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Webinar: What Market Research Does Your Brand Actually Need?
By E2E Research | November 1, 2022

Whether you go by Marketer, Strategist, Founder, Entrepreneur, or Start-Up Master, you need the right insights to help you build your growing business from local to global. Register for a webinar that will help you identify the unique insights that various types of market research can reveal in each stage of your business.
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> Find out which qualitative techniques would be most beneficial depending on the stage of your start-up.
> Identify opportunities to conduct quantitative research without treating questionnaires as a Swiss army knife.
> Learn how you can benefit from business intelligence.
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When

November 17, 2022; 1 to 1:50pm Eastern

The event has passed. Please enjoy the recording!

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Speaker

Annie Pettit, PhD CAIP FCRIC is the Chief Research Officer, NA, at E2E Research. She is a research methodologist who specializes in participant engagement, data quality, and innovative methods. She has spoken at conferences around the world, educating researchers about the best ways to conduct research that is valid, reliable, and actionable. She is also Chair of the Canadian ISO Standards Committee (ISO 20252). Most importantly, she’s an avid ukulele player.

What is a Census Representative Sample?
By E2E Research | March 29, 2022

The people researchers choose to share their opinions in marketing research can make a huge difference in the quality of answers we receive. That’s why it’s important to understand the research question and who would be best suited to speak with to get the necessary answers.

 

Let’s consider one type of sample that researchers often consider when conducting research – a census representative sample.

 

 

What is a census representative sample?

Decorative imageYou might also hear these referred to as ‘Census Rep’ samples. A census rep sample requires access to census data, something that is typically generated by large-scale government surveys completed by millions of their residents or citizens. In the USA, that’s census.gov and in Canada, that’s Statistics Canada.

 

A census rep sample can be designed to reflect any specific group of people. The key consideration is that the sample of completed questionnaires reflects the larger population on important criteria. The sample could reflect an entire country (e.g., USA, Mexica, Canada), a state or province (e.g., California, Quebec), or a city or town (e.g., Boston, Ottawa). This type of census rep sample is reasonably easy to define.

 

Another type of a census rep sample can be defined by target group behaviors or characteristics. For instance, you might be interested in a census rep sample of people who smoke or who have diabetes. Of course, building these types of census rep samples is far more difficult because government census data tends to be set up to understand basic demographics like age and gender, rather than behaviors like smoking and ailments like diabetes.

 

 

When would I use a census representative sample?

Census rep samples are extremely important for at least couple research objectives.

 

First, when you need to calculate incidence rates for a product or service, you need to first generalize from a representative group of people of your target audience. You need to be able to define your population before you can know what percent of them uses a product or performs a behavior.

 

Second, census rep samples are extremely important for market sizing. Again, you need to generalize from a representative group of your target audience before you can estimate the percent of people who might qualify to use your product or services.

 

 

Why is a census representative sample important?

Decorative imageCreating a census representative sample is extremely important. You could get into trouble if you recruit a sample of research participants who don’t look like actual users.

 

You might gather opinions from too many older people, too many women, too many higher educated people, or too many lower income people. Your final research conclusion might be based on opinions collected from the wrong people and lead to development of the wrong product or product features.

 

 

An example of a census representative sample

Let’s consider an example where we want to determine which flavour of pasta sauce to launch in a new market – California. We’ve got two delicious options – a spicy, jalapeno version and a mild portobello mushroom version.

 

We know people from different cultures and ethnic backgrounds have very different flavor preferences so we need to ensure that the people who participate in our research will accurately reflect the region where we will launch this new pasta sauce.

 

Now, we could recruit and survey a sample of people based on a basic quota that will help make sure we hear from a range of people. It might look like what you see in the first column of the table – even splits among each of the demographic groups with a bit of estimation for ethnic groups. But that’s not actually what California looks like. Instead, let’s build a census rep sample matrix based on real data.

 

Decorative image To start, we need to define a census rep sample of California. First, we find those people in a census dataset. Then, we identify the frequencies for each of the key demographic criteria – what is the gender, age, ethnicity, and Hispanic background (as well as any other important variables) of the people who live in California. Fortunately for us, this data is readily available. On the census.gov website, we learn that in California, 50% of people are female, 6% are Black, and 39% are Hispanic.

 

Now we can recruit a sample of people from California whose final data will match those demographic criteria – 50% female, 6% Black, and 39% Hispanic. You can see just how different those numbers are are from the original basic quotas!

