Market Research Tools The Use of Traditional Methods Vs. Digital Methods, in the US

1. Market Research Tools: The Use of Traditional Methods vs. Digital Methods, in the US What are Market Researching Tools? Market researchers use particular tools and resources to explore, identify, select, measure, and quantify data, datasets, trends, or insights that hold interest to the industry or to the people to gain an understanding of where their products and services stand in the market and with the people. The data collection methods in marketing research are done by market researchers in organizations and companies. The three essential pillars of information that would provide a lot of insight into a good research process are - Identification of the target audience, Identification of the target market, and Identification of the rivals and competitors in the market. There are different types of marketing research such as Primary Research and Secondary Research, Qualitative Research and Quantitative Research, Branding Research, Customer Research, Competitor Research, Product Research, etcetera. To carry out these different types of marketing research processes, in today’s advanced technological and innovative world, market research tools can be used both offline as well as online, or more simply - Traditionally or Digitally. The use of digital method tools overlaps and supersedes the traditionally used method tools, with the conceptions of the digital solutions era in market research. In the United States of America as well as in all the other developing countries, both the marketing research tools and technologies are still used and even sometimes in conjunction with each other. Therefore in this article, we shall be exploring the tools in marketing insights, especially, the Traditional Methods Vs. The Digital Methods, and how they are used in today’s organizations and industries in the US Market. For more interesting topics and reads, visit The Business Magnate. Traditional Methods in Marketing Research Tools: Marketing researchers in organizations, carry out their research processes to gain insights into their target audience, their target needs and interests, their target requirements, their target market, their target products and services, and data on where they stand with the people. Traditional market research used certain tools in marketing research processes before the introduction of technological and digital solutions.

2. The use of advertisements printed in newspapers, advert leaflets and brochures, posters, billboards, signs, television advertisements, information or bulletin boards, mail letters, and radio advertisements, were used as communicative strategies in traditional times. These strategies were adopted before the technological era had begun and the information about services and products was distributed physically by employees traveling distances of all kinds. Other alternative methods of data collection by organizations that opted to bring their target audiences to them were then used. These were - Conducting surveys, Holding in- person interviews, Forming and gathering target audiences, and Observing target groups, etcetera. These methods involved a lot of physical work and demanded a lot of time and effort from both parties researchers and customers. Although this was the only way organizations could communicate and collect information, it was still a tedious work process. With the introduction of technologies and their advances over the years, this method and process of collection of data and information for research and marketing insights was changed to digital methodologies. Digital Methods in Marketing Research Tools: With technological and digital transformations introduced into the corporate world, organizations and businesses of all kinds changed rapidly, for the better. Taking the innovations of digital solutions in positive strides, one can deduce that employees found it much better to now carry out their marketing research processes from their workplace environments. A huge decrease in expenses, the amount of time spent, and the amount of effort carried out by each employee in overseeing their duties, and responsibilities, as well as the physicality of the job overall, were all reduced drastically. The organizations soon and very easily shifted to using digital tools in marketing research and were now seen to be making use of online platforms such as - Social media, Big data analysis, Online survey software, Online interviews and observations, Digital advertisements, and Communicating their services and products through online websites. Other digital marketing strategies were used alternatively and in conjunction as well such as - Customer feedback tools, Content Marketing, etcetera. To Conclude: The adoption, switch, and global transformation in the use of digital methods under marketing research tools and technologies, proved to be very beneficial and fruitful. Especially in a rapidly developing nation such as The United States of America - it is the

3. powerhouse of many start-ups, famous and reputable organizations, diverse industries, long- standing businesses, and the continuous instream of immigration workers. Additionally, the traditional methods in marketing research have not been left in the dust, but are used simultaneously and in conjunction with digital method tools and technologies. A combination of both the traditional and digital methods can provide an enhanced and better result in the process of collection of data and insights for our still hardworking researchers!