Tuesday, October 21, 2008

Sources Of Marketing Information

Motorola Dealer Training, Australia/N.Z., 1998

PRIMARY SOURCES OF INFORMATION

STRENGTHS

WEAKNESSES

Surveys in general:

· easy and inexpensive

· ask wrong people

· artificial & crude

· produce suspect information

Postal questionnaire:

· cheap and quick

· no control over respondents

· low response rates

Personal interviews:

· get best quality information if done properly

· control respondents

· expensive and time consuming

· lack of interviewing skills

Telephone interviews:

· more control than postal

· intrusive

Focus groups:

· control respondents

· good source of valuable information plus customer sentiment

· creative co-operation, come up with ideas

· time consuming

· can be costly

· relies on customers agreeing to attend

· lack of facilitator skills

Mystery shopper:

· measures service & standards

· like spying

Observation:

(how the client uses the product)

· overcomes many of the problems with surveys

· many things we can’t observe e.g. attitude

Market test:

· potentially the most valid way of collecting information

· tells competition what we are doing

· not feasible with some products

· we make the test work

· high cost in time and $$

SECONDARY SOURCES OF INFORMATION

STRENGTHS

WEAKNESSES

Library research:

· low cost

· time consuming

· information may be inaccurate or incomplete

Research agency:

· targeted and relevant

· high cost

Publications:

· can be well researched

· time consuming

· high cost of specialised publications

· suspect quality of published information

Competitive literature:

· good way to gain insight into your competitor’s approach to the market

· watch for re-runs to see what is working for them

· information could be inaccurate

· information could be premature

Internal sources – employees:

· convenient source

· no outside costs

· some may tell you what they think you want to hear

· may be biased depending on own needs i.e. discounting policy

On-line services – Internet:

· ideal place to tune into issues relevant to your market

· may even be able to establish a local club, chat room etc.

· time consuming

· lots of time – little return

· on line information can be swamped with garbage

1 comments:

Susan said...

I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.


Susan

http://www.car-insurance-choices.com