Market Research

When you are writing copy, you are writing to a specific group of people. This has been referred to as “your one reader”, “one true fan”, or “dream customer.”

Remember: you are writing text that could be viewed by a million different people, but it gets read one person at a time. It’s important you know who you’re writing to.

You’ve most likely heard the term “avatar” which refers to the perfect representation of your ideal customer.

PROMPT:

“I need to better understand my customer to understand how they see themselves, and therefore the role my product plays in their life. Given that my ideal customer has the job title of [add this here if you’re B2B] and the demographics of [describe your dream customer], with additional life or business information of [add more information about who they are], act as them and tell me about yourself. Introduce yourself, describe your biggest problems, describe your biggest goals. These should be facts about decisions that people like you also make. As well as this, give me 5 statistics (quoting the sources) that would entice this customer to buy my product.”

THE 3 CORE MARKETS/DESIRES

The three desires (in no particular order) are health, wealth, and relationships. When people purchase any product from anyone, they’re hoping to get a certain result in one of these three areas of their lives.

The first question you need to answer is this:

Which of these three desires is my future dream customer trying to receive when they buy my product or service? This is the first layer to getting inside the mind of your dream customer, and for most people the answer is pretty simple. However, sometimes people get stuck on this question for one of two reasons.

Reason #1 — Your product fits into more than one of these desires:

Many products can be marketed toward getting a result in more than one of these desires, but your marketing message can only focus on one of them. To target two different desires, you need two different ads leading to two different funnels. Only focus on one desire with each message you put into the market.

Reason #2 — Your product doesn’t fit into any of these desires.

Most products can fit into multiple categories, even if they may look as if they don’t fit into any category at all, but no matter what, the key is that your marketing message can and must be focused on only one of the 3 Core Desires.

EXERCISE:

For this exercise, write down at least a dozen things that your potential future customers are saying or thinking as they’re trying to move away from pain. I’m always looking for the questions and statements that people in my market are saying as they try to move out of their pain.

Moving Toward Pleasure: The second direction that people can be moving in is toward pleasure. They don’t have a desire for health, wealth, or relationships because they are unhappy; they have a desire because they are happy and looking for more. Let me show you a few examples of moving toward pleasure for each desire.

Write down at least a dozen phrases that people in your client's market who are moving toward pleasure may have running on their head.

Become educated about the questions people who are potentially in your target niche are asking. Then, use these questions to create content, headlines, social media content, sales letters, and other material.

Let's explore an example with how to do it in Real Estate Flipping.

Popular Products

This is like “funnel hacking” or “audience hacking”. What do you look at in an existing product?

• If it’s a book, look at the table of contents.
• Look at the chapters and see what they are about.
• Look at the index for keywords, terms, or maybe things you never thought about.
• You can look at sales copy for offers on people’s funnels and websites.
• You can also look at feedback because that will show you how the market responds.
• The five stars on Amazon will say, “this is awesome”.
• Look at the one stars to see what people are complaining about.

What these come down to and what you need to focus on in your copy is what people really want.

Social Media

Another way is to just ask people on Facebook a question. Personally, I think this is one of the smartest things that you can do.

• Ask in a group.
• Ask on a page.
• Ask on your profile page.

People will tell you their concerns, questions, and roadblocks. A fun way to get people to answer questions is to use a little meme as part of your post on social media to attract attention.

You can also analyze comments on social media and blogs to gather feedback that sheds light on public perceptions and engagement with your brand. 

Avoid oversimplifying or deviating from your audience's original language. Authentic diction can significantly enhance the connection and persuasive power of your sales page.

Your Client's Help Desk

If you don’t have one, you should if you’re selling anything to anyone. Your help desk is a great place to look for the problems, questions, and roadblocks. You can get million-dollar product ideas out of your help desk.

• You see trends as well as specific questions.
• You may notice that five people had the same issue in the last two weeks. If so, you have a new product idea.

Could you provide access to your support ticket system, or could you share relevant data extracts with us? This information is critical for us to tailor our copy effectively to your needs.

Answer Sites like Quora and Answers.yahoo.com

Sites like these are great places to look for questions people ask, especially if you’re not in the market to teach people the latest and greatest techniques for selling stuff on Instagram.

