Market Research - PocketHustle.com https://pockethustle.com Find Your Perfect Side Hustle And Start Making Extra Money Sun, 09 Apr 2023 11:11:17 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 https://pockethustle.com/wp-content/uploads/2023/02/cropped-pocket-fav-512-32x32.png Market Research - PocketHustle.com https://pockethustle.com 32 32 Build Marketing Into Your Product From The Start. https://pockethustle.com/build-marketing-into-your-product-from-the-start/ Wed, 08 Mar 2023 16:47:05 +0000 https://pockethustle.com/?p=4934 Whether you’re an established brand or a new startup, having a well-thought-out marketing strategy is essential to the success of your product. But what many companies don’t realize is that marketing doesn’t just happen after a product is built and launched. In order to maximize the potential of your product and its success, you need [...]

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Whether you’re an established brand or a new startup, having a well-thought-out marketing strategy is essential to the success of your product. But what many companies don’t realize is that marketing doesn’t just happen after a product is built and launched.

In order to maximize the potential of your product and its success, you need to start planning your marketing strategy before you even begin development. This is known as “building marketing into your product” and is a powerful tool for ensuring success.

Table of Contents

Build Marketing Into Your Product
Photo by Firmbee.com on Unsplash

What Does It Mean To Build Marketing Into Your Product?

Building marketing into your product means creating an inherently marketable product beyond a structured and planned promotional campaign. Meaning that you don’t have to rely on traditional marketing tactics like TV commercials, Digital or print campaigns; instead, you can let the product itself do all of the work. And your customers be your sales team.

When you build marketing into your product, you essentially create a product that sells itself.

But How Can This Be Done?

The first step in building marketing into your product is to define your target audience and find their pain points. Whom are you trying to reach with your product? What are their needs and wants? And what are the pain points that your product can solve for them? Knowing the answers to these questions will help you create a product that resonates with your audience.

Developing a Unique Selling Proposition (USP)

A USP makes your product stand out from the competition and explains why it should be chosen over its competitors. As part of this process, take time to research what other companies in your industry are doing, and ask yourself: what makes my product different from all of the others on the market? What features set it apart from its competitors? Why should someone choose my product over another? Once you can answer these questions, you will have a better understanding of how to make your product more attractive and appealing.

Your USP should be used as a guidepost throughout the entire development process so that it can be incorporated into every aspect of your product, including your marketing and support material.

Build and Promote Your Product Attributes.

Once you have a good understanding of your target market and a compelling USP, the next step is understanding and figuring out how to build it into your product development and marketing strategy.

There are numerous ways that you can build marketing into your product to help differentiate your product or service from its competitors. But each solution will be unique to you, your product and your customer needs. Here are some quick topline examples.

Recommended Reads:

Design Is a Competitive Advantage.

The design of your products can be an essential element that sets you apart from other businesses in the current market and gives you a competitive edge.

Dyson vacuums became successful through their innovative design and superior engineering. The company’s vacuums were designed to be more powerful, durable, and efficient than their competitors, allowing them to stand out in a crowded market. They also featured new technologies like cyclonic suction and HEPA filtration, which helped to make them more effective at cleaning. In addition, the company’s marketing strategy was also effective in highlighting the many benefits of their vacuums. This helped to create a loyal customer base and ensured the company’s success.

Usability Is You Brand.

Your products’ usability (UX) can be a major asset in today’s competitive market and can give you a decisive edge over your competitors.

The Apple iPhone has become a leader in the smartphone industry, offering a sleek design, intuitive user interface, and a variety of apps and services.

The Apple iPhone user experience is one of the best on the market and provides a competitive advantage to Apple. The user experience of the iPhone is intuitive, and user-friendly and offers a wide range of features and functionalities. Additionally, the iPhone’s hardware and software are designed to work seamlessly together, providing a smooth and seamless experience. The Apple iPhone user experience is one of the best on the market and is a major factor in the success of the iPhone.

Ownable Features Set.

A unique feature can be a major point of distinction and a great asset in today’s competitive market. These features can give you a competitive edge and help you stand out from the competition.

Amazon’s unique features, such as its almost unlimited product selection and Amazon Prime free two-day shipping, set it apart from any potential competitors and act as a barrier to entry. By offering a wide range of products and fast shipping, Amazon has created an unbeatable online shopping experience that is unmatched by any other retailer. Furthermore, Amazon’s Prime membership also gives customers access to exclusive discounts and other benefits, making it even more difficult for competitors to compete with Amazon.

