Types Of Market Research

There are two main types of market research:

1) Business to business (or industrial market research)

2) Consumer

Business to business market research focuses on data gathered from business clients and produces conclusions and strategy direction.

Consumer market research focuses on trends gathered from data and attempts to predict buying patterns, future needs and sales approaches.

Gathering information from these different groups requires different techniques and approaches.

Consumers tend to be busy and therefore more dismissive of market research so any approaches need to be focused. Speed is often the key whilst still preserving the outcome of the research. Offering incentives to complete the market research is essential.

Businesses have more time available and can provide some quality indepth research. The key is to choose the target audience carefully and to work with them in focus groups or one to one situations (eg. interviews, telephone research etc).

A subset within these two types of market research are:

1) Ad Hoc - This is research carried out at a point in time with a view to collecting data applicable to that point in time. Examples might be a customer satisfaction survey or a product usage survey.

2) Continuous Research - This is research carried out at different time periods to show time series results. Examples would be focus groups or one to one interviews. The key is that the target audience remains the same - or at least similar each time.

Whichever type of market research you use, with careful planning, it will reap rewards.

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types of market research sheffield

Sheffield is a city and metropolitan borough in South Yorkshire. It is so named because of its origins in a field on the River Sheaf that runs through the city.

Sheffield obtained world-wide recognition during the 19th century for its production of steel. Many innovations in the industry were developed locally, including crucible and stainless steel.

Historically a part of the West Riding of Yorkshire, the city has grown from its largely industrial roots to encompass a wide economic base.

New advanced manufacturing technologies and techniques are being developed on the Advanced Manufacturing Park by Sheffield's universities and other independent research organisations. Organisations currently located on the AMP include; the Advanced Manufacturing Research Centre (AMRC, a research partnership between The Boeing Company and The University of Sheffield), Castings Technology International (Cti) and TWI.

Sheffield has two universities, the University of Sheffield and Sheffield Hallam University. The two combined bring 55,000 students to the city every year. As a result of its large student population, Sheffield has many bars, cafes, clubs and shops as well as student housing to accommodate them.

Sheffield is linked into the national motorway network via the M1 and M18 motorways. The M1 skirts the north-east of the city, linking Sheffield with London to the south and Leeds to the north and crosses Tinsley Viaduct near Rotherham; the M18 branches from the M1 close to Sheffield, linking the city with Doncaster, Robin Hood Doncaster Sheffield Airport and the Humber ports.