A crucial component of launching any business, service, or product is a market research survey, a type of survey with many uses. For example, without market research surveys, companies wouldn't know if their business or service was performing well, if any changes were needed before a product launch, or if the plug should be pulled altogether before more money is sunk into a dead end.
Such insights also help businesses understand their target audience better. This can aid in preparing for a more successful launch. One way to garner such valuable information is by conducting market research.
With help from SurveyPlanet, you can create effective market research surveys. These will provide valuable insights needed for better business management.
Continue reading to find out more about great market research survey examples and questions.
There are two types of market research surveys: primary market research and secondary market research.
Primary market research is a process of collecting new data that hasn't already been gathered. This can be done with market research surveys, interviews, or questionnaires.
Secondary market research involves the analysis and interpretation of existing data collected for a purpose other than the current research goal.
This is cost-effective and time-efficient compared to primary research. It provides a broader understanding of the market and can be a valuable starting point for businesses.
Wondering how to conduct a market research survey? Here are the most common market research survey examples used by businesses:
When launching a new product, service, or business idea conducting a market research questionnaire can help discover if consumers think it's a good idea. A survey can concept test the launch of a new product or service or investigate what consumers specifically think about names, logos, packaging, pricing, and even proposed advertising campaigns.
If seeking to find out what people think of a brand—if it has the right messaging or how well it resonates with people overall—an engaging brand research survey is the right tool to use. Brand research is important for any business's success. It provides hard data that will drive effective decision-making while also giving insight into consumers’ minds.
How well understood is the target audience? If you're not sure how they would respond to one product over another, then target audience profiling is a great type of market research survey to utilize. Discover exactly what age, gender, and education level the target audience is composed of by using a profiling survey.
Explore this in more depth in our How to use demographic survey questions blog.
Target audience profiling is also useful in finding out what other types of brands the target audience enjoys. It provides more information about a customer base so that more effective business decisions are made.
Good market research questions provide valuable insights into a target audience's preferences, behaviors, and needs. Before creating a survey, it's important to identify objectives that will provide needed answers. Keeping this in mind before developing a survey will help in the crafting of better questions.
To help create a market research survey questionnaire, use the following questions to brainstorm:
Interested in finding out more about conducting this type of research? Read our blog covering market research 101 to explore additional question examples and guidelines.
Here are some market research survey question examples that can be used in a questionnaire:
Rank the following factors in order of importance when considering [Product/Service] options: price, features, brand reputation, and customer reviews.
Such survey questions serve as a starting point for further research efforts and can be customized to fit any industry and target audience.
There are advantages and disadvantages of surveys used in this type of research.
Surveys are a cost-effective way to conduct market research. They also make it easy to collect anonymous responses, which are generally more candid. A large sample size can be reached with a market research questionnaire or survey, allowing for more accurate data with which to draw conclusions. Lastly, it's easy to collect data with market research surveys.
On the flip side, market research questionnaires do have a few disadvantages. To start with, respondents might not answer honestly or complete the survey in full. Surveys also run the risk of inconclusive data. Further, there's the possibility that respondents don't understand the questions correctly.
Although there are both advantages and disadvantages to using surveys for market research, the advantages outweigh the disadvantages. Surveys can provide a business with the needed insight to properly understand its market.
Need to find out if you have the next big product or what a target audience thinks of your brand? Maybe it’s time to sign up for an account with SurveyPlanet.
Once you're ready to begin, simply log in to SurveyPlanet and create a survey. To develop the most effective questions, start by listing the most important answers that are needed.
Respondents have more focus at the beginning of a survey than at the end, so placing the most important questions first will bring better results. If a series of questions—based on how someone answers a specific previous question—are needed then question branching can gather more insight about a specific topic.
With our Pro version, SurveyPlanet offers the functionality to use photos in both questions and answers. Pro features make it easier to determine what an audience thinks of certain products, designs, or other visual elements.
Ready to tackle creating a survey? Feel free to use one of our pre-made designs or create a customized one that matches your branding. SurveyPlanet provides all the tools needed to create effective market research surveys.
Free unlimited surveys, questions and responses.