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10 strategies and tactics for Market Research

What is a Market Research strategy?

Every great achievement starts with a well-thought-out plan. It can be the launch of a new product, expanding into new markets, or just trying to increase efficiency. You'll need a delicate combination of strategies and tactics to ensure that the journey is smooth and effective.

Crafting the perfect Market Research strategy can feel overwhelming, particularly when you're juggling daily responsibilities. That's why we've put together a collection of examples to spark your inspiration.

Transfer these examples to your app of choice, or opt for Tability to help keep you on track.

Building your own Market Research strategy with AI

While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own strategies.

Market Research strategy examples

We've added many examples of Market Research tactics, including a series of action items. We hope that this will make these examples as practical and useful as possible.

Strategies and tactics for launching a new business direction - obtaining biotechnology products from plant raw materials

  • ⛳️ Strategy 1: Conduct market research and analysis

    • Identify key market players and potential competitors
    • Analyse market demand and growth potential for biotechnology products from plant materials
    • Determine target customer segments and their specific needs
    • Conduct SWOT analysis to assess strengths, weaknesses, opportunities, and threats
    • Research regulatory requirements and industry standards
    • Assess technological advancements and innovations in the field
    • Evaluate current pricing strategies within the industry
    • Identify potential risks and develop mitigation plans
    • Stay updated on industry trends and future projections
    • Compile a comprehensive market research report

  • ⛳️ Strategy 2: Develop a robust business plan

    • Define your business vision, mission, and objectives
    • Outline the organisational structure and key roles
    • Develop a detailed financial plan with budget forecasts
    • Create a marketing and sales strategy
    • Detail the production process and required resources
    • Identify key performance indicators (KPIs) to measure success
    • Establish timelines and milestones for each business phase
    • Draft an investment proposal to attract potential investors
    • Plan for potential challenges and develop contingency strategies
    • Refine the business plan based on feedback from stakeholders

  • ⛳️ Strategy 3: Build and promote the brand

    • Create a unique brand identity and logo
    • Develop a professional website and online presence
    • Utilise social media platforms to engage with target audience
    • Implement search engine optimisation (SEO) strategies
    • Develop content marketing materials such as blogs and videos
    • Engage in partnerships and collaborations with industry influencers
    • Attend industry conferences and networking events
    • Offer product samples or trials to potential customers
    • Gather and publish customer testimonials and case studies
    • Monitor and analyse marketing campaign performance
biotechnologymarket-researchbusiness-analystmarketing-managermarketing-teamresearch-and-development-team
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Strategies and tactics for understanding the business model, barriers, and client targets in line with the economy of functionality and cooperation

  • ⛳️ Strategy 1: Conduct comprehensive market research

    • Identify existing market trends and demands within the economy of functionality and cooperation
    • Analyse competing businesses that leverage similar economic models
    • Survey clients to understand their needs and preferences related to functionality and cooperation
    • Examine internal data to identify current strengths and weaknesses
    • Assess external opportunities and threats in the market
    • Compile data into an actionable insights report
    • Review the insights report with key stakeholders
    • Develop hypotheses on potential strategic adjustments
    • Test these hypotheses through limited pilot programmes
    • Adjust the strategy based on pilot feedback

  • ⛳️ Strategy 2: Redefine the business model

    • Evaluate the current business model for alignment with functionality and cooperation principles
    • Identify areas within the current model that need enhancement
    • Engage with economists specialising in functional economies for insights
    • Brainstorm innovative revenue streams and value propositions
    • Map out a new business model framework
    • Discuss the new framework with senior management and key stakeholders
    • Secure buy-in and support for changes from all levels of the organisation
    • Develop an implementation roadmap with timelines and key performance indicators
    • Conduct staff training sessions on the new business model
    • Monitor and adjust the model based on real-time feedback and results

