5 minutes to read. By author Michaela Mora on January 25, 2022 Topics: Relevant Methods & Tips, Business Strategy, Market Research
Secondary research is based on data already collected for purposes other than the specific problem you have. Secondary research is usually part of exploratory market research designs.
The connection between the specific purpose that originates the research is what differentiates secondary research from primary research. Primary research is designed to address specific problems. However, analysis of available secondary data should be a prerequisite to the collection of primary data.
Secondary data can be faster and cheaper to obtain, depending on the sources you use.
Secondary research can help to:
The usefulness of secondary research tends to be limited often for two main reasons:
Secondary research rarely provides all the answers you need. The objectives and methodology used to collect the secondary data may not be appropriate for the problem at hand.
Given that it was designed to find answers to a different problem than yours, you will likely find gaps in answers to your problem. Furthermore, the data collection methods used may not provide the data type needed to support the business decisions you have to make (e.g., qualitative research methods are not appropriate for go/no-go decisions).
Secondary data may be incomplete and lack accuracy depending on;
Before taking the information at face value, you should conduct a thorough evaluation of the secondary data you find using the following criteria:
Compared to primary research, the collection of secondary data can be faster and cheaper to obtain, depending on the sources you use.
Secondary data can come from internal or external sources.
Internal sources of secondary data include ready-to-use data or data that requires further processing available in internal management support systems your company may be using (e.g., invoices, sales transactions, Google Analytics for your website, etc.).
Prior primary qualitative and quantitative research conducted by the company are also common sources of secondary data. They often generate more questions and help formulate new primary research needed.
However, if there are no internal data collection systems yet or prior research, you probably won’t have much usable secondary data at your disposal.
External sources of secondary data include:
Published materials can be classified as:
In many industries across a variety of topics, there are private and public databases that can bed accessed online or by downloading data for free, a fixed fee, or a subscription.
These databases can include bibliographic, numeric, full-text, directory, and special-purpose databases. Some public institutions make data collected through various methods, including surveys, available for others to analyze.
These services are offered by companies that collect and sell pools of data that have a commercial value and meet shared needs by a number of clients, even if the data is not collected for specific purposes those clients may have.
Syndicated services can be classified based on specific units of measurements (e.g., consumers, households, organizations, etc.).
The data collection methods for these data may include:
You can spend hours doing research on Google in search of external sources, but this is likely to yield limited insights. Books, articles journals, reports, blogs posts, and videos you may find online are usually analyses and summaries of data from a particular perspective. They may be useful and give you an indication of the type of data used, but they are not the actual data. Whenever possible, you should look at the actual raw data used to draw your own conclusion on its value for your research objectives. You should check professionally gathered secondary research.
Here are some external secondary data sources often used in market research that you may find useful as starting points in your research. Some are free, while others require payment.
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