Marketing Research Consulting
NexGen is a completely research-driven marketing consulting company.
That means we do A LOT of marketing of qualitative and quantitative
marketing research, which involves
- Market segmentation and targeting research
- Positioning research
- Product/service concept development
- Copy testing
- Media plan optimization
- Simulated test marketing
- Customer satisfaction/customer loyalty research
We pride ourselves on the innovative techniques and tools, we can bring
to your marketing research consulting assignment. Our professionals are
well-versed in traditional methods, a variety of state-of-the-science
analytical techniques, as well as newer techniques such as ethnography,
positioning simulation, and Six Sigma marketing plan forecasting.
Whether youre a research director who believes in getting
technical, or a brand manager or marketing VP with limited familiarity
with marketing research techniques, you can rest assured. We are ready to go
deep into the statistical merits of different data collection techniques or
the sophisticated underpinnings of our models or stay free of technical and
marketing research jargon and explain the process to you in plain English.
Five Ways You Can Tell If Market Research Is Any Good
Just as senior managers need not be accountants in order to understand the
principles of profit-and-loss statement, balance sheet, and cash-flow
budget, neither do they need to be statisticians to understand the
fact-based market research. You can develop a comprehensive understanding of
the secondary market research. The principles for any valid, replicable, projectable
market research study are more or less same.
1.Survey a population that represents the total universe as defined by the
company. Whether your market is women who might be interested in a new
health club, food-store decision makers responsible for shopping carts, or
homemakers who buy ground coffee, ensure that your sample represents the
population. For example, an internet survey that is not weighted to control
for bias is not representative of any population other than people willing
to participate in internet surveys. It understates the proportion of the
market who are not connected (i.e., minorities) and people who have neither
the time nor the interest in cooperating with survey researchers (i.e., busy
executives, hassled moms, professionals in general). In such cases, you must
take care to recruit these under represented groups into the study and to
weight different types of buyers into their correct proportions in the
population.
2.Sample enough people within this universe so that their responses are
reasonably stable. Interview 500, for example, and any percentage that you
get is stable plus or minus about 5 percent. Interview only 50 people, and
the wobble in your data increases to a point at which it is relatively
unusable. This is particularly important when you are looking to break down
your total sample into subgroups such as users versus nonusers, men versus
women, high income versus low income, and the like.
3.Test the questionnaire to ensure that respondents understand what is
being asked and are not being prompted to answer one way or another. This is
called pretesting and is something that is becoming more and more rare in secondary
marketing research studies.
4.Conduct experiments within your survey wherever it makes sense. Expose
half the sample to one new product concept, the other half to another. Show
respondents three different price levels. Expose people to four different
positioning.
5.Analyze the responses in a way that makes logical sense. Don't confuse
correlation with causation; just because one thing is related to another
does not mean that the first caused the second.
Highlights
NexGen has successfully conducted over 1000 market research projects
covering spectrum of products & services in last 4 years with around 150
clients across the globe. It operates throughout the India with a
professional group always ready to serve the clients.
- More than 50000 with consumers / household interviews in a year
- More than 50000 interviews in retail sectors in a year
- More than 30000 corporate interviews in offices in a year
- More than 2000 In Depth Interviews in a year
- More than 100 FGDs/CLTs in a year
- More than 100000 product placements
Top ranking Indian and International firms have repeatedly utilized
NexGens expertise to hone their business strategies and operational
plans. NexGen undertakes an independent evaluation of markets to fine-tune
existing marketing strategies or develop new strategies. Having identified
the market potential and the opportunity, the professional team from NexGen
assists the clients in formulating and structuring business plans with a
view to successfully implement fresh ideas.
NexGen sets out best practices to ensure your execution is creative, cost
effective, and efficient. This could pertain to any specific functional area
like sales, marketing, distribution, pricing, servicing or could address all
areas of a companys operation in the market place.
NexGen Consulting Services
NexGen Consulting can address varying business needs such as tracking,
company information, industry outlook across countries, tracking customers
and media / blog reports. The greatest challenge in the field is to measure
customer disposition which could be dependent on issues of
satisfaction, loyalty, advocacy and perceived value for money.
The scope of consulting services include the following
- Opportunity assessment
- Market size estimation
- Competitive analysis
- Next practices
- Location analysis
- Business Plan creation
- Product usage mapping
- New concept acceptance
NexGen is known for providing actionable outcomes based on customer
responses, which lead to positive orientation on the disposition continuum.
The domain knowledge built across diverse sectors enable NexGen to bring a
fresh perspective, which goes behind the numbers and the stated
responses. It views the entire customer disposition exercise as a strategic
tool for increasing enhancing performance. The services are planned
carefully after analyzing the business requirements and domain issue.
Similar exercises are undertaken for other stakeholders investors,
employees, channel partners and vendors.
- Critical expectations and fulfillment
- Brand promise
- Customer
- Value Index
- Core customer constituency
- Benchmarking Client actionability framework
NexGen can help you find reliable market data and
information to support your business planning and forecasting. (Purchase the
data) NexGen is marketplace for Buying and Selling Data. Our various sources
which are subscribed/direct, enables our data collection centre to generate
highly accurate databases. Businesses can develop faster with readily
available Data of target audience. You can Demand Data if not available
readily
(Buy Data)
We have world wide ready data available which is kept updated on regular
basis. All data is segregated geographically, industry wise and work segment
wise
(Demand Data)
Though we have variety of data readily available for Sell, you may want
data of specific location, industry OR segment. You can demand data and if
we feel that we can collect, we shall revert back to you with timeline and
no. of records availability.
(Sell Your Data)
If you feel you have data which is useful for others and can be sold, you
can send us details with sample data to evaluate