This research usually includes:
- Market size evaluation and prognoses;
- Market Trends and Demand
- Number of competitors, business size and market shares;
- Competitors’ product lines and pricing strategies;
- Competitors’ advertising and selling strategies;
- Online presence of competitors (websites, AdWords, SEO, Social media, content marketing) and their online marketing strategies;
Market & competition research usually involves the following research tools:
- Internet research, including webometrics’ research, Social Media research and websites analysis;
- Statistical databases and other secondary data sources;
- Government and private industrial reports review;
- Individual interviews;
We also conduct additional related types of research:
Marketing & distribution channels research
Depending on your product and market, different promotional & distribution channels can be considered.
- for some industries, traditional SEO and AdWords are sufficient;
- for some industries Social Media marketing and content marketing are more relevant;
- in B2B direct sales and offline intermediaries are very important;
- in some cases, offline Public Relations and seminars for customers are necessary;