Professional Documents
Culture Documents
Q3.2 2 2019 Muzi
Q3.2 2 2019 Muzi
Background 3
Methodology 4
Detailed findings 5
Conclusion 19
Recommendations 20
Marketing research is a very useful procedure that can assist an organisation to gauge
the market performance of a product. Consumers have access to a lot of information
via the internet. Introducing an online product without conducting a research would be
unwise. The team had to investigate via a survey on a number of aspects about the
product they were introducing into the market called eTrendz. The target market
including consumers between the ages of 18 to 35 who are full time students, working
part time and working full time. The issue was to measure their levels of subscribing,
how often they would buy, ability to purchase, their consideration on the environmental
issues with paper and if they considered that the magazine was for rich people.
Online survey were emailed to 750 consumers each group with an equal number of
250. Only 295 responded to the survey with full time students having 85 (34%), part
time workers 100 (40%) and full time workers 115 (46%).
A total of ten (10) questions were asked which included age and gender, the belief on
cost and the users of the magazine, the potential to subscribe and the likely
frequency.
The data that was keyed in an Microsoft Excel spread sheet was analysed using the
same program to come out with averages and percentages that were used to create
graphs for easy interpretation.
120
Age of the participants
100
80
60
100
40
66 63
20 34 37
0
Full time students Working full time Working Part time
18 – 25 years 26 – 35 years
Environmental friendly
4
3.9
3.88
3.8
3.7
3.6 3.65
3.5
3.51
3.4
3.3
Full time student Working full time Working part time
The averages on environmental friendliness are working part time 3,88 (35%
agreed), working full time 3,65 (42% agreeing) and full time students 3,51 (41%
indifferent). They all considered the magazine environmentally friendly.
Sakamuzi Moya - Marketing Research Report
6
DETAILED FINDINGS – CHEAPER OPTION
Magazine is cheaper
4 3.8
3.5 3.2
3 2.9
2.5
1.5
0.5
0
Full time student Working full time Working part time
Cheaper
Full time students recorded highest average of 3,8 (38% agreed), working full time
at 3,2 (35% agreed) and working part-time with the least average of 2,9 (44%
neither agreed or disagreed).
Sakamuzi Moya - Marketing Research Report
7
DETAILED FINDINGS – VALUE FOR MONEY
Averaged for full time students was 3,12 (32% neither agreed or disagreed), working
full time 3,39 (38% disagreed) and working part time 2,25 (42% neither agreed or
disagreed).
Sakamuzi Moya - Marketing Research Report
8
DETAILED FINDINGS – PREFER PAPER
Preference paper
4.5
3.5
2.5
Average
1.5
0.5
0
Full time student Working full time Working Part time
Working part time 4,11 (30% agreed, 41% strongly agreed), working full time 3,2
(38% neither agreed or disagreed) and full time students 2,42 (42% neither
agreed or disagreed).
Sakamuzi Moya - Marketing Research Report 9
DETAILED FINDINGS – FOR RICH PEOPLE
3.5
3 2.88 2.89
Average
2.5
1.5
0.5
0
Full time student Working full time Working Part time
Those working part time workers considered the magazine for the rich with an
average of 4,09 (49% agreed). Full time employees 2,89 (24 disagreed, 26%
neither agreed or disagreed, 26 agreed) and full time students 2,88 (45%
neither
Sakamuzi Moya - Marketing Research agreed
Report
10
or disagreed).
DETAILED FINDINGS – WASTING OF DATA
Waste data
3.24
3.22
3.2
3.18
3.16
Average
3.14
3.12
3.1
3.08
3.06
3.04
Full time student Working full time Working Part time
Full time students 3,22 (38% neither agreed or disagreed), working part time 3,16
(32% agreed) and working full time 3,11 (37% agreed). The averages are in the
same range with the highest coming from full time students and the least from
those
Sakamuzi Moya - Marketing Research working
Report
11 full time
DETAILED FINDINGS – SUBSCRIBERS
Percent of Subscribers
80
70
60
50
Axis Title
40
30
20
10
0
Full time students Working full time Working Part time
The majority are not current subscribers, full time student had 62% non subscribers
and 38% subscribers and those working part time 33% subscribe whilst 67%
indicated are not subscribers.
Sakamuzi Moya - Marketing Research Report
12
DETAILED FINDINGS – TOPICS SELECTED
Topic 1 Topic 2
6 4.7 4.67
4.87
5 4.6
4 4.5
3.18 2.96 4.42
Average
Average
3 4.4 4.35
2 4.3
1 4.2
0 4.1
Full time Working full Working Part Full time Working full Working Part
student time time student time time
5
4.88 fashion was selected by all as the
4.9
4.8 preferred item. Topic 3, the part time
4.7
4.6 workers and full time students opted for
Full time Working full Working Part
student time time beauty, whist full time workers chose
Sakamuzi Moya - Marketing Research
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Report
health.
DETAILED FINDINGS – NAME eTRENDS
Name acceptability
3.9
3.85
3.8
3.75
3.7
Average
3.65
3.6
3.55
3.5
3.45
3.4
Full time student Working full time Working Part time
Full time students 3,84 (42% agreed), Part time workers 3,8 (39% agreed) working
full time 3,57 (49% agreed). The name seemed to be acceptable to the groups
interviewed.
Sakamuzi Moya - Marketing Research Report
14
DETAILED FINDINGS – FREQUENCY
Frequency
4.4
4.36
4.3
4.31
4.2
4.1
4
3.99
3.9
3.8
Full time student Working full time Working part time
The average to subscribe for part-time workers at 4,31 (42% twice per year),
working full-time was 4,36 (35% twice per year) and for full-time students at 3,99
(31% twice per year). Twice per is preferred.
2.5
2
1.5
1
0.5
0
Full time student Working full time Working Part time
The average to subscribe for part-time workers at 4,46 (29% agreed), working full-
time was 4,06 (28% strongly agreed, 25% agreed) and for full-time students at
3,34 (30% neither agreed or disagreed) .
Sakamuzi Moya - Marketing Research Report
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DETAILED FINDINGS – LIKELIHOOD OF
SUBSCRIBING
Gender
60 56 55
51
49
50
44 45
40
30
20
10
0
Full time students Working full time Working part time
Male Female
44% male and 56% female for the full time students, 55% male and 45 female
for full time workers and 49% male and 51% for working part time.
The consumers will most likely subscribe to the magazine as the results obtained
are mostly positive. They considered the magazine cheaper and not for the rich.
The interviews have also selected the topics they are interested in and shown
that they are interested in digital magazine as it is more environmentally friendly
as compared to paper. If the magazine is launched it will have subscribers.
The online magazine should be launched and carry the content that are popular
with the target market.
The magazine should start by offering limited frequency to gauge the response
before they can introduce more. Starting with a least biannually will be good.
Should also promote the advantage online over paper and the ability to change
content faster that paper.