 

In the last two columns, you can see that we’ve even split out the criteria by gender (even better, you can do this based on the census data). This will ensure that one of the age groups isn’t mostly women or one of the Hispanic groups isn’t mostly men. When we nest our criteria within gender, we end up with a nested, census rep sample. Nested demographics are the ideal scenario but they do make fulfilling sample more costly and time-consuming. You’ll have to run a cost-benefit analysis.

 

 

What’s Next?

Are you ready to build a census representative sample for your next incidence rate or market sizing project? Email your project specifications to our research experts using Projects at E2Eresearch dot com. We’d love to help you turn your enigmas into enlightenment!

 

 

 

Sample Conferences

 

 

Learn more from our case studies

 

 

Learn more from our other blog posts
30 Questions Food and Beverage Market Researchers Need to Answer
By E2E Research | January 13, 2022

There’s more to creating a successful food or beverage product than selling something you love eating or drinking. Consumers are always on the lookout for food and beverage options that are scrumptious but also better quality, healthier, affordable and easily available.

 

If you’re hoping to move a product from successful with kids in your household to successful with kids in your country, many questions need to be identified, answered, and acted on. This list of questions focused around the five Ps will ensure you gather the information you need to get there.

 

 

Better Understand the Product: Nutrition, sensory, packaging

Decorative imageAt the heart of a successful food or beverage business is a carefully researched and designed product that meets the key needs of its target audience – yes, even food and beverages products have key needs. By conducting well designed surveys and product/sensory tests via IHUTs or Central Location Tests, you can understand:

  • What nutritional, sensory, or emotional needs are your shoppers and consumers trying to meet and what unmet needs need additional development?
  • How is the food or beverage used to meet unexpected needs such that new audiences could be targeted? E.g., are slow foods being converted into fast foods, are meat foods being converted into meat-free foods, are solid foods being converted into drinkable foods?
  • What features, whether sensory, emotional, packaging or otherwise, of the product are unique within the broader, competitive category and how could they serve as your unique selling points?
  • How are the package and eating implements “correctly” and “incorrectly” used suggesting needs for redesign or improvements?
  • Does the memorability of your food or beverage require improvements in terms of its sensory features, packaging, branding, colors, or logos?
  • Should certain product lines be expanded or reduced based on growing or decreasing market needs?

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    Review a product case study:

 

 

Better Understand the People: Cooks, bakers, shoppers, eaters, snackers, caregivers, meal planners, meal preppers

Decorative imageBefore a new food or beverage product is even launched, it’s important to understand the perceptions of all key stakeholders. From eaters to shoppers and those who will be preparing or recommending the product, it’s imperative that each group understand the benefits and drawbacks of the product to ensure maximum success. Using questionnaires, business intelligence, and secondary research, you can understand a number of key questions:

 

  • Who are your target shoppers and consumers in terms of their demographic, psychographic, family, social, economic, and health characteristics?
  • Which stakeholders come into contact with your food or beverage e.g., caregivers, shoppers, cooks, bakers, eaters, snackers, meal planners, meal preppers?
  • Which stakeholders will influence your target audience to consider using or buying food and beverages?
  • What does each stakeholder group need, want, feel, and prefer, and how do their needs conflict with each other?
  • What drives each key stakeholder group to choose, use, buy, and recommend your brand vs competitive brands?
  • How does the shopper journey evolve from discovering a need through to shopping, comparing, and buying while also considering nutritional, emotional, financial, and social needs at each stage?
  • What personal histories and experiences do people have with the food or beverage product and category including with your brand and competitive brands?

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    Review a stakeholder case study

 

 

Better Understand Placement, Industry, and Competitive Market Space

Decorative imageEvery food and beverage product exists within a broad ecosystem of competitive brands and companies. By conducting engaging questionnaires or secondary desk research, you can understand a wide range of business problems such as:

 

  • Who are your primary and secondary competitors locally, globally, and virtually?
  • What sensory, product, physical, emotional, social, and economic needs is the market failing to address?
  • How has the competitive landscape changed over the last year and how might the food and beverage category evolve over the next 3 to 5 years within your region and potential expansion regions?
  • Where are the white spaces to develop new food and beverages, or new service locations?
  • Can secondary data help you understand how large your existing market is and how large it could be while still remaining profitable?

