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Market
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Market research Surveillance and investigation |
To properly devise a market entry
strategy, you have to understand the local market. Is your product really what people
need? Should you alter your product to
suit the local market? Is there enough
demand to justify your opening a local production facility? |
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Many foreign investors make wild assumptions about market
potential in China. While the cliché of
1.3 billion consumers is trotted out almost daily, it grossly oversimplifies
the nature of the Chinese market.
Because of vast differences in income levels and tastes, China should
be split into many markets. Poor
farmers in China’s Northwest, for example, are unlikely to buy expensive
consumer goods, but many foreign investors seem to ignore this.
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Failures to properly assess the market have led to many mistaken
investments. Foreign investors have
built factories with massive overcapacity, or installed assembly lines for
products that consumers and corporations in China don’t need or don’t
want. |
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Conducting proper market research before entering the market is
the key to developing an appropriate market entry strategy. It allows investors to choose the right
market entry vehicle, tailor products to local markets, and locate
geographical and other target markets.
Even companies that have already made investments in China can
benefit from market research – it can help them to rethink their strategies
to improve their performance. |
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How we
can help Sinogie Consulting can conduct market research projects to give you
the information you need to develop your corporate strategy in China. We offer in-depth market research
addressing both corporate and consumer markets. Our team of market research specialists can
cover every major city in Mainland China.
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Each market research report is tailor-made: we can conduct
anything from a telephone survey or street survey covering thousands of
respondents to a six-person focus group.
We can provide both quantitative and qualitative research projects. Our market research team can conduct projects to examine issues
such as product preferences, brand recognition, effectiveness of advertising,
purchasing methods, preferred sales outlets, price points, and any other
issue which will help you develop your products and your sales strategy to
maximise your profits. As well as interviewing the people who make up your target
market, our policy
research unit can conduct interviews
with government officials, representatives of industry associations, and
other individuals who can give information on crucial aspects of government
policy and other issues which may affect your operations in China. |
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To develop an even more in-depth understanding of market conditions,
clients can combine information from our market research with our industry reports, which contain information on potential rivals, government
policies and plans, market growth, and other issues. |
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For more information on how
Sinogie’s market research services can help you, please e-mail
us, or call us on +86 21 6886 9328 (Shanghai) or +852 2517 4518 (Hong Kong). |
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