Analyze Customer Feedback

Amazon reviews are a rich source of direct feedback. Read across the spectrum:

• Five-star reviews to understand what excites customers.
• Two to four-star reviews often provide the most balanced insights into what's missing and what could be improved.
• One-star reviews to learn what disappoints or angers them.

Funnel Hacking

Observe and analyze what is already working in your market. This isn't about copying but about understanding successful strategies and adapting their essence to your unique context.

Look at how similar products or services are marketed. Analyze the sales copy, the structure of the offers, and the promises made.

Forums

Forums are still alive and well on the worldwide web. Don’t discount or ignore finding forums with specific members of your target audience.

• Mine these for problems, questions, roadblocks, and the results they seek.

Delve into forums like Product Hunt and Hacker News to gather insights on user preferences and criticisms, refining your value proposition and messaging accordingly.

Keyword and Trend Analysis

Use Google and other SEO tools to understand what potential customers are searching for, the language they use, and the content they consume.

• Search for your keyword, plus the word FAQ, mistakes, questions, or top 10.
• You will get a ton of information that can help you.
• Look at the top results to see what questions people ask.

MORE WAYS TO GATHER INSIGHTS

Voice of the Customer Surveys

Surveys are a vital tool for delving into the voice of the customer (VoC), providing direct insights into their thoughts, problems, and preferences. By creating well-structured questions, we can uncover valuable information that will guide our strategic adjustments across marketing, product development, and overall business strategy to cater to your target audience's needs more effectively. to gather comprehensive data on customer preferences and challenges.

#1. Craft effective survey questions. The design of the survey is paramount. By ensuring the questions are direct and encompass various aspects related to your audience's needs and expectations, we can gather data that is both rich and actionable.

We are often members of our target audience either currently or in the past.

• What are your problems?
• What are your questions?
• What are your roadblocks?
• What are the results you desire?

#2. Choose an appropriate survey platform. Opt for a user-friendly survey tool like Survicate.

survicate (ai powered surveys)

Reach actionable insights sooner with AI-powered surveys and analysis.

SURVICATE allows you to create AI-powered surveys for real user insights.
Create surveys in seconds and analyze results without drowning in data.
Skip the tedious work, reach insights sooner.

Get instant insights without manual analysis:

• AI automatically groups and summarizes survey responses
• Quickly identify feedback topics without reviewing each response
• Access rich insights from open-ended questions effortlessly
• Make informed decisions faster using organized feedback

Transform ideas into surveys swiftly with AI:

• Generate ready-to-launch surveys in 25 seconds by describing your goal
• AI selects the appropriate question types for you
• Launch spot-on surveys effortlessly to improve feedback quality
• Let AI create custom surveys from any idea you have

Discover your ideal survey template instantly:

• AI suggests the best template for your specific use case
• Receive tailored survey template suggestions based on your role and objectives
• Accelerate feedback collection with customizable templates crafted by experts
• Ask precise questions, even if you're new to surveying

The choice of platform can significantly affect the response rate and quality of data collected.

#3. Share the survey through the most effective channels for reaching your target audience. We will identify and utilize the channels – be it email, social media, or your website – where your target audience is most active and receptive.

Distribution strategy plays a critical role in maximizing response rates.

#4. Export, categorize, and analyze survey data to identify key themes and insights. This step involves a detailed look at individual feedback to categorize them by pertinent themes or concerns, facilitating a more targeted approach in subsequent strategic developments.

Once responses are collected, our focus will shift to dissecting the data for actionable intelligence. We'll employ analytical tools and methodologies to pinpoint common challenges, preferences, and trends among your audience.

#5. Refine strategies based on VoC data. Use the insights from the surveys to enhance your products, services, and marketing strategies, thereby better meeting audience needs.

The insights derived from the survey will directly inform enhancements to your offerings and marketing communications. By addressing common pain points and tailoring your messages to reflect the language and concerns of your target audience, we can improve engagement and satisfaction. This will also guide adjustments in product development, ensuring new features or services are in line with customer expectations and desires.

To proceed with the survey analysis and strategic application of insights, we'll need your confirmation on the survey questions and the preferred distribution channels. Additionally, please let us know if there are specific segments of your audience you're particularly interested in hearing more from.

Prepare all research materials beforehand using a mise en place approach. Ensure all necessary information is pre-organized for a smoother writing process, allowing for thorough and well-supported arguments on the sales page.

