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Market Research Quotes

Browse 133 quotes about Market Research.

Market Research Quotes

“The world’s most deadly fluff is: “I would definitely buy that.” It just sounds so concrete. As a founder, you desperately want to believe it’s money in the bank. But folks are wildly optimistic about what they would do in the future. They’re always more positive, excited, and willing to pay in the imagined future than they are once it arrives.”

“We go through the futile process of asking for opinions and fish for compliments because we crave approval. We want to believe that the support and sign-off of someone we respect means our venture will succeed. But really, that person’s opinion doesn’t matter. They have no idea if the business is going to work. Only the market knows. You’re searching for the truth, not trying to be right. And you want to do it as quickly and cheaply as possible. Learning that your beliefs are wrong is frustrating, but it’s progress. It’s bringing you ever closer to the truth of a real problem and a good market. The worst thing you can do is ignore the bad news while searching for some tiny grain of validation to celebrate. You want the truth, not a gold star.”

“The purpose of data is to learn on time what is working and what is not and take any corrective actions according to that.”

“Market research helps you understand the need of your product in the existing market and the current competition.”

“Incorporate market research as an integral part of your business, and you’ll not just become competitive, but also profitable.”

“Incorrect results of the market research when fed to the marketing strategy and action plans produce disastrous results.”

“Even though marketing is one of the building blocks of a successful business, we should make sure that our marketing is effective and productive.”

“Market research is the process by which a business gathers and studies information related to the product or service it is providing or the market it is operating in.”

“Proper market research keeps you informed on what your competitors are doing, as well as their strengths and weaknesses.”

“The moment you will start considering market research as an ongoing process of your business, you will start uncovering so many hidden insights.”

“Market research not only helps you in gaining competitive advantage, but also helps you in being prepared to handle any testing business times.”

“Internet articles can be used to give direction to your research, but the real research will start after that. You can read The New York Times, The Washington Post, Forbes, Economic Times, or Entrepreneur as much as you want but these still can’t replace market research.”

“Footwear, apparel, accessories, cosmetics - they all belong to the ecommerce category or retail category, but they all are very different industries and require their own research.”

“If you want your customers to start eating spinach flavored ice cream, your idea won’t need as much cultural change as it will if you want your customers to start taking a coffee pill in the morning instead of fresh brewed coffee. Obviously, the latter will require more efforts and more marketing.”

“If the research is done for brand awareness and the results don't show any rosy picture, then maybe you want to share those results with your marketing head who can include more brand awareness strategies in her marketing plan.”

“We only do what we think is good and what we're happy with. I do that in stand-up, I even do it with my children's books. I don't do market research, I don't have focus groups, I don't care. I don't care if it fails, honestly. I'd rather have something that's completely mine fail than something succeed that I'm not proud of.”