  • ⛳️ Strategy 3: Target and engage a new client base

    • Define ideal client profiles based on functional economy principles
    • Create targeted marketing campaigns focused on cooperation and value delivery
    • Leverage partnerships with organisations sharing similar values
    • Utilise social media and digital platforms to reach a broader audience
    • Host webinars and live events to educate potential clients
    • Offer introductory pricing or trial periods to entice new customers
    • Collect feedback from new clients to understand their pain points
    • Adjust marketing and service offerings based on feedback
    • Measure success through client acquisition and retention metrics
    • Refine client targeting continuously based on market and feedback analysis
market-researchclient-engagementeconomistmarketing-strategistmarketing-teamresearch-and-development-team
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Strategies and tactics for improving product positioning

  • ⛳️ Strategy 1: Conduct market research

    • Identify key market segments and target audiences
    • Analyse competitors' product positioning strategies
    • Conduct surveys and focus groups to understand customer perceptions
    • Utilise online tools to gather market data and customer feedback
    • Evaluate current positioning and identify gaps
    • Determine customer pain points and needs
    • Create customer personas based on research findings
    • Assess trends and changes in the industry
    • Identify key features and benefits that resonate with customers
    • Summarise findings into actionable insights

  • ⛳️ Strategy 2: Revise brand messaging

    • Develop a clear value proposition
    • Craft messaging that highlights unique selling points
    • Create a consistent brand voice and tone
    • Align messaging with customer pain points and needs
    • Test messaging with target audiences through A/B testing
    • Revise marketing materials and website content
    • Ensure alignment of sales and marketing teams
    • Update social media profiles with revised messaging
    • Develop storytelling elements that resonate with customers
    • Train the team on the updated messaging

  • ⛳️ Strategy 3: Leverage marketing channels

    • Identify the most effective channels for reaching target audiences
    • Develop a content marketing strategy
    • Utilise social media platforms to build brand awareness
    • Collaborate with influencers relevant to your market
    • Create targeted advertising campaigns
    • Implement email marketing strategies
    • Host webinars and workshops relevant to your product
    • Engage in public relations efforts to gain media coverage
    • Utilise SEO techniques to improve search engine rankings
    • Measure and analyse the performance of each marketing channel
market-researchbrand-messagingmarketing-strategistproduct-managerresearch-teammarketing-team
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Strategies and tactics for implementing the Goldilocks Bouquet Strategy

  • ⛳️ Strategy 1: Research and analyse the market

    • Conduct a market survey to understand customer preferences
    • Analyse competitor offerings and pricing strategies
    • Identify gaps in the market and potential areas for differentiation
    • Evaluate seasonal trends and their impact on bouquet sales
    • Assess the spending habits of target customer segments
    • Gather feedback from existing customers on bouquet preferences
    • Study the success stories of similar bouquet strategies in other markets
    • Identify preferred floral varieties and colours based on market demand
    • Determine the average price point for mid-range bouquets
    • Compile and present a comprehensive market analysis report

  • ⛳️ Strategy 2: Develop a diverse bouquet product range

    • Design three tiers of bouquet offerings: basic, mid-range, and premium
    • Select a variety of flowers for each tier based on market research
    • Determine appropriate pricing for each bouquet tier
    • Create unique selling propositions for each bouquet tier
    • Ensure consistent quality across all bouquet tiers
    • Develop a seasonal bouquet line to cater to specific occasions
    • Collaborate with suppliers to ensure a steady supply of fresh flowers
    • Create an attractive and consistent packaging for all bouquets
    • Implement sustainable and eco-friendly practices in bouquet production
    • Regularly review and update bouquet offerings based on customer feedback and market trends

  • ⛳️ Strategy 3: Implement effective marketing and sales strategies

    • Develop a comprehensive marketing plan for the bouquet collections
    • Create engaging content to showcase bouquet offerings on social media
    • Launch targeted advertising campaigns to reach potential customers
    • Collaborate with influencers to increase brand visibility
    • Offer special promotions and discounts to attract initial customers
    • Build an easy-to-navigate e-commerce platform for bouquet purchases
    • Train sales staff to effectively communicate the value of each bouquet tier
    • Provide excellent customer service and follow-up for a positive experience
    • Gather and analyse customer feedback to refine marketing strategies
    • Track sales performance and adjust marketing efforts accordingly
market-researchbouquet-tiersmarket-analystmarketing-specialistresearch-and-developmentsales-and-marketing
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Strategies and tactics for delivering innovative flame-resistant apparel and honouring fallen firefighters

