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Archive for April, 2010

Steps to Effective Market Research

Wednesday, April 14th, 2010

1. Define how the results will be used.

In other words, use research to solve specific problems and/or support specific actions. If what you will learn can’t or won’t be used to affect your business, then don’t do the research, don’t spend the money.

2. Choose an appropriate methodology.

Quantitative research, surveys and more advanced techniques, have the advantage of being statistically reliable. Be careful here as well. Consumers are nice, they will answer your questions and generally speaking they will be honest, but they won’t tell you that you’re asking the wrong questions. Ask lots of questions and be prepared to go back into the field to ask more questions after the initial analysis. Questionnaire development is the key to success in quantitative research. Do qualitative research to help design the questionnaire.

3. Analyze the results with an open mind.

As obvious as this sounds, don’t go into the analysis, whether you are doing the work yourself or reviewing the results prepared by the research company, with preconceived notions about what the results will be. If you already know the answer why are you doing the research?

Ideally, spend time and money to have several groups do the analysis. Multiple perspectives will help fine tune the findings and may turn up new ideas. Another way to approach this is to have a smaller group of smart folks from several disciplines review the raw findings before they are prepared for wider distribution. This can bring light to conclusions that might otherwise be hidden.

4. Do something with the results.

Don’t lose focus on the end game. See step one above. If you clearly defined the objective in the beginning see the research through and complete the circle. Nothing proves that the findings are correct like the market place.

Things to Know about Online Advertising Classes

Wednesday, April 14th, 2010

The internet is a great place for many things including business opportunities. If you really want to learn the ins and outs of internet commerce, then the best thing you can do for yourself is sign up for online advertising classes. These classes will not only teach you about how to get your message out on the world wide web, but are also useful in non virtual enterprises as well. However, before you sign up for any online advertising course, there are some things you should know.

First you want to make sure that the class you are signing up for will teach you the things you want to learn. Make sure to take time to read the course description. If you are unsure if it meets your needs, don’t be afraid to contact the administrator of the program. They are almost always willing to respond, and this enables you to feel more sure about your decision.

After making sure you will be learning what you want, the next step is to prepare yourself. Learning anything takes dedication and effort regardless of where the teaching takes place. Set aside enough time to be an effective student. Also make sure that you have any required materials. Doing both of these things will help ensure your success.

Finally, take every opportunity possible to discuss your online advertising classes material with other students and the teacher. This is not only an excellent way to make sure you understand and can use the information you are taking in, but is an effective means to socialize as well. In the end, any online advertising course will require dedication and study, if you can’t provide both of these things you might want to wait for a later date.