What Market Research Is For Print

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The purpose.

WHAT IT ANSWERS

Who has the problem How many of them there are What they do now What they would pay Who else serves them

WHY IT MATTERS

Most business failures are failures of demand, not of execution.

WHAT THAT MEANS

The product worked; nobody wanted it enough.

WHAT RESEARCH REDUCES

The cost of finding that out.

WHAT IT CANNOT DO

Guarantee an outcome Replace judgement Tell you what to build

WHAT IT CAN DO

Remove the worst assumptions before they are expensive.

WHAT SMALL BUSINESSES OFTEN THINK

That research is for large companies with budgets.

WHY THAT IS WRONG

The most useful research is conversations, which cost time and nothing else.

WHAT THE TWO BROAD TYPES ARE

Finding out what exists: published information, competitors, data

Finding out what people think and do: conversations, observation, surveys

WHAT TO DO FIRST

Establish what decision the research will inform.

WHY

Research with no decision attached produces interesting findings nobody uses.

WHAT TO ASK

What would I do differently depending on the answer.

WHAT TO DO IF THE ANSWER IS NOTHING

Do not do the research.


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