  • ⛳️ Strategy 1: Enhance apparel product development

    • Conduct market research to identify the latest trends and needs in flame-resistant materials
    • Collaborate with industry experts and firefighters to gain insights on essential features
    • Invest in advanced technologies to improve the reliability and comfort of apparel
    • Establish a dedicated R&D team to focus on innovation in flame-resistant clothing
    • Create a feedback loop with existing customers to gather user input and improve products
    • Perform rigorous testing to ensure compliance with safety standards and regulations
    • Source high-quality materials from reputable suppliers
    • Develop prototypes and sample products for trial use by firefighters
    • Track and analyse competitor products to benchmark and improve quality
    • Implement a continuous improvement process based on user feedback and test results

  • ⛳️ Strategy 2: Expand market presence

    • Launch an extensive marketing campaign targeting firefighters and related organisations
    • Attend industry trade shows and events to showcase products and network
    • Form partnerships with fire departments and unions to promote apparel
    • Utilise social media platforms to build brand awareness and engage with the community
    • Offer promotional discounts to first-time buyers to encourage trials
    • Develop a user-friendly e-commerce platform to facilitate online purchases
    • Create informative content, such as blog posts and videos, to educate on product benefits
    • Implement a referral program to incentivise word-of-mouth promotion
    • Leverage online reviews and testimonials to build trust and credibility
    • Expand distribution channels by collaborating with retail partners

  • ⛳️ Strategy 3: Support the National Fallen Firefighters Foundation

    • Allocate 50% of profits to the National Fallen Firefighters Foundation regularly
    • Set up a transparent donation tracking mechanism on the company's website
    • Coordinate fundraising events to further support the foundation
    • Promote the donation initiative through all marketing channels to attract socially-conscious customers
    • Involve employees in volunteer opportunities and events organised by the foundation
    • Develop commemorative products with proceeds benefiting the foundation
    • Share impact stories and testimonials from the foundation on social platforms
    • Collaborate with the foundation's representatives to create joint awareness campaigns
    • Highlight donation milestones and the impact of contributions in company communications
    • Introduce a matching gift program to encourage additional donations from customers and employees
flame-resistantfirefightingproduct-developermarketing-managerresearch-and-developmentmarketing-and-sales
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Strategies and tactics for delivering the best services

  • ⛳️ Strategy 1: Enhance service quality

    • Conduct regular training sessions for staff to ensure top-notch skills
    • Implement a feedback system to continually improve services
    • Set measurable performance standards and regularly review them
    • Invest in state-of-the-art equipment and technology
    • Establish a quality control team to monitor service delivery
    • Create partnerships with top experts to bring in specialised knowledge
    • Develop a mentorship programme to foster skill growth among employees
    • Utilise data analytics to identify areas for service improvements
    • Ensure clear and effective communication channels within the team
    • Regularly update service protocols based on latest industry standards

  • ⛳️ Strategy 2: Expand service locations

    • Identify areas with high demand for your services
    • Conduct market research to understand community needs
    • Develop a strategic plan for opening new service locations
    • Negotiate partnerships with local organisations and businesses
    • Ensure new locations are equipped with the necessary resources
    • Hire local talent to ensure community-oriented service delivery
    • Market new locations to raise awareness and attract clientele
    • Monitor the performance of new locations closely
    • Implement a seamless IT system for all locations
    • Engage with local leaders to build community trust and support