Tag every piece of research with relevant keywords for easy access. Proper organization of research aids in structuring content effectively and maintaining cohesive messaging throughout the page.

Ensure all information is organized and accessible for efficient utilization in crafting tailored messages.

You can use a chart similar to the one below:

Consider creating separate tabs for extensive data. For projects with large volumes of information, compartmentalizing data simplifies management and focuses on each segment of the argument.

Analyze charts effortlessly with a powerful and educational solution

Chart Analyst (Requires ChatGPT Plus)
Analyze charts instantly. Paste or upload an image, add indicators, and learn. Not financial advice, for educational use only!

Osum stands out as a robust tool offering immediate, in-depth market research reports for any product or business. Whether for emerging companies, products, or market trends, Osum delivers valuable insights to streamline your research and analysis efforts, empowering well-informed decision-making.

Osum aids in your growth journey by furnishing insights into competitors, customers, opportunities, and strategies. Simply conduct a search with Osum and receive a comprehensive market research report within seconds.

Get comprehensive reports on:

• Competitive research
• SWOT analysis
• Buyer personas
• Growth opportunities
• and additional insights for any product or business with just the click of a button.

This enables you to prioritize strategy and execution while saving valuable time.

Who stands to gain the greatest advantage from Osum?

Osum caters to individuals and professionals aiming to maintain a competitive edge in today's swiftly changing market landscape, enabling them to make well-informed decisions and spot emerging trends and disruptive opportunities to seize a larger market share.

This encompasses investors, entrepreneurs, business owners, marketers, and anyone seeking to deepen their understanding of customers and exploit market gaps. Additionally, businesses, agencies, small teams, consultants, and freelancers can utilize Osum to streamline market research efforts and devote more attention to strategy and execution.

Generate In-Depth Business & Product Research Reports
Diving deep into synthesizing every aspect of business product research from design to utility and analyzing consumer reactions can facilitate the crafting of effective actionable strategies that DemandGen found could lead to a 175% increase in revenue, 10% increase in leads, and 72% faster lead conversion.

Get A Full SWOT Analysis of Any Business or Product In Seconds
Evaluating internal Strengths, Weaknesses, and external Opportunities and Threats through a SWOT Analysis can serve as a catalyst for informed strategic planning, reflecting Demand Metric's insight that SWOT-informed content marketing strategies led to a 20% increase in average ROI.

Sales Prospect Profiler
Creating actionable profiles for sales prospects through Sales Prospect Profiler by combining demographic data with behavioral and psychographic insights can enrich persona-driven demand generation, aligning with Cintell's observation that companies exceeding lead and revenue goals are 4x as likely to engage in such strategies.

Get To Know Your Buyer Personas
Uncover the demographics, personality types, and professional interests of your target audience, a methodology which, according to ITSMA, led 90% of companies simulating customers to achieve a more precise understanding of their ideal buyer profiles.

Uncover New Market Opportunities
Exploring untapped market segments, potential areas for expansion or diversification and identifying unique selling propositions through Market Opportunities can align with MarketingSherpa's insight that companies addressing revealed customer needs drove a 171% in marketing-generated revenue.

Is Osum suitable for any industry?

Yes, Osum is suitable for any industry. The AI-powered expert analysis covers a wide range of sectors and markets, helping you to identify trends and opportunities across various fields. As new opportunities emerge, Osum adapts to deliver insights relevant to your interests and needs.

How can Osum transform my product or business?

1. Osum, an innovative AI-powered platform, revolutionizes business growth by analyzing your product or business and creating detailed customer profiles. It guides improvements in marketing and sales strategies to increase leads and conversions.
2. With advanced market research capabilities, Osum provides comprehensive reports on market size, trends, and growth opportunities, along with tailored recommendations.
3. Osum delves into customer psychology, helping enhance product appeal and loyalty by addressing core needs and desires.
4. It facilitates testing and validating business ideas through competitor analysis and market gap insights, advising potential paths based on current trends.
5. Osum streamlines product development by highlighting strengths and weaknesses, suggesting enhancements aligned with industry opportunities.
6. By drastically reducing research time to seconds while enhancing insights, Osum enables superior marketing and sales strategies, helping businesses stand out in competitive markets.
7. Try Osum with a 7-day free trial, with the option to cancel anytime.