Market research

Starting at

$

30

About this service

Summary

am an expert at conducting comprehensive market research that equips companies with data-based understanding of their markets to drive strategic decisions. Using primary and secondary research, I illuminate customer needs, industry trends, competition, and market dynamics. My insights help clients position brands, enter new markets, pursue opportunities, and address evolving customer demands. I enable clients to determine target customers, gauge demand, analyze competitors, and identify key external drivers - providing a foundation for critical business planning.

Process

Here is the outline of the process I do use
Define goals & objectives - Clearly determine what you want to learn & why to guide other stages. Common goals include sizing market potential, gauging demand, understanding customer needs & behaviors, benchmarking pricing, identifying opportunities & threats, etc.
Develop research plan - Outline information required, data sources, methods of collection & analysis, project timelines, budget, roles & responsibilities, and reporting approach. Common methods include secondary searches, surveys, interviews, focus groups, and field tests.
Collect data - Gather market data using planned secondary searches and/or primary research methods. Approach it systematically, record carefully for analysis.
Analyze data - Review, process & arrange data to spot patterns, relationships & trends. Use statistical analysis and review techniques to identify key takeaways.
Interpret & report findings - Assess implications of findings to draw insightful, actionable conclusions & recommendations to address original goals. Share via presentations, reports, tools.
Make decisions & refine approach - Leverage market insights to guide business decisions. Continually revisit assumptions & fill information gaps through updated research. It is an ongoing process.

What's included

  • Conducting market research to understand market dynamics

    Conducting market research involves gathering and analyzing data on customer needs, competition, industry trends, and market sizes to deeply understand market dynamics - the evolving customer preferences, pricing trends, emerging opportunities/threats, and external forces that influence demand for a given product or service. Thorough research provides insight to make strategic business decisions.


Duration

1 week

Skills and tools

Data Modelling Analyst
Data Analyst
Product Data Analyst
Data Analysis
MATLAB
Microsoft Excel
pandas
Tableau