How to Do Market Research (Quarterly)
🎯 Objective:
To systematically gather insights on customer behavior, competitor activity, and market trends to inform product, pricing, and marketing decisions every quarter.
👥 Roles & Responsibilities:
|
Role |
Responsibility |
|---|---|
|
Marketing Manager |
Owns research process end-to-end |
|
Analyst / Intern (if available) |
Assists in data gathering and formatting |
|
CEO / Product Team |
Reviews research for strategic decisions |
🛠️ Tools Required:
-
Google Forms / Typeform (for surveys)
-
Google Meet / Zoom (for interviews)
-
Google Trends, SimilarWeb, Ahrefs (for online trends)
-
Review platforms (Google Reviews, Play Store, YouTube)
-
Competitor websites & ads
-
LiftOS (for storing and presenting findings)
📅 Research Timeline:
-
Frequency: Once every quarter
-
Duration: 2–3 weeks per cycle
-
Reporting Format: Slide deck or structured doc in LiftOS
📋 Step-by-Step Process:
✅ Step 1: Define Research Goals (Per Quarter)
Examples:
-
“What motivates customers to upgrade devices?”
-
“How does our pricing compare to top 3 buyback platforms?”
-
“Which cities are growing in used-device volume?”
Set 2–3 focused questions for the cycle.
✅ Step 2: Collect Customer Inputs
🎯 A. Survey (Quantitative)
-
Tool: Google Forms or Typeform
-
Audience: Past customers (3–6 months)
-
6–8 questions max — Example:
-
How did you hear about us?
-
What made you choose Cashkr over others?
-
What nearly stopped you from selling?
-
🎯 B. Interview (Qualitative)
-
5–7 users (existing + potential)
-
Ask open-ended:
-
“Walk me through your selling process.”
-
“What frustrates you about other platforms?”
-
Record and note behavioral insights.
✅ Step 3: Analyze Competitor Activity
|
Item |
Research Method |
|---|---|
|
Website & Pricing |
Visit competitor pages |
|
Ads |
Use Meta Ad Library & Google search |
|
Reviews |
Play Store, YouTube, Google Reviews |
|
Features |
App walkthroughs or screenshots |
|
SEO & Traffic |
Use Similarweb or Ahrefs |
Document in a comparison table:
✅ Features | 💰 Pricing | 💬 Reviews | 📈 SEO
✅ Step 4: Study Trends & New Markets
-
Google Trends: Search terms like “sell old phone,” “used mobile buyback”
-
YouTube Search Suggestions: Topic ideas
-
Ahrefs / SEMrush: Keyword gaps
-
Local insights: Facebook groups, OLX Quikr listings
Identify:
-
Growing cities
-
Device demand shifts
-
Seasonal patterns (Diwali, Back to School, etc.)
✅ Step 5: Summarize Findings
Upload to:
📂 LiftOS > Research > [Quarter-Year]
Structure:
|
Section |
What to Include |
|---|---|
|
Summary |
5 key takeaways in bullets |
|
Customer Insights |
Charts + quotes |
|
Competitor Summary |
Table + screenshots |
|
Trend Map |
Google Trends graphs, city data |
|
Opportunities |
“Launch X offer in Y city” |
Use deck format (Google Slides / Canva) or structured LiftOS doc.
✅ Step 6: Share & Act
-
Review findings with CEO/Product/Marketing
-
Define 1–2 actionable decisions (e.g., “launch Hindi ads in Tier-2”)
-
Log summary in your quarterly marketing strategy doc
✅ Notes:
-
Always compare trends vs. last quarter
-
Track redemption of previous insights (“Did last quarter’s idea help?”)
-
Aim for insights, not just data
-
Quote customers anonymously, but keep tone real