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   Review a market case study 

 

 

Better Understand Promotions, Advertising, and Campaigns

Decorative imageWith a great food or beverage innovation and a well understand target audience, a marketing campaign is often required to reach out to a wider audience and introduce the masses to your offering. Using questionnaires or data analytics, a number of key questions can be answered:

 

  • Which online and offline information channels do your consumers and shoppers use to learn about new food and beverages, gather recommendations, or make purchases?
  • What types of messaging would be most successful at reaching your target audience and differentiating your product from competitive products?
  • What types of ads would be most effective with each of your audience segments when considering likability, meaningfulness, believability and the likelihood to act?
  • What types of food and beverage marketing campaigns are more likely to be successful?
  • What types of brands, companies, or influencers would your consumers and buyers like to see incorporated in an integrated marketing campaign?
  • Which food and beverage concepts are most memorable and would generate the most action from your target audience?

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   Review an advertising case study:

 

 

Create A Fair and Profitable Pricing Strategy

Decorative imageThere is more to pricing than picking a number that will generate profit. A price that is too high can reduce recommendations from friends and family. A price that is too low leaves achievable profit on the table. A final price can only be determined by understanding your true profit margin, market pricing, and stakeholder needs. To build the most effective pricing strategy for your new food or beverage, conduct the appropriate surveys, interviews, and secondary research first.

 

  • Based on secondary research, how are competitive products on the market currently priced?
  • Using questionnaire data, what type of pricing strategy is most appealing to shoppers?
  • What type of pricing strategy would facilitate product recommendations from influential friends and family?
  • Which user segment has the least and the greatest revenue potential?
  • Based on a Conjoint or MaxDiff questionnaire, which product features drive higher and lower prices?
  • What type of pricing strategy is fair and accessible versus out of reach to lower income people vs higher income people?

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   Review a pricing case study

 

 

Conclusion

Creating a successful food or beverage product requires a foundation of well designed and executed research coupled with well actioned research results. Whether you’re tasked with supporting the growth of an innovative cannabis beverage or helping a company understand the different needs of buyers and consumers, our team has years of experience helping researchers, marketers, and brand managers generate great quality food and beverage data and insights. Please email your project specifications to our research experts using Projects at E2Eresearch dot com. We’d love to help you convert your enigmas to enlightenment!

 

 

 Learn at upcoming food and beverage industry conferences

 

Listen to some great podcasts about food and beverage marketing

 

How to Leverage TikTok as a Consumer and Customer Insights Tool
By E2E Research | October 28, 2021

Confession time.

 

I’m addicted to TikTok.

 

 

What is TikTok?

List of digital things that happen in a minuteTikTok is used by more than 1 billion people each month and, including me, they watch more than 167 million videos every minute. Wow!

 

If you haven’t used TikTok before, I’ll give you a quick explanation. Anyone, not just the tweens and teens, can set up an account to watch or post videos of up to 1 or 3 minutes.

 

“Creators” are people who make videos of themselves talking, walking, dancing, or of the world around them. Creators can be regular people with 3 followers, influencers with millions of followers, small business owners, or companies with large social media teams.

 

Personally, I’m a lurker. I don’t make videos (as you can see on my personal TikTok account) but I have a bunch of favourite accounts and favourite topics that I love to watch.

 

The topics are literally endless – whatever strikes your fancy, whether that’s cats and cheese or deep social, cultural, and political issues.

 

TikTok uses an analytical algorithm to decide which videos it presents to you. If you swipe past a video really fast, they’ll show you fewer of those kinds of videos. If you watch, like, or comment on a video, they’ll show you more of those kinds of videos.

 

The algorithm works FAST so if you ‘like’ a puppy video, you’ll be offered several more of those almost immediately. What it means is that you need to swipe past videos you dislike really fast or you’ll just get more of them – and that won’t make you happy.

 

 

Why do I like TikTok?

Even though I live in a city where more than 50% of residents belong to a visible minority community, my neighbourhood, my grocery store, and my social circle are not very diverse. I don’t see a lot of people who don’t look like me. And with the panorama (as I prefer to call it), I’ve been visiting diverse communities in my city far less often than usual.

 

This is why I love TikTok. I’ve found a Tok for so many communities different from my own. DisabledTok, DeafTok, AutismTok, IndigenousTok…. but I haven’t yet found “ResearchTok.”

 

Of course, ResearchTok is actually everywhere. You just have to listen carefully.

 

 

TikTok for insights

Naturally, TikTok can be used as any other social media channel is used for social listening purposes. Many videos come with automated or manual captions, as well as audio that can be transcribed and coded.If you want to collect opinions about brands, buyers, and businesses, you’ll get a first hand look at those opinions right here.

