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When do you rely on industry-specific reports for insights versus conducting your own research in-house?

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3 Answers
  1. Agustina Sacerdote
    Agustina Sacerdote

    Gusto Head of Product Marketing, Core Portfolio + Platform • 6y

    Frankly, #1 is cost. Industry reports tend to be expensive and often times too generic. I find that they're only worth it when there's a large organizational (wider than Marketing) need for basic industry or segment knowledge, like when the company as a whole is assessing new markets. Start with your research question - what exactly are you trying to answer? You'll realize that often times you can take that report cost and allocate it towards research that can answer your question much more dire ...Read More

    2,108 Views
  2. Jeffrey Vocell
    Jeffrey Vocell

    BFC Software Head of Product Marketing | Formerly Narvar, Iterable, HubSpot, IBM • 3y

    I don't think it's a question of industry reports VS in-house research, It's "And" and looking at both to get the full picture. Oftentimes big publications, or analysts will run industry reports which can be great for broad market understanding and numbers but in-house research can help fill-in specific details. If you have a subscription with an analyst firm, I'd recommend checking out the research they offer for broad market understanding. Also, if you regularly connect with specific analysts ...Read More

    325 Views
  3. Sharon Markowitz
    Sharon Markowitz

    Intuit Principal Product Marketing Manager | Formerly Zoom, Atlassian, LinkedIn, Intuit + CPG • 2y

    Effective market research begins with a comprehensive understanding of two key elements: (1) the objective and (2) the target audience. It's essential to align on these foundational components, before selecting any specific methodology, such as in-house research or industry specific reports.   In-house research demands significant resources compared to utilizing industry-specific reports for insights. Generally, if the research is pivotal for brand and product, conducting in-house research or en ...Read More

    607 Views

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