An advertising campaign can get pretty expensive. Not all advertising efforts will yield desired results either. Marketers are spoiled for choices when it comes to advertising options. The challenge lies in determining which approaches are worth the money. Here’s where the types of advertising research come into play.
This guide contains information you need about the types of advertising research and how they can impact your marketing campaign. Let’s begin.
What is Advertising Research?
Advertising research is the process of determining the efficacy of a particular advertising method. The information derived from market research will help the brand target the right group for their advertisements.
Why is Advertising Research Important?
Advertising research is vital to any business. It focuses on how consumers perceive advertisements, how they feel about the product, and how likely they are to purchase it.
Advertisements are a significant source of income for many businesses. Research is essential because it helps increase advertisement volume and quality.
Marketing research is specifically helpful for measuring and improving advertising effectiveness. Researchers gather and analyze information to determine advertising strategies, advertising campaigns, and media to help develop or evaluate strategies or media.
Advertising research aims to:
- Increase product awareness
- Change customer perception
- Establish a buying tendency
Types of Advertising Research
There are two main types of advertising research. Each type achieves a different goal.
Customized research is more in-depth and tailored toward the needs of a particular industry or business. Every sector has customized research so that business owners can learn more about their competition.
Customized research includes interviewing people in your industry, doing market research, conducting benchmarks, and many more. The main idea behind personalized research is that it is more accurate, effective, and efficient than random research.
This information gathered from customized research is available only to the client who requested the study.
The SGT Company asks the CTV company to evaluate the effectiveness of an ABC energy drink advertisement. Only the SGT Company can view the results of the study. Results of the study cannot be sold or published without permission from the SGT company.
On the other hand, syndicated research is performed independently (without being hired). Independent researchers can sell the results of the study to various clients.
The CTV company researches the ABC energy drink advertisement. The CTV company can sell the results to any client.
Advantages of Advertising Research
Advertising research allows marketers to compare different approaches to determine which approach resonates most with the target audience.
Better Audience and Platform Targeting
Advertising research also allows marketers to determine the best medium and timing to show ads. Different platforms have different user preferences. People on YouTube are more likely to respond to video ads, while users on Facebook prefer image ads embedded in their feed.
Tracking KPIs such as brand awareness, purchase intent, and brand image over a period will help you gauge how your campaign is doing. It will also help you determine if interventions are necessary.
Brand Image Assessment
Advertising research lets you compare your brand against competitors. It also shows how your audience perceives your brand in contrast to your competitors. It is vital to improve your brand image or change how target audiences view your brand.
Increase Chances of Ad Success
The information gathered from advertising research will enable you to create ads relevant to your audience base. It significantly increases the likelihood of a conversion.
Understanding the different types of advertising research and their benefits will not only help you maximize your advertising efforts. It will also help you understand how research works. It is a task that every researcher must master. Never skip the basics.
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