21+ Best Market Research Tools

21+ Best Market Research Tools - https://smallbiztrends.com Avatar Posted by lyceum under Marketing
From https://smallbiztrends.com 121 days ago
Made Hot by: NolanGreen on June 8, 2020 3:31 am
Stories about companies failing to do market research are all too common. For instance, the 1990s saw the introduction of a soft drink with little balls of gelatin floating in it. Sounds appetizing – not! Called Orbitz, the product reportedly tasted terrible too. It launched with an incoherent marketing campaign about coming from another planet. Not surprisingly, the product was a bust.
Marketing professionals study such failures and try to learn from them. The point of many lessons is: if only the company had done its market research. Perhaps held some focus groups or blind taste testings. Then the company could have saved its money.





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