Market research plays a big role in how people shop and how companies create their marketing plans. Here’s how it affects consumer behavior:
Finding Out What Consumers Want: Did you know that 70% of shoppers like products that are made just for them? This shows how important it is for companies to understand who their customers are.
Keeping Customers Happy: Companies that use market research see a 10-15% rise in how many customers stick around. This means they are better at keeping their customers.
Making Better Products: About 54% of businesses use feedback from their customers to create new and improved products. This helps them make sure they are making what people really want.
Making Smart Choices: Around 62% of marketers believe that using data helps them make better decisions. This shows how valuable market research is in helping companies focus on what their customers need.
Overall, market research helps companies understand their customers better and creates marketing plans that work!
Market research plays a big role in how people shop and how companies create their marketing plans. Here’s how it affects consumer behavior:
Finding Out What Consumers Want: Did you know that 70% of shoppers like products that are made just for them? This shows how important it is for companies to understand who their customers are.
Keeping Customers Happy: Companies that use market research see a 10-15% rise in how many customers stick around. This means they are better at keeping their customers.
Making Better Products: About 54% of businesses use feedback from their customers to create new and improved products. This helps them make sure they are making what people really want.
Making Smart Choices: Around 62% of marketers believe that using data helps them make better decisions. This shows how valuable market research is in helping companies focus on what their customers need.
Overall, market research helps companies understand their customers better and creates marketing plans that work!