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May 2012

   

Understanding SMBs: Market Research Formats

When clients ask us to design a research program in the small/medium business (SMB) space, we begin with the end result – i.e., what the information gathered in the research will be used for. With an understanding of the research objectives, target audience, budget and timing requirements, we may recommend one research format or a sequence (such as online quantitative research followed by focus groups) to provide the most cost-effective insight into the question at hand.

The chart below gives you a sense of the research formats available, along with their pros and cons. Contact us to discuss how we can design and conduct original research to support your SMB product, marketing, sales or PR initiatives.

Research Format

Process

Pros

Cons

Qualitative

Collect and analyze subjective data

Good for understanding the reasons behind a behavior

Results may be vague or contradictory

Live interview

Meet 1:1 to explore opinions

Can probe in-depth; no group pressure; good way to obtain personal information

Can be difficult to recruit respondents; costly; time-consuming

Phone interview

Speak 1:1 by phone

Less costly than live interviews; can reach more people; no geographic limitations

Can be difficult to recruit respondents; cannot see facial expressions and body language

Online interview

Connect 1:1 via e-mail or chat

Can conduct many interviews at low cost; no geographic limitations; can easily generate a transcript

Responses may be limited; cannot see facial expressions and body language

Online video interview

Connect 1:1 via video conference or video chat

Can conduct many interviews; can see facial expressions

Video conferencing can be costly; cannot see body language in video chats

Focus group

Meet with a live group to explore their opinions

Group dynamics can help obtain multiple points of view

Costly; time-consuming; a few participants can dominate if not well moderated

Online conference

Engage with a group via a web tool, such as an online forum

Less expensive than a live focus group; quiet people more likely to participate; can generate a transcript

Cannot see body language; responses may be limited

Video conference

Engage with a group via a video system

Often less expensive than a live group; can see facial expressions and body language

Can be more expensive than an online conference without video

Live observation

Physically observe a person’s behavior

Can watch interactions with a product or service in a real environment

Costly; time-consuming

Online observation

Use a webcam to observe a person’s behavior

Less costly than live observation; can study more people

Cannot view behavior outside the webcam’s range

Quantitative

Collect and analyze hard facts

Good for understanding hard facts

Subjective motivations may not be clear

Live survey

Personally collect data from multiple people in one place

Likely to receive spontaneous, honest responses

Costly; limited number of responses

Written survey

Distribute print questionnaires to multiple people

Can reach more people than with a live survey; no geographic limitations

Costly; may have a poor response rate; no personal interaction or ability to probe for more information

Phone survey

Collect data from multiple people over the phone

Can produce more responses than with written surveys; no geographic limitations

Costly; difficult to get people to agree to participate

Online survey

Ask multiple people to answer an online questionnaire

Can produce a large number of responses at low cost; no geographic limitations

No personal interaction; responses may be cursory

Online analytics

Use online tools to collect data about a person’s behavior

Results are based on actual behavior; can reflect a very large number of data points

No personal interaction; motivation behind results not always clear



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