 

But TikTok is an invaluable research tool for people who design research, whether that’s quantitative questionnaires, qualitative groups and interviews, or something else. Here’s why.

 

 

People with disabilities: TikTok is where I get to actually see and listen to people who are disabled navigate their world. I see and hear first-hand the motivators and barriers they experience as they drive, shop, and consume in their everyday lives.

 

I see the struggles they face as cars block the sidewalks and ramps making it impossible for them to visit their favorite stores. I see how stores fail to accommodate their needs by not providing ramps or placing self-serve counters out of sight and out of reach. I watch how packages can’t be held or opened or poured because the package designers didn’t account for their user base.

 

I get a whole new and improved perspective on the types of issues I need to account for when I write questions about accessing and navigating stores as well as choosing and using product packages.

 

 

People of different ethnicities: Though I’m sure I’ve experienced some biases because of my specific demographic characteristics, TikTok is where I see the huge biases and aggressions experienced by people who are marginalized every single day, everywhere they go.

 

I see how hand driers don’t recognize darker skin, how brands frame people who are marginalized as victims, and how code switching means some people can’t be their authentic selves at work, at school, or while shopping.

 

It reminds me that it’s so important to ensure the research I conduct accounts for and respects people of all ethnicities. It reminds me that sticking to strict census balancing isn’t sufficient – I need to boost and weight sample for Black and Indigenous people so I can truly listen to and understand everyone.

 

People of different sexualities: Ever wonder what all the letters in LGTBGQIA+ stand for? TikTok has your back. People of all genders and sexualities are happy and keen to share their perspectives about the world around them and how they’re treated in it.

 

Listen first hand to how binary sex and gender options trivialize, diminish, and ignore their life experiences, and how relieved and heard they feel when they’re able to accurately describe themselves.

 

Sure, I might have decades of hard coded memory telling me that gender is binary, but I need to cancel that narrative and recognize that gender is a construct not a fact. I need to make sure demographic questions are accurate, respectful, and all-encompassing.

 

 

What’s the impact of TikTok on research?

As a relatively privileged person, TikTok has further opened my world to the rainbow of people who exist in it. My personal experiences may be common but there are millions, billions of people whose experiences I could have never imagined without the help of TikTok.

 

My questionnaires are better written. Not only am I far more careful and knowledgeable about how I write demographic questions, I’m more careful about how I write questions about brands, retailers, and product usage. I’ve always used my own experiences to write those questions, but now I am better able to consider a much broader range of experiences.

 

If you’re interested, here are a few of my favourite accounts. These folks are well-informed, educational, funny, and eager to share their personal experiences so that people like me can do better. Learn lots!

 

 

 

What’s Next?

Are you ready to discover top quality insights about your buyers, brands, and business? Email your project specifications to our research experts using Projects at E2Eresearch dot com. We’d love to help you turn your enigmas into enlightenment!

 

 

Learn more from our case studies

 

Learn more from our other blog posts

Everything You Need to Know about Conducting Effective Secondary Research
By E2E Research | July 30, 2021

Secondary research is an under-utilized yet fantastic way to better understand your competitors, build business development strategies, understand regional markets, create market entry strategies, and so much more.

 

But what exactly is it? Unlike primary research where you create your own data by launching a questionnaire or focus group, secondary research entails using data previously generated for other purposes. If you wrote any literature reviews in high school, college, or university, chances are you already know all about secondary research. Now that we’re in the business world, secondary research includes finding and analyzing:

 

  • Survey, interview, focus group, mystery shopping, sensory testing, and biometrics research completed by your own company in previous years for other purposes
  • Sales, transactional, and logistics data that was originally collected by your company for the purposes of production and fulfillment
  • Social listening data collected from social networks, online comments, online reviews, blogs, and other user-generated website content.
  • Census research that was conducted by government sources to allocate funding and services throughout the local region or country
  • Academic research conducted at colleges and universities, whether it’s been published as a journal article or stuffed in a file drawer because the professor got interested in something else
  • Research conducted by competitors and presented at conferences or shared in blogs or industry magazines
  • Research conducted by industry associations among their members or their stakeholders
  • Research conducted by third-party groups for the sole purposes of selling for profit to other people (you!)
  • Data collected by internet search engines such as Google Trends

 

Some specific sources of secondary data that are often useful for consumer and market researchers include:

 

