Market research analysts collect the information gathered in the market research and study it to draw conclusions. They define the potential customers of a product, the target group and the way they can be reached. Market research analysts analyse the position of products in the market from different perspectives such as features, prices and competitors. They analyse cross selling and interdependencies between different products and their placement. Market research analysts prepare information helpful for the development of marketing strategies.

Tasks

Tasks include -
(a) Planning, developing and organizing advertising policies and campaigns to support sales objectives;
(b) Advising managers and clients on strategies and campaigns to reach target markets, creating consumer awareness and effectively promoting the attributes of goods and services;
(c) Writing advertising copy and media scripts, and arranging television and film production and media placement;
(d) Collecting and analysing data regarding consumer patterns and preferences;
(e) Interpreting and predicting current and future consumer trends;
(f) Researching potential demand and market characteristics for new goods and services;
(g) Supporting business growth and development through the preparation and execution of marketing objectives, policies and programmes;
(h) Commissioning and undertaking market research to identify market opportunities for new and existing goods and services;
(i) Advising on all elements of marketing such as product mix, pricing, advertising and sales promotion, selling and distribution channels.