Solve a Pain Point.

Solving a customer’s pain point can be a substantial competitive advantage for any business. By understanding the customer’s needs, problems, and frustrations, companies can develop products and services that directly address those issues and position them for long-term success. This could be anything from providing better customer service to developing innovative products that solve customer problems. By deeply understanding the customer’s pain points, businesses can create a competitive advantage that will differentiate them from their competitors.

Uber created a revolutionary solution to a major customer pain point: the need for reliable, convenient and safe transportation. Uber drastically improved customer convenience by allowing customers to order rides from anywhere using their mobile phones and allowing them to track their drivers in real-time.

Companies can achieve tremendous success by focusing on the customer’s pain points and providing solutions.

Customer Service Is Key.

Excellent customer service can be a powerful competitive advantage for businesses. By providing excellent customer service, companies can ensure that customers have a positive customer experience, giving them the incentive to return and recommend the business to others. Businesses prioritizing customer service tend to have higher customer loyalty and satisfaction levels, leading to more positive customer reviews and increased business growth.

A great example of a company providing outstanding customer service is Zappos, the online shoe and clothing retailer. Zappos has become a leader in the e-commerce industry by offering exceptional customer service and support. They offer a 365-day return policy, free shipping and returns, and 24/7 customer support. They even allow customers to call in and speak to a representative if they need assistance with an order. Zappos has succeeded in differentiating itself by providing excellent customer service and creating a positive customer experience. This has resulted in a loyal customer base and high levels of customer satisfaction.

Marketing As a Competitive Advantage

Although not an actual product, great marketing can be a competitive advantage for a business. A well-executed marketing strategy can help a business stand out from the competition, attract more customers and increase sales. It can also help to build a strong brand identity and loyalty among customers.

One example of marketing as the driving force behind success is Nike. Nike has used its marketing campaigns to create a strong brand identity and to communicate their core values to customers. They have used their campaigns to create an emotional connection with their customers, which has helped them become the leader in the sportswear market.

Some techniques, you can use to help push and communicate those unique attributes to your audience.

Now that you have figured out your target market and USP, let’s look at some techniques, you can use to help push and communicate those unique attributes to your audience.

  1. Utilize Viral marketing
    Viral marketing is a growth hacking technique that uses existing customers to promote a product or service. It works by creating content or offers that encourage customers to share the product with their friends or family, creating a “viral” effect that can rapidly increase the number of potential customers.

    For example, Dropbox used a referral program to offer customers additional storage space if they referred their friends to the service. This approach was extremely successful and helped Dropbox grow from a small startup to a globally recognized brand.

    Research has shown that techniques such as viral marketing can be highly effective for businesses. In one study, researchers found that viral marketing campaigns were able to drive up to 25% of customer acquisition for companies.

  2. Word-of-Mouth Recommendations

    Similar to viral marketing, Word-of-mouth recommendations are another powerful growth hacking strategy that businesses can use to increase their reach and visibility. This approach works by leveraging existing customers to spread the word about how great your product’s features are. This is the “Wow, you have to try this” approach, where a product or service feature you have built-in is so powerful that customers can’t stop talking about it. This has the added value of making the customer feel like they are helping a friend out by making their life easier or more productive.

    Word-of-mouth recommendations were found to be even more effective than viral marketing, with one study finding that up to 84% of customers were influenced by word-of-mouth referrals when making their purchase decisions.

  3. Provide an Excellent Customer Experience
    Providing an excellent customer experience is another great way to create word-of-mouth recommendations. Companies should strive to exceed customer expectations and create a positive experience that customers will want to share with their friends and family.

Some successful examples of “Build Marketing Into Your Product.”

Casper

A great example of the successful use of this strategy is that of Casper. This direct-to-consumer company achieved incredible growth in just ten months with a minimal advertising budget. Casper leveraged design and technology features to build marketing directly into their products and employed a unique social media strategy that included sleep-related content, quick response times, and gifting events, in addition to a high-quality product. All of these elements combined to encourage customers to share the brand organically.

“Getting customers to engage with Casper was a crucial part of the startup’s strategy from the beginning because we didn’t have the advertising budget to compete against the mattress giants.”

Philip Krim, co-founder of Casper

Slack

Slack is another great example of how a product can do all the work in terms of gaining traction and raising awareness. What sets Slack apart is its built-in virality, which encourages users to spread the word while they are using it. This creates a unique customer experience and helps drive word-of-mouth marketing, and you cannot use Slack without inviting others.

