can have many purposes and not all surveys are conducted with a view to being impartial and fair. Like a tobacco company that funds research into the effects of nicotine, the findings can be manipulated to reinforce a particular line of argument. Panels and PSP's have their place but if a company is relying on good and accurate market research data – beware the survey panel!

    HTTP = HTML link (for blogs, profiles,phorums):
    <a href="http://www.addyou.info/article/29609/addyou-Market-Research--How-Good-is-the-Data.html">Market Research - How Good is the Data?</a>

    BB link (for phorums):
    [url=http://www.addyou.info/article/29609/addyou-Market-Research--How-Good-is-the-Data.html]Market Research - How Good is the Data?[/url]

    Related Articles:

    Clouds Gather Before A Storm: Utilizing The Power Of Brand

    Drafting Newsletters To Enhance Your Brand Image And Keep It At Top-Of-The-Mind

    Business-To-Business Marketing Agencies

    Bookmark it: del.icio.us digg.com reddit.com netvouz.com google.com yahoo.com technorati.com furl.net bloglines.com socialdust.com ma.gnolia.com newsvine.com slashdot.org simpy.com shadows.com blinklist.com