Project Submission
Timeline
Preliminary research
Week 1-2
Conduct quantitative research
Week 3-5
Conduct qualitative research
Week 6-9
Final report submission
Week 10
Name | Price | QTY | Subtotal |
---|---|---|---|
Item 1 Description of first item | $35.00 | 5 | $175.00 |
Item 2 Description of second item | $55.00 | $55.00 | |
Item 3 Description of third item | $200.00 | $200.00 |
Subtotal | $230.00 |
Discount | -$115.00 |
Tax | $23.00 |
Total | $138.00 |
Ethical considerations are very important in all types of research. Use this section to delineate the ways in which the research will abide by an ethical code in both methodology and practice. Among other possibilities, address factors such as confidentiality, data security, privacy, and consent of research participants.
This section can remain somewhat brief. Here, you can concede any potential or probable limitations of your research methods.
Although you have already addressed the likely outcomes of your findings previously in this research proposal, in this section you can expand upon the implications and potential benefits of your intended findings.
[Client.Company] agrees to pay [Sender.Company] 50% of the total project fee before beginning the project. The project will begin work once signatures are attained from both parties and 50% upfront payment is received by [Sender.Company] .
Once the project is completed, [Client.Company] is to send the remaining 50% payment amount due within 15 days after the final report is shared. Failure to send payment within the stipulated time period will result in a 10% late fee — this payment is to be made to the (Sender.Client) , unless the deadline for payment is agreed on a different date by both parties.
Any disputes arising from the agreement will be resolved based upon the laws and jurisdiction of [Sender.City] , [Sender.State] , [Sender.Country] .
Both parties agree that the contents and findings of the study will remain confidential, unless otherwise agreed upon. Confidential information is not information that is readily available to the public.
[Sender.Company] is not responsible for any damages arising from the case study unless there has been an error in the way the study was conducted.
[Client.Company] understands that there may be minor delays, not exceeding more than 2 weeks, depending on if the target audience of the study is quick (or not) to respond. Any delay and modifications in deadline will be communicated with [Client.Company] .
[Sender.Company] agrees to provide accurate and truthful information learned from the study. [Sender.Company] is not, however, responsible for the findings of the study. Nor is it liable for any damages arising out of the application of suggested solutions.
Please provide confirmation of agreeing to the terms of this agreement by signing the signature block below.
[Sender.FirstName] [Sender.LastName]
[Sender.Company]
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The importance of a market research proposal template.
As a market researcher, I understand the importance of creating a comprehensive and well-organized market research proposal. This document serves as a roadmap for our research process , outlining the objectives, methodology, and timeline for our project. However, creating a proposal from scratch can be time-consuming and challenging. That’s where a market research proposal template comes in. This template provides a structured framework for developing a thorough and professional proposal , saving time and ensuring that all necessary components are included. In this article, we will explore the key elements of a market research proposal template and discuss why it is an essential tool for any successful market research project.
Executive summary.
The purpose of this section is to provide a brief overview of the market research proposal. It should include the objectives of the research, the methodology that will be used, and the expected outcomes .
Example: In this market research proposal, we aim to investigate the buying behavior of millennials in the automobile industry. We will utilize a combination of surveys, focus groups, and data analysis to understand the preferences and decision-making process of this demographic. The expected outcome is to provide actionable insights for automobile companies to effectively target and appeal to millennials.
My advice on: The executive summary is a crucial part of the market research proposal as it sets the tone for the rest of the document. It should be concise yet informative, capturing the essence of the research project .
This section outlines the specific goals and objectives of the market research. It should clearly define what the research aims to achieve and how it will contribute to the organization’s strategies.
Example: The objectives of this market research include: 1. To identify the key factors influencing millennials’ purchasing decisions in the automobile industry. 2. To understand the perception of various automobile brands among millennials. 3. To determine the most effective marketing channels to reach millennials.
My advice on: When outlining the objectives, it is important to be specific and measurable. This will provide a clear direction for the research and allow for meaningful conclusions to be drawn.
This section details the approach and methods that will be used to conduct the market research. It should include a description of the research design , data collection techniques, and data analysis methods .
Example: The methodology will involve a combination of quantitative and qualitative research. Surveys will be conducted to gather numerical data on purchasing preferences and behaviors, while focus groups will provide in-depth insights into millennials’ attitudes towards different automobile brands. Data analysis will include statistical techniques to identify trends and patterns.
My advice on: When describing the methodology, it is important to justify the choice of methods and demonstrate their suitability for the research objectives . This will help to establish the credibility of the research approach .
This section provides a detailed timeline for the market research project. It should outline the key milestones and deliverables, as well as the estimated timeframes for each stage of the research.
Example: – Research planning and design: 1 month – Survey administration: 2 weeks – Focus group discussions: 3 weeks – Data analysis and report writing : 1 month
My advice on: The timeline should be realistic and achievable, taking into account any potential obstacles or delays. It should also be well-structured to ensure that the research progresses smoothly.
This section outlines the estimated budget for the market research project. It should include a breakdown of costs for each aspect of the research, such as participant recruitment , data collection, and analysis.
Example: – Survey administration: $5,000 – Focus group discussions: $7,000 – Data analysis software : $3,000 – Research report writing: $2,000
My advice on: The budget should be carefully considered and realistic, taking into account all necessary expenses. It is important to justify the costs and demonstrate the value that the research will provide.
This section summarizes the key points of the market research proposal and reiterates the importance of the research in achieving the organization’s goals.
Example: The proposed market research will provide invaluable insights into the preferences and behaviors of millennials in the automobile industry. By understanding their decision-making process and perceptions of different brands, automobile companies will be able to tailor their marketing strategies and product offerings to better appeal to this demographic.
My advice on: The conclusion should leave a lasting impression and emphasize the significance of the research. It should reinforce the value of the proposed research in driving business growth and success.
By using these examples, individuals can gain a better understanding of how to structure and develop each section of a market research proposal. The detailed and in-depth writing provides a clear guide on what should be included in each part of the template, while the first-person advice offers practical tips on how to effectively approach each section. Ultimately, these examples can be used to improve the quality and impact of a market research proposal, ensuring that it is thorough, well-structured, and compelling.
Download Free Market Research Proposal Template PDF and Examples Download Free Market Research Proposal Template Word Document
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A market research proposal is a document that outlines a plan for conducting market research, including the objectives, methodology, and timeline for the research.
A market research proposal should include a clear statement of the research objectives , details of the methodology to be used, a timeline for completion, and a budget for the research project.
A market research proposal is important because it helps to clearly define the scope and objectives of the research, ensuring that all stakeholders are on the same page and committed to the research process.
The key components of a market research proposal include the research objectives , methodology, timeline, budget, and a plan for analyzing and reporting the research findings .
A market research proposal should be well-organized and written in a clear and professional manner. It should include all necessary details and be presented in a format that is easy to understand and review.
Some common challenges in creating a market research proposal include aligning the objectives of the research with the needs of stakeholders, defining a realistic budget and timeline , and selecting the most appropriate research methodology .
The development of a market research proposal should involve input from all key stakeholders , including management, marketing and sales teams, and any external research partners or agencies. This ensures that the proposal reflects the needs and objectives of all parties involved.
The key purpose of a market research proposal is to outline a plan for conducting research that will provide valuable insights into a specific market or target audience , ultimately helping to inform business decisions and strategies.
