1 Writing Good Market Research Objectives Before choosing which market research technique to use, it is important to develop clear market research objectives. Good market research objectives are focused and specific. They include: • An action verb – what you want to do • A type of finding – what you’ll know once you’ve done it Sample Verbs Sample Findings Identify Problems, opportunities, criteria Define Concepts, requirements Describe Processes, usage, environments Explore Perceptions, reactions Generate Ideas, hypotheses, alternatives, explanations Evaluate Feasibility, attractiveness, support Select Theme, service, product, concept, ad Test Assumptions, preferences Measure Size, growth, frequency Prioritize Market segments, needs, opportunities Monitor Trends, competition Track Awareness, satisfaction Market Research Techniques for Libraries Spring 2005 - This material has been created by Joan Frye Williams for the Infopeople Project [infopeople.org], supported by the U.S. Institute of Museum and Library Services under the provisions of the Library Services and Technology Act, administered in California by the State Librarian. Any use of this material should credit the author and funding source. 2 Good Sample Objectives Identify areas of satisfaction and dissatisfaction with children’s programming. Define customer requirements for large-format printing capability. Explore reactions to proposed discontinuation of government document depository status. Evaluate support for in-library food service. Select a theme for this year’s fundraising program. Test user and non-user preferences for Web-based audio download services. Monitor trends in customer replacement of automobile tape and CD players with MP-3. Track customer awareness of online holds service. The same topic may need to be broken down into a number of market research objectives, each to be investigated separately. For example: 1. Identify areas of satisfaction and dissatisfaction with children’s programming. 2. Prioritize areas of dissatisfaction with current children’s programming. 3. Evaluate support for new children’s program reservations policy. Market Research Techniques for Libraries Spring 2005 - This material has been created by Joan Frye Williams for the Infopeople Project [infopeople.org], supported by the U.S. Institute of Museum and Library Services under the provisions of the Library Services and Technology Act, administered in California by the State Librarian. Any use of this material should credit the author and funding source.