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12/21/2022

The Internet is built for research…!!!


• Consumer shopping around for prices
Market Research and • A researcher exploring a topic
Content Marketing Strategy • A fan looking up their favorite band
• Internet makes finding and analyzing information easier than ever
By Prof. Pranav Gosalia
before. That’s because everything people do online leaves a data
footprint.

The Internet is built for research…!!! The Internet is built for research…!!!
• Consumers are able to research companies and products easily • This process can also work in reverse:
• Gathering information to compare prices and services with a few • brands can study who their customers are, what they are interested in, how
they feel about the brand, and the best times and places to engage with
clicks of the mouse. them.
• Consumers are also able to share likes and dislikes easily, whether • This is what online market research is all about.
that information is shared with companies or with friends.

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• It is becoming increasingly more difficult to keep up with trends,


customer needs, popular opinions and competitors.
• How can you keep your brand current and ensure you are meeting
your customers’ needs…???

• The answer is to conduct market research.

Benefits of Online Market Research


• Online market research is the process of using digital tools, data and Online market research has the benefit of using digital technology, which provides a range
of benefits:
connections to glean valuable insights about a brand’s target • The Internet is always on, meaning that data are readily available at any time.
audience. • Many of the processes for finding, gathering and storing data can be automated (for
example, you can get an automatic email alert if someone mentions your brand, or you
• In other words, it’s the process of learning about your audience by can set up self-administered digital surveys).
engaging and observing them online. • You have access to a large number of participants around the world at the click of a
button.
• Technology plays a key role in gathering data and connecting with • A lot of the information you will use is already being automatically collected (such as web
research participants, and makes the whole process quicker and analytics and social media data) – all you need to do is access it.
easier to manage than traditional offline research methods. • People are often happy to share their own research, insights and methodologies online,
so you can access this trove of resources to inform your own research.
• Online market research can be much more cost effective and quick to set up than
traditional research techniques.

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There are many reasons why you should


conduct regular market research
• Gain insights into your consumers – this can include: While the research field can be full of complex terminology, there are
• What customers want and need from your brand four key concepts you should understand before conducting your own
• What customers like and dislike about the brand
research:
• Why customers buy the brand’s products or services
• Why potential customers might choose your brand over another one 1. Research methodology
• Why (or why not) customers make repeat purchases
2. Qualitative and quantitative data
• Understand the changes in your industry and business
3. Primary and secondary research
• Discover new market trends on which you can capitalize
• Find new potential sales avenues, customers, products and more 4. Sampling
• Find and engage new audiences
• Allow customers to help steer your business

Research methodology Quantitative and qualitative data


Research should involve certain steps:
1. Establish the goals of the project
2. Determine your sample
3. Choose a data collection method
4. Collect data
5. Analyze the results
6. Formulate conclusions and actionable insights (for example,
producing reports)

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Quantitative and qualitative data


Primary Data or Secondary Data
Research can be based on primary data or secondary data. Primary research
is conducted when new data is gathered for a particular product or
hypothesis.
This is where information does not exist already or is not accessible, and
therefore needs to be specifically collected from consumers or businesses.
Surveys, focus groups, research panels and research communities can all be
used when conducting primary market research.
https://moz.com/learn/seo/search-operators
https://support.google.com/mail/answer/7190?hl=en
https://www.google.co.in/advanced_search
https://ahrefs.com/blog/google-advanced-search-operators/

Sampling Some useful links


What is SEO?
• How to define size? • https://moz.com/learn/seo/what-is-seo
How to Submit URLs to Google in 60 Seconds or Less
• Sample size calculator • https://www.webfx.com/blog/seo/how-to-submit-urls-to-google/
• https://www.rogerwimmer.com/mmr/samplesizecalculator.htm SEO keyword planner
• https://www.wordstream.com/seo-keyword
• https://ads.google.com/intl/en_in/home/tools/keyword-planner/
• https://keywordtool.io/
What is an SEO strategy?
• https://blog.hubspot.com/marketing/seo-strategy
• https://backlinko.com/seo-strategy
• https://neilpatel.com/blog/simple-guide-to-seo/
For SEO website checkup
• https://seositecheckup.com/

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Some useful links…continue Some useful links…continue


Domain Authority (DA) and Page Authority (PA) What is article submission?
• https://moz.com/learn/seo/domain-authority • https://www.thewebhospitality.com/article-submission-sites/
• https://moz.com/learn/seo/page-authority • https://www.digitalvidya.com/blog/article-submission-sites/
• https://www.sodawebmedia.com/blog/what-are-domain-authority- • https://www.completeconnection.ca/article-submission-sites/
and-page-authority/ • https://blog.hubspot.com/blog/tabid/6307/bid/3013/8-free-links-to-
• https://goodmancreatives.com/domain-authority-tools/ promote-a-blog.aspx

• Case Study – Rocking the Daisies – 2011 & 2012

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