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Focus Groups
The market research proposal is an important first step in near all studies. First and foremost, a skeleton that details a study’s direction, goals, and focus, such proposals are typically the first point of reference for management. While the proposals make or break a project’s funding, there is one other strength no research team can ignore: direction.
Critical for any undertaking that involves research, direction helps with both the pragmatics and concepts of near all studies. Market research proposals are vital for outlining both. They also explain the potential returns or results a study can yield. Ideally, the proposal should convince outside readers while informing research and development teams.
Language is important for writing a proposal, as is organization. A lot of detail goes into the typical research proposal, and sometimes there is no clear place for essential odds and ends. Luckily, there is a general organization, or logic, that most research proposals adopt. This allows readers to quickly absorb details, jump to pertinent sections, and digest its conclusions.
While not mandatory, using these structures add a cohesion that makes reading these papers more convenient and cohesive. Length, detail, and overall complexity are all factors when considering how a research proposal should be organized. Similarly, weigh the study’s goals and potential returns. Not every proposal necessitates the same sections. In fact, simple studies can do without a lot of sections that more involved or longer studies require. That mentioned, never write off these critical five elements of your research proposal.
Important for summing up the study’s incentives, intents, and overall feasibility, overviews prep readers for the project’s strengths. Like everything else in a proposal, clarity is also all-important. Definitions and terms are vital. Overviews are also excellent for showcasing market conditions, opportunity, goals, and overall impact to ROI. While very important, always make sure to focus on the client. Their edification should be at the forefront of any proposal writer’s mind.
While referenced in the overview, extrapolation about a project’s actual agenda goes a long way. Near everyone reviewing a research proposal will search for a hypothesis. While fine to reference in the overview, an outright hypothesis will always predominate the research proposal and its direction. Be clear as possible!
The hypothesis itself, however, explains the goal’s prospective burdens, costs, and returns. Also explain how these different elements combine to form a whole level of different parts. Perhaps most intrinsic is the order of said goals, as well how they compliment each other.
Realizing goals requires exploring a range of target segments that can appreciate the product, content, or whatever else. Exploring these different targets includes any range of periphery methods, not to mention actual possibilities. What is vital, however, is a full explanation as to why the target is pertinent.
The logical extension, research proposals must detail methodology. Include practices and conditions, study types, analysis standards, and other crucial aspects. Make sure extrapolation focuses on the actual methodology, however. Pragmatic intricacies can be glossed over, but that really depends on the reader. Researchers will typically want to know about the whole process, while management typically focuses on efficacy and ROI.
Discuss.io can offer deliverables within 48 hours, the fastest in the industry. Establishing a clear timeline is still critical though. Product and content dev teams typically need to keep informed. A common timeline really encourages such cohesion, not mention also keeps MR better aware as to the product or content’s direction. Along with setting a schedule, timelines also helps inform team members of their objectives and schedule. Such a cohesive view both informs researchers as reminds them of the importance of each task.
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Capture clients' interest with this well-crafted Market Research Proposal Template – demonstrate research approach, expert knowledge, and potential results.
Secure more market research projects with our Market Research Proposal Template. Designed to showcase your research methodologies, expertise, and success stories, this visually engaging template demonstrates your capabilities and helps you win more business.
Capture the attention of potential clients by highlighting your unique approach to market research and the valuable insights you provide. Our Market Research Proposal Template is tailored to present the best of your research offerings, driving increased interest and bookings for your services.
A Market Research Proposal is a strategic document outlining the objectives, methodologies, timeline, and budget of a proposed research project. It's crucial in securing stakeholders' support by clearly communicating the project's value. Utilizing a proposal management system streamlines the creation and management of such proposals, ensuring efficiency, accuracy, and consistency in presenting the project's details and objectives to stakeholders.
Market research is vital for understanding target audiences and their preferences, uncovering new opportunities, and improving existing products or services.
Key elements in a proposal include clear research objectives, appropriate methodologies like surveys or interviews, a realistic timeline, and a well-planned budget covering all stages of the project. This essential document helps businesses efficiently conduct market research within their financial constraints.
A Market Research Proposal is crucial when introducing a research project to stakeholders. It enhances the likelihood of securing internal funding or client approval. This proposal outlines the research's objectives, methodologies, expected outcomes, timeline, and budget.
Market research, a critical part of business strategy, provides insights into customers, competitors, and market trends. Your proposal should be tailored to meet stakeholder needs, focusing on the potential benefits for the company or how it can help external stakeholders achieve their goals.
Qwilr's Market Research Proposal Template offers several benefits that enhance your proposal creation process:
Here's a quick video overview of how to get started with this template:
Using Qwilr's Market Research Proposal Template is easy. To begin, simply select the template from the Qwilr library and customize it to match your needs. Add your business information, project objectives, and timeline for completion. You can also add visuals such as graphs or images that will help illustrate the proposal's key points. Once you're finished, share, and track engagement with your team or external clients.
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How do you write a market research proposal.
When writing a market research proposal:
The components of a market research proposal include an overview of the project's objective, methods, timeline, and budget, as well as the target market and research methodology, a description of potential limitations, and a budget breakdown.
To create a market research proposal in Qwilr, select the Market Research Proposal Template and customize it to match your needs.
Add your business information, project objectives, and timeline for completion. You can also add visuals such as graphs or images that will help illustrate the proposal's key points.
Finally, share and track engagement with your team or clients.
To price a market research project, consider factors such as complexity, time, and manpower needed to carry out the research.
As a rule of thumb, pricing should be commensurate with the project's scope and level of effort.
It's also a good idea to evaluate the competition pricing to ensure you remain competitive without undercutting your work's value.
An effective market research proposal clearly outlines the objective of the project, the research methodology, and the budget.
Detailed graphics and visual aids can help illustrate key points and make the proposal easier to understand. Additionally, a clear timeline for completion and potential limitations should be addressed.
Finally, it should be presented in a professional and visually-appealing format that can be easily shared and tracked.
Want help from the experts?
We offer bespoke training and custom template design to get you up and running faster.
State of Proposals 2024 Report
We’ve dug deep into our data and extracted the information that sales and marketing leaders can use to make their proposals better and boost their business.
Companies that conduct market research and analysis can use our sample marketing research proposal template as an example of how to write a market research proposal, and as a guide when preparing survey proposals, data collection proposals, or business research.
This template allows you to explain your methodology for gaining qualitative and quantitative research, and provides a section to break down your research timeline into phases. It also includes a statement of work section to clarify what the customer will receive from the research, along with a detailed contract
All of our templates are 100% customizable so you can edit the copy, design, images, and layout to suit your business, brand, and client project. Our online signature feature delivers 60% faster client approval and makes the proposal legally binding.
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Generate a PDF from any document that matches the digital version. | |||
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Connect your Stripe account and get paid in full or partially when your proposal gets signed. | |||
Create your own fields you can use internally that get replaced in custom variables within a document. | |||
All integrations except for Salesforce. | |||
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Lock down what users can and can't do by role. Pages and individual page elements can be locked. | |||
Create conditions that if met will trigger an approval from a manager (by deal size and discount size). | |||
Use our managed package and optionally SSO so reps work right within Salesforce | |||
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A marketing research proposal is a document designed to sell your services by showing potential clients the research that you will carry out for their project. Whether you’re a freelance marketing consultant or you have your own marketing agency, a market research proposal will cover what research needs to be done, how you’ll go about it, and why they should choose you for the project.
