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:
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
Customer research involves data and insights into
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:
There are several methods you can use, including:
Use a combination of market and customer research to keep up to date with market trends and to build customer profiles.
Focused on a collection of instrumentation tools developed for research but not made commercially available, PsycTESTS helps researchers easily find scales and measures for their own use. PsycTESTS is an indispensable resource for researchers looking to conduct, create, or measure research in multiple fields of study.
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