Surveys May Provide Kick Start Your Business Needs

With the economy recovering at a very tentative pace, you may feel as if your marketing efforts have stalled dead in the road, and you aren’t quite sure how to kick start back into gear. If that is the case, it may be time to consider the power of consumer surveys.

Surveys are a great means of getting a firsthand read of your consumer base in relation to your business. How has their spending habits changed? What products are they now shopping for? What attracts them to a business? By asking consumers direct questions, you eliminate the guessing game often associated with developing marketing campaigns. Using the data compiled from your survey, you can accurately target your consumers and increase business accordingly.

Basic Survey Terminology to Consider:
Quantitative Surveys are based on measureable results.

Qualitative Surveys allow you to explore issues with respondents and allow for open-ended responses.

Samples should be at random and reflect a true representation of your population (or in your case, consumer base). The larger the sample size, the smaller the margin of error. If you are looking for quantitative results, a rule of thumb is to sample at least 100 people. Qualitative surveys are less dependent on sample size as you are looking for an exploration on a topic.

So, are you ready to start surveying? Here are some simple steps to follow to get your market research off to a running start!
1. Select the type of research you need (Quantitative/Qualitative)
2. Design a questionnaire
3. Collect your data
4. Analyze data