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ARO 00398 09/15
5 steps to plan market research:
1. Business or
marketing + Basic information about the company:
background ● Digital platform for saving and investing money
● Audited by Ernst and Young ( Big4 ).
● Founded in 2017, Top 100 Global Fintech 2019.
+ Current situation of the business:
● Launching a big-scale marketing strategy by collaborating with influencers: Shark Hưng, Khánh Vy,
Giang ơi, Máy bay, etc
2. Define problem + Business problems: Why do people know the app but not use it?
or action to be ● Heavily invested in marketing but still lack of users. The ratings of the app on App Store and CH
taken play are low and quite negative.
● Security problem: Low security: Information leaks, have security vulnerabilities
● Technical problems: Customers have problems related to banking services (Unable to withdraw or
lost) ⇒ Customers think they are tricked
+ Action: How to help Finhay gain more trust from the people?
4. List out detailed ● What do they think about the Finhay app?
question to be ● What do they know about investment channels?
explored ● What problems/barriers do they have with the app?
● What do current users like/dislike about the App?
● What are recommendations for the improvements of the app?
5. Define your ● Specific demographic: young people (18+), low income (because differentiation of Finhay is “invest
target response with just 50,000 vnđ”)
● Usership: use the product regularly and never use the app before but know the app
● Behavior: familiar with technology, new investors try to learn about investment, people who are
seeking fintech.
Discussion Guide link: https://bit.ly/Group4_Discussion_Guide