Market
research |
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Market
research Surveillance and investigation |
To properly devise a
market entry strategy, you have to understand the local market. Is your product really what people
need? Should you alter your product to
suit the local market? Is there enough
demand to justify your opening a local production facility? |
Many foreign investors make wild
assumptions about market potential in China.
While the cliché of 1.3 billion consumers is trotted out almost daily,
it grossly oversimplifies the nature of the Chinese market. Because of vast differences in income
levels and tastes, China should be split into many markets. Poor farmers in China’s Northwest, for
example, are unlikely to buy expensive consumer goods, but many foreign
investors seem to ignore this. |
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Failures to properly assess the market have
led to many mistaken investments.
Foreign investors have built factories with massive overcapacity, or
installed assembly lines for products that consumers and corporations in
China don’t need or don’t want. |
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Conducting proper market research before
entering the market is the key to developing an appropriate market entry
strategy. It allows investors to
choose the right market entry vehicle, tailor products to local markets, and locate
geographical and other target markets.
Even companies that have already made
investments in China can benefit from market research – it can help them to
rethink their strategies to improve their performance. |
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How
we can help Sinogie Consulting can conduct market
research projects to give you the information you need to develop your
corporate strategy in China. We offer
in-depth market research addressing both corporate and consumer markets. Our team of market research specialists can
cover every major city in Mainland China.
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Each market research report is tailor-made:
we can conduct anything from a telephone survey or street survey covering
thousands of respondents to a six-person focus group. We can provide both quantitative and qualitative
research projects. Our market research team can conduct
projects to examine issues such as product preferences, brand recognition,
effectiveness of advertising, purchasing methods, preferred sales outlets, price
points, and any other issue which will help you develop your products and
your sales strategy to maximise your profits.
As well as interviewing the people who make
up your target market, our policy
research unit can conduct interviews with government
officials, representatives of industry associations, and other individuals
who can give information on crucial aspects of government policy and other
issues which may affect your operations in China. |
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To develop an even more in-depth
understanding of market conditions, clients can combine information from our
market research with our industry
reports, which contain information on potential rivals,
government policies and plans, market growth, and other issues. |
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For more information on how Sinogie’s
market research services can help you, please e-mail us, or call our Sydney sales office on +61 2 8705 5435. |
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