The Top 5 of 2010

Well, that’s it folks. The year 2010 has come to an end. We’ve spent the past few weeks looking ahead to 2011, but as we put a bow on this year, we wanted to take one last quick look back at the most popular Research Access content of 2010. Perhaps there’s something you missed, and you wouldn’t want to start 2011 behind the curve!

The Top 5 of 2010

There you have it. Now make sure you get caught up, because there’s a lot more coming starting next year.

Until then, from our families to yours, best wishes for a safe, healthy, and happy new year.

-The Research Access Team

Looking Ahead: Odds and Ends

I want to draw your attention to a recent post over at the GreenBook Blog, which has a great round-up of all of the market research industry predictions for 2011 that are floating around (ours among them, which is quite an honor for us!)

Also among them is a post by Tom Ewing of Kantar Operations entitled “The Future of Research: 10 Odd Ideas.” Tom has some great ideas here! Among them:

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Small Business Guide: What Business Owners Need to Know about Market Research Planning

Innovation is a part of most entrepreneur’s personalities… they love to think, solve problems and invent more efficient means to arriving at solutions.  To be successful you have to know your market and develop a plan in order to accomplish your goals.  Market research can help you get there and planning for it is an essential part of the process.

In order to measure the success of the marketing plan of any kind, market research is the appropriate tool for a company to use. By having a thorough knowledge of factors that have an impact on the target market and the marketing mix, management can be proactive rather than reactive. Research is the difference between viewing the turbulent marketing environment as a threat or as an opportunity.

Before undertaking a business venture, it is important for a business owner to conduct market research to guide them to better business decisions that will later be translated into profits and good business. Even if you already have an existing business and you want to do some changes, market research can be very useful and a must in a lot of cases. Good market research is important to identify the demands of your target market and learn their behavior, including their purchasing behavior.

By learning some market research tips, tools as well as techniques, you will have the tools to develop your own market research plan.  You’ll have the confidence to follow through with your plan and you’ll get the end results that will set you apart from your competitors.

Here are a few ideas…

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Looking Ahead: Market Research as Social Conscience?

Among the many individuals and organizations making industry predictions for 2011, the opinion of analyst firms – for better or worse – are among the most sought after. We can debate the quality, benefit, and value of their predictions all day long, but I think we can concede that, whether you agree with their conclusions or not, the big firms like Forrester, Gartner, etc., employ some pretty talented people, and their thoughts are at least worth considering.

So I was reading through Forrester’s predictions for market research in 2011 (as summarized by Reineke Reitsma from Forrester), and stopped short at this predicted trend:
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Looking Ahead: Behavioral Science in 2011

As we continue our look ahead to 2011, surveying predictions for the market research industry, we come upon a recurring topic: the role of behavioral science as a supplement to – or even replacement for – market research.

The key to behavioral science in a market research role is actually rather simple: a great deal about a person’s intent and motivation can be gleaned from their past behavior. Combined with various psychological, neurological, and situational attributes (like demographics, lifestyle, etc), behavior can be predicted (or at least modeled to within a high degree of certainty.)

So why ask people questions, when their behavior has already given us the answer?
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Happy Holidays

We’ve had an exciting year – our first! – here at Research Access. So as we pause to celebrate the holidays and put the finishing touches on 2010, we’d like to take a moment to extend our wishes for a happy and healthy holiday season to all of you!

It’s been an exciting year for our industry,  and we know there’s much more to come in 2011. Stick with us for more in-depth and practical coverage of market research trends, tools and techniques. Until then, have a wonderful holiday season!

