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Focus On Figures: The Use – And Misuse – Of Market Research Michael K. Norris Senior Analyst/Simba Information Editor/Book Publishing Report.

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Presentation on theme: "Focus On Figures: The Use – And Misuse – Of Market Research Michael K. Norris Senior Analyst/Simba Information Editor/Book Publishing Report."— Presentation transcript:

1 Focus On Figures: The Use – And Misuse – Of Market Research Michael K. Norris Senior Analyst/Simba Information Editor/Book Publishing Report

2 Topics Of Interest How To Destroy Your Business By Misusing Market Research How To Use Market Research To Make Informed Decisions And Gain A Competitive Edge

3 Mistake No. 1 Not Using An Independent Source

4 Mistake No. 2: Seeking Out Only A Certain Finding

5 Ask Me No Questions… DONT ASK: Why Are Licensed Titles The Hottest Growth Area For Your Company? DO ASK: To What Extent Do You Publish Licensed Titles? How Does Your Licensed Book Program Compare To Last Year?

6 Mistake No. 3: Oversimplifying The Findings

7 Title Output By Category CategoryNew Title Output 2004 New Title Output 2003 % Change Biography/Autobiography5,8617,706-23.9% Business4,7825,399-11.4% Computers7,93310,329-23.1% Cooking3,1072,9365.8% Graphic Novels2,1661,68328.6% Religion/Inspirational11,65810,34312.7% Source: R.R. Bowkers Books In Print

8 Mistake No. 4: Not Putting Data Into A Historical Context

9 Est. Business Book Revenue (in millions, U.S.$) Source: Business Of Consumer Book Publishing, 2005

10 Est. Business Book Revenue (in millions, U.S.$) Source: Business Of Consumer Book Publishing, 2005

11 Mistake No. 5 Not Using Research To Balance Short-Term Strategies With Long-Term Growth Plans

12 Final Point… Research Should Guide Business Decisions, Not Make Them


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