Tag: african market research
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Mistakes companies make while doing qualitative research
Qualitative research is a prevalent and reliable form of research, and focus groups are among the most widely used methods. Despite being a popular research technique, there are several mistakes companies make while doing qualitative research. When conducting in-person, virtual, or phone interviews, you can have open-ended discussions with participants. This will help you to…
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How to conduct qualitative research for consumer companies in Africa
In the business world, consumer companies are always looking for ways to better understand their target markets. This is especially true in Africa, where there is a growing middle class with more spending power. Qualitative research for consumer companies has proven to be a way that companies can learn about African consumers and their needs.…
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4 tips for first-time marketing managers in Africa
Marketing is one of the main strategies that businesses use to grow. As the business ecosystem continues to grow, so does the number of marketing managers in Africa. Some are experienced in the field, while others are pretty new. Both classes of professionals, however, have the same market to serve. As a first-time marketing manager,…
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How to win in Africa despite the global inflation
In recent memory, Africa has been facing one of the most challenging economic environments: a slow recovery from the pandemic, rising food and energy prices, and high public debt levels. One of the most pressing issues confronting the region is the need to combat decade-long high inflation, which is wreaking havoc on income and food…
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Top 5 things you need to know about market research in Africa
In recent years, Africa has received much attention in terms of investment. This is due to the abundance of resources that can be converted into lucrative sources of income. Furthermore, the African consumer market has a diverse untapped potential. The needs and demands of the population in Africa can be turned into profitable investments with…
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How to succeed in Africa with customer insight
Some major businesses that lost a significant portion of their market share suffered a common setback: they remained static while their customers moved on. Companies must identify their customer segment and establish actionable customer insight in a constantly changing world where technology shapes most businesses. Customer insight is the core human truth or emotion that…
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How to leverage consumer insights
At its core, leveraging consumer insights allows your company to see into the hearts and minds of current and prospective customers. Using consumer insights allows you to get a pulse on your target audience, and if used correctly, these insights can help smooth the customer experience, increase sales, and even pave the way to new…
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What is brand health, and how to measure it?
I’m sure you agree that a strong brand is critical to the success of a business. It increases sales, attracts talent, and provides free publicity. So, how is your brand doing? Is anyone aware of it? What do they think about it? What is your brand known for? How does it compare to competitors? How…
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Customer segmentation vs market segmentation
When it comes to creating consumer segmentation, there are two options: customer segmentation and market segmentation. Both serve distinct functions. So, if the idea of segmentation appeals to you, the first question you must answer is: what is your goal? Customer and target market segmentation is a hot topic for marketers today. In this article,…
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Best African countries for entrepreneurs in 2023: Top 10 rankings
As we approach the end of the year 2022 and the start of the New Year 2023, it is not too early for entrepreneurs to start thinking about the best markets for them. While some may want to wait until next year to plan their next venture(s), you can be steps ahead by identifying the…