
Throughout the course of his book Cult of the Amateur Andrew Keen discusses how the Web 2.0 society in which we live is killing off various professions ranging from journalism to music. There is good news and bad news regarding this trend. The good news – many professions will remain (relatively speaking) safe from being overthrown by the web. The bad news – market research is not one of them.
Two Web 2.0 outlets which are going from strength to strength seriously threaten the market research industry as we know it. Firstly, DIY research outlets such as Survey Monkey and Survey Galaxy mean that anyone with a keyboard can conduct their own survey and download an excel spreadsheet filled with data – for virtually no cost. Even if a DIY researcher has to pay for a sample, they will not have to pay for project management, DP, analysis and so on, making DIY market research extremely accessible and cheap to anyone with an internet connection.
Secondly, the concept at the core of market research is on its death bed. Asking questions is rapidly going out of fashion. The rise of social media research means we no longer have to ask questions to get answers, as consumers are having on-line conversations about brands and products at their own accord. All that remains for Web 2.0 researchers to do is look into what consumers are saying in regards to a research question and voila, the answers are there on-screen.
Alas, all is not lost for market research. Questionnaire scripting, conversational analysis and Excel data may be accessible for a knock down price in the world of Web 2.0, but there are many research services that the internet cannot offer. Skills such as conjoint design, ethnographical interviewing and multivariate analysis are unlikely to be provided by outlets other than market research agencies. This means that should you require an ethnographer or statistician then your only option will be to use the services of professional researchers.
Bearing all of this in mind, market research is not quite at the stage where it can be replaced by a Web 2.0 equivalent a la Britannia and Wikipedia. That said, we need to ensure we continue to provide services above and beyond the heavily price discounted research offerings available via the internet. This way market research can continue to be needed, relevant and worthwhile, whilst gaining some momentum for the “cult of the professional”.