  • Acxiom – demographic, home, vehicle, shopping, interests data
  • Arbitron / Nielsen Audio – radio data
  • Comscore – website visits and behaviors, trends, digital/linear/OTT TV viewership
  • Datalogix – online click tracking, consumer lifestyles, demographics, audience data
  • Dunnhumby – customer data via retailer loyalty programs
  • ecommerceDB – traffic of major brands, business trends, revenue by country
  • Epsilon – demographic data
  • Equifax – financial data
  • ExactData – consumer and business names, postal, email addresses
  • IQvia – healthcare and pharmaceutical data, anonymous patient data
  • IRI – purchase, media, social, loyalty data, consumer, shopper, retail data
  • Mintel – new product launches by category
  • Numerator – retail purchases
  • SimilarWeb – websites traffic trends, sources

 

The key point is that someone else already generated or curated data to suit their own purposes and now you are taking advantage of it to make further analyses that suit your purposes.

 

No matter how innovative and ground breaking your research or business problem is, someone has ALWAYS done relevant research prior to you. For example, when the very first academic research examined the validity of online questionnaire data, lots of research had already been conducted to understand the validity of questionnaire data in general. No data exists in a silo!

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Why use secondary research?

Let’s break secondary research into two overly simplified categories: Basic and complex.

 

Basic desk research

This is what you do everyday. It might take a few minutes or a few hours but you regularly:

 

  • Do quick online searches of the top 20 brands in a product category so that your questionnaire doesn’t exclude an important brand
  • Do a quick Twitter search to see the real words people use when they describe a brand so that you can build more informed focus group discussion guides
  • Check your government’s census data to ensure your questionnaire sampling plan is designed to reach a target group that reflects the general population in terms of gender, age, ethnicity, and income
  • Read an online blog post to gain a better understanding of a research methodology you don’t use very often (is this you right now?!)

 

 

Complex desk research

On the other hand, complex desk research might take weeks or months depending on how difficult it is find and analyze the information. For instance, developing a new product and introducing it to a new country with existing competitors would benefit from secondary research to address business problems such as:

 

  • What products already exist, what features do they offer, how are they priced?
  • What should your product cost given the prices and features of competitive brands and consumer characteristics?
  • How big is your market now and how big could it become?
  • How can your business identify the most strategic buyers and markets?
  • What do your suppliers and customers look like and which are the riskiest?
  • Which expansion strategies are effective in different parts of the country or the world?

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Advantages of Secondary Research

There are disadvantages to every research methodology you might consider. For instance, with secondary research,  you won’t always find all the data you need, you’re not always sure about the detailed methodology behind the data collection and reporting, the data will never be complete nor perfect, and you won’t always get the why along with the what. But there are definitely some great advantages that come with triangulating multiple data sources to understand a specific problem.

 

Prove your worth

When launching a new product, it is important to prove to your boss, investors, and other stakeholders that your idea is worth investing in and you understand what is happening in the market. No idea exists in a vacuum and you need to demonstrate that you understand what your potential market looks like and what could go completely wrong (or completely right!) after you launch.

 

Avoid wasting time and money

Upon doing your research, you may discover that someone else has already built the amazingly innovative widget you were planning to build. You now have the opportunity to figure out how to differentiate yourself BEFORE wasting time building the exact same widget.

 

Decrease your margin of error

Why do researchers like large sample sizes? Because the more people you include in a research study, the more you improve your chances of finding the “correct” answer. As just one person, you can only conduct so much research. But, when you invest that time into collecting multiple pieces of research from multiple sources, you will improve your chances of finding the “correct” answer. In the academic world, you could think of this as meta-analysis – when 95 studies prove X and 5 studies prove Y, chances are the X is the “correct” answer.  (There often isn’t one correct answer, just a more comprehensive or well-informed answer.)

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Tips to follow

Like many things, there is an art and a science to finding good quality data and analyzing it well. Here are some helpful tips to ensure you end up with useful secondary research:

 

Define clear research objectives

Just because you aren’t designing a questionnaire or interview doesn’t mean you can get away without well defined research objectives. Build a clear plan with specific research questions. Identify the types of data that could answer those questions – census data? Interview data? Sales data? It’s okay to start the research process with random searching in random places just to get a sense of what you know and don’t know. But, once you’ve used up that allotted discovery time, be specific and detailed about your next steps.