The Impact of Moving Offline Surveys Online

We’ve been talking a lot recently about alternative approaches to data collection, including the rapidly growing use of tools like social media and mobile devices. We just posted yesterday about the prediction made by Vaughn Mordecai that these alternative approaches will finely see mainstream traction in 2011. But while we’re pretty sure this is going to happen, how much have we thought about the impact that will have on the way surveys are designed, structured and executed, and on how we analyze the results?
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Looking Ahead: Alternative Modes of Collection

We told you last week about the Market Research Trends IdeaScale instance set up by Kathryn Korostoff of Research Rockstar. The site provides a crowdsourcing approach to identifying trends in market research over the coming year. Later, we took a look at one of the trends posted for discussion – the “insourcing” of market research, wherein more and more organizations are conducting their own research using self-service tools rather than engaging market research firms. Today, let’s look at the leading prediction on the site: that alternative and multi-modal approaches to data collection will finally see real traction in 2011.
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When Will They Get Engaged?

White Horse, a marketing firm, shared the results of a social marketing survey. Although most businesses, whether B2B or B2C, now have a social marketing presence (less than 18% reported absolutely no social marketing functions), B2B still shows less social engagement than their B2C counterparts.

The study cited many reasons for this lack of engagement including lack of executive-level buy-in, inadequate number of employee to maintain the social marketing efforts, and an absence of social marketing measurement. It seems, however, that if firms would invest in proving the ROI of social marketing initiatives it would also be easier to obtain executive-level buy-in and justify the hiring of more personnel.
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What is Online Research Sample?

Sample is a hot commodity in the world of online market research.  It’s defined as a finite part of a statistical population whose properties are studied to gain information about the whole (Webster, 1985). When dealing with people, it can be described as a set of respondents selected from a larger population for the purpose of a survey. Often samples are created to represent a specific market, audience, political base or customer base, depending on the goals of the market research project.  A sample size refers to the number of panelists participating in a research study, while sample distribution is a measurement of the responses from a single sample, organized by frequency. A sampling error is an inaccuracy that is associated with using the sample results as an indication of the whole.

The purpose of sampling is to draw conclusions about populations from samples and in order to do this the researcher must use inferential statistics which enables them to determine a population`s characteristics by directly observing only a portion (or sample) of the population. The researcher obtains a sample rather than a complete enumeration (a census) of the population for many reasons. For one, it is cheaper to observe a part rather than the whole, but the researcher should prepare themselves to cope with the dangers that some times come with using samples.

Sampling can be a concern in both qualitative and quantitative research; however, sampling issues are somewhat different for each. In any study, the research question determines the study method, but it is the research question and method together that define the sampling plan, the type of sample used and the number of people who will make up the study sample. Other factors that affect decisions about sample sizes and sampling plans include time, money, access to subjects and the number of study variables.  Despite all of this, the overalladvantages to sampling are numerous…  the process involves a smaller number of subjects and is more time efficient, less costly and potentially more accurate (since it is more feasible to maintain control over a smaller number of subjects).

When using a market research broker like EMI, the client can rest assure that all areas of concentration are being covered when it comes to giving them the best representative sample available.  The market research broker works with panel partners to accomplish this task. A panel provider (partner) is the company that provides a specified demographic portion or sample from a population to participate in a market research study. This population is then surveyed, and data and information is subsequently collected with the intent of drawing research conclusions.  In online market research the population is initially sent questionnaires through the internet and agrees to participate in market research studies on a forward-going basis.   An online sample or panel provider recruits, verifies, and maintains a comprehensive, highly profiled listing of panelists for use in online research studies.

Key demographic, product usage/ownership, and other attributes are generally maintained to offer timelier, efficient, and targeted market research opportunities. The use of online panels also facilitates longitudinal research opportunities, enabling the same individual to participate in similar or related research initiatives over time, highlighting change.

Highly effective sampling software is used by market researchers to obtain the sample information.  If the sampling process has been conducted correctly, the research conclusions can be considered representative of the group or population as a whole.  Panel management refers to the comprehensive process of recruiting, incentivizing, engaging, segmenting, profiling, and caring for online market research panel members. The online sample provider is usually responsible for all panel management activities.

In the online market research industry, proper panel management helps to increase the overall survey completion rate, panelist retention rate, and the quality of market research data.