Secondary data is information that already exists and only needs to be accessed, extracted and put into a usable form.
It can come from inside or outside the business.
Research using secondary data is often called ‘desk research’ or a ‘non-reactive survey’.
7.1 INTERNAL SOURCES
Key internal sources concerning actual and potential customers include:
Sales records
Sales staff reports
Responses to advertisements
Customer information should be recorded logically, whether on written records, card indexes or a computer database.
Important customer information to record includes:
Organisation name
Address
Contact person’s name
Contact person’s position
Phone/fax/email details
Details of the customer’s business
Products/services purchased or of interest
Details of products/services sold, including dates and volumes
Notes of letters, brochures or quotations sent
When enquiries result from advertising, record the publication where the respondent saw the advertisement.
This helps assess advertising effectiveness and avoid wasting advertising budget on publications that do not generate useful sales leads.
7.2 EXTERNAL SOURCES
Potential external sources include:
Government statistics
Local authority statistics and plans
Trade associations
National/local press and specialist trade magazines
University studies
Research organisation studies
Trade directories
Company reports
The internet
A major challenge is limiting research to sources that provide relevant information while avoiding unnecessary information.
Secondary data is particularly useful for understanding the wider market picture.
Example: national/regional statistics can estimate market size; trade directories can identify manufacturers; company reports can provide information about trade volumes and future plans.