Shake Shack

In 2001, Shake Shack began as a small hot dog stand in New York City. Since then, it has become a global sensation, with 180 locations worldwide and growing. In order to compete against giants such as McDonald’s, which has 34,000 restaurants. Shake Shack didn’t compete with them at all; they used their product mix combined with a low-cost pricing strategy to create a new market space that resonated with millennials. They focused on core products like Thick Shakes and an almost 100% social strategy that together helped to drive viral word of mouth.

To Summarize:

Starting the marketing strategy process early and building marketing into your product is an important part of any successful business. By taking the time to understand what sets your company’s products apart from its competitors and then leveraging those differences through product integration, creative marketing and direct engagement with customers, businesses can ensure that their products stand out from the rest and get noticed by potential customers.

With a little effort and creativity upfront, any business can build effective marketing strategies into their products — and see real results!

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How To Make Money Online by Doing Online Surveys as a Side Hustle https://pockethustle.com/how-to-make-money-online-by-doing-online-surveys-as-a-side-hustle/ https://pockethustle.com/how-to-make-money-online-by-doing-online-surveys-as-a-side-hustle/#respond Sun, 22 Jan 2023 22:06:02 +0000 https://pockethustle.fyi/?p=2232 A Step by Step Beginners Guide to Earning Extra Income with an Online Survey Side Hustle.  Average Income: $0.50 to $5 per survey  Average Hours Per Month: 10h to 20h  Average Startup Costs: $0 Making money online $$$ with surveys is a popular and easy way to earn extra income on the side. With the rise of digital [...]

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A Step by Step Beginners Guide to Earning Extra Income with an Online Survey Side Hustle.

Average Income Average Income: $0.50 to $5 per survey

Average Hours Per Month Average Hours Per Month: 10h to 20h

Average Startup Costs Average Startup Costs: $0

Making money online $$$ with surveys is a popular and easy way to earn extra income on the side. With the rise of digital market research, companies are willing to pay for consumer opinions and feedback on their products and services with online surveys. 

In this guide, we will walk you through the process of making money online with surveys, including the necessary skills and qualifications, the start-up costs, and the process of finding legitimate survey opportunities. We will also provide tips on how to maximize your earnings and avoid scams.

Table of Contents

What Are Online Surveys?

An online Survey is a method of collecting data and feedback from a group of people (consumers) via the Internet. Surveys can be used for a variety of purposes, such as market research, product development, and customer satisfaction. 

Surveys typically involve a series of questions and may also include multiple-choice answers, open-ended responses, and rating scales.

What Are The Start-up Costs to Become an Online Survey Taker?

The start-up costs $$$ for getting started with online surveys are minimal. The main requirements are a computer or mobile device with internet access, and a valid Email address. 

There may be some survey sites that require you to have specific software or tools, but these are typically provided for free by the survey site.

A Step-by-Step Guide to Making Money Online with Surveys.

Here is a simple guide to making money $$$ online with surveys:

  1. Find reputable survey websites: Look for websites that pay for taking surveys, such as Swagbucks, Survey Junkie, and Vindale Research.
  2. Sign up: Create an account on the survey website of your choice and complete your profile to make sure you receive surveys that match your interests.
  3. Complete surveys: Look for available surveys and start taking them. Be honest and provide accurate information to increase your chances of being selected for more surveys in the future.
  4. Cash out: Once you reach the minimum payout amount, you can request payment through PayPal, gift cards, or other methods offered by the website.
  5. Repeat: Keep taking surveys regularly to make a consistent income.

Note: Keep in mind that taking surveys online will not make you rich, but it can be a good way to earn some extra cash in your free time.

Tips for Maximizing Your Earnings with Online Surveys.

  • Sign up for Multiple survey websites: The more survey websites you sign up for, the more opportunities $$$ you will have to take surveys and earn money.
  • Be honest and accurate: It is important to be honest and accurate when answering survey questions. This will help ensure that you are matched with relevant surveys and increase your chances of being selected for future surveys.
  • Be consistent: Consistently take surveys to maximize your earning potential. The more surveys you take, the more money you will make.
  • Take advantage of bonus opportunities: Look for bonus opportunities such as refer-a-friend programs, sweepstakes, and sign-up bonuses to increase your earnings.

