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Market Research Plan

1) Identifying the Research Problem and Objective-
Problem: Client is losing market share in expert
  referral sale segment due to huge marketing
  carried out by the competition.
Objective:
• To gain market share and to be the most
  dominant player in hair care division.
• To study the consumer as well as customer
  behavior (Salon Owner) for hair care category.

1/19/2013        By Ankita Awasthi and Lakhan Muniyal   1
Market Research Plan

2) Sampling type:
• Cluster (Area) Sampling - The population will be
  divided into mutually exclusive groups (such as
  blocks), and thereafter draws a sample of the
  groups for survey.
• Sample Size: 30




1/19/2013         By Ankita Awasthi and Lakhan Muniyal   2
Market Research Plan

3) Collection of Data
• Qualitative Data Collection method will be
  adopted. In this both Primary and Secondary
  research methods will be used.
• Primary Data: Survey (Questionnaire for
  Customer/Salon Owners and Consumers)
• Secondary Data: Internet, L’Oreal annual report,
  Client report etc.

1/19/2013         By Ankita Awasthi and Lakhan Muniyal   3
Market Research Plan


4) Analysis of the data collected

5) Interpret the findings

6) Preparation of Report




1/19/2013          By Ankita Awasthi and Lakhan Muniyal   4
Project Execution Plan

                     KEY MILESTONES                           DURATION
  S.NO


     1      Study the Consumer Behavior- in 12 Days
            order to get some insight of
            them about hair care category
     2      Study the Customer Behavior     12 Days
            (Salon Owners)
     3      Preparation of Report                             6 Days


1/19/2013              By Ankita Awasthi and Lakhan Muniyal              5
Market Research Questionnaire

• For Consumer
1) Which brand of hair care product you buy?
   a) L’Oreal b) Godrej c) Garnier d)Himalaya
   e)Matrix
2) Which factor you look into when you buy hair
   care product?
    a) Price b) Brand c) Features d) Packaging
   e)Any other

1/19/2013          By Ankita Awasthi and Lakhan Muniyal   6
Market Research Questionnaire

3) Whom do you refer to purchase hair care
    products?
    a) Shopkeeper, b) TV , c) Friends, d) Google
    Review e) Expert ( Barber)

4) Any specific attribute you look into when you buy
  hair care product?
  a) Vitamins b) Intense Smoothing c) silky
  d) dandruff free e) Any other please specify


1/19/2013           By Ankita Awasthi and Lakhan Muniyal   7
Market Research Questionnaire

• For Customer ( Salon Owner)
1) Which brand of hair care product do you have in
   your salon?
   a) L’Oreal b) Godrej c) Garnier d) Matrix
   e) Any other…..

2) Why that particular brand?
   a) Trade discount b) Consumer want
  c) Competition d) Affordable price e) Any other

1/19/2013          By Ankita Awasthi and Lakhan Muniyal   8
Market Research Questionnaire

3) What category of product consumer buy the
    most?
    a) Hair Care b) Skin Care c) Body care
    d) fragrance

4) What is the buying preference of consumer for
  hair care?
   a) Reference of Barber b) Reference of the Salon
  owner c) Existing brand d) Excitement within
  store e) Any other

1/19/2013           By Ankita Awasthi and Lakhan Muniyal   9
Recommendation to gain market share

1) To eliminate middlemen from the distribution
   channel to shift that financial benefit to the
   salon owners and also give a professional
   training to salon owners as well as barbers to
   market client’s brand.
2) To make little bit changes in product by adding
   extra attributes like vitamins, intense
   smoothing, removes sign of hair damage etc
3) To open exclusive salon for increasing visibility of
   client’s brand.
1/19/2013             By Ankita Awasthi and Lakhan Muniyal   10

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Approach plan

  • 1. Market Research Plan 1) Identifying the Research Problem and Objective- Problem: Client is losing market share in expert referral sale segment due to huge marketing carried out by the competition. Objective: • To gain market share and to be the most dominant player in hair care division. • To study the consumer as well as customer behavior (Salon Owner) for hair care category. 1/19/2013 By Ankita Awasthi and Lakhan Muniyal 1
  • 2. Market Research Plan 2) Sampling type: • Cluster (Area) Sampling - The population will be divided into mutually exclusive groups (such as blocks), and thereafter draws a sample of the groups for survey. • Sample Size: 30 1/19/2013 By Ankita Awasthi and Lakhan Muniyal 2
  • 3. Market Research Plan 3) Collection of Data • Qualitative Data Collection method will be adopted. In this both Primary and Secondary research methods will be used. • Primary Data: Survey (Questionnaire for Customer/Salon Owners and Consumers) • Secondary Data: Internet, L’Oreal annual report, Client report etc. 1/19/2013 By Ankita Awasthi and Lakhan Muniyal 3
  • 4. Market Research Plan 4) Analysis of the data collected 5) Interpret the findings 6) Preparation of Report 1/19/2013 By Ankita Awasthi and Lakhan Muniyal 4
  • 5. Project Execution Plan KEY MILESTONES DURATION S.NO 1 Study the Consumer Behavior- in 12 Days order to get some insight of them about hair care category 2 Study the Customer Behavior 12 Days (Salon Owners) 3 Preparation of Report 6 Days 1/19/2013 By Ankita Awasthi and Lakhan Muniyal 5
  • 6. Market Research Questionnaire • For Consumer 1) Which brand of hair care product you buy? a) L’Oreal b) Godrej c) Garnier d)Himalaya e)Matrix 2) Which factor you look into when you buy hair care product? a) Price b) Brand c) Features d) Packaging e)Any other 1/19/2013 By Ankita Awasthi and Lakhan Muniyal 6
  • 7. Market Research Questionnaire 3) Whom do you refer to purchase hair care products? a) Shopkeeper, b) TV , c) Friends, d) Google Review e) Expert ( Barber) 4) Any specific attribute you look into when you buy hair care product? a) Vitamins b) Intense Smoothing c) silky d) dandruff free e) Any other please specify 1/19/2013 By Ankita Awasthi and Lakhan Muniyal 7
  • 8. Market Research Questionnaire • For Customer ( Salon Owner) 1) Which brand of hair care product do you have in your salon? a) L’Oreal b) Godrej c) Garnier d) Matrix e) Any other….. 2) Why that particular brand? a) Trade discount b) Consumer want c) Competition d) Affordable price e) Any other 1/19/2013 By Ankita Awasthi and Lakhan Muniyal 8
  • 9. Market Research Questionnaire 3) What category of product consumer buy the most? a) Hair Care b) Skin Care c) Body care d) fragrance 4) What is the buying preference of consumer for hair care? a) Reference of Barber b) Reference of the Salon owner c) Existing brand d) Excitement within store e) Any other 1/19/2013 By Ankita Awasthi and Lakhan Muniyal 9
  • 10. Recommendation to gain market share 1) To eliminate middlemen from the distribution channel to shift that financial benefit to the salon owners and also give a professional training to salon owners as well as barbers to market client’s brand. 2) To make little bit changes in product by adding extra attributes like vitamins, intense smoothing, removes sign of hair damage etc 3) To open exclusive salon for increasing visibility of client’s brand. 1/19/2013 By Ankita Awasthi and Lakhan Muniyal 10