Market
Research FAQ
- "What are the two types of market research?"
- "How do I find full-text market research
reports?"
- "What is market share and how do I find
it for my industry?"
- "How do I find market size information for
a product?"
- "What are the best sources for demographic
information?"
- "How do I find information about consumer
behavior, including buying habits, at the brand level?"
- "How do I find international market
research?"
- "Where can I find a list of marketing firms?"
- "How do I find information about consumers'
lifestyle characteristics or psychographics (personality traits,
beliefs, and attitudes)?"
1. "What are the
two types of market research?"
The Dictionary of Marketing Terms (HF5415
D4873 in Reference) defines primary data as "The
information collected specifically for the purpose of the investigation
at hand" and secondary data as "The statistics
not gathered for the immediate study at hand but for some other
purpose." Primary data is usually gathered from original
sources, mainly through telephone or mail surveys, interviews,
and questionnaires. Secondary data is information that has already
been compiled by someone else.
2. "How do I find
full-text market research reports?"
Full-text market research reports are available through Mintel,
which provides reports on a wide variety of industries in the
U.S., the U.K., and a handful of other countries. Gartner
Intraweb supplies market research reports on the Information
Technology industries. Sports
Business Research Network contains data on sport participants,
spectators, and consumers of sporting goods and apparel. Euromonitor Passport provides six-year historic market
size data for more than 330 consumer products in 52 countries,
plus five-year forecasts.
For a more complete list of market research sources available
at the Management Library, check out our Market
Research Resource List.
3. "What is market
share and how do I find it for my industry?"
Oxford's A Dictionary of Business (HF
1001 C74 in Reference) defines this concept as the, "...share
of the total sales of all brands or products competing in the
same market that is captured by one particular brand or product,
usually expressed as a percentage." The Market Share Reporter
and the World Market Share Reporter provide this type
of data for many industries. These publications can be found
electronically through Business
& Company Resource Center or in print (HF5410 M34
and HF5410 W92, respectively, in Ready Reference).
An in-depth analysis of the environment in which your business
operates is an essential part of marketing research. Be sure to
consult our Industry
FAQs.
4. "How do I find
market size information for a product?"
Mintel
contains market research reports on a variety of U.S. industries,
as well as certain demographic groups, like teenagers. Mintel
provides reports for the U.S., the U.K., and a handful of other
countries. Gartner
Intraweb supplies market research reports on the Information
Technology industries.
International Marketing Data and Statistics
is a statistical yearbook of marketing information for more
than 160 countries. A companion volume of marketing data is
European Marketing Data and Statistics. These
publications can be accessed electronically through Euromonitor Passport or in print (HA42 I56 and
HA1107 E89, respectively, in Ready Reference).
Trade associations are often a good source of market size information.
Associations
Unlimited provides an easily searchable interface to more
than 460,000 international, national, regional, state, and local
organizations, including non-profits. The Encyclopedia
of Associations (HS61 G15 in Ready Reference)
lists more than 22,000 national and international organizations,
including trade, business, and commercial associations.
An article search will sometimes be the most effective way to
find market size information. Consult our Article
Research FAQs for tips and suggestions.
5. "What
are the best sources for demographic information?"
An excellent starting point for demographic information is the
web site for the U.S.
Census Bureau. The easiest way to electronically search
for Census data is to use American
FactFinder, which lets you browse and search for data from
many Census sources, including the 2000 Census and the 2002
Economic Census. Statistical Abstract of the United
States (HA202 C73 in Ready Reference; or online),
published since 1878, compiles Census data into easy-to-read
tables.
American Demographics is a monthly publication
that provides demographic and statistical information. It is available
electronically through Business
Source Premier or in print (HB3505 A66, current issues
in current periodicals on the first floor of the library).
Sourcebook America is an electronic resource
available in the Management Library, on public computers 1-3.
Sourcebook America includes comprehensive information
on every ZIP Code and county in the United States, including
population composition, income, spending, business data, consumer
information, and more.
The Management Library maintains several print resources that
provide specialized demographic data:
- The Baby Boom: Americans Born 1946 to 1964
(HB110 C6 R868 in Ready Reference)
- Generation X: Americans Aged 18 to 34 (HC110
C6 M544x in Ready Reference)
- The Millenials: Americans Born 1977 to 1994
(HC110 C6 M55 in Ready Reference)
- Older American: A Changing Market (HQ1064
U5 O43 in Ready Reference)
- The Survey of Buying Power and Media Markets
(HC106.3 S162 in Ready Reference)
6. "How do I
find information about consumer behavior, including buying habits,
at the brand level?"
Choices 3
is an electronic version of Simmons Survey of Media and
Markets. Choices 3 can be used to find the buyers and
users of products at the brand level. This resource can provide
access to complex data sets and generate crosstabulation reports,
which can then be manipulated to aid interpretation of the results.
Choices 3 is available on public computers 1-3 in the Management
Library.
7. "How
do I find international market research?"
Euromonitor Passport contains 6-year historic market
size data for more than 330 consumer products in 52 countries,
plus 5-year forecasts. With Euromonitor Passport,
it is very easy to analyze trends in consumer spending and establish
the largest markets for a product. It is also possible to find
data on the fastest growing, maturing, and declining markets.
Mintel
provides market research reports in full-text format for the
U.S., U.K., and some European countries. Additionally, Stat-USA
provides Industry Sector Analysis reports in its Globus & NTDB
section. These reports provide an anlysis of particular markets
in countries that the U.S. Department of Commerce believes are
potential investment opportunities for U.S. businesses. The
reports provide market research data as well as industry analysis.
Business
& Company Resource Center provides access to a variety of
Datamonitor Reports, which contain a mix of marketing intelligence,
analysis, and forecasting for many key international markets.
International Marketing Data and Statistics
is a statistical yearbook of marketing information for more
than 160 countries. A companion volume of marketing data is
European Marketing Data and Statistics. Both
of these resources are available electronically through Euromonitor Passport
or in print (HA42 I56 and HA1107 E89, respectively,
in Ready Reference).
8. "Where can
I find a list of marketing firms?"
A comprehensive list of marketing firms can be found in Green
Book: Worldwide Directory of Marketing Research Companies and
Services (HF5415 A2 A516 in Ready Reference).
The Green Book is arranged alphabetically by
company and also includes a category index and geographic index.
Another useful source is the Direct Marketing Market Place
(HF5415.1 D59 in Ready Reference), which provides information
on more than 9,700 organizations in the direct marketing industry.
9. "How
do I find information about consumers' lifestyle characteristics
or psychographics (personality traits, beliefs, and attitudes)?"
A good source for psychographic information is The Lifestyle
Market Analyst (HF5415.33 U6 L72 in Ready Reference).
Using profiles of more than 12 million households, The
Lifestyle Market Analyst combines lifestyle, demographic,
and geographic data in one publication.
Consumer Dimensions (HC110 C6 C66 in Ready
Reference) profiles the consumers of a large number of products
and services and includes some hard-to-find data (i.e. "U.S.
Adults Who Bought Greeting Cards by Select Demographics"
or "Profile of Adults Who Attend Select Sporting Events").
Still can't find the answer you're looking for? Send a question
to Ask A Librarian
or stop by the reference desk during reference
hours.
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