Examples of secondary market research
- Published
- in Small Business Tips and Advice
As we discussed last week, primary market research involves getting data straight from its source.
This differs from secondary market research, which involves relying on research conducted by someone else, like other businesses or governmental agencies.
Here are some examples of secondary market research sources
- Census data collected by the government
- Other population demographics collected by municipal, provincial or federal government agencies
- Reports issued by research institutions
- News reports
- Academic journals
- Newsletters
- Magazines and newspapers
- Pamphlets
- Encyclopedias
- Financial statements and reports
- Legal documents
- Universities, colleges, and technical institutions
- Business directories
- Professional associations or unions (including business associations)
- Records and reference materials located in public or private libraries
- Banks
- Demographics and market research compiled by businesses and media outlets about their clients or audience
For further reading, check out our blog post about when to use secondary market research.
Nice article on secondary research
very useful thank
Can a website be another example.
Hi Jim. It depends on the website! If it’s an official website such as a governmental or academic one, sure. If it’s a business or “just for fun” website created by a person like you or me, it’s always best to look for cited sources before taking any statements into account.
[…] Garner, S. (2015, June 13). Examples of secondary market research | GoForth Institute | Canadian Entrepreneur Training. Retrieved from https://canadianentrepreneurtraining.com/examples-of-secondary-market-research/ […]
I love the way this website really shows the effect of using secondary market research. I have recommended this to all of my students and they all passed their tests, furthermore i have used this website for over 6 months now and have loved every bit of it.
Yours truly,