2. What is a marketing trend?
An observed movement in sales, production, or other results that affect the market. Marketing
trends often precede making market predictions.
3. Why do we need marketing trends?
Marketing trends are useful in
understanding the future of a market based
on past patterns.
They can help determine future
investments for success.
Sometimes marketing trends show
consumer behavior in relation to particular
marketing strategies.
4. How to find marketing trends
1. Determine the market
2. Define a research strategy
3. Perform research
4. Analyze data
5. Find and evaluate trends
5. 1. Determine the market
Ask yourself what information you are
specifically looking for.
Establish clear guidelines regarding what
your market entails to clearly capture the
most relevant results.
Focus on aspects that will be most
important to your research.
6. 2. Define a research strategy
Decide what sources you will use for research.
Choose sources that you know will provide the
most and most useful information.
Certain online resources may be more helpful
for consumer or business information.
Determining your research strategy early on
will save time and money through the process.
7. 3. Perform research
Using your research strategy, gather data from your
resources.
If you still don’t have enough information, or would
like more personalized results, consider performing
surveys or focus groups.
Carefully compile all of your data.
8. 4. Analyze data
Go through all of your compiled data.
Run data through analytic software or
hire an analyst to break down the numbers
for you.
9. 5. Find and evaluate trends
Use results from analytics to find market
trends.
Some trends will be more difficult to decipher,
but they may still be useful to your research.
Identify trends that involve your company
goals.
Use trends to inform your future investment
decisions.
10. Other resources
If you are interested in learning more about finding market trends, check out
these other sites.
http://www.sprintmarketing.com/finding-market-trends/
http://blog.hubspot.com/blog/tabid/6307/bid/32206/An-Uncomplicated-Approach-toConducting-Solid-Market-Research.aspx
http://marketresearch.about.com/od/market.research.advertising/a/Trends-In-MarketResearch.htm