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How to Conduct Primary Market Research for Your Small Business

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❶Such researches are perfect for conducting primary researches as first hand data needs to be collected and the research cannot rely on past and already published researches. Talking about the advantages, secondary research does not require a lot of time like primary research.

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The biggest of the studies included 135 overweight individuals, which were split into two groups (7): Treatment group: 1 gram of Garcinia Cambogia Extract, 3 times per day, taken 30 minutes before meals. Placebo group: The other group took dummy pills (placebo).

Both groups also went on a high-fiber, low calorie diet.

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Primary research involves the collection of original data that addresses a specific research question. Distinguishing between primary and secondary research can be .

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But if you get hundreds or thousands of results, there are a few different techniques to try to focus your search on primary research articles, Add the keywords " this study " or " a study " to your search along with your other keywords.

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Performing Primary Market Research. Although a professional research company can perform primary market research, it is cheaper for a business to conduct its own study. The cost of paying a professional company usually ranges anywhere from $3, to $25,, depending on . Primary research gives you a lot of specific results. For example, a focus group would be asked specific questions (that you help design) so the information is very targeted to your needs. Also, the research firm would use statistical models to come up with a sample group that is representative of your target audiences, making it very relevant to your business needs.

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After exploring in details the topics of primary and secondary market research techniques, this article focuses on the comparison of both types of market research. We will first gain 1) an insight into primary and secondary market research, and explore then the benefits and disadvantages of both types of research when choosing to perform 2) primary or secondary market research. On the other hand, when looking into how to do primary research for dissertation, the researcher should be aware of the high costs involved in the process of gathering primary data. Thus, if the researcher is on a low or a limited budget, conducting primary research is not recommended.