A proposal is typically one of the first points of contact that you have with an organization. Therefore, it’s a chance to make a strong first impression.
Note: Sign up now to get your free marketing research proposal template that will make yours stand out for all the right reasons.
A market research proposal will outline your market research plan and each critical step you need to take to perform the necessary research. It usually consists of three parts.
At the top of any market research proposal template should be the title of your document followed by who it has been written by and who it’s for. You can also include both company addresses here if you wish.
Proceed to outline the project description and the purpose of performing the market research. What are you trying to achieve? Why is this research needed? Who will be conducting it? What problem are you trying to solve for the client?
You should also include a methodology section in your introduction. The research methodology should dive into what primary and secondary research will be conducted, how data will be collected, and the expected outcomes. As a freelance researcher, you’ll already know this, but it’s worth covering what’s included in each to the client:
It’s important to give an overview of your target audience in your methodology too.
For instance, if your client is trying to determine whether it’s a good time to launch a new product, your methodology in your market research proposal would explain how you plan to arrange a focus group with their target audience of females aged 16-24. Being present in the meeting, asking the right questions, and making notes to refer to later on would confirm whether the prospective product could be useful and — ultimately — successful.
The discussion section of your marketing research proposal is typically the meatiest. It’s where you should demonstrate what you already know about the industry and company, while getting into the finer details of the market research project.
For example, you may write something like the following: “Each participant will be told that their input in this research is voluntary. They will be provided with a form to assure them that their data will remain confidential for the purposes of this research and won’t be used by third parties. They must sign this form in person or we can accept digital signatures to consent to these terms.”
The summary tends to be the shortest section of your market research proposal. It’s where you would refer back to the initial project objectives and conclude the desired outcomes from the market research.
It’s a good idea to end on a punchy note by describing why your potential client should become an actual client.
Don’t lose sight of the fact that you’re trying to convince somebody (or some people) of your value. You want them to take action after reading your proposal, which is why you should include a compelling Call-To-Action (CTA). Let them know what the next steps entail, and how to take them.
The truth is, it’s difficult to draft a market research proposal without some key information from your prospective client.
To gather all of the details you need to create a winning marketing research proposal, follow the below steps.
During your initial email or phone discussion, ask your client what they want to get out of the research. Are they rebranding and want to redefine their target market? Or are they testing out a new product with a small group of people before unleashing it to the masses?
Either way, it’s useful to know their final goals so that you can start to make a plan on how to help them achieve them.
Alongside your prospective client’s research objectives, you need to find out more details in terms of their:
You should also ask them if there’s any other key information that they would like you to include in the market research proposal. This will ensure that you have everything you need upfront without having to make extensive edits later on.
Keep in mind that you haven’t been awarded the job yet. A work proposal is essentially a sales document — it almost serves as a resume before the client decides that you’re the ideal person to hire.
As such, do some company research to put you ahead of your competition. Is there a link you can make with the company based on your background and interests? Why should they care about you? What do you offer that no one else does?
Be sure to feature all of this information in your market researching proposal, and don’t be afraid of highlighting your strengths and wins.
There's plenty to think about when conducting marketing research, which is why you can make life a little simpler with Bonsai. Bonsai's all-in-one tool for small businesses, freelancers, and entrepreneurs streamlines administrative tasks and covers all bases when it comes to proposals, contracts, and invoices.
You can find a template specific to market research and edit it to meet your needs in minutes. Then all you have to do is send it off to your client, which you can do without even leaving the platform. Talk about a time- and energy-saver!
The marketing research proposal template is professional and refined in structure. This provides clarity to your potential client by laying out exactly what you can do for them within their timeline and budget.
Simply enter your information, sit back, and be prepared to wow your prospective client so much that they hire you on the spot.
Note : Sign up for free and get started!
How long should a marketing research proposal be.
A market research proposal should be concise and fluff-free. It should cover all the obligatory information without dragging it out. After all, prospective clients are busy reviewing other proposals and working on further aspects of their business.
The perfect length is between 1-2 pages, but try to ensure that it’s no more than 3.
Because your market research proposal is only a couple of pages long, the writing style should be clear and easy to read. The language should be simple, everyday, and familiar, using short sentences that get to the point and won’t clutter up the document.
The tone of your plan should be informative and position you as the expert to leave a positive, long-lasting impression on your prospective client.
Marketing research aims to investigate and assess how certain factors influence consumer behavior. This provides key insights that are relevant to decision making.
Marketing research can identify new business opportunities and avoid business failures. That said, above all, it can be used to inform a company’s marketing strategy to help them achieve their business goals.
What is market research and examples, what is research proposal template.
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Contact Us (315) 303-2040
by Emily Carroll
Posted at: 7/6/2022 12:30 PM
Writing a market research request for proposal (RFP) can seem like a daunting and overwhelming task.
The RFP process involves a lot of time, energy, and information gathering. This of course is all the work that comes before you've even started the massive task of reviewing the submissions and selecting a vendor.
Oftentimes it takes days if not weeks to review all the submissions as a team and find the best market research company that fits your needs.
But that's a little down the road for you.
Right now, you are either thinking about drafting a market research RFP, have recently started a market research RFP, or you are well into constructing it and you are looking for some tips to improve it.
Download Now: Free Market Research RFP Template
What You'll Learn in This Article
This post was designed to walk you through the market research RFP or RFQ process in greater detail.
Drive Research has broken down the core components of a market research RFP into sections.
Each section includes narratives on items you'll want to consider adding to your RFP and more importantly, why you should add it.
To skip to a section of most interest, click the navigation links below.
It's critical to be as descriptive as possible with your requests and expectations in your RFP. This ensures the bids you receive can be comparable (apples to apples).
With that being said, there are some areas of the RFP where it may work to your benefit to be flexible and let the market research company decide on the best approach.
These more flexible sections are noted.
Before we start with specific components of the RFP, let's talk a little bit about market research in general. If you're at the beginning phases of the RFP process, the first question you might have is:
"Do I need market research?" 🤷♂️🤷♀️
Do You Need Market Research?
If you are at the point where you are considering a market research RFP for your organization, you've likely already arrived at this answer.
There are many benefits of market research .
Regardless of the type of project, market research provides managers with the knowledge, power, and confidence they need in their decision-making.
At a very high level, market research produces fact-based and evidence-based decisions to help fuel strategy.
Market research comes in many shapes and sizes.
Whether you are looking to conduct a brand equity study , customer satisfaction study , or an employee survey , market research will help you eliminate the risk of making the wrong decision or taking the wrong path.
Data is power. When collected and used correctly, data can fuel operational, marketing, and strategic initiatives at your company or organization.
To learn more about your options, read Types of Market Research to Consider .
Still need convincing? Do you really, really need market research?
The answer is most likely yes. All organizations can benefit from it.
The ROI of market research is:
And much, much more.
Market research is purely objective and uses hundreds and thousands of data points to point your business in the right direction rather than using the opinion of 1 person or a few board members.
This video goes into detail about how market research can help businesses save money - a common objective Drive Research hears from clients.
💡 The Key Takeaway: Market research provides a host of benefits to a business. The more data you have, the better you’ll understand your customers, employees, competitors, and more.
What Are Your Objectives?
When structuring your market research RFP, you'll want to include your objectives.
The objectives section should be the first part of your RFP and it's arguably the most critical to the success of the research.
Be as clear and as specific as possible.
Most importantly, write about what you'd like to do with the market research results. The market research results are only as good as what is done with them.
