How to Conduct a Survey For Actionable Consumer Insights

Learn how to conduct surveys effectively for actionable consumer insights. This comprehensive guide covers everything from defining objectives to analyzing data. Gain a competitive edge by mastering the art of survey conducting.

Author

Tanvi Moitra

Date

June 22, 2023

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Surveys are an effective method for collecting meaningful data and insights.They help brands understand their consumers better by analyzing their behavior, opinions and preferences. 

Even though surveys are often vulnerable to bias and generosity errors, with the right approach, they can provide actionable insights. This enables teams to make informed decisions and helps brands stay ahead of their competition. 

In this article, you will learn how to conduct a survey to get the most out of your research endeavours. From the basics to adopting the best practices, we will cover everything you need to know and more. So, let’s dive in!

What is a Survey?

A survey is a structured collection of questions used to systematically gather data from a group of people, known as respondents. The main objective of surveys is to gather and analyze consumer data to understand the consumer’s opinions, beliefs and experiences.

Survey Example

What are Surveys Used For?

Surveys are extremely versatile. They are used across industries for a variety of use cases, for example- 

# Market Research

Surveys gather consumer data to understand their preferences, evaluate market trends and collate feedback.

They help brands zero in on their target audience, identify and better understand the consumers’ needs and accordingly refine their consumer experience and marketing strategies.

# Customer Research 

With surveys, brands can evaluate how satisfied or unsatisfied customers are with their products or services. 

By collecting feedback and mapping the points of dissatisfaction, brands can become more consumer-centric and improve their offerings. This, in turn, helps brands create and retain loyal customers. 

# Demographic Research

Surveys are used to analyze the population and economic data of a region. This helps brands understand whether the audience will be interested in their product or service. 

Surveys are also used to conduct academic research, employee research, social research etc. 

Read More: ‍A Quick Guide to NPS Surveys 

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Importance of Surveys

Surveys act as a starting point for brands making them an indispensable resource in the journey of actionable consumer insights. The benefits of conducting a survey are-

# Helps Making Data-Driven Decisions

Surveys let you gather empirical research data that enables brands to make informed decisions. These decisions are driven by real consumer opinions, preferences, attitudes and experiences.

# Enables Strategize Marketing Strategies

Surveys help evaluate and address consumer preferences and needs. Marketing teams can leverage survey data to create targeted campaigns and personalize content and offerings. 

# Helps Gain a Competitive Edge

Survey data helps brands stay ahead of their competition by helping them identify key patterns and emerging market and customer trends. Surveys also help get an in-depth understanding of consumer expectations, enabling brands to adopt a more consumer-centric approach.

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# Helps Evaluate Customer Loyalty and Satisfaction

Surveys provide customers with a platform to voice their opinions. This allows brands to address key concerns, improve customer experience and foster brand loyalty.

Things to Keep in Mind Before Conducting a Survey

Creating a survey can be an exciting task. But, here are a few pointers you should keep in mind before you embark on your research journey-

# Have a Clear Set of Objectives

The goals of your survey should be stated in clear terms. Decide what details you want to learn and what insights you want to obtain.

# Determine Your Target Audience

Identify the survey's intended audience by conducting an efficient audience research. Ensure it fits your research goals and reflects the people you want to learn from.

Read More: A Guidebook to Online Panels for Surveys

# Design Your Survey Carefully

Create questions that are neutral and well-structured. To prevent misunderstandings or biassed reactions, keep your survey questions brief, clear, and pertinent.

# Keep a Check on Your Survey Length

Strike a balance between getting thorough information and showing consideration for respondents' time. Respondent weariness and partial responses can impact your survey results.

# Keep Ethical Considerations in Mind

Respect respondent privacy and make sure data protection laws are followed. The survey's goal must be made clear, and when necessary, informed consent must be obtained.

# Choose the Right Sampling Method

Be it probability sampling, stratified sampling, or random sampling, pick a method that fits your study goals and available resources. 

# Opt for an Online Research Platform

After COVID-19, brands have moved from offline to online research methods. An online research platform helps create and conduct surveys, decode all your consumer data and give you real-time analytics

Know More : Entropik: AI-powered Integrated Market Research Platforms

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Steps to Conduct a Survey

1. Choose the Best Suited Survey Method

Depending on your target audience, available resources, and research goals, choose the survey approach that best meets your needs. Online surveys are popular because they are affordable, simple to distribute, and can reach many people. For some circumstances, other techniques, such as phone interviews or in-person meetings, may be more appropriate.

2. Design the Survey Layout

Pay close attention to the survey's layout. Create a logical framework and flow for the questions, starting with general information and advancing to more detailed subjects. To collect a range of data, use a number of question formats, such as multiple choice, rating scales, and open-ended questions.

3. Conduct a Pilot Test 

Perform a pilot test with a small sample of respondents before distributing the survey to the entire audience. This makes it easier to spot any problems with survey duration or technical problems. Based on the feedback, make the appropriate changes.

4. Select the Right Sample

Choose the right sampling strategy and sample size for your survey. Make sure your sample allows for accurate generalizations and represents the target population. For its statistical correctness, random sampling, in which every member of the population has an equal chance of being chosen, is mostly chosen. 

5. Accurately Distribute the Survey

Contact your target audience with online surveys, email invitations, social media, or survey platforms. Provide directions for completing the survey as well as a clear explanation of its aim and guarantee of respondents' data privacy.

What To Do After Conducting a Survey

1. Keep an Eye on Response Rates

Monitoring response rates is important to ensure that the sample size is adequate to make data-driven decisions. 

2. Analysis of Data

After the data has been collected, consolidate and arrange the survey responses. Data may be automatically recorded in a database or require manual entry, depending on the survey method. To glean relevant insights from the data, apply appropriate statistical analysis techniques, such as cross-tabulations, regression analysis, or descriptive statistics.

3. Interpret and Report Finding

Recognize any emerging patterns, trends, or connections in the data. Use visual aids like charts or graphs to collaborate and grasp the results by presenting them in a clear and succinct manner. 

Conclusion

For brands looking to understand their target market, develop products or services, and make wise decisions, conducting surveys for actionable consumer insights is essential. 

Don't forget to set clear objectives, select appropriate survey methodologies, design thoughtful survey questions, take ethical factors into account, and analyze the data to get useful conclusions. Surveys can be effective instruments for promoting brand success and keeping a competitive advantage in the marketplace with careful design and implementation.

Use these recommended practices while conducting survey research to ensure that high-quality data and relevant consumer insights are gathered. You can make well-informed decisions that promote growth and success by being aware of the needs, preferences, and viewpoints of your target audience.

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Author Bio

Tanvi can usually be found anxiously treading the office floor to get her content reviewed, here at Entropik. When not absorbed by researching and writing, she loves to read, go for a swim, play badminton, paint, and otherwise spend too much time bingeing on the Office and cuddling her German Shepherd, Whiskey. An absolute foodie, she would love to cook and bake for you and even give you the best dessert suggestions in the office.

Tanvi Moitra

Product Marketing Specialist

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