I would have to say one of our choice assignments here in the Bunker is report writing for our market research clients. Although each report we write is unique for each of our clients, a few common foundations exist in every report that is produced at RMS. Here are 5 things you should consider when writing your next market research report, who knows, maybe you already do…
1) Executive Summary and/or Dashboard – “Too Much is Too Much” – although market researchers may love reading through 100 page reports, most people don’t. This includes people in the audience that the report is addressed to. In today’s business world of quick and efficient (think 140 characters like Twitter), including an executive summary or dashboard of the key findings up front is integral to report. If you can fit all key statistics on a one-page dashboard to refer back to time and again, that’s even better.
2) Recommendations – “Don’t Leave Them Hanging on Just Data”– as a market research firm, the key is not always how to design and collect data, but it’s how you interpret it. Put yourself in the mind frame of your client and ask questions they would ask about the results. What types of things do they need answered? What is the ‘so what?’ Taking the next step to consult with your client and offer them your market research and industry expertise is a keystone to any good market research firm.
3) Significance Testing – “Is That Number a Big Deal?” – so, one segment of your market has a higher likelihood to use your client’s product than another. Is that a big deal? Use significance testing to find out if the difference in percentage is unlikely to have occurred by chance. RMS uses statistical testing in all of our heavy quantitative reports to provide insight into whether the difference between two segments is just a fluke or if it actually means something.
4) Cross-tabulations – “Banner Runs Have Staying Power” – all those pesky little demographic questions at the end of the survey are of use and should be used by the market research agency. Differences between genders, age groups, income levels, households – all have separate implications for your client. Pick out some key demographic breaks or other breaks within the survey script itself and run cross-tabs on all questions from the survey. You may be surprised with what is found and you may even come across a finding you hadn’t thought about.
5) Readability – “Tell a Good Story” – in addition to making the report read well in terms of ease of understanding and simplicity, don’t lose track of the story you are telling. Again, put yourself in the mindset of your client, you need to summarize your market research study from start to finish giving them the complete picture of the results. What are the key takeaways from your market research? Start from there and begin to mold the flow of your report. I’m not saying you need to spend the time turning your next monthly trend report into a John Grisham novel, but in the end, your report should offer some closure to the reader.
Looking for a market research agency in Upstate, NY? RMS will designate a custom team to meet your needs. Visit our website by clicking here or by calling us at 315-635-9802.
[…] Bunker had previously written a blog post regarding 5 Things to Look for in a Market Research Report, which spoke much about report content. Market research reports are something that we are all […]
[…] and what we often discuss as a report. Although both may be done in PowerPoint, a traditional market research report is viewed more as a deck or document than an actual presentation tool. This book focuses solely […]
[…] good market researcher will always try to organize a report in such a way that the data tells a story. That’s the main difference between presenting a client with insights rather than just a data […]
[…] you have questions about market research reports or market research dashboards? Contact the Research Bunker authors by clicking here. Rate this: […]
[…] With some reports involving multiple, components the RMS Analytics team will formulate our PowerPoint reports by asking a question from the objectives and answering the question with data from our research. […]
[…] hours upon hours of focus group video to pull additional findings or additional quotes for your market research report. Actually scratch that, having to listen to audio files may even be more grueling but sometimes […]
[…] Synthetical – just simply engineering, not reverse engineering. Taking all of the pieces of different data points, patterns, and themes and being able to compose them into a story. This is also a critical trait of good market research report writing. […]
Before starting out on a quest to fill 50 pages of data, charts, and recommendations, you must ask your client what they are looking for. The answer might be “a full report”, “a one-page spreadsheet”, or “a simple estimate”. Make sure you know your customer, their needs, and their timeframe.
Good point Eddy. Client communication is very key. You have to understand their expectations first, before delivering on them.
[…] enough demand exists to make the venture successful. Arguably, there isn’t another type of market research report that offers more in-depth and thorough analysis than a market research feasibility study […]
[…] a dashboard. If you still can’t quite let go of key statistics in your report, try to condense them into […]
[…] about usage and perceptions of messaging in the ads to acquire more quantitative data. The full market research report explored eight different main themes with detailed supporting data for each, and a […]
[…] is organized, runs smoothly, and according to plan. Having a CHNA consultant siphon through and report on the data for you will also help your team prioritize goals and identify strategies to improve. Just […]