B2BVault's summary of:

How to do market research in 4 steps: a lean approach to marketing research

Published by:
Hotjar
Author:
Louis Grenier

Introduction

You don't need big budgets or fancy tools to do great market research. This article shows you how to do it quickly and simply in four steps.

What's the Problem It Solves?

Most small companies don’t truly understand their customers. Without this understanding, they waste time, money, and effort building things people don’t want. This article gives a simple way to learn what your customers really think, want, and need—without overcomplicating it.

Quick Summary

Market research helps businesses figure out who their users are, what they want, and what’s not working. But many people think it’s too hard, expensive, or time-consuming. That’s where lean market research comes in. It’s a faster, simpler way to learn about your customers without needing a full research team.

The article explains four easy steps anyone can follow. First, create basic user profiles based on short surveys that ask about people’s goals and problems. Next, watch how users actually behave—either by observing them in real life or recording their actions online. Then, have short, honest interviews with real users to understand their feelings, thoughts, and needs. Finally, look over all the notes, group similar ideas together, and create simple maps that show how people interact with your product. These steps helped a company called Smallpdf fix key problems and make their users happier.

Lean market research is powerful because it helps teams stop guessing. It keeps your work focused on real problems and solutions your customers care about. Best of all, it doesn’t take much time or money to start doing it.

Key Takeaways from the Article

  • Market research doesn’t have to be expensive or slow—lean methods work faster and smarter.
  • Start by understanding who your users are and what goals or problems they have.
  • Watch how users actually use your product, not just what they say about it.
  • Talk to real people and listen more than you speak.
  • Use easy tools like surveys, interviews, and recordings to gather honest feedback.
  • Don’t drown in data—sort it, group it, and turn it into simple visuals.
  • Research gives you the “why” behind customer actions—not just the “what.”
  • The best results come from testing, tweaking, and learning quickly.
  • Even small changes based on research can lead to big improvements.

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