In the world of market research, we can only get so far by relying on hard, numerical data.
Hard metrics like (generated from quantitative research) are extremely useful and should form a core part of any business strategy. But they only tell part of the overall story.
To dig deeper and gain a fuller picture of why our customers behave the way they do, it’s important to consider supplementing quantitative research with a more qualitative approach. Qualitative research is based on conversational and open-ended communication and aims to dive a little deeper than quantitative metrics and explore the why behind customer’s actions.
If you want to get the most out of your research, you should be using both approaches. In this guide, we’ll take a look at what qualitative research is, what makes it so useful, and how you can employ it in your own work.
Quantitative research:
Quantitative studies are extremely valuable. They allow us to gain a reliable, accurate understanding of what’s happening in our market and amongst our customers, and make clear-headed decisions that influence the bigger picture. But quantitative data alone isn’t enough.
Qualitative research is more human-focused. It’s less concerned with numbers and figures, and more focused on what customers have to say. It can take the form of interviews, focus groups or online communities and its goal is to dig into the more intangible and subjective reasons why customers behave the way they do.
Qualitative research is useful because it helps us dive into the human factors driving our customers’ actions. People are complex and often unpredictable, and our behaviour can’t really be boiled down into a series of metrics..
For example, we might know that sales for one product are outperforming another. But why is this happening? Our hard metrics can show us the overall trend and might allow us to pinpoint certain glaring patterns, but they don’t tell us what’s going on in our customers’ minds.
For this, we need qualitative studies. We need to gain insight into the microtrends that lie beneath bigger patterns.
The benefits don’t end there, though. Qualitative research means getting to know your customers and their motivations better. Here’s how that helps:
Qualitative research is made up of a range of different methods and techniques. Each has its own use cases, and the best approaches will combine several methodologies based on your customers and your goals. Here are some of the main methods:
Traditionally qualitative research was done according to the grounded theory method. This is a framework for research that involves collecting qualitative data through the above methods and then using that data to form a theory or hypothesis. However, it’s easy to underestimate the sheer amount of data you can collect through qualitative research and this is particularly true of online methods such as online communities. As such, it’s often not feasible to use the grounded theory method. At Kadence we take a different and more structured approach, exploring hypotheses with key stakeholders and designing the research so that we can test these. This means that the research is tightly focused on the areas that matter most to stakeholders, ensuring that the insights we uncover are actionable.
Qualitative research is essential if you want to truly understand your customers and improve your product or service to deliver what they want and need. It goes hand in hand with more quantitative methods of research and helps add context, explanation, and depth to the more numerical and data-based metrics.
At Kadence, we can help you get the most out of qualitative research, to better understand your customers and market on all levels. To find out how, get in touch with us.