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An Archive of Our Own, a project of the Organization for Transformative Works
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An Archive of Our Own, a project of the Organization for Transformative Works
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Part one
An Archive of Our Own, a project of the Organization for Transformative Works
Conducting Market Research – TopHawks.com
Many business owners neglect this crucial step in product development for the sole reason that they don't want to hear any negative feedback. They are convinced their product or service is perfect just the way it is, and they don't want to risk tampering with it.
Other entrepreneurs bypass market research because they fear it will be too expensive. With all the other startup costs you're facing, it's not easy to justify spending money on research that will only prove what you knew all along: Your product is a winner.
Regardless of the reason, failing to do market research can amount to a death sentence for your product. "A lot of companies skim over the important background information because they're so interested in getting their product to market," says Donna Barson, president and owner of Barson Marketing Inc., a marketing, advertising and public relations consulting firm. "But the companies that do the best are the ones that do their homework."
Market Research Methods
In conducting your market research, you will gather two types of data: primary and secondary. Primary research is information that comes directly from the source--that is, potential customers. You can compile this information yourself or hire someone else to gather it for you via surveys, focus groups and other methods. Secondary research involves gathering statistics, reports, studies and other data from organizations such as government agencies, trade associations and your local chamber of commerce.
Secondary Research
The vast majority of research you can find will be secondary research. While large companies spend huge amounts of money on market research, the good news is that plenty of information is available for free to entrepreneurs on a tight budget. The best places to start? Your local library and the internet.
Maps
Maps of trading areas in counties and states are available from chambers of commerce, trade development commissions, industrial development boards and local newspaper offices. These maps show the major areas of commerce and can also help you judge the accessibility of various sites. Access is an important consideration in determining the limits of your market area.
Colleges and Universities
Local colleges and universities are valuable sources of information. Many college business departments have students who are eager to work in the "real world," gathering information and doing research at little or no cost.
Finally, local business schools are a great source of experts. Many business professors do consulting on the side, and some will even be happy to offer you marketing, sales, strategic planning or financial information for free. Call professors who specialize in these areas; if they can't help, they'll be able to put you in touch with someone who can.
Consider market research an investment in your future. If you make the necessary adjustments to your product or service now, you'll save money in the long run.
For more information, visit our website tophawks.com
The new information technology, Internet and e-mail, have practically eliminated the physical costs of communications.
tophawks.com
Effective ecommerce: Five tips to improving the after-sales service
Perhaps the biggest drawback of online shopping is the time gap between purchasing and playing with goods. Retailers need to do everything they can to make this after-sales period informative to build crucial customer loyalty.
At Episerver, we recently tested today’s digital highstreet by surveying 1,000 consumers about their attitudes and personal experiences before benchmarking these findings against the performance of the top 25 retailers. The after-sales period is a crucial time for retailers to show customers they are going the extra mile and to ensure they come back to the site for future purchases. However, the average score in this area was only 65%, so where can retailers improve?
Falling short on SMS
Our research demonstrates that communication is very important to online shoppers, and most retailers hit the mark by providing an email notification of purchase. However, one in three failed to keep their customers up to speed when it came to providing a simple email notification of dispatch. The most common area where retailers were falling down is in providing SMS updates along the delivery journey, with only one in five providing an SMS alert at any stage.
The good news for retailers is that implementing a few basic automated processes, such as email or SMS notifications, which are simple to provide but hugely valuable to the customer, can elevate an after-sales experience from good to outstanding.
So what can we learn?
The average overall score for after-sales service of 65% indicates that there is plenty of room for improvement, even among some of the top retailers. We’ve put together five top tips that will help retailers offer an exceptional browsing experience:
Send a confirmation email – once a shopper has purchased an item, make sure they receive an almost immediate automated confirmation of the purchase. Ensure that your communication is optimized for the screen that your customer uses. In a multi-multi world, customers expect it.
Delivery notifications – in an increasingly mobile world, it’s a nice touch to give customers the option of receiving a text message to confirm their delivery time. Again, if you are sending e-mails, make sure that the communication and landing pages are optimized for multi-screens.
Confirmation of dispatch – let your shopper know when you’ve despatched their product, as they’ll appreciate knowing the process is moving forward. If things are delayed, make sure you tell them and don’t leave them wondering. Give your customers the option to track their purchase online, or provide tracking numbers so that they can do this via the postal service or courier.
Make delivery easy – be flexible with your delivery methods by giving customers the choice to pick up their purchases from the shop. Similarly, make returning an item as easy as possible, whether this is done via shipping or taken into store. Customers see the brand as a single entity, so engaging through multiple channels should be seamless.
Loyalty counts – 57% of people have a few favourite websites they shop from, so don’t forget to nurture your customers for the next purchase. Use their profiles to offer them personalised email and social offers, or give them special status for shopping regularly with you.
Many of these features are easy to implement and, considering how crucial an enjoyable after-sales experience is in generating return business, retailers should be taking steps to improve the customer experience beyond the transaction.
In the market channel, quality defines the trust of product or service onto the consumers. By maintaining quality standards, any product and service, customer would more rely on the particular brand and purchase it again and again; also they will recommend it to their friends and peers.
Tophawks marketing solutions also tracks and record their quality standard in their services and get insight of each and every minute detail at every level of service execution for better performance. Our clients are well assured of our quality standard delivery system to them because we earn it.