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| Product Surveys |
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Product surveys are conducted by companies seeking valuable customer feedback so that they may improve their offerings and ultimately make more money. Most companies, however, do not conduct the studies themselves. Finding and qualifying participants, handing out and collecting materials, and organizing focus groups are not the types of things companies want to focus on. It's much easier for them to hire a third party to do all this minutiae for them.
Opinion surveys etc.
Customer Satisfaction Surveys
Consumer surveys tell marketers about consumer satisfaction with products. Lotus Media Satisfaction helps in predicting consumer behavior, assess customers' opinions, and determine how well a product will do in the |
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| marketplace. While there are entire organizations devoted to nothing but market research, individual companies can do their own market research as well. |
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| Results of Consumer Surveys |
Usually, long reports come back to the company that requested the information. They can be very detailed and provide conglomerated answers as well as individual responses to questions. A simpler alternative, in a short survey, would be a graphical representation of the data. It is easier to understand this way and to quickly grasp the information.
Companies conduct consumer surveys for a lot of different reasons, but one thing remains the same: the data is worthless unless you use it. Some companies analyze their data and don't like the answers, so they never do anything about it. Others, who truly value customer opinions, use the data to make changes that will be well-received among customers.
If the answers show that the company is doing something correctly, the company can continue its practices. Consumer surveys provide wonderful insight as to consumer opinion. One thing they can't do is provide qualitative data. For more in-depth answers, you would need to conduct a focus group or conduct personal interviews with customers. |
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| Sampling in Consumer Surveys |
In order for consumer surveys to be truly accurate, the samples of people asked must be large enough and random enough. For example, a readership survey is not truly random, since you have to be a reader of a magazine to participate in its survey. However, such a survey would be accurate enough to gauge the opinions of a closed group of readers. So the accuracy of the information is relative to the reason you need it.
Even if certain information is not representative of the whole population, it might be valuable to you. For example, unsatisfied customers might leave and never complain. The few who do complain can provide valuable insight as to why most customers are unhappy with your service.
Still, you should not spend thousands of dollars to improve a product based on a few complaints. Yet, if thousands of customers return your product, it is cause for concern. Also, the questions you ask can make a big difference. General attitude questions do not predict behavior, but answers about how people intend to act can predict behavior well. |
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