  • ⛳️ Strategy 3: Enhance staff excellence

    • Design a comprehensive onboarding programme for new hires
    • Offer continuous professional development opportunities
    • Recognise and reward outstanding employee performance
    • Foster a positive work environment with open communication
    • Survey staff regularly to gauge satisfaction and identify concerns
    • Encourage cross-department collaboration and teamwork
    • Provide wellness programmes to support staff health and wellbeing
    • Involve staff in decision-making processes to enhance ownership
    • Set clear career progression paths to motivate staff
    • Host team-building activities to strengthen relationships among employees
service-qualitystrategic-expansionquality-controllermarket-researchertraining-and-developmentmarket-expansion
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Strategies and tactics for hosting an international perfume event

  • ⛳️ Strategy 1: Highlight cultural fragrances

    • Research and identify popular fragrances from different cultures
    • Create informative materials to educate consumers on these cultural fragrances
    • Feature each culture's fragrance in a dedicated section at the event
    • Collaborate with influencers from various cultures to promote the event
    • Design event spaces to reflect the aesthetics of the featured cultures
    • Prepare fragrance samples from each culture to give away
    • Host live demonstrations on how these fragrances are traditionally used
    • Incorporate traditional music and performances to enhance the cultural theme
    • Develop social media content showcasing the featured cultural fragrances
    • Gather feedback from attendees on their favourite cultural fragrances

  • ⛳️ Strategy 2: Invoke emotions through storytelling

    • Create a central story that ties all the perfumes together
    • Develop visual elements like posters and videos that narrate the story
    • Design interactive stations where consumers can learn about the story behind each fragrance
    • Partner with storytellers or actors to bring the story to life during the event
    • Use social media platforms to share segments of the story leading up to the event
    • Offer themed merchandise that aligns with the story
    • Include the story in the event’s marketing materials and invitations
    • Create a digital booklet that attendees can download to read more about the story
    • Encourage consumers to share their own perfume-related stories on social media
    • Track engagement and gather consumer feedback on the story during and after the event

  • ⛳️ Strategy 3: Celebrate the senses

    • Develop a multisensory experience that includes sight, sound, taste, and touch alongside scent
    • Arrange for food and drinks that complement the fragrances
    • Use ambient music and lighting to set the mood for different fragrance zones
    • Create tactile displays that allow consumers to feel the ingredients used in the perfumes
    • Install visual displays that illustrate the creation process of perfumes
    • Organise scent workshops where attendees can create their own fragrances
    • Hire sensory experts to guide attendees through the multisensory experience
    • Produce video content that showcases the multisensory experience to share online
    • Provide attendees with a sensory kit to take home as a memento
    • Gather feedback to see how the multisensory aspects influenced the consumer’s experience
cultural-fragrancesstorytellingevent-plannermarketing-specialistmarketingcultural-research
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Strategies and tactics for creating a business strategy

  • ⛳️ Strategy 1: Market research and analysis

    • Identify target market and demographics
    • Analyse industry trends and market demand
    • Evaluate competitors' strengths and weaknesses
    • Conduct surveys and focus groups for customer insights
    • Perform a SWOT analysis
    • Identify potential market entry barriers
    • Analyse pricing strategies in the market
    • Research regulatory and compliance requirements
    • Assess socio-economic factors affecting the market
    • Compile the market research report

  • ⛳️ Strategy 2: Developing a marketing plan

    • Define unique selling proposition (USP)
    • Create brand positioning and messaging
    • Identify marketing channels and tactics
    • Set marketing goals and KPIs
    • Develop content marketing strategy
    • Plan social media marketing campaigns
    • Create an advertising plan and budget
    • Design promotional and sales materials
    • Execute public relations initiatives
    • Monitor and analyse marketing performance

  • ⛳️ Strategy 3: Financial planning

    • Create a detailed business budget
    • Forecast sales and revenue
    • Estimate startup and operating costs
    • Identify funding requirements and sources
    • Develop profit and loss projections
    • Create cash flow statements
    • Plan for tax obligations and compliance
    • Evaluate financial risks and contingency plans
    • Seek financial advice from experts
    • Regularly review and update financial plans
market-researchfinancial-planningmarketing-managerfinancial-analystresearch-teamfinance-team
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Strategies and tactics for starting a print on demand business on Shopify

