TWELVE
STEPS IN MARKETING RESEARCH PROCESS
The twelve stages or
steps in a marketing research process are:
1.
Problem identification,
2.
Problem definition,
3.
Research design,
4.
Determining data needs,
5.
Determining data sources,
6.
Sampling design,
7.
Designing questionnaire,
8.
Field staff selection,
9.
Collection and processing of data,
10.
Analysis and interpretation of data,
11.
Project reporting and
12.
Follow up.
Now let's discuss above
steps involved in a marketing research process.
1. Problem
identification
The first step in a
marketing research process is to identify the problem or opportunity. The
problem may be about decrease in sales, increase in competition, expansion of
market, etc.
2. Problem definition
The second step in a
marketing research process is to define the problem. In this stage, the
researcher must understand the problem correctly. He must find out the scope of
the problem, the type of information needed, etc. If the problem is not defined
properly, then it will result in waste of time, money and resources.
3. Research design
The third step in a
marketing research process is to prepare research design.
Research design is a
plan for conducting a research. It guides the researcher in data collection. It
gives proper direction to the research.
There are three types
of research designs:
Exploratory research,
Descriptive Research
and
Experimental Research.
All three types are
used for marketing research.
4. Determining data
needs
The fourth step in a
marketing research process is to determine the data needs. The researcher must
consider the following issues:
Whether to use primary
data or secondary data or both.
The accuracy and
reliability of the data.
The availability of
accurate and reliable data.
The cost and time
required to collect the data.
5. Determining data
sources
The fifth step in a
marketing research process is to determine the data sources.
The researcher decides
the sources of collecting data. The two main sources are secondary data and
primary data.
The researcher first
collects secondary data. This is because it is easily available and less
costly. It is collected by Desk Research. Desk Research can be internal for
e.g. collected from company's records or external i.e. acquired from libraries,
trade journals, government sources, etc. If the secondary data is not
sufficient to solve the marketing problem, then primary data is wheeled.
Collecting primary data
is very costly and time consuming. It can be collected by using survey methods,
i.e. by doing personal interviews, telephone interviews and mail surveys. It
can also be collected by using observational method and experimentation method.
So in this step the
researcher decides what source and what method to use for collecting data.
6. Sampling design
The sixth step in a
marketing research process is of sampling design.
The Researchers has
limited time and other resources. So he cannot contact the total population.
That is, he cannot collect information from all the people in the market.
Therefore, he selects few persons from the population. These handful persons
are called sample respondent. They are considered to represent the total
population. The researcher collects data from the sample respondents.
Sampling helps to save
time, efforts and cost. It is used to collect primary data. The researcher has
to decide about method of sampling, the size-of-sample, etc.
7. Designing
questionnaire
The seventh step in a
marketing research process is of designing a questionnaire.
In this stage, primary
data is collected with the help of a questionnaire. So the researcher has to
prepare a questionnaire. A questionnaire is a list of questions. These
questions are asked to the respondents for collecting data. The questionnaire
must be suitable so that the require data is collected easily, quickly and
correctly. It is used for conducting person interview, telephone interviews and
mail survey. The researcher must decide about the type of the information
required, the type of questioned to be asked, the wordings of the
questionnaire, its order, etc.
8. Field staff
selection
The eighth step in a
marketing research process is of selecting field staff.
After preparing the
questionnaire, the researcher selects field interviewers. The field
interviewers collect information from the respondents. They must be property
trained. Students of psychology and statistics are good for this job.
9. Collection and
processing of data
The ninth step in a
marketing research process is of collection and processing of data.
In this stage, the data
is collected from the respondents. The questionnaire is used for collecting
data. In case of mail surveys, the questionnaire is sent to the respondents by
post. In case of telephone interviews, the data is collected through telephone.
In case of personal interviews, the data is collected by the field
interviewers. The researcher can also use observation method and
experimentation method for collecting data. The data collected must be reliable
and complete. It must also be collected quickly. Secondary data is also
collected. The data collected is raw. It cannot be used directly. It has to be
processed and organised neatly. That is, the data must be edited, coded,
classified and tabulated. Editing helps to remove the unwanted data. Coding,
classification and tabulation make the data ready for analysis and
interpretation.
10. Analysis and
interpretation of data
The tenth step in a
marketing research process is of analysis and interpretation of data.
In this stage, the
researcher analyzes and interprets the data. That is, he studies the data very
careful and draws conclusions from it. These conclusions are then used to solve
the marketing problem.
11. Project reporting
The eleventh step in a
marketing research process is to prepare a project report.
In this stage, the
researcher prepares the final research report. This report contains a title of
the report, method used, findings, conclusions and suggestions about how to
solve the marketing problem. The language of the report must not be very
difficult. The report must be submitted to the marketing executives for
recommendations and implementation.
12. Follow up
Finally, the last step
in a marketing research process is to do a follow up.
In this stage, the
marketing executive makes changes in the product, price, marketing policies,
etc. as per the recommendations of the report. Here, the researcher should find
out, whether his recommendations are implemented properly or not. He should
also figure-out, whether the marketing problem is solved or not.
So these are the twelve
steps in a marketing research process.