Marketing Research: The Marketing Research Plan of Research Paper

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Marketing Research: The Marketing Research Plan of Extreme Exposure Rock Climbing Center

The need for marketing research

The marketing research problem

Information types and sources (primary and secondary)

Methods of accessing data

Methods of collecting Data

Design data collection forms (or scripts)

The sample plan and size

Analyze data

Marketing Research: The Marketing Research Plan Extreme Exposure Rock Climbing Center.

The need for marketing research

With the climbing market exploding, the creation of a modern climbing centers necessitates an incredible amount of making sure that it is competitive. It is clear that modern climbing gyms are real businesses that are out there generating real proceeds. They provide specialized services like corporate team building and youth climbing programs, and they have to deal with real issues like taxes and workman's compensation audits. The best climbing facilities are run by experienced management professionals who appreciate their success depends as much on customer service as it does on value route location.

The marketing research problem

Extreme Exposure Rock Climbing Center has been in competition with other companies particularly another rock-climbing center, called The Krag, which will be built in Sacramento within the next six months. It is clear that this new company will be much more competitive by having more things for customers to do. In other words, there are more products that will be able to meet the needs of the customers.

Research objectives

1. To make Extreme Exposure Rock Climbing Center the number one target for rock climbing equipment customers in Sacramento, California, and to accomplish the largest marketplace share in the area for rock climbing gear. There are not enough resources for gauging marketplace share for our local marketplace, but the State of California provides twelve-monthly economic data by district. We will use this data to accumulate an estimate of market share goals for 2015.

2. To be a vocal and active member of the community, and to offer repeated re-investment through contribution in community activities and financial offerings. Extreme Exposure Rock Climbing Center will sponsor two to three events all through the year, as well as charity events, the Pacific Amateur (PA) Golf Classic, and celebrity-hosted clashes.

3. To accomplish 30% marketplace share by August of 2015.

Research design

This exploratory plan will investigated the needs assessment for Extreme Exposure Rock Climbing Center in order to be a functional organization in the competitive rock climbing world. A survey will be conducted in order to gain an in-depth understanding of the needs of the rock climber customers. This kind of research is by far the most popular procedure of market research. The exploratory approach is necessary for this plan because it endeavors to discover general information in regards a topic that is not well understood by the marketer. For instance, Extreme Exposure Rock Climbing Center has heard about following items about that are different from Extreme Exposure is helping The Krag.

Information types and sources (primary and secondary)

Extreme Exposure Rock Climbing Center will use primary market research. This is beneficial for the company because it is a kind of market research which is done by the business with the goal of collecting information that can be used in order to improve the products, functions and services. Primary market research is likewise recognized as field research because it is research done from scratch, without utilizing any information that is already made accessible through other sources. Extreme Exposure Rock Climbing Center will gather primary data through qualitative research methods. Qualitative research or qualitative marketplace research is a type of a research technique which mostly takes into account the feelings and opinions of a customer to the extent that a business's products and services are involved. This kind of research tries to get behind the customer's mind in order to fathom what they see missing or whether they really are interested in the product or not. Some typical examples of qualitative research work consist of doing in person interviews. Primary market research is the greatest common kind of a market research method and is likewise the most respected kind. It will beneficial for Extreme Exposure Rock Climbing Center because it is a method that merely answers specific questions and not inappropriate issues.

Methods of accessing data

Surveys and questionnaires will be one way of accessing data for Extreme Exposure Rock Climbing Center.

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The term 'surveys' is a wide-ranging term that covers a great deal of things for example survey questionnaires, survey interviews, survey forms, and consumer satisfaction cards, etc. (Imms, 2012). One of the most typical instances of this research technique is the feedback form given to clienteles at the time of advertising at a restaurant. It is a forthright method of recognizing whether or not the customer is content with the business's existing services and products or what type of changes would the consumer like to look at. Surveys are likewise directed in the form of web questionnaires these days that will be able to enable Extreme Exposure Rock Climbing Center to collect a lot of feedback and then examine it for further types of administration.

In-depth interviews are also something else that Extreme Exposure Rock Climbing Center can use in this plan. Some organizations can think of an in-depth interview to be a quantitative method to primary marketplace research, nonetheless this technique, actually, is a qualitative research that takes into consideration the types of selections and first choice a customer base may possibly have. Interviews, different from focus groups, include communication among one moderator and one defendant and more than a few kinds of modes and methods may be used to have them done. Interviews for Extreme Exposure Rock Climbing Center may not always be restricted to a set pattern of questions but then again can also be in the form of a conversation with the target client viewers or base. This type of a research technique aids to dig further into what the customer needs, and the answers will later be analyzed in order to come to a conclusion for the final product distribution.

Observation is another type of tool for Extreme Exposure Rock Climbing Center to use. There are two major observation techniques or research methods the company can use in primary marketplace research, and they are observation by means of communication and interaction with the subject and observation through no communication and interaction with the subject. Also, this method of research technique comes under the quantitative primary research because through it; researchers are able to evaluate or measure the behavior of the people involved or the users on the whole. This is more of a personal method for Extreme Exposure Rock Climbing Center in comparison to surveys and questionnaires.

Methods of collecting Data

Internet/Web-based Surveys which Extreme Exposure Rock Climbing Center will utilize. The survey place on the Website and the respondents will be able to go to specific site then finish it and then push the "send" button. Also, the benefits to use this method are Facebook users have a lot of heavy operators of internet and it can with no trouble catch up our target due to online place of the surveys. The second one of Online Surveys Methods is E-mail survey which is a self-administered data collection technique. As the formation of Facebook account necessitates an email address, it is appropriate for directing "mass-mailing" technique which the survey are electronically transported to and then reverted by email (Kumar, Essentials of marketingresearch, 2nd edition, 2010). It is a well-organized way to gather lots of information from Facebook users who are customers of Extreme Exposure Rock Climbing Center. Extreme Exposure Rock Climbing Center will also use Facebook invitation and Facebook events. For this company, it will be an effective and efficient method in order to send the survey to the greater statistics of Facebook users though this display place. The advantages are straight contact with target respondents who had finished their replying of the survey.

Design data collection forms (or scripts)

Comfortable

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Restricted movement of legs

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