  • ⛳️ Strategy 1: Conduct comprehensive market research

    • Identify a niche market by researching current trends and gaps
    • Analyse your competition to understand their product offerings and pricing
    • Survey potential customers to gauge their preferences and expectations
    • Research the geographic regions with the highest demand for your products
    • Identify key partnerships that can enhance your business model
    • Investigate industry-specific regulations and required compliance
    • Study successful print on demand businesses for best practices
    • Assess the profitability of various product types within your niche
    • Determine the ideal pricing strategy based on consumer behaviour
    • Use survey and research data to refine your product offerings

  • ⛳️ Strategy 2: Set up your Shopify store effectively

    • Sign up for a Shopify account and select a plan that suits your needs
    • Choose a memorable and brand-relevant name for your store
    • Select a professional and user-friendly theme for your Shopify store
    • Customise your store layout, including pages such as home, about us, and contact
    • Create and organise product listings with quality descriptions and images
    • Configure payment gateways to accept a variety of payment methods
    • Set up shipping zones and rates based on your target market
    • Optimise your store for mobile users to enhance user experience
    • Ensure your store complies with all necessary legal requirements
    • Implement a reliable system for tracking inventory and order fulfilment

  • ⛳️ Strategy 3: Market your Shopify store and products

    • Develop a brand identity that resonates with your target audience
    • Create social media profiles on platforms frequented by your target market
    • Use search engine optimisation techniques to increase store visibility
    • Leverage influencers in your niche to increase brand awareness
    • Utilise email marketing campaigns to retain and attract customers
    • Run targeted digital advertising campaigns across various platforms
    • Encourage customer reviews and ratings to build credibility
    • Participate in relevant forums and online communities for visibility
    • Offer promotions and discounts to incentivise initial purchases
    • Track marketing performance metrics to refine strategies continuously
print-on-demandshopifymarket-researchermarketing-strategistecommerce-teammarketing-team
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Strategies and tactics for building and launching our MVP to 1,000 early users

  • ⛳️ Strategy 1: Conduct comprehensive market research

    • Identify target user personas
    • Analyse competitor products and services
    • Survey potential users to understand needs and pain points
    • Collect feedback on initial MVP concepts
    • Study industry trends and emerging technologies
    • Set up focus groups for detailed insights
    • Review market research reports and case studies
    • Use social media listening tools to gather user sentiment
    • Assess regulatory and compliance requirements
    • Identify potential barriers to entry

  • ⛳️ Strategy 2: Develop and iterate the MVP efficiently

    • Assemble a cross-functional development team
    • Set clear, achievable milestones and timelines
    • Prioritise core features that address user needs
    • Use agile methodology for continuous improvement
    • Conduct regular sprint reviews and retrospectives
    • Implement effective version control and documentation
    • Use prototyping tools for early-stage validation
    • Integrate user feedback into development cycles
    • Perform rigorous testing for bugs and usability
    • Prepare detailed technical documentation and user guides

  • ⛳️ Strategy 3: Execute an effective launch and marketing plan

    • Develop a compelling brand and positioning statement
    • Create engaging marketing materials and website
    • Leverage social media platforms to build awareness
    • Engage with influencers and early adopters
    • Offer early access incentives and referral programmes
    • Attend industry events and conferences to network
    • Use email campaigns to build anticipation and sign-ups
    • Partner with relevant communities and online forums
    • Set up analytics to track user behaviour and feedback
    • Provide excellent customer support during the launch phase
market-researchagile-methodologyproduct-managermarketing-specialistdevelopment-teammarketing-team
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Executing your Market Research strategies

Having a plan is one thing, sticking to it is another.

Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to keep your strategy agile – otherwise this is nothing more than a reporting exercise.

A tool like Tability can also help you by combining AI and goal-setting to keep you on track.

Tability Insights DashboardTability's check-ins will save you hours and increase transparency

More strategies recently published

We have more templates to help you draft your team goals and OKRs.

Planning resources

OKRs are a great way to translate strategies into measurable goals. Here are a list of resources to help you adopt the OKR framework:

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