 

Create a framework for discovery

Rather than randomly looking for things, build a framework that will help you plan and organize. For example, “think, feel, do” is a  common framework. As you seek out information, look for data that helps you understand what people 1) think, 2) feel, and 3) do. Other frameworks might specify “buyers, brands, and businesses,” or “finances, logistics, and transactions,” or “design, field, analyze, report.” Focus on addressing the research problem from multiple angles – time frame, geography, target audience, metrics, and products. Whatever framework you build for yourself, it will help ensure that you cover all aspects of the business problem.

 

Seek a range of sources and data types

Look for government data, association data, academic data, newspaper data, and think tank data. Find qualitative and quantitative data, business and personal data, user and non-user data, customer and consumer data. Figure out all the types of places where your data could be and make sure it all gets a chance to be represented.

 

Don’t dismiss old data

Sales numbers, technology, and business processes might change quickly but human behavior changes soooo veeeeery slooooooowly. It’s often reasonable to skip over the technology part of older research – we don’t care about floppy disks, cathode ray tubes, and dot-matrix printers anymore. However, make sure to pay close attention to the human side of things. If people didn’t like something five years, their perceptions and emotions behind those dislikes could very well still be valid.

 

Seek out contradictions

It’s easy to find a set of data that offers conclusions you like and continue on the same path. But, that could lead you down one single path when there are actually multiple paths, all with enlightening and valid outcomes. That’s not to say you should entertain bad, wrong, or unethical ideas just because they are other ideas. Make sure you consciously seek out other ideas and actively reject them for good reasons rather than rejecting them because you didn’t know they existed.

 

Expect and confront bias

Try to identify potential sources of bias– age, gender, ethnicity, disability, sexuality, language, country, political, societal. You might not realize the bias there unless you specifically look for it. Once you’ve found it, then you can decide what to do about it. We’ve learned so much about bias in the last few years. This is your opportunity to stretch your new muscles.

 

Validate everything

Just because something is on the internet doesn’t mean it is good, right, or true. Heck, computers at the library are free to use, WordPress hands out blogs sites for free, and anyone can instantly create “The Authoritative Guide to Three Hour Questionnaires.” Unless that website was endorsed by ESOMAR, the Insights Association, and the Canadian Research Insights Council, I wouldn’t give it a nanosecond of my time.

 

Consider the Source: Who collected the data? Are they reputable? Do respected experts reference them? Do they treat those who disagree with them with respect? Do they point out the drawbacks, faults, and biases of their own research? Who complains about them in social media? Further, just because some data is created for the purposes of selling it for profit to multiple third parties doesn’t mean it’s biased… but it doesn’t inherently mean it’s trustworthy either.

 

Consider the Data: When was it collected? When was it published? How was the data checked for quality? What data might be missing or incomplete? Are key words specifically defined and not left to the imagination? Are the sample sizes appropriate to draw conclusions from? Is the sample reflective of the population it’s supposed to represent?

 

Include everything

When you’ve completed your thorough analysis, incorporate all of the data that led you to your final set of conclusions. This means including valid and trustworthy information that you agree with as well as valid and trustworthy data you disagree with. Share the entire set of information so that other people can come to their own conclusions too. If you’ve laid out your argument well, they should come to similar conclusions as you did.

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What’s Next?

If you’ve got a simple secondary research project ahead of you, enjoy the process and leverage the time and money that someone else put into the research you’re benefiting from.

But, if you’ve got a complex and lengthy project ahead of you, our experienced desk researchers would be happy to help. Email your project specifications to our research experts using Bids at E2Eresearch dot com and we’ll lighten your load.

 

 

Learn from our case studies

 

Learn from our other blog posts

30 Questions Medical, Pharmaceutical, and Healthcare Market Researchers Need to Answer to Help Support a Successful Business
By E2E Research | April 30, 2021

Market research is the foundation of any successful business. Within the healthcare industry, it helps us to better understand perceived strengths and weaknesses of medical devices and pharmaceuticals, gain a better understanding of key stakeholder wants and needs, gain a better understanding of the industry and competitive market space, gain a better understanding of advertising campaigns and promotions, and create fair and profitable pricing strategies. Let’s address each of these areas individually.

 

(Of course, feel free to skip to the end for a list of healthcare/pharma conferences and podcasts!)