Spend some time in your proposal for market research to discuss how you'd like the data to guide the next steps and action items.
Provide specifics on how you'd like the data and market research analysis to help guide initiatives at your company or organization. It is all about data-driven decision-making .
An RFP with clear and well-defined objectives will retrieve responses from market research firms that are more aligned and hit on all of your major goals.
Don't leave market research companies guessing your expectations.
It creates a lot of apples to oranges proposals because unclear objectives lead to different approaches.
It's important to tell the market research company and vendors what you are aiming for.
A few common objectives our market research firm has heard from our clients are:
💡 The Key Takeaway: Before you can write an RFP, you have to clearly state what your goals are. Having even a few clear objectives can simplify the process and avoid confusion down the road.
Do You Want a Specific Methodology?
The choice is up to you on this. Some organizations will specify a specific methodology or methodologies they'd like the market research companies to bid on.
For example, you may be looking for one type of quantitative or qualitative approach – or a hybrid of the two, such as Wave I of focus groups followed by Wave II of an online survey .
If you leave the methodology open for discussion and bid, the market research firms are given the flexibility to think outside of the box and present you with new perspectives on how to tackle your objectives.
Qualitative research
When you think of the qualitative method, think small-scale and detailed.
This type of research is considered exploratory–it’s all about the “why” in research. Answers in qualitative research are often found through focus groups and in-depth interviews (IDIs).
Quantitative research
This type of research is the direct opposite of qualitative research. Instead of small-scale, think large-scale and big sample sizes.
Careful measurements are the name of the game with quantitative research, instead of exploratory research. It’s all about reliable data and gathering large groups of respondents in order to get that (pristine) data.
Hybrid research
Sometimes you can have the best of both worlds.
Hybrid research simply is a mixture of qualitative and quantitative methodology. When conducting hybrid research, the qualitative portion typically comes first.
This is ideal because having key details prior to quantitative research allows for better insight.
What method you choose to conduct first is, of course, dependent on what your research goals are for your project.
Allowing flexibility in the choice of methodology produces both pros and cons for your company or organization.
The advantages of stating your choice of methodology 👍
If you are open to the market research companies suggesting the best approach it could work in your favor because they may be able to present a more cost-effective , quicker, and higher quality approach.
For example, let's say you want to conduct market research to understand the usage of your current website and how to improve it for the major website redesign overhaul occurring next year.
Instead of asking for 6 focus groups in the RFP document, you leave the methodology up for choosing.
In this scenario, a market research firm could send in a response that suggests conducting 40 1-on-1 user experience (UX) interviews utilizing screen share technology.
This approach would save you $10,000, get you results 3 weeks faster, and the results would incur no group bias .
The UX interviews is a methodology you didn't even know was a possibility because your team had tunnel vision on traditional focus groups .
The disadvantages of stating your choice of methodology 👎
Allowing the market research firm to choose the best methodology for your project may result in your bids looking something like this:
Can you see how difficult it would be to compare these proposals?
As shown from the 3 scopes above, making an apples-to-apples comparison on price and timeline would prove difficult because the scope differs so much.
💡 The Key Takeaway: It’s important to weigh the pros and cons of being flexible in choosing your market research methodology. Consulting your third-party team and going back through your key objectives can help narrow down the choice.
Recommended Reading: Conducting Market Research? How to Choose the Best Methodology
For Customer Research, What Type of Information Do You Have?
If your company or organization has a strong CRM or customer database it will help save the market research company time and money to target, invite, and qualify participants for the study or studies.
In this part of the request for a quote, you'll want to talk about your CRM or customer database.
This makes a difference in the scope and bidding for the market research company.
The difference in price 💰
For example, the answer to these questions can make a difference between a 20-question survey and a 40-question survey.
In this case, doubling the number of questions will likely result in a much higher cost.
If your CRM tool has a significant amount of customer data such as age, ZIP code, and income, this will save the market research company from having to ask these questions in the survey .
As a result, they can structure the cost of the project to be more budget-friendly.
The difference in approach 📈
If your company or organization can tie telephone numbers or addresses to the participants, this will help the market research firm understand if email surveys , phone surveys , or mail surveys are an option.
It will also help the market research know if reminder phone calls to those who do not respond to the email survey is an option or not.
The difference in quotas ♂️ ♀️
From a segmentation perspective, it will help the market research company develop quotas and audiences for targeting.
Let's say your focus groups want to pinpoint those aged 25 to 34 with children in their households.
If you have this data on-hand it will make targeting and recruiting much easier for the market research company than if they had to call or email your entire customer list to screen.
If the market research company understands these nuisances it will help them more accurately and efficiently bid on your market research RFP.
This is why you should think about listing the fields of data you have available in-house.
💡 The Key Takeaway: Never underestimate the power of a customer database and reference that in your request for proposal process. Getting their information can alter the money you spend, the approach you take, and targeting practices.
Recommended Reading: Ultimate Guide to Conducting Customer Satisfaction Surveys
Do You Have Relevant Target Markets?
Understanding where you want to conduct market research is another key touchpoint for your RFQ.
A couple of questions you’ll want to answer in your request would be:
This is largely true with qualitative market research such as focus groups or in-person in-depth interviews (IDIs).
These types of studies incur large travel expenses and can add considerable length to the project timeline.
Another example of this would be feasibility studies .
If you are looking to test the feasibility of a new product or service , perhaps the market research firm should suggest some of the top test market cities in the United States for you.
Why test markets are useful.
These test market suggestions could prove useful to your market research for a number of reasons.
Test markets are typically isolated, offer affordable media, and the demographics resemble national averages.
The location will play a major role in the scope and cost of the market research .
Clearly defining where you want the market research targeted or held will help you receive comparable bids. If you leave this variable open, it could present a wide range of options and costs.
💡 The Key Takeaway: Knowing the areas you want to target during your research is essential information in the RFP process. Understanding the key areas you need to target can help determine which research to use.
Do You Have a Specific or Aggressive Timeframe?
Timing is everything. In your market research request for proposal, you'll want to clarify when you need the market research completed.
All of this information will be necessary to include in the RFP.
The timeline will dictate the scope and methodologies chosen⏰
Ideally, the more data the better. However, if the market research study needs to be fielded and concluded in two months, perhaps the intended 80 in-person IDIs will need to be limited to 40 IDIs.
Having a handle on these timelines assists the market research firm in planning.
If you are planning on the test product launching in 3-months, provide an expected date in the RFP so the market research firm can work its way backward.
Dates and deadlines for the market research are critical pieces for the RFP. Not only for the RFP submission and acceptance process but also for the study once fielded.
Dates add clarity and set expectations.
💡 The Key Takeaway: Having a project timeframe is crucial for success. This will help set the stage for additional deadlines and other important research factors.
Just how long does market research take? We answer that here.
What Type of Reporting Do You Need?
The type of analysis and reporting can have a major impact on cost . Without direction or structure, you may get several different levels of analysis in your RFP responses.
Some market research firms may produce a high-level summary document and that's it.
Other market research firms, like Drive Research, may provide you with options such as:
One will charge you a few hundred dollars and the other will charge you thousands of dollars.
In the case of Drive Research, we offer various reporting packages to help fit into any budget. Most fall under either a topline or comprehensive market research report .
If you specify what you are looking for in the analysis and reporting it helps the market research company structure and plan for a report.
If you are looking for conjoint analysis, a Van Westendorp pricing model , TURF analysis, or regression , it will require some additional time and cost.
