{"id":16346,"date":"2024-08-27T16:27:07","date_gmt":"2024-08-27T09:27:07","guid":{"rendered":"https:\/\/b-company.jp\/?p=16346"},"modified":"2024-08-27T16:28:57","modified_gmt":"2024-08-27T09:28:57","slug":"market-research-and-application-in-e-commerce-business","status":"publish","type":"post","link":"https:\/\/b-company.jp\/ja\/market-research-and-application-in-e-commerce-business\/","title":{"rendered":"\u96fb\u5b50\u5546\u53d6\u5f15\u30d3\u30b8\u30cd\u30b9\u306b\u304a\u3051\u308b\u5e02\u5834\u8abf\u67fb\u3068\u5fdc\u7528"},"content":{"rendered":"

The concept of market research<\/strong><\/h3>\n

Market research (or \u201cmarketing research\u201d) is not a new concept but is still not really understood and popular in Vietnam. In theory, market research is a process of collecting, processing, and analyzing information systematically to provide perspectives for managers and business owners, serving planning and decision making. Market research has been around for a long time and has been applied worldwide for many years at global companies and corporations such as Abbott, Unilever, P&G… In Vietnam, market key players in areas such as consumer goods (Masan), food and dairy products (Vinamilk), banking and finance (Techcombank) are also known for regularly implementing internal market research projects.<\/p>\n

However, it must be admitted that in reality, conducting market research is a task that requires human resources, time and costs. A standard market research project can last from 1 to 3 months with a budget ranging from tens to hundreds of millions of VND. Obviously, this is a significant barrier for businesses, especially start-ups in the early stage or small and medium-sized enterprises. The above obstacles have resulted in a large proportion of businesses in Vietnam not being interested in or having a need for market research. Especially in e-commerce, where sales turnover is dizzyingly fast, many businesses prioritize sales and operations over research. But is that a long-term and sustainable direction? The answer is no. If a business only relies on sales without understanding core values (including understanding customers and its own brand value), when the market or sales reach saturation, or a change occurs (such as the COVID-19 pandemic), any companies that does not grasp the above factors will find it difficult to take advantage of them to develop timely strategies.<\/p>\n

So how has market research been and is being applied in e-commerce? Let’s explore the 2 case studies below to see the values \u200b\u200bof this work.<\/p>\n

Case study 1. Netflix successfully researches to evaluate the potential for new product development<\/strong><\/p>\n

\"Netflix<\/strong><\/p>\n

Case study 2. Amazon has not been able to succeed in China because it cannot grab the market\u2019s characteristics <\/strong><\/p>\n

\"Amazon<\/strong><\/p>\n

Trends of applying market research in e-commerce<\/strong><\/h3>\n

The above two cases are clear evidence of the effectiveness of market research in business, including e-commerce models. Along with the development of the Internet, social networks and many other technological advances, market research in the e-commerce sector is also evolving in many different forms. Among them, the most popular are Online Desk Research, Social Research \/ Social Listening and Platform Data Analytics.<\/p>\n

\"market<\/strong><\/p>\n

Recommendations for e-commerce businesses in Vietnam<\/strong><\/h3>\n

Implementing market research not only solves immediate business problems but also aims at many long-term values \u200b\u200bfor businesses such as understanding the market and building brand positioning. In terms of efficiency, market research also supports business planning and saves more cost in the testing stages (a step that can require a lot of marketing costs). Thus, e-commerce businesses should consider applying market research and choose the form that best suits their scale and goals.<\/p>\n

Some recommendations for e-commerce businesses in Vietnam to start paying attention to market research<\/p>\n