 

 

Better Understand the Product Strengths and Weaknesses

At the heart of a successful business is a carefully researched and designed product or service that meets the key needs of its target audience. By conducting well designed surveys and product/sensory tests via IHUTs or Central Location Tests, you can understand:

 

  • What needs does your product meet and what unmet needs need additional development?
  • What features of the product are unique within the broader, competitive category and can serve as your unique selling points?
  • How is the product correctly and incorrectly used suggesting needs for training or redesign?
  • How is your product used in unanticipated ways such that new needs or audiences could be addressed?
  • Does the memorability of your product require improvements in terms of its features, branding, colors, or logos?
  • Should certain product lines be expanded or reduced based on growing or decreasing market needs?

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    Review a product case study:

 

 

Better Understand the People: Patients, Caregivers, Physicians, Healthcare Workers, Payers

While a quality product or service is being build, it’s important to understand the perceptions of all key stakeholders. From users to buyers and those who will be recommending the product, it’s imperative that each group understand the strengths and weaknesses of the product in order to ensure maximum success. Using questionnaires, business intelligence, and secondary research, there are a number of key questions you will need to understand about your key stakeholders:

 

  • Who is your target audience in terms of their demographic, psychographic, family, social, economic, and health characteristics?
  • How does the patient journey evolve from the onset of symptoms through to diagnosis, treatment, management, and recovery while understanding medical, emotional, financial, and social needs and situations?
  • What personal experiences do patients have within the category including adverse events from your brand and competitive brands?
  • Which stakeholders come into contact with your treatments, medical devices, or healthcare facilities e.g., buyers, administrators, payers, technicians, clinicians, patients, families?
  • What does each stakeholder group need, want, feel, and prefer?
  • What drives each key stakeholder group to choose, use, buy, and recommend your brand vs competitive brands, e.g., clinicians, patients, payers, buyers, sellers
  • Which stakeholders will influence your target audience to consider using or buying treatments, medical devices, or facilities?

    Review a stakeholder case study

 

 

Better Understand the Placement, Industry, and Competitive Market Space

Every product or service exists within a broad ecosystem of competitive brands and companies. By conducting questionnaires or secondary desk research, you can understand a wide range of business problems such as:

 

  • Who are your primary and secondary competitors locally, globally, and virtually?
  • What product, physical, emotional, social, and economic needs is the market needs failing to address?
  • How has the competitive landscape changed over the last year and how might it forecast into the next 3 to 5 years within your country and potential expansion countries?
  • Where are the white spaces to develop new products, extend services, or open new locations?
  • Can secondary data help us understand how large our existing market is and how large it could be while remaining profitable?

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   Review a market case study

 

 

 

Better Understand Promotions, Advertising, and Campaigns

With a great product or service built and the target audience well understood, a marketing campaign is normally required to reach out to the target audience and introduce them to your offering. Using questionnaires or data analytics, a number of key questions can be answered:

 

  • Which online and offline information channels do your users and buyers use to learn about new products, gather recommendations, or make purchases?
  • What types of messaging would be most successful at reaching your target audience and differentiating your brand from competitors?
  • What types of ads would be most effective with each of your audience segments when considering likability, meaningfulness, believability and the likelihood to act?
  • What types of healthcare marketing campaigns are more likely to be successful?
  • What types of brands, companies, or influencers would your users and buyers like to be incorporated in an integrated marketing campaign?
  • Which concepts are most memorable and would generate the most action from your target audience?

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   Review an advertising case study:

 

 

Create A Fair and Profitable Pricing Strategy

There is more to pricing than picking a number that will generate profit. A price that is too high can reduce physician recommendations and insurance coverage. A price that is too low leaves achievable profit on the table. A final price can only be determined by understanding your true profit margin, market pricing, and stakeholder needs. To build the most effective pricing strategy for your medical device, pharmaceutical product, or service, conduct the appropriate surveys, interviews, and secondary research first.

 

  • Based on secondary research, how are competitive products on the market currently priced?
  • Using questionnaire data, what type of pricing strategy is most appealing to healthcare administrators and payers?
  • What type of pricing strategy would facilitate product recommendations from clinicians and physicians?
  • Which user segment has the least and the greatest revenue potential?
  • Based on a Conjoint or MaxDiff questionnaire, which product features drive higher and lower prices?
  • Which set of product features would drive the most profit?
  • What type of pricing strategy is fair for and accessible versus out of reach to patients?

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   Review a pricing case study

 

 

 

Conclusion

Building a successful medical, pharmaceutical, or healthcare product or service requires a foundation of well designed and executed research coupled with well analyzed and actioned results. Whether you’re tasked with supporting the growth of an innovative new brand or helping a company understand their buyers and their business, our team has more than ten years of experience helping researchers, marketers, and brand managers generate great quality healthcare data and insights for the questions outlined above. Please feel free to email your project specifications to our research experts using Projects at E2Eresearch dot com. We’d love to help!