💡 The Key Takeaway: Spend time considering reporting resources for your RFP. Prices may vary greatly depending on your goals, and it’s important to understand the full range of what you need before heading into the project.
Sample Infographic in a Market Research Report by Drive Research
Do You Have a Budget or Budget Range?
This is an absolutely crucial piece of the request for proposal process.
The market research scope is often dictated by a budget. Market research companies want to present your company or organization with as much data as possible within your budget.
It's also understandably difficult for you to formulate because of the unknown. This is particularly true if you have never worked with a market research company before and are unsure of costs.
Defining some of the other categories we've listed in this article should help point you in the right direction of whether you are looking at an $8,000 project or $80,000 project.
The budget will dictate all recommendations and responses in a market research RFP.
It will guide methodology, timeline, geographies, analysis, and reporting. No one fact or figure in your RFP process will have more of an impact.
This is why it is critical to at least make an estimation or offer a range of your budget. Ask yourself or your team, what do you expect to spend?
As difficult as it sounds to list a budget or price range for your market research, it can prove crucial.
💡 The Key Takeaway: Budget cannot be emphasized enough when it comes to your market research request for proposal. Having a clear understanding of what your project will cost allows you to plan accordingly.
Recommended Reading: Should I Share My Project Budget with a Market Research Company?
Who Is Responsible for Rewards or Incentives for Participation?
One item in the RFP process that is often forgotten about but can have a large impact on cost is incentives or rewards.
Trust us, there are many reasons why you should offer a reward for your market research .
Do you have an idea of the rewards you want to pay for participation?
We suggest including some language on this because companies or organizations often have stipulations on what can or cannot be offered for participation.
Other companies have a stock and inventory of gifts and corporate items that can be given out as a thank you for participation.
If you have these types of rewards or an idea of what you'd like to offer participants, it will help to clarify this in the budget.
If you plan on fulfilling these in-house it could save the market research from overbidding on this in their RFP response by a few thousand dollars.
💡 The Key Takeaway: Don’t be afraid of offering rewards for participants–in fact, it can save you money. One reason being it may prevent overbidding if you offer rewards in-house.
Recommended Reading: Higher Rewards Can Lead to Lower Market Research Costs. Here's Why.
Will You Allow Bidding Vendors to Ask Questions?
Depending on your timeframe to accept bids, review bids, and make a decision, your company or organization will have to determine whether or not you are willing to have an open question and answer period.
Typically how the question and answer period works is you give vendors the opportunity to submit questions to you.
Here you will make it clear, no questions can be accepted after X date 🙅♂️
Then you give your company or organization a few days to review questions and write answers.
These answers are then posted to a public website for all vendors to review regardless of whether they have submitted a question or not.
Those who submitted questions are not singled out or labeled. The question and answer page is a section with generic questions with generic answers labeled 1 through 45 (or however many questions are received).
You'll likely receive several of the same or similar questions. In these situations, for the answer, you can write "refer to the answer on Q5".
💡 The Key Takeaway: Consider the factors that go into an open question and answer period with vendors. This involves setting a strict deadline, then taking time to answer questions.
What to Look For When Receiving RFPs Back From a Research Firm.
Now that you have a clearer picture of how to write a market research RFP, quote, or estimate, it is time to set expectations for what types of responses you will receive.
As a market research company, we know a thing or two about what to look for after you’ve requested the type of information included in this article.
Briefly consider these 4 factors before choosing your market research company.
1. Responsiveness 💨
We all know about those form fills or inquiries that go into the great abyss. In fact, we have sent many of these ourselves to unresponsive clients.
We have an immediate need, we reach out through a website form fill, and? Nothing. Silence.
Has this happened to you?
When you send your RFP to a market research company, test the responsiveness.
An organization that gets back to you within a few hours, or within 24 hours is likely a company that has it together and one you probably want to consider working with.
If you are waiting 6 days for a response it is probably telling you a larger story. Just think about this...
That company will never offer better customer service or work harder for you than when they are trying to win your business.
Once they have it won, it's likely to go downhill.
2. Excitement and Interest 😃
There is a difference between a market research vendor who takes on new clients to simply execute a process versus one who is actually interested and passionate about the work they are likely to perform.
Our team loves what we do. There are market research companies out there that exist who simply enjoy the process. Things like writing surveys, programming surveys , analyzing data, etc.
Passion often translates to higher quality work.
Be on the lookout for this in your communications via email, telephone, and in-person. Are they interested in you? Or are they just interested in making a quick buck?
3. Background and Experience 🧠
While it is important the RFP focuses on your company’s needs and specifications, it is also helpful to inquire about the background and expertise of these firms.
If you are deciding between several different research companies, ask follow-up questions about their history, staff experience, and case studies for your vertical.
For example, if you work in retail, find a market research company that has direct or correlated experience in retail .
If you work in higher education, find a market research company that has worked in the educational space .
The benefit of finding a company with relevant experience is two-fold:
All in all, it creates a more comprehensive outcome for your market research.
4. Cost Options 💵
As discussed earlier, it will be helpful to provide market research companies with your estimated budget – however, we know this is not always possible.
If you are unable or uncomfortable with sharing your budget for research, the consultant should be happy to offer varying levels or pricing options.
For example, 400 survey responses are optimal. It offers an industry-standard +/- 5% margin of error . At the same time, 400 responses are more expensive than 200.
If the budget is tight, the market research company should be willing to be flexible to offer options for 200, 300, and 400 responses.
💡 The Key Takeaway: The main elements to consider when receiving your RFP responses are the following: responsiveness, interest, experience, and cost. These are all essential elements that go into picking the right partner.
Final Thoughts
The end goal with any market research request for proposal is to ensure you have a clearly defined process to acquire high-quality and credible market research company bids.
The market research proposal process should also help you create a decision matrix that will assist you and your team in your choice.
For a summary, here are the core components and topics to address in your market research RFP.
This is the checklist you can take back to your company's or organization's team to guide you in writing your RFP in market research:
Contact Drive Research for a Market Research RFP or Quote
Drive Research is a full-service market research company . Our clients span across the United States, as we work in a variety of industries and sectors.
Would you like Drive Research to bid on your RFP or RFQ? Contact us through any of the four ways below:
Emily Carroll
A SUNY Cortland graduate, Emily has taken her passion for social and content marketing to Drive Research as the Marketing Manager. She has earned certificates for both Google Analytics and Google AdWords.
Learn more about Emily, here .
Categories: Market Research Services Category
Need help with your project? Get in touch with Drive Research.
View Our Blog
5 minutes to read. By author Michaela Mora on March 15, 2022 Topics: Business Strategy , Market Research
The market research process requires making decisions at many steps that can be overwhelming for non-researchers put in charge of research projects.
Consider these practical tips to conduct the following 6 steps during the implementation of a market research project.
Define the target population for the research.
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Table of Contents
Are you struggling to write effective marketing research proposals that will leave a lasting impression? Are you unsure how to structure your ideas and approach in a way that resonates with clients?
If so, then this article is for you! Here, we’ll provide step-by-step guidance on how to write marketing research proposal templates that get results.
We’ll also explore key tips used to create winning bids. Whether you’re an experienced market researcher or starting out, these tips will help you produce convincing proposals that deliver excellent outcomes.
Market research proposals are documents that sell your services to potential clients. It aims to educate them about what they can accomplish by hiring you to complete their projects or research .
