
How much information do you have about your consumers?
How much do you know about them right at this moment?
Several companies have extensive consumer profiles, which effectively describe their target consumers, including detailed information such as job titles, requirements and sometimes even life goals.
How do they do it?
The answer is not some high end consumer tracking software or some complicated marketing algorithm, but market research.
According to the Greenbook Research Industry Trends’ 2011 Report, Market Research Online Communities also known as MROCs, will witness massive adoption during 2012.
More and more businesses today are realizing the importance of market research for figuring out better ways of connecting with consumers, getting feedback and improving results without increasing their budgets drastically.
The internet revolution has provided marketers with effective resources, which can be used for conducting low cost or even free market research.
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Intelligence & marketing strategy