How to Avoid Scams and Find Legitimate Online Survey Opportunities

Finding legitimate online survey opportunities is crucial for making money with online surveys. Here are some tips for avoiding scams and finding legitimate survey opportunities:

  • Research the survey website: Look for reviews and testimonials from other users to ensure that the survey website is legitimate.
  • Be wary of high-paying surveys: Be cautious of survey websites that promise high payouts for little work. These are often scams.
  • Avoid giving personal information: Be careful about giving out personal information, such as your Social Security number or credit card information. Legitimate survey websites will not ask for this information.
  • Check for certifications and memberships: Look for certifications and memberships from reputable organizations, such as the Better Business Bureau (BBB) or the Market Research Association (MRA).
  • Look for a privacy policy: A legitimate survey website will have a privacy policy that outlines how your information will be used and protected.

How Much Can You Make with an Online Survey Side Hustle?

The amount of money you can make with an online survey side hustle can vary depending on the number of surveys you take and the payouts offered by the survey website. 

On average, you can expect to make between $0.50 to $5 per survey. However, some surveys may pay more, while others may pay less.

How To make money online by doing Online surveys as a Side Hustle
Photo by Mimi Thian on Unsplash

5 Tips for Making Money with Online Surveys

  • Sign up for Multiple survey websites:  The more survey websites you sign up for, the more opportunities $$$$ you will have to take surveys and earn money.
  • Be honest and accurate: It is important to be honest and accurate when answering survey questions. This will help ensure that you are matched with relevant surveys and increase your chances of being selected for future surveys.
  • Be consistent: Consistently take surveys to maximize your earning potential. The more surveys you take, the more money you will make.
  • Take advantage of bonus opportunities: Look for bonus opportunities such as refer-a-friend programs, sweepstakes, and sign-up bonuses to increase your earnings.
  • Be patient: Earning money with online surveys takes time and patience. Be prepared to invest time and effort in order to see results.

Recommended Reads:

How to Market Yourself as an Online Survey Taker.

Marketing yourself as an online survey taker is not necessary as the survey companies will find you based on your profile and demographics. However, you can increase your chances of getting selected for more surveys by:

  • Keeping your profile up to date and providing accurate information.
  • Being responsive and completing surveys as soon as you receive them.
  • Participating in online survey communities and forums to stay informed about new survey opportunities.

In Conclusion

Making money online with surveys is a popular and easy way to earn extra income on the side. By following the steps outlined in this guide, you can put yourself on the path to success as an online survey taker. 

Remember to be honest and accurate, take advantage of bonus opportunities, and avoid scams to maximize your earnings.

Online Survey Resources

People Also Asked: Online Survey FAQs

Surveys can be a good side hustle for those who want to earn some extra cash in their free time. While they may not provide a full-time income, they can be a good way to earn some extra money by providing your opinions and feedback to market research companies.

Yes, it is possible to make money doing surveys online. Many market research companies offer paid surveys to individuals who are willing to provide their opinions and feedback on products and services. However, the amount of money you can make from surveys will vary depending on the company and the type of survey you are taking.

It is highly unlikely that you can make $100 a day from surveys alone. While some high-paying surveys may offer payouts of $50 or more, it is not feasible to complete enough surveys in a day to reach $100 in earnings.

Yes, it is possible to make $500 a month doing online surveys. However, this will require a significant amount of time and effort on your part. You will need to sign up for multiple survey companies and be willing to complete a large number of surveys each day.

Yes, it is possible to make $10 a day with surveys. This may require completing multiple surveys each day and signing up for multiple survey companies. However, this can be a good way to earn some extra cash in your free time.

It is highly unlikely that you can make $1,000 a week from surveys alone. While some high-paying surveys may offer payouts of $50 or more, it is not feasible to complete enough surveys in a week to reach $1,000 in earnings.

The top 5 paid survey websites vary depending on the region, but some popular options include:

Swagbucks
Survey Junkie
Vindale Research
Toluna
InboxDollars

The amount of money you can realistically make with surveys will vary depending on the company and the type of survey you are taking. On average, most survey takers earn between $1 and $5 per survey. However, some high-paying surveys may offer payouts of $50 or more.

The highest paying survey app will vary depending on the region and the type of survey being offered. Some popular options include:

Survey Junkie
Pinecone Research
Toluna
Swagbucks
Vindale Research

The amount of money you can make in a week doing surveys will depend on the number of surveys you are able to complete and the payout for each survey. On average, most survey takers earn between $50 and $100 per month, which equates to roughly $12.50 to $25 per week.

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