It typically outlines the research project’s objectives, methods, costs, timeline, and expected results.
A summary outlines the purpose and objectives of the proposed marketing research project. It should provide an overview of what will be investigated, as well as how this knowledge can benefit the organization.
This section lists what information needs to be gathered from the research study and why it is needed. These should focus on gaining insight into customer behaviour, attitudes, or preferences that can help inform decisions made by the company.
Targets refer to the target audience who will participate in the research. This includes criteria like age group, gender, profession, and other demographic characteristics relevant to the topic being studied.
The methodology defines the methods and techniques used to collect data during the research process. This may involve interviews, surveys, focus groups, field experiments, and so on, depending on the study’s scope.
A timeline provides a realistic schedule for carrying out the project. It should identify when each phase begins and ends while addressing potential roadblocks or delays.
A proposed budget outlines the estimated costs of conducting the research study. This ensures sufficient resources are available to cover all expenses for successfully carrying out the project.
Get to know the client..
You might already have written audience personas available that can help you shape your proposal’s tone, language, plan, or other components. If not, it’s best to start researching the client’s target audience, industry, products/services, keywords or topics, and other relevant details.
It also helps to ask about the client’s pain points so you can better address them.
Knowing their main pain points gives you an idea of how to market your products or services as the best solution for their problems. Consider how your experience, expertise, and background can benefit them.
Include a scope of work section in your marketing proposal , which describes all the services you plan to provide the client. It should fulfill marketing tasks that clients do not have enough time or resources to accomplish.
For example, the Scope of Work for a social media marketing proposal may outline the following tasks:
Based on the scope of work outlined, provide estimated time frames for each deliverable associated with the project. This will help keep track of progress throughout its development and establish expectations between both parties involved.
Include a cost breakdown in your proposal and any applicable terms or conditions. Explain what they are paying for and how much they will be charged, so there are no misunderstandings later down the line. This section can include the following:
Demonstrate how you plan to measure the effectiveness of the research once it has been completed. Present strategies for tracking key performance indicators such as response rates, ROI, sales numbers, and so on. This will make potential clients more confident that you know what you’re doing.
A well-constructed, persuasive marketing research proposal is essential to attracting and acquiring new clients. It should provide relevant details about your research goals and highlight what clients can gain from working with you.
With the help of these steps on how to write marketing research proposal , you should have no trouble getting started. Now get out there and start putting together those winning research proposals!
Abir is a data analyst and researcher. Among her interests are artificial intelligence, machine learning, and natural language processing. As a humanitarian and educator, she actively supports women in tech and promotes diversity.
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Published on October 12, 2022 by Shona McCombes and Tegan George. Revised on September 5, 2024.
A research proposal describes what you will investigate, why it’s important, and how you will conduct your research.
The format of a research proposal varies between fields, but most proposals will contain at least these elements:
Literature review.
While the sections may vary, the overall objective is always the same. A research proposal serves as a blueprint and guide for your research plan, helping you get organized and feel confident in the path forward you choose to take.
Research proposal purpose, research proposal examples, research design and methods, contribution to knowledge, research schedule, other interesting articles, frequently asked questions about research proposals.
Academics often have to write research proposals to get funding for their projects. As a student, you might have to write a research proposal as part of a grad school application , or prior to starting your thesis or dissertation .
In addition to helping you figure out what your research can look like, a proposal can also serve to demonstrate why your project is worth pursuing to a funder, educational institution, or supervisor.
Show your reader why your project is interesting, original, and important. | |
Demonstrate your comfort and familiarity with your field. Show that you understand the current state of research on your topic. | |
Make a case for your . Demonstrate that you have carefully thought about the data, tools, and procedures necessary to conduct your research. | |
Confirm that your project is feasible within the timeline of your program or funding deadline. |
The length of a research proposal can vary quite a bit. A bachelor’s or master’s thesis proposal can be just a few pages, while proposals for PhD dissertations or research funding are usually much longer and more detailed. Your supervisor can help you determine the best length for your work.
One trick to get started is to think of your proposal’s structure as a shorter version of your thesis or dissertation , only without the results , conclusion and discussion sections.
Download our research proposal template
Writing a research proposal can be quite challenging, but a good starting point could be to look at some examples. We’ve included a few for you below.
Like your dissertation or thesis, the proposal will usually have a title page that includes:
The first part of your proposal is the initial pitch for your project. Make sure it succinctly explains what you want to do and why.
Your introduction should:
To guide your introduction , include information about:
Discover proofreading & editing
As you get started, it’s important to demonstrate that you’re familiar with the most important research on your topic. A strong literature review shows your reader that your project has a solid foundation in existing knowledge or theory. It also shows that you’re not simply repeating what other people have already done or said, but rather using existing research as a jumping-off point for your own.
In this section, share exactly how your project will contribute to ongoing conversations in the field by:
Following the literature review, restate your main objectives . This brings the focus back to your own project. Next, your research design or methodology section will describe your overall approach, and the practical steps you will take to answer your research questions.
? or ? , , or research design? | |
, )? ? | |
, , , )? | |
? |
To finish your proposal on a strong note, explore the potential implications of your research for your field. Emphasize again what you aim to contribute and why it matters.
For example, your results might have implications for:
Last but not least, your research proposal must include correct citations for every source you have used, compiled in a reference list . To create citations quickly and easily, you can use our free APA citation generator .
Some institutions or funders require a detailed timeline of the project, asking you to forecast what you will do at each stage and how long it may take. While not always required, be sure to check the requirements of your project.
Here’s an example schedule to help you get started. You can also download a template at the button below.
Download our research schedule template
Research phase | Objectives | Deadline |
---|---|---|
1. Background research and literature review | 20th January | |
2. Research design planning | and data analysis methods | 13th February |
3. Data collection and preparation | with selected participants and code interviews | 24th March |
4. Data analysis | of interview transcripts | 22nd April |
5. Writing | 17th June | |
6. Revision | final work | 28th July |
If you are applying for research funding, chances are you will have to include a detailed budget. This shows your estimates of how much each part of your project will cost.
Make sure to check what type of costs the funding body will agree to cover. For each item, include:
To determine your budget, think about:
If you want to know more about the research process , methodology , research bias , or statistics , make sure to check out some of our other articles with explanations and examples.
Methodology
Statistics
Research bias
Once you’ve decided on your research objectives , you need to explain them in your paper, at the end of your problem statement .
Keep your research objectives clear and concise, and use appropriate verbs to accurately convey the work that you will carry out for each one.
I will compare …
A research aim is a broad statement indicating the general purpose of your research project. It should appear in your introduction at the end of your problem statement , before your research objectives.
Research objectives are more specific than your research aim. They indicate the specific ways you’ll address the overarching aim.
A PhD, which is short for philosophiae doctor (doctor of philosophy in Latin), is the highest university degree that can be obtained. In a PhD, students spend 3–5 years writing a dissertation , which aims to make a significant, original contribution to current knowledge.
A PhD is intended to prepare students for a career as a researcher, whether that be in academia, the public sector, or the private sector.
A master’s is a 1- or 2-year graduate degree that can prepare you for a variety of careers.
All master’s involve graduate-level coursework. Some are research-intensive and intend to prepare students for further study in a PhD; these usually require their students to write a master’s thesis . Others focus on professional training for a specific career.
Critical thinking refers to the ability to evaluate information and to be aware of biases or assumptions, including your own.
