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Published byKaitlyn Riley Modified over 10 years ago
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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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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
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Mistake No. 1 Not Using An Independent Source
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Mistake No. 2: Seeking Out Only A Certain Finding
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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?
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Mistake No. 3: Oversimplifying The Findings
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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
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Mistake No. 4: Not Putting Data Into A Historical Context
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Est. Business Book Revenue (in millions, U.S.$) Source: Business Of Consumer Book Publishing, 2005
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Est. Business Book Revenue (in millions, U.S.$) Source: Business Of Consumer Book Publishing, 2005
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Mistake No. 5 Not Using Research To Balance Short-Term Strategies With Long-Term Growth Plans
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Final Point… Research Should Guide Business Decisions, Not Make Them
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