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Brainnest - Day 1
Brainnest - Day 1
:
Tutor Bruna 19.09.2021
Contact
b.demoraisoares@gmail.com mra@brainnest.consulting
Market research is used as a basis for marketing actions
MARKET RESEARCH
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What is the most outstanding characteristic
of a market research professional?
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CURIOUS
Be curious about the person and not only about
RESEARCH
PROFESSIONAL
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CURIOUS
Be curious about the person and not only about
RESEARCH OBSERVER
Non-verbal communication is a key element.
PROFESSIONAL Besides, be present! Know what is happening
around you in order to understand consumer
behaviour, people, brands, and markets.
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CURIOUS
Be curious about the person and not only about
RESEARCH OBSERVER
Non-verbal communication is a key element.
PROFESSIONAL Besides, be present! Know what is happening
around you in order to understand consumer
behaviour, people, brands, and markets.
CREATIVE
Results are interesting, but when they are just
numbers or general insights they don't tell us
much. You have to know how to tell a story that
engages.
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HANDS-ON 6. Application
Sit down and read. This is the time to understand how you want to
respond to customer demand.
Prepare background information: Industry, competitors, communication
history, customers, products, etc.
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Define the Research Question
RQ1: Who are the key players in the market and what is their pricing strategy
adopted?
RQ2: What is the landscape of the fitness app market In Europe and how pre-
disposed would customers be to pay for such a service?
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Define the methodologies to be used
*Primary research usually costs more *It can be obtained faster and more affordable
and often takes longer to conduct than primary research
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QUANTITATIVE WHAT IS IT
A methodical analysis of phenomena by means
WHEN TO USE IT
Large-scale testing of a hypothesis generated
by a smaller portion of the sample
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Surveys QUAN
Online, Telephone, etc.
Face-to-face interviews
Hello, do you have a minute to
answer a few questions?
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WHAT IT IS
QUALITATIVE It is a methodological analysis that focuses on
obtaining data through open-ended and
WHEN TO USE IT
When you are looking not only for "what" but
also for "why" something happens in consumer
behavior
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In-depth interviews
Purely a conversational method QUAL
Focus Group
Usually includes a limited number of
respondents (6-10) from within your
target market
Case study
How industry uses innovative marketing
actions to solve communication problems
Qualitative Observation
Sight, smell, touch, taste, and
hearing
Secret shopper 15
These are the main methods, but there are many
others that can be applied.
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How do I know what is the best research
to answer my client's communication
problem?
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GAME!
kahoot.it
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Write the briefing
A market research brief will serve to align between client and team
the objectives that the research is intended to achieve.
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HOW TO BUILD A MARKET
RESEARCH BRIEFING
The steps are simple and you do not need to write much (2 pages are
enough)
1. Contextual Information
2. Research Purpose
3. Objectives
4. Research Methods
5. Deadline & Budget
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HOW TO BUILD A MARKET
RESEARCH BRIEFING
The steps are simple and you do not need to write much (2 pages are
enough)
1. Contextual Information
2. Research Purpose
3. Objectives
4. Research Methods
5. Deadline & Budget
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DEADLINE &
BUDGET
The research time will vary according to the type of research requested
(desk research versus in-depth interview)
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CLIENT 2: Fashion brand focused on +50 years old public
General description: The brand is new on the market and is working on a launch in the
near future. They will have a physical store in Berlin, and an e-commerce store that
will deliver all over Germany. They are not fast fashion but are part of a "new"
category called affordable luxury, composed of brands that are not as cheap as fast
fashion, but also not as expensive as luxury fashion.
Marketing problem: They are in a phase of structuring the business and would like to
understand what type of customer they are better to target, who these people would
be and their buying motivations.
Furthermore, they need to understand who the main competitors are in Germany and
how they can position themselves in the market from these insights.
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CLIENT 3: Fitness app
General description: The client is a fitness app with artificial intelligence functions that
proposes the right workout for you according to your current fitness level and goal.
They have only been in the market for a few years, but they operate globally with the
highest customer numbers in countries like India, the USA and France. Their
customers are the so-called "digital fitness", people between 18 and 35 years old,
who have their lifestyle totally focused on sports. Therefore they consume different
types of products related to the fitness world, such as clothing, food, beauty, etc.
Marketing problem: Despite their time on the market, they still face difficulties in
setting the price of their product since they operate in different countries and
therefore have different types of consumers and competition. They want to know what
is the optimal price for the product from industry insights and potential customers.
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Briefing
Use the template that I will send you by
email
Be creative!
Define your questions and plan the research
creatively. Good results come from
combining different methods
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Where you can do desk research
https://www.wgsn.com/en/
https://www.thefuturelaboratory.com/
https://trends.google.com/trends/?geo=DE
http://info.trendwatching.com/
https://www.thinkwithgoogle.com/intl/de-de/
https://www.statista.com/
https://www.nielsen.com/qa/en/solutions/segmentation/
https://www.pewresearch.org/