Like information literacy , it involves evaluating arguments, identifying and solving problems in an objective and systematic way, and clearly communicating your ideas.
The best way to remember the difference between a research plan and a research proposal is that they have fundamentally different audiences. A research plan helps you, the researcher, organize your thoughts. On the other hand, a dissertation proposal or research proposal aims to convince others (e.g., a supervisor, a funding body, or a dissertation committee) that your research topic is relevant and worthy of being conducted.
If you want to cite this source, you can copy and paste the citation or click the “Cite this Scribbr article” button to automatically add the citation to our free Citation Generator.
McCombes, S. & George, T. (2024, September 05). How to Write a Research Proposal | Examples & Templates. Scribbr. Retrieved September 13, 2024, from https://www.scribbr.com/research-process/research-proposal/
Other students also liked, how to write a problem statement | guide & examples, writing strong research questions | criteria & examples, how to write a literature review | guide, examples, & templates, what is your plagiarism score.
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As a business, we need to generate revenue to sustain our content. We have financial relationships with some companies we cover, earning commissions when readers purchase from our partners or share information about their needs. These relationships do not dictate our advice and recommendations. Our editorial team independently evaluates and recommends products and services based on their research and expertise. Learn more about our process and partners here .
Before starting a business, you want to fully research your idea. A market research plan will help you understand your competition, the marketplace and more.
While having a great idea is an important part of establishing a business, you’ll only get so far without laying the proper groundwork. To help your business take off, not only do you need to size up the competition, but you also need to identify who will buy your product, how much it will cost, the best approach to selling it and how many people will demand it.
To get answers to these questions, you’ll need a market research plan, which you can create yourself or pay a specialist to create for you. Market research plans define an existing problem and/or outline an opportunity. From there, the marketing strategy is broken down task by task. Your plan should include objectives and the methods that you’ll use to achieve those objectives, along with a time frame for completing the work.
A market research plan should provide a thorough examination of how your product or service will fare in a defined area. It should include:
Doing business without having a marketing plan is like driving without directions. You may eventually reach your destination, but there will be many costly and time-consuming mistakes made along the way.
Many entrepreneurs mistakenly believe there is a big demand for their service or product but, in reality, there may not be, your prices may be too high or too low or you may be going into a business with so many restrictions that it’s almost impossible to be successful. A market research plan will help you uncover significant issues or roadblocks.
One of the first steps in constructing your marketing plan is to create a strengths, weaknesses, opportunities and threats (SWOT) analysis , which is used to identify your competition, to know how they operate and then to understand their strengths and weaknesses.
Strengths | Strengths to include in your plan should encompass competitive advantages. These advantages can include the talent, proficiency and expertise of you and/or your executive team that can help improve the position of your company in the marketplace. |
---|---|
Weaknesses | Weaknesses are factors that reduce the ability of your company to independently achieve its objectives, such as outdated production tools, unreliable delivery and a lack of planning. |
Opportunities | Opportunities are ways that your business can grow and become more profitable. |
Threats | Threats would be things that prevent you from entering into a primary market, such as political developments or a labor shortage. |
In this section, describe the desired outcome for your marketing plan with realistic and attainable objectives, the targets and a clear and concise time frame. The most common way to approach this is with marketing objectives, which may include the total number of customers and the retention rate, the average volume of purchases, total market share and the proportion of your potential market that makes purchases.
A financial plan is essentia l for creating a solid marketing plan. The financial plan answers a range of questions that are critical components of your business, such as how much you intend to sell, what will you charge, how much will it cost to deliver your services or produce your products, how much will it cost for your basic operating expenses and how much financing will you need to operate your business.
In your business plan, be sure to describe who you are, what your business will be about, your business goals and what your inspiration was to buy, begin or grow your business.
Once you know what makes you stand out from your competitors and how you’ll market yourself, you should decide who to target with all this information. That’s why your market research plan should delineate your target audience. What are their demographics and how will these qualities affect your plan? How do your company’s current products and services affect which consumers you can realistically make customers? Will that change in the future? All of these questions should be answered in your plan.
Rarely does one research avenue make for a comprehensive market research plan. Instead, your plan should indicate several methods that will be used to determine the market share you can realistically obtain. This way, you get as much information as possible from as many sources as possible. The result is a more robust path toward establishing the exact footprint you desire for your company.
With your plan in place, you’ll need to figure out how long your market research process will take. Project management charts are often helpful in this regard as they divide tasks and personnel over a timeframe that you have set. No matter which type of project management chart you use, try to build some flexibility into your timeframe. A two-week buffer toward the home stretch comes in handy when a process scheduled for one week takes two — that buffer will keep you on deadline.
Market research always presents opportunities for ethical missteps. After all, you’ll need to obtain competitor information and sensitive financial data that may not always be readily available. Your market research plan should thus encourage your team to not take any dicey steps to obtain this information. It may be better to state, “we could not obtain this competitor information,” than to spy on the competitor or pressure their current employees for knowledge. Plus, there’s nothing wrong with simply feeling better about the final state of your plan and how you got it there.
If the thought of trying to create your own market research plan seems daunting or too time-consuming, there are plenty of other people willing to do the work for you.
As an objective third party, businesses can benefit from a market research firm’s impartial perspective and guidance, helping to shape impactful brand strategies and marketing campaigns. These firms, which can help businesses with everything from their marketing campaigns to brand launches, deliver precise results, drawing on their expertise and experience to provide in-depth insights and solutions tailored specifically to your company’s needs.
Even more, working with a market research firm can elevate a brand above the competition, as they provide credible and unique research that is highly valued by the media, enhancing brand credibility and potentially increasing website traffic, social media shares and online visibility.
Although hiring a firm can provide businesses with tremendous results, certain downsides can lead a business toward the do-it-yourself route. Most notably, market research firms can be a costly expense that some businesses can’t afford. However, businesses that can allocate the funds will likely see a positive return on investment, as they are paying for the expertise and proficiency of seasoned professionals in the field.
Additionally, finding the right market research firm for your business’s needs can take some time — and even longer, ranging from weeks to months, for a market research firm to complete a plan. This lack of immediate results can be detrimental for businesses that don’t have the time to wait.
Market research firms can charge into the thousands of dollars for a market research plan, but there are ways to get help more affordably, including:
Miranda Fraraccio contributed to this article.
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Do you want a completely editable market research proposal template that brought more than $133 million in sales to companies worldwide in 2023 alone? Add, delete, or change sections as you see fit, make it your own, and improve your market outreach fast and easy.
Looking for visually appealing and highly functional? You’ve got it. This template comes with a pre-built layout designed to help you create professional documents quickly and easily.
The first thing your client sees when your proposal shows up in their inbox is a nicely designed cover. As a business owner, you understand how hard it is to gain the client's attention, so the goal is to start the proposal with an attention-grabbing image.
You can change everything, from the text, logo, and background image to make it a better fit for your needs.
There is no better way to explain your market research plan to your potential clients than with our pre-written introduction section. It consists of a meeting summary, proposed research that includes everything from social media to focus groups, and a structured breakdown of your services. You just need to add a few client specifics and that's it.
Like everything else in this sample proposal, it's 100% editable - the colors, the text, images, layout - everything.
Explaining to the client the structure of each of the market research methodologies you are going to use can be difficult. You want to give enough detail about your data collection methods and how you generally conduct market research but not so much it seems overwhelming.
Fortunately, we created a plan of action already sectioned to fit the amount of information needed to design a perfect proposal. Just make a few adjustments to suit your exact process.
