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Resources for Developing Primary Research

Planning and conducting market and customer research

Conducting market and customer research gives you insight and data on local and global market trends that will help you make decisions when starting or growing a business.

Market research is a broad term covering:

  • past and current market conditions
  • customer demographics
  • demand for products and services

Many commercial entities sell market research reports, and these are useful because they give you a market overview, and an objective view of the market. The UT Library has market research sources here.

Industry associations also provide data and statistical reports on markets and future trends.

Data and statistics can also be taken from the U.S. Census and by using search engines and social media, you can explore trends in the market and discover what customers are searching for.

Market research involves data and statistics for

  • overall industry
  • market attributes
  • economic and population fluctuations
  • technology innovations
  • internet and mobile phone usage
  • competitor activities

Customer research involves data and insights into

  • what, when and how often customers want to buy (quantitative data)
  • why they make their decisions (qualitative insights)

When you should do customer research

When developing and changing aspects of your business, including offerings to customers, it's important to research the customer's response to the actions you're taking, including research into:

  • pricing
  • branding
  • product names
  • new retail outlets
  • advertising campaigns
  • new products or services

There are several methods you can use, including:

  • conducting your own research using customer surveys, feedback, focus groups or interviews
  • conducting analysis of your own business using your past performance in sales, goods returned and repeat business
  • researching industry and market trend information via published reports (such as Mintel)
  • reviewing reports, industry journals and government information (such as Marketresearch.com, MarketLineBCC Research, or Technavio)

Use a combination of market and customer research to keep up to date with market trends and to build customer profiles. 

Resources for Developing Primary Research

Other Sources

Books

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