Marketing research is vitally important for any business. Most large companies will have whole departments devoted to marketing, and money to spend on customized research. Small businesses frequently must conduct their own market research, using tools that are publicly available, and spending money selectively for prepared reports or customized primary research.
The specific questions that should be asked will depend on the specific context of the business and the marketing initiative, but marketing questions generally fall into five broad categories:
A key element in marketing and entrepreneurial research is routine, ongoing scanning of the business environment. This means keeping up with world and national news. For many hospitality businesses, local news is also highly important. It's also essential to maintain awareness of what's going on in the industry, and in the business world in general. Use some of the news sources here as part of your current awareness strategy, and don't forget about the trade journals listed on the Articles page.
Consumer demographics and behavior, geographic information, and information that relates to specific brands, products, or services are all important components of marketing research.
Trend-spotting is an important facet of current awareness for market research. Use these sources and others to follow trends in the Hospitaltiy industry.
This guide was developed by Leslie Murtha, Atlantic Cape Community College Libraries.
Published 2016. Updated January 2020.