 

 

Learn at upcoming healthcare industry conferences

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Listen to some great podcasts about healthcare marketing

 

 

Mapping a Patient Funnel to Mitigate Cancer Treatment Barriers | A Cancer Patient Case Study
By E2E Research | April 19, 2021

Research Objective

  • The healthcare client needed to map the patient journey from symptom to diagnosis, treatment, and recovery in order to create patient segments that could be used to leverage market opportunities that drive and influence treatment decisions.
  • They needed to identify factors influencing brand association and satisfaction, promoting brand prescribing, and brand switching

 

Scope & Methodology

  • Data points included
    • Treatments received by newly diagnosed stage III patients
    • Key unmet needs for unresectable cancer patients who have completed CRT
    • Key patient and administrative reasons unresectable patients have not completed Concurrent & Sequential CRT treatment

 

Value Delivered

  • The client was able to identify the most likely patient segments who would benefit from a treatment.
  • Emotional and physical barriers leading to unmet needs were identified and redirected to leverage new opportunities for prescribing practices.

 

 

Check out other healthcare case studies

Understanding Patient Preferences to Inform Differentiation Strategy | A Medical Device Survey Case Study
By E2E Research | April 14, 2021

Research Objective

  • A medical device client needed to understand the market and consumer preferences for different medical treatments to inform and customize product messaging and product differentiation.
  • They also needed to understand unmet needs and barriers hindering treatment choices.

 

Scope & Methodology

A survey was designed to measure a number of key metrics including:

  • Market leaders in medical device technologies
  • Brand switching patterns
  • Changes in restriction levels
  • Change in usage of two treatments as a result of new device guidelines

The data showed patients had clear preferences for specific brands of medical devices. In addition, patients differentiated the brands based on their perceptions of clinical performance, training programs, range of treatment options, and how much the brands invested in clinical trials.

 

Value Delivered

  • As a result of the research, the client gained a better understanding of their market position relative to their competitors, and was able to gauge market shifts in the treatments used by patients. They also were able to better understand drivers of switching and the key decision makers involved in those switches.
  • The client was better able to differentiate their product and create more impactful messaging to help their patients.

 

 

Check out other patient case studies

Increasing Customer Acceptance For Controversial Pet Food Format | A Survey Case Study
By E2E Research | April 2, 2021

Research Objective

  • A pet food brand offering a controversial new product format needed to understand purchase behaviors for current brands, and barriers to acceptance for a pet food using insects as a source of protein.

 

Scope & Methodology

A survey was designed to understand current purchase behaviors and market gaps for fresh and premium pet food products. The survey also focused on understanding awareness, barriers, and purchase intent for pet foods based on insects.

The data showed that:

  • 1% currently use pet food with insect protein
  • 66% were unaware of pet food with insect protein
  • 60% were willing to try pet food with insect protein

 

Value Delivered

Despite the lack of awareness and lack of use of insect based pet foods, consumers demonstrated that they had a strong willingness to try the product, particularly because of its reduced impact on the environment. The research helped the client understand which message associated with their brand – sustainability –  would be most effective at reaching their targeted consumers.

 

 

Check out other related case studies

Removing Customer Barriers to Auto Insurance Renewals | A Survey Case Study
By E2E Research | April 2, 2021

Research Objective

  • An automotive insurance company wished to increase growth and retention among various customer segments. To do this, they needed to understand and size unmet needs and barriers to sign-up and renewal.
  • They also wished to understand which products and features required re-evaluation or discontinuation.

 

Scope & Methodology

A survey was designed to identify:

  • Problems with automotive monitoring and privacy apps and technologies currently being used as well as any associated solutions
  • Current behaviors related to customer satisfaction, and reviewing and changing insurance providers
  • Potential impacts of resolving barriers

Among other metrics, the survey identified the types of information people are currently sharing via their usage-based-insurance (UBI) program, as well as various reasons they have for switching providers. The data showed that people shared a wide range of data but they were still seeking a greater degree of trust and better customer service experiences.

 

 

Value Delivered

  • The client was able to understand renewal barriers among their customers and make necessary adjustments in their existing automotive insurance offerings.
  • The client was also able to identify and understand unique needs of various user segments to permit more targeted marketing and needs based offerings.

 

 

Check out other BFSI case studies