A client success story is a powerful tool in convincing your clients to close the deal. It gives you the perfect opportunity to show them that you understand their goals and objectives and have a way to make them come true. In this market research proposal template, we've set out an example case study.
All you need to do is replace our example with one of yours and use the structure we've used.
No matter if your pricing strategy includes charging hourly, monthly, or optional up-sell services, like special images and videos, you can do it all with this automatically calculated pricing table. The final steps are simple - just enter your numbers and a short description, and both your market research proposal and quotes are ready for your client's eyes.
Any business will eventually be tested in handling increased customer traffic. Lessen the strain of paperwork by choosing a digital signature over traditional mail. The 'Next steps' tab will allow you to explain your process after signing and offer a line for the customer to give their electronic consent.
Our digital signatures are legal and compliant. When your client signs, you can see their digital signature certificate in your Better Proposals account.
Whether you're just starting a company or you're a seasoned professional, Terms and Conditions will probably slip your mind when you're discussing some new market research projects. To ensure your business is still protected, we have added fully customizable T&Cs at the end of this template.
Getting paid - it's the hardest thing to do in business. The sooner and the easier you can get that money in your account, the better.
Using our integrations with Stripe, PayPal, and GoCardless, you can take a payment from your client the moment they sign your proposal.
Set up your logo, brand colors, and fonts once to have them automatically embedded in all your documents.
1. Let's begin
Save your best work into the Content Library and use pre-built blocks to speed up your doc creation.
Leave embarrassing mistakes in the past. Use merge tags to automatically populate docs with the right information.
Give clients an onboarding experience they won’t forget. Collect extra info with forms, let them book calls, get paid, or redirect them to your website.
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Why [sender company], 1. in-house research, 2. panel expertise, 3. premium databases, 4. global coverage, 5. data visualization, our research approach, primary research, our primary research services, secondary research, ip research, social media listening & analytics.
Market analysis, consumer research and insights, competitive intelligence, custom research.
1. payment terms, 2. limitation of liability, 3. termination, 4. governing law, acceptance and signature, free market research proposal templates, this proposal template encompasses every possible details necessary for a market research proposal..
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There are 11 steps to create a sound and compelling market research proposal. 1. Market Research Proposal Summary. Start your proposal by briefly explaining the purpose of the market research and why it is required. Also, give an overview of what the desired outcome of the market research is.
A market research proposal is a document that sells your services to potential clients by showing them what they can accomplish by hiring you to complete their project or research study. It includes a summary, objectives, existing knowledge, intended outcomes, target demographics, data collection methods, a detailed research methodology, a ...
A market research proposal is the first and most critical step in your project or choosing a market research consultant.. It gives you all of the information you need on the process, approach, and most importantly: the cost 💸💸. You can also tell a lot about a market research company from the interactions you have before signing on the dotted line.
The marketing research proposal deals with the presentation of potential promotional and advertising activities that can be implemented by a company to present and market its products, services, deals, and other offers while the marketing research proposal is focused on learning the market movement based on the market's trends, activities ...
Example 2: McDonald's global expansion. McDonald's successful global expansion strategy demonstrates the importance of market research when expanding into new territories. Before entering a new market, McDonald's conducts thorough research to understand local tastes, preferences and cultural nuances.
A market research proposal is a document a company uses to map out its future. It unites company stakeholders in joint discovery of information so that everyone knows who and what really matters. In short, a market research proposal outlines the specifics of an information-gathering project. This is how to write a winning one:
What is a Market Research Proposal? A market research proposal is a formal document that describes, justifies and maps out plans for conducting market research into a product, service, industry or market segment. It serves as a blueprint for the entire research process. The main objectives of a market research proposal are:
Definition of terms. List the terms that will be used in the market research proposal. Make sure to define them properly. Market conditions. Give an overall picture of the current market conditions. Explain the industry's state and the competition level, as well as mention relevant economic or even political factors.
A marketing research proposal is written by starting with an introduction containing a summary of the proposal followed by the aims, objectives and framework analysis. Next, we write the hypothesis of the marketing research. After this, we detail the research methodology and collection methods. The proposal ends with the timeline, the budget ...
The Importance of a Market Research Proposal Template. As a market researcher, I understand the importance of creating a comprehensive and well-organized market research proposal. This document serves as a roadmap for our research process, outlining the objectives, methodology, and timeline for our project.However, creating a proposal from scratch can be time-consuming and challenging.
Market Research Playbook. This tool can be used alone, but it's also part of the comprehensive Market Research Playbook. It provides step-by-step planning guidance while also helping you utilize more than 25 downloadable tools from the popular AMA Marketer's Toolkit library. This tool is powered by Demand Metric.
The market research proposal is an important first step in near all studies. First and foremost, a skeleton that details a study's direction, goals, and focus, such proposals are typically the first point of reference for management. While the proposals make or break a project's funding, there is one other strength no research team can ...
A Market Research Proposal is a strategic document outlining the objectives, methodologies, timeline, and budget of a proposed research project. It's crucial in securing stakeholders' support by clearly communicating the project's value. Utilizing a proposal management system streamlines the creation and management of such proposals, ensuring ...
Templates. Market Research Proposal Template. Companies that conduct market research and analysis can use our sample marketing research proposal template as an example of how to write a market research proposal, and as a guide when preparing survey proposals, data collection proposals, or business research. This template allows you to explain ...
A marketing research proposal is a document designed to sell your services by showing potential clients the research that you will carry out for their project. Whether you're a freelance marketing consultant or you have your own marketing agency, a market research proposal will cover what research needs to be done, how you'll go about it ...
If the budget is tight, the market research company should be willing to be flexible to offer options for 200, 300, and 400 responses. 💡 The Key Takeaway: The main elements to consider when receiving your RFP responses are the following: responsiveness, interest, experience, and cost.
Summary: The market research process requires decisions related to budget, target sample, development of data collection tools, fielding, analysis, and reporting. Here is a check list to make the process easier. 5 minutes to read. By author Michaela Mora on March 15, 2022 Topics: Business Strategy, Market Research
What is a Marketing Research Proposal? Market research proposals are documents that sell your services to potential clients.It aims to educate them about what they can accomplish by hiring you to complete their projects or research. It typically outlines the research project's objectives, methods, costs, timeline, and expected results.
Step 4: Proofread and Revise the Document If Necessary. Check your document and proofread it. If possible, you may ask for some help with other market researchers, especially if you need to know the quality and essence of your market research proposal from the perspective of others.
Research proposal examples. Writing a research proposal can be quite challenging, but a good starting point could be to look at some examples. We've included a few for you below. Example research proposal #1: "A Conceptual Framework for Scheduling Constraint Management".
Step 1. Conduct a comprehensive situation analysis. One of the first steps in constructing your marketing plan is to create a strengths, weaknesses, opportunities and threats (SWOT) analysis, which is used to identify your competition, to know how they operate and then to understand their strengths and weaknesses. Strengths.
Free Market Research Proposal Template That Wins Clients. Do you want a completely editable market research proposal template that brought more than $133 million in sales to companies worldwide in 2023 alone? Add, delete, or change sections as you see fit, make it your own, and improve your market outreach fast and easy. View Template.
Benefits. Actionable and timely insights based on primary and secondary research, patent, and social media analytics. Tap into global as well as high-profile, difficult-to-reach market segments. Continuous market and competitive intelligence to support decision-making.