Why conduct market research and market analysis?
Conducting market research on your target market or globally is a crucial step on your way to expanding internationally.
It allows you to understand a variety of challenges or opportunities you may face, the size of the market, your local competitors, market segmentation, and how the cultural differences might imply your localization. Understanding consumers sentiments in-market will help you adapt your plans and increase your chances of success.
However, the nature of many markets is that language barriers may prevent you from finding the most up-to-date information, that's why having a local partner on the ground could help tremendously. This guarantees that you understand current trends, culture dynamics, and in general the local business environment well.
Expanding into new and unknown markets is not an easy feat and can be complex even for the best-resourced businesses.
Our team puts a lot of effort into finding to most reliable service providers globally. We handle payments to provide another layer of security and also assign a dedicated customer success manager to each project. Given the size of our network and experience of helping more than 150 companies grow revenues across APAC, working with us will decrease the time you spend on navigating the complexities of new markets.
We will be able to help you find the right provider in a matter of hours. In contrast, if you do it yourself, you will struggle to find reliable websites, reviews, what industries the service providers have covered in the past, and other relevant information you may need. The Revenew team has collected all that information and handled the due diligence on your behalf so that you can outsource your market research and market analysis services in no time.
What kind of companies have you helped in the past?
Because of the nature of our curated network of service providers, we have helped a wide variety of businesses. From small businesses to fast-growing startups and even multi-national corporations. We typically prefer to work with venture-backed startups since they like to move fast.
Here are some verticals we have helped in the past: FinTech, InsurTech, BioTech, SaaS, Cybersecurity, Travel, Hardware, Marketplaces, E-commerce, and many other venture-backed startups.
What type of market research do you offer and how to do market research as a startup?
Each of our service providers has their different methodologies and unique expertise but the most common types include:
- Primary vs Secondary
- Focus groups / Interviews
- Online surveys
- Events, webinars, trade missions, and more
If you are a young business with limited resources you may wonder "how to do market research for a startup?". We recommend you to focus on primary data and conducting interviews, focus groups and in general meeting as many clients or users you can. That's the best way to adapt your go-to-market strategy and increase your chances of success. So, whatever your business needs are, we are confident our partners, coupled with their experience and expertise, will provide great market insights to your business!
Can you handle international market research across multiple countries?
Definitely! Our curated network of market research companies consists of regional vendors. In that way, they have go-to-market strategy specialists across multiple countries. Alternatively, we can match you with several vendors, one in each market that you are planning to test.
What kind of results can we expect by engaging market analysis and market intelligence services?
You can be sure to expect information that is relevant to your target markets such as the size of your market, competitors, growing and hot trends, and most importantly your customers. All that is gathered and analyzed through our global service provider network to provide you accurate and real-time information so that you can make confident decisions about your go-to-market strategy.
If you are considering a secondary data-focused approach, our partners will generate comprehensive reports. Alternatively, if you are looking at primary data and doing interviews or focus groups, we will be able to match you with the right person in your target market.
How do I know which market research company is the best for my business?
To help you make educated decisions, we have built profiles for each market research company here on Revenew. Taking a look at those would give you a glimpse at their profile features, previous clients, what kind of verticals they specialize in, and the services they offer. So you could take a browse to see which best fits your business activities, industry, and budget.
But, we know your time is precious. So we also provide a complimentary and global go-to-market strategy consultation, it won't take more than 15 minutes. At the end of it, you will have a customized list of recommended service providers that are a great fit for your market research needs!
How does the process of market research work at Revenew?
Revenew is a global B2B marketplace, as such, we don't execute the market research or other go-to-market strategy services ourselves. But, we give you access to our curated network of hundreds of market research companies across 17 markets to help you with your market analysis and go-to-market strategy needs.
Simply use this platform to browse through which market research company you feel is the best fit for your business based on the industry they have served in, the services they offer, and your preferred budget!
If it's too much work, feel free to connect with us for a complimentary go-to-market strategy consultation and we will find you the most suitable market research company for you!