Market Research

A Proven method for collecting information and addressing unique challenges through strategic contact engagement.

Where Do You Start?

You start by creating a set of survey questions that are specifically tailored to your target audience. Ask questions related to their job function, seniority, industry, firm size, number of employees, daily challenges, purchasing authority, and media preferences.

Conducting market research can provide valuable insights into the challenges that your target market is facing. This information can help shape critical business decisions, including go-to-market strategy, product development, and customer service. Similar to how an ideal customer profile can help new salespeople get up to speed quickly, market research can educate your entire team on the challenges your market is experiencing.

Creating the Survey

It’s essential to kick off your survey with targeted questions to gather valuable insights. Start by collecting basic information about your prospects, including their job title, seniority level, and department. Next, obtain firmographic data about their company, such as industry and revenue.

Once you have this information, it’s important to dive deeper into the challenges and pain points of your ideal prospects. Consider using the following survey questions:

  • What are your primary job role and responsibility?
  • What concerns keep you up at night?
  • What are the biggest challenges you face in your role?
  • How is your success measured?
  • Who do you report to?
  • Do you manage anyone?
  • How much buying authority do you have?
  • Where do you look for information related to your business or industry?
  • etc.

Collecting Survey Responses

After finalizing the survey questions, we only collect responses from qualified candidates. To ensure we are gathering feedback from the right people, we include one or two qualification questions at the beginning of the survey.

It is important to make sure that the respondents are individuals who are genuinely interested in purchasing your product or service. This usually means gathering feedback from researchers, end-users, decision-makers, or financial authorities.

How Many Survey Responses Do You Need?

To ensure statistical relevance, it’s best to aim for at least 300 survey responses across your industry.

To achieve this, we use a combination of panel services and mass email capabilities, drawing from our database of over 100 million b2b contact records. However, even with a vast database at our disposal, it’s often necessary to offer incentives, such as an Apple device or a $250 Amazon gift card, to encourage prospects to complete the survey.

Analyze the Results

After collecting the survey responses, it’s time to analyze the results and start drafting your research report.

Don’t worry about perfecting it right away, as our design team can format the final material in multiple ways, such as downloadable pdfs, webpages, print, and more.

One of the benefits of conducting market research is that you can break down the findings into shorter articles and blog posts that can point to or link back to the main research paper, boosting your SEO efforts.

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Supplier Diveristy Studies

Valuable insights into the effectiveness of supplier diversity programs and initiatives can be gained through supplier diversity studies, making them crucial for businesses. Our support in accessing and analyzing these studies can enable you to enhance your supplier diversity practices, comply with regulations, and strengthen your market competitiveness and brand reputation.

Supply Chan Strategies & Mobility Planning

Supply chain strategies and mobility planning are crucial for businesses to optimize operations, reduce costs, and enhance customer satisfaction. We can provide valuable insights and resources to improve your initiatives by researching, accessing industry associations, contacting experts, and collaborating with partners.

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