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    April 2006      
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Welcome to “On the Wild Side of Research”. In this month’s newsletter (and partly in the spirit of April Fool’s), I discuss some basic tips to making your market research more effective (or not).

Happy April Fools,

Carol
Carol Monaco
President



 
7 Ways to Make Sure Your Research Project Fails
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What are some common mistakes made in research projects? Read on to learn how you too can have a project join the ranks of poorly conducted research projects. Maybe you've been aching for a career change anyway, so here are some surefire tips to make sure your research project fails:

1. Try to research many things at once. Instead of focusing on one or two key questions, put everything you want to know in one research project.

2. Change the questions mid-stream. As you learn more, you may want to ask different questions, so it's fine to change them willy-nilly. No need to worry about the consistency of results, it's more important that you be flexible and creative throughout the research process.

3. Don't determine what you're going to do with the information until after the research. It's fine to pursue a project just because it seems interesting or it's fun to research. You'll be able to figure out some use for it later, or if you can't, hey, at least it was fun!

4. Make the survey or discussion guide really long. Once you have people on the phone, they're a captive audience, so keep them on the phone for an hour or more. It doesn't matter if they get tired—after all, they said they'd participate!

5. When designing a survey, use many different rating systems. One question could be rated on a scale of 1-5 (5 being most important), one on a scale of 1-10 (1 being the most important), the next one a ranking of 1-7, and so on. After all, variety is the spice of life! If people get confused, then they're too stupid to be in your respondent pool anyway.

6. Don't analyze the results right away. It's much better to let the results age, for six months or more, and then come back to it with a fresh perspective. After all, aging is what makes a fine wine!

7. Don't bother following up with participants in a timely way. If you said you'd provide an incentive such as money or a copy of the results, either wait until you get around to it, such as a year later, or don’t do it at all. Besides, by then they may have moved on to another job and you won't be able to reach them. You already have their input, so who cares if you follow up?

Following these 7 steps will ensure that your research project fails! You always wanted to be a trapeze artist or mime anyway, right??

Ok, let’s step back into reality and assume that you DON’T want your research project to fail. The above are just some of the pitfalls that well- meaning and intelligent marketers can fall into when designing and conducting research.

And some are harder to avoid than others. For example, remembering to send out incentives in a timely manner can seem trivial among all the aspects of a research project. However, it’s very important to do so to maintain credibility with your research participants. And who hasn’t had to go back to the proverbial drawing board after realizing that you’re trying to research too many things at once?

Keeping these potential pitfalls in mind will ensure that your next research project is a resounding success!

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About MarketWise Insights, Inc.
 

MarketWise Insights, Inc. helps technology clients better understand their markets, customers and competitors and create corresponding marketing strategies. Since 1999, our research has helped clients:
  • Research and analyze market trends
  • Decide what new products and services to offer
  • Recognize competitive threats
  • Determine market size
  • Improve market positioning.
We focus on actionable research that truly helps you make marketing and business decisions.
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Howlings
 

Here, I share things that I've found helpful.

I recently read Freakonomics: A Rogue Economist Explores the Hidden Side of Everything by Steven Levitt and Stephen Dubner.

It's a fascinating and surprising readable book that delves into some complex issues (the drop in violent crime, for example) from an economic perspective. It is interesting both in terms of the particular subjects addressed as well the processes that the authors go through to reach their analytical conclusions.
 

Have a tip worth howling about or have you read the book and have some comments? Send them to me at the address below.

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March 2006 Newsletter - Back to MarketWise - June 2006 Newsletter