Secondary Market Research

Cards (10)

  • Secondary market research is research that has already been undertaken by another organisation and therefore already exists
  • Government publications, National and Local Government e.g. Office for National Statistics (ONS)
  • Market research organisations e.g. MORI, MINTEL
  • News papers provide secondary market research
  • Magazines provide secondary market research
  • Company records provide secondary market research
  • Competitors information provide secondary market research
  • The internet also provides a lot of secondary market research information
  • Advantages of Secondary MR
    • it is cheaper than field/primary research
    • quick to get hold of
    • research collected by bigger companies / agencies is likely to be unbiased
  • Disadvantages of Secondary MR
    • it may not be in the right format for you
    • it can be out of date