To different people, market research sometimes can mean different things. However, the idea is fairly direct and straightforward. One wants to get a reading on what the current market is looking for and what it is that has them interested and excited. Knowing this of course allows one to try and target those needs as best they might. One will want to get a good read on the public buying patterns and also find out if they are referring to an item that one sells by any other terminology. If this is so, it is vital to know so that any marketing efforts will speak to the public using that current language that will quickly resonate with them. Using terminology that was once popular but is now outdated will not get it done today.
Targeted Advertising is pretty much exactly what it sounds like. What one is doing and wants to do is to direct the advertising at those folks who have indicated they have an interest in the product. It is a relatively common sense issue. If one is selling products to secure false teeth, they do not want to be targeting teenagers. By the same token, if one is pushing equipment used by high school sports teams, the target should not be the senior citizen community. One must make all determinations necessary to get the intended message in front of the proper audience as best they possibly can.
Consumer feedback is exactly that. It is what people are saying in regard to the ads they are seeing. That reaction is so important because if it is a positive one, efforts should be made to increase and emphasize the ads. By the same token if it is a negative one either the ads should be pulled entirely, or if not, adjusted to compensate for whatever is turning people off. To get the maximum out of one's marketing, a combination of all of these factors is so important. And also, simply making the commitment to be flexible enough to go in the directions it appears the public wishes to head and not be stubborn insisting your original direction is the only way to proceed.
