Methods of Data Collection
Methods of Data Collection
Experts:
• Experts working in the company can also be a good
source of internal data.
• However, this source is least tapped. A limitation of this
source is that information is in the expert’s mind and
not on paper.
• The experts can provide useful information or ideas on
a given marketing problem whenever a serious
discussion is held in a meeting.
• External Sources
• The external secondary data do not originate in the
firm and are obtained from outside sources.
• It may be noted that secondary data can be
collected from the originating sources or from,
secondary sources.
• For example, the Office of the Economic Adviser,
Government of India, is the originating source for
the data on wholesale prices.
• In contrast, a publication such as the Reserve Bank
of India Bulletin containing some parts of the series
of wholesale prices is a secondary source.
• Government Publications: A large bulk of secondary
data useful to a marketing researcher is found in
various government publications. The data relate to
various characteristic such as the break-up of
population by sex, rural urban residence, age,
education and occupation. While it is true that these
statistics are available only decennially, they are the
most authentic and are often used as the basis for
projection for future years.
• Structured-unstructured Observation
• Structured observation is used when the research problem
has been formulated precisely and the observers have been
told specifically what is to be observed. They may be given
a simple form to record their observations. They are
considered appropriate in descriptive studies.