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Hub You - Who Needs Market Research?
Sustainability and PackagingSustainability is a term used across a large number of industries. At the core, one can think of sustainability as the measurable concept of doing business without depleting resources or harming the community. Nowhere is sustainability more applicable than in the packaging industry. Containers and packaging that are cost effective and environmentally sound are critical to ou gs? Customers might not be buying your product because they like it, but instead they might tolerate it simply because it provides some benefit to a need that hasn’t been addressed well by anyone’s product yetMaybe you’re not advertising in the right places, or the language that is used in your advertising leaves you Killer Techniques to Get a Job in the Film Industry!Getting a job in the film industry can be very challenging. It is not like other industries, which are based upon how well your resume is written or how well you interview. Industry jobs are very lucrative and highly sought after. This is in part because they can be very rewarding experiences presenting the opportunity for travel, glamour and fame. Although not advertised, mo Market research can be expensive, and it takes a fair amount of time and thought to do well, so why do it? The short answer is that management wants to make informed decisions and to ensure that they’re keeping their finger on the pulse of the guy who employs them – the customer.When pondering market research, generally companies are considering a decision that involves a significant investment, or that has a large potential for risk if they were to make the wrong decision. In some cases they’re trying make a million dollars on a new product, and in other cases they’re simply trying to hedge their bets to make sure that they protect what they already have. Knowledge is Power! Market research is all about increasing your understanding of the market, of the customers’ motivations or their frustrations that may not have even reached the surface yet, but are a on a slow boil that could upset the applecart. Knowing something more than your competitor can be the difference between success and failure, and in many cases the customers are the ones that know best. - Maybe your customers are especially pleased with your service offerings, and you could actually be selling your services for a significant price-premium over the competitor offerings?
- Customers might not be buying your product because they like it, but instead they might tolerate it simply because it provides some benefit to a need that hasn’t been addressed well by anyone’s product yet
- Maybe you’re not advertising in the right places, or the language that is used in your advertising leaves you
7 Steps to a Brochure That SellsA brochure can be an effective way to sell your product or service. So it’s important to take the time to maximize the impact of your brochure to catch the eye of potential customers. If you follow these 7 steps, you are on your way to a winning brochure.1. Keep it Simple
Do not be tempted to created an overly complicated cover…simplicity is the generally companies are considering a decision that involves a significant investment, or that has a large potential for risk if they were to make the wrong decision. In some cases they’re trying make a million dollars on a new product, and in other cases they’re simply trying to hedge their bets to make sure that they protect what they already have.Knowledge is Power! Market research is all about increasing your understanding of the market, of the customers’ motivations or their frustrations that may not have even reached the surface yet, but are a on a slow boil that could upset the applecart. Knowing something more than your competitor can be the difference between success and failure, and in many cases the customers are the ones that know best. - Maybe your customers are especially pleased with your service offerings, and you could actually be selling your services for a significant price-premium over the competitor offerings?
- Customers might not be buying your product because they like it, but instead they might tolerate it simply because it provides some benefit to a need that hasn’t been addressed well by anyone’s product yet
- Maybe you’re not advertising in the right places, or the language that is used in your advertising leaves you
Financing Your Business with Purchase Order FundingRunning an import / export company can be very rewarding and profitable. The US market for Asian imports has been growing at a dizzying speed, allowing many companies to reap the benefits. However, with growth, comes the concern about how to finance it.The challenge is simple. Most importers must pay their own suppliers immediately when placing an order. However, they a they already have.Knowledge is Power! Market research is all about increasing your understanding of the market, of the customers’ motivations or their frustrations that may not have even reached the surface yet, but are a on a slow boil that could upset the applecart. Knowing something more than your competitor can be the difference between success and failure, and in many cases the customers are the ones that know best. - Maybe your customers are especially pleased with your service offerings, and you could actually be selling your services for a significant price-premium over the competitor offerings?
- Customers might not be buying your product because they like it, but instead they might tolerate it simply because it provides some benefit to a need that hasn’t been addressed well by anyone’s product yet
- Maybe you’re not advertising in the right places, or the language that is used in your advertising leaves you
Ten Ways to Get Unstuck from 3-D DoldrumsAre you in your third decade and disillusioned, disappointed and disheartened at your career? Are you still in your “college” job that was supposed to be temporary? Do you use a credit card like a drug to make yourself feel better and then discover you cannot quit your dead-end job because you are in debt? After arriving into your twenties somewhat battered, filled with stale petitor can be the difference between success and failure, and in many cases the customers are the ones that know best.- Maybe your customers are especially pleased with your service offerings, and you could actually be selling your services for a significant price-premium over the competitor offerings?
- Customers might not be buying your product because they like it, but instead they might tolerate it simply because it provides some benefit to a need that hasn’t been addressed well by anyone’s product yet
- Maybe you’re not advertising in the right places, or the language that is used in your advertising leaves you
Estimating CostsHow much financing do you need for your company? What is the repayment period that you intend to work with? These questions need to be answered in order to determine the amount of financing to be obtained. In order to do this, you will need to know the costs incurred and the estimated revenue as well as your cash flow circumstances at least for the first few months of operatio gs? - Customers might not be buying your product because they like it, but instead they might tolerate it simply because it provides some benefit to a need that hasn’t been addressed well by anyone’s product yet
- Maybe you’re not advertising in the right places, or the language that is used in your advertising leaves your customer more confused than motivated to purchase. Maybe some slight changes could yield great benefits for your company?
- Maybe that product idea that your company has been kicking around for months is actually something that holds great potential, but your group is deadlocked over whether it should be pursued or not. Some customer feedback could help to break that tie.
Market research is simply a more systematic approach to gathering customer feedback and ensuring that the feedback is as independent and unbiased as possible. In addition to the actual research findings, another common benefit is that research tends to focus the team on the needs and expectations of the customers. This is particularly beneficial because many people tend to believe that they are representative of a typical customer. The reality is that anyone employed in an industry tends to be much more knowledgeable, interested and sensitized to the topic than is a typical customer. Conducting market research seems to remind employees that everything that they do should be in service of that ‘typical customer’. When it comes to understanding what a typical customer values and why they value it, market research can be a great tool and is probably worth consideration as you ponder tha
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