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Meet Ada, your new AI research consultant. Ada uses generative AI to demystify market research, making it accessible for anyone to get key product, marketing, and pricing insights directly from their target audience. Insights for all!
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Savannah Trotter
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I think it depends on the type of research you want to conduct. Primary market research (aka the research you conduct yourself) is very helpful for product development and competitor analysis.
While using tools like SEMRush or Ahrefs can give you some good data, it is all directed towards keywords and SEO. Which is helpful....but it also doesn't tell you what your audience actually thinks...
What are your favorite tools for conducting market research and competitor analysis?
Rabbi Miah
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Savannah Trotter
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What kind of usability testing have you done (or are you interested in doing)? Just curious, because 2-4 weeks is a very long lead time!
Depending the type of testing you might want to look into survey and experiment platforms like SightX (SightX.io). You can run your own studies easily (with your own audience or an online vetted research panel) and get data within days.
Anyone thinks that they should be doing more user research but it always takes too long to do?
Mikayla
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Savannah Trotter
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I think it depends on the type of research you want to conduct. Primary market research (aka the research you conduct yourself) is very helpful for product development.
I am still quite new to market research, but have learned a lot in the last few years. While it's a little daunting to get started, it's a lot more approachable that I would have though.
Tools like SightX.io are great for...
What tools do you use for market and product research?
Diana Iun
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Savannah Trotter
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It's an interesting prospect, but I don't think it is actually useful information.
You need real data (from humans) to understand what they like/dislike, their wants/needs, preferences, behaviors, habits, etc. Without that data, AI is just making a best guess.
That being said, there are some AI tools you can use to analyze market research quickly, pick out insights, and automatically build...
Do you think AI-generated market research reports are reliable?
Kate Smith
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Savannah Trotter
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It depends on the product idea, but generally it can be helpful to do some online research first to understand who your competitors would be.
From there, concept testing could work well to screen your idea with an audience. You can show different variations of your idea, or have people compare your idea to your competitors products to see which they would buy. You can also use concept testing...
How do you perform market research for new ideas?
Dor Yardeni
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Savannah Trotter
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I agree with Andrija below, outsourcing does have its benefits, but the agency you use won't know your product as well as you do. So they might not ask the right questions and (by extension) you won't get the right data.
Doing it yourself can be a little daunting, but there are a lot of automated and AI-powered tools that make it much easier than it used to be.
I would suggest checking out...
What kind of market research does your startup do by itself and what kind do you outsource?
Debajit Sarkar
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Savannah Trotter
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I would definitely second what Apostolos said below- primary market research (aka research you do yourself) is very beneficial before a product launch!
There are quite a few different approaches, it just depends on what you are interested in learning:
- Concept testing is good at any point in your development process. Early on, you can use it to screen different product variations or...
What tools would you recommend for conducting market research prior to a product launch?
Sneha Nair
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