Marketing Research. Primary Research FEATURES OF TEST MARKETS Different elements of the marketing...
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Transcript of Marketing Research. Primary Research FEATURES OF TEST MARKETS Different elements of the marketing...
![Page 1: Marketing Research. Primary Research FEATURES OF TEST MARKETS Different elements of the marketing mix are changed and monitored. Provide a real world.](https://reader031.fdocuments.in/reader031/viewer/2022032607/56649edc5503460f94bec882/html5/thumbnails/1.jpg)
Marketing ResearchMarketing Research
![Page 2: Marketing Research. Primary Research FEATURES OF TEST MARKETS Different elements of the marketing mix are changed and monitored. Provide a real world.](https://reader031.fdocuments.in/reader031/viewer/2022032607/56649edc5503460f94bec882/html5/thumbnails/2.jpg)
Primary ResearchPrimary Research
![Page 3: Marketing Research. Primary Research FEATURES OF TEST MARKETS Different elements of the marketing mix are changed and monitored. Provide a real world.](https://reader031.fdocuments.in/reader031/viewer/2022032607/56649edc5503460f94bec882/html5/thumbnails/3.jpg)
FEATURES OF TEST FEATURES OF TEST MARKETSMARKETS
• Different elements of the marketing mix are changed and monitored.
• Provide a real world example for the marketer.
• Location of the test market is preferred to kept secret.
![Page 4: Marketing Research. Primary Research FEATURES OF TEST MARKETS Different elements of the marketing mix are changed and monitored. Provide a real world.](https://reader031.fdocuments.in/reader031/viewer/2022032607/56649edc5503460f94bec882/html5/thumbnails/4.jpg)
Whose watching you?Whose watching you?
• Individuals
•Bar-code scanners
•Eye-tracking photography
![Page 5: Marketing Research. Primary Research FEATURES OF TEST MARKETS Different elements of the marketing mix are changed and monitored. Provide a real world.](https://reader031.fdocuments.in/reader031/viewer/2022032607/56649edc5503460f94bec882/html5/thumbnails/5.jpg)
INTERNALINTERNAL •Sales Records
• Inventory Records
•Advertising and Promotional Records
•Production Records
![Page 6: Marketing Research. Primary Research FEATURES OF TEST MARKETS Different elements of the marketing mix are changed and monitored. Provide a real world.](https://reader031.fdocuments.in/reader031/viewer/2022032607/56649edc5503460f94bec882/html5/thumbnails/6.jpg)
Data MiningData Mining Businesses use
this type of research to determine the relationship between personal information and purchasing behaviour.
![Page 7: Marketing Research. Primary Research FEATURES OF TEST MARKETS Different elements of the marketing mix are changed and monitored. Provide a real world.](https://reader031.fdocuments.in/reader031/viewer/2022032607/56649edc5503460f94bec882/html5/thumbnails/7.jpg)
Example…Example…
Data can tell how many customers on a business’s database have purchased greater than $50 worth of products in
- the last 3 months
- are female
- are between the ages of 30-35
- type of occupation
![Page 8: Marketing Research. Primary Research FEATURES OF TEST MARKETS Different elements of the marketing mix are changed and monitored. Provide a real world.](https://reader031.fdocuments.in/reader031/viewer/2022032607/56649edc5503460f94bec882/html5/thumbnails/8.jpg)
PROFILING A CUSTOMERPROFILING A CUSTOMER
• Demographics–Age–Gender–Family Life Cycle– Income Level–Ethnicity & Culture
• Psychographics
• Consumers’ beliefs–Opinions– Interests
![Page 9: Marketing Research. Primary Research FEATURES OF TEST MARKETS Different elements of the marketing mix are changed and monitored. Provide a real world.](https://reader031.fdocuments.in/reader031/viewer/2022032607/56649edc5503460f94bec882/html5/thumbnails/9.jpg)
PROFILING JOHNPROFILING JOHNDEMOGRAPHICS• Age: 51• Gender: male• Income: $75,000 per
year• Family life cycle:
married with three children
• Ethnicity and culture: Nova Scotian by birth, now lives in northern Ontario
PSYCHOGRAPHICS
John runs his own web design studio, plays the cello, and coaches his two daughters soccer team. He is an active member of his community association, an avid gardener, and he and his wife spend their spare time renovating their home.
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Secondary ResearchSecondary Research
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How do companies collect How do companies collect information on you????information on you????
• Mail in rebates
• Coupons
• Internet
• Magazine Subscriptions
• Credit Cards
• Loyalty Programs (Optimum Card, HBC Card, Air Miles Card)
![Page 12: Marketing Research. Primary Research FEATURES OF TEST MARKETS Different elements of the marketing mix are changed and monitored. Provide a real world.](https://reader031.fdocuments.in/reader031/viewer/2022032607/56649edc5503460f94bec882/html5/thumbnails/12.jpg)
COLLECTCOLLECT THE POINTSTHE POINTS
ACTIVITY: Loyalty cards
Where’s your loyalty?
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Sampling MethodsSampling Methods
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Sampling MethodsSampling Methods
• Random Samples– Random sample of population – equal chance of anyone
being selected
– May select those not in the target group – indiscriminate
– Sample sizes may need to be large to be representative
– Can be very expensive
– EXAMPLE:
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Sampling MethodsSampling Methods
• Segment Random Sampling– Samples on the basis of a representative segment
– Still random but more focussed
– May give more relevant information
– May be more cost effective
– EXAMPLE:
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Sampling MethodsSampling Methods
• Quota Sampling– Specific number on each segment are interviewed, etc (not
randomly selected).
– May not be fully representative
– Cheaper method
– EXAMPLE:
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Sampling MethodsSampling Methods
• Cluster Sampling– Primarily based on geographical areas or ‘clusters’ that
can be seen as being representative of the whole population
– EXAMPLE:
• Multi-Stage Sampling– Sample selected from multi-stage sub-groups– EXAMPLE:
• Snowball Sampling– Samples developed from contacts of existing customers
– ‘word of mouth’ type approach!– EXAMPLE: