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> AMA Freelance market research analyst, I make a living from home in my pyjamas

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SUSnot your bro
post Apr 10 2019, 03:49 PM

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how to get client? how do you market yourself?
TSmesothelium
post Apr 10 2019, 03:51 PM

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QUOTE(PrincZe @ Apr 10 2019, 03:36 PM)
is it possible for newbies to join you and learn a thing or 2? im interested to earn more actually
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I don't know how good a teacher I will be since I'm largely self-trained, again, I fell into this business by accident in the first place. But I am happy to try to help. smile.gif

QUOTE(doppatroll @ Apr 10 2019, 03:36 PM)
Nice job but tedious ones.....coz you data have to be accurate not manipulated
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It's actually easier to be accurate in reporting data rather than taking the time to manipulate it. For desk research, it is important to use good quality sources, e.g. Department of Statistics, BNM, and just cite them. Of course, quality of data is an issue especially when you do research for less developed countries, but you try to just assume it is correct because what choice have you got? For primary research, you can only try to make sure your sample is as unbiased as possible, but after collecting the results, it is much easier (and better) for me to report them accurately than to manipulate them to fit some agenda.

SUSnot your bro
post Apr 10 2019, 03:52 PM

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have your client ever caught your lying about the data, or how do you ensure those data that you are referring to are correct?
whyamiblack
post Apr 10 2019, 03:53 PM

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QUOTE(bukechi @ Apr 10 2019, 03:24 PM)
how do u seperate work and vacation since everyday also work can and everyday also vacation can


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Don't fall into this trap and lie. There are no vacation day as a freelancer. A day off is either a day unpaid or a day less that you get to spend on the project. MC from the doctor will be useless because you have no one to give it to.

This post has been edited by whyamiblack: Apr 10 2019, 03:55 PM
ketupatlazat
post Apr 10 2019, 03:55 PM

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Why are your replies so long?
MiLKTea
post Apr 10 2019, 03:56 PM

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How did you find such job?
Is it a permanent job or freelance job?
Starbucki
post Apr 10 2019, 03:57 PM

Ayam betmen
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How is your hourly rate like, and is there a cap for each project?
lotter92
post Apr 10 2019, 04:03 PM

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You should post in serious /k instead of here. A lot of retards infested the thread already.

Anyway, back to question, I'm doing freelancing as well. How do you record your transaction? Do you register SSM?
TSmesothelium
post Apr 10 2019, 04:04 PM

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QUOTE(M4A1 @ Apr 10 2019, 03:47 PM)
how many %

qual
quanti
desk report
MSS
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Desk report maybe 80% by volume, 60% by revenue. The remaining is about 50% quant:50% qual. I'm a bit quant focused but I think qual is important too, because that's where you can really show your insights (if you have any lah).

QUOTE(nookie188 @ Apr 10 2019, 03:48 PM)
Thanks for sharing...

You do have an excellent command of the english language so i reckon that is extremely important in your line of work..

do you advertise your services on FB ?  Do you rely mainly on recommendations from clients and how much time do you spend
a day working?
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English language skills are helpful but I think non-essential. The main thing is communicating the message to the client. Of course, for agency work, writing good English helps to reduce your editor's workload and makes your editor happy. Happy editors mean more work and better pay. smile.gif

I have not advertised. Most of my work is for longstanding clients although I do get a few clients from time to time that have been referred to me either by past clients or by contacts (mostly lawyers and accountants). I spend about 4-5 hours a day working on this and I've spent most of my other working hours trying to start a business. But that bit hasn't worked out. Turns out I'm better writing about businesses than starting them. smile.gif

QUOTE(not your bro @ Apr 10 2019, 03:52 PM)
have your client ever caught your lying about the data, or how do you ensure those data that you are referring to are correct?
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Cite, cite, cite religiously! It helps to even take screenshots of the sources so that you are able to justify your figures if a client asks. However, in my experience, clients rarely ask. It might happen once every 2 years.

QUOTE(ketupatlazat @ Apr 10 2019, 03:55 PM)
Why are your replies so long?
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I'm trying to vomit as much info from my head that I can in the hope of being helpful. Don't want to miss something out. smile.gif
TSmesothelium
post Apr 10 2019, 04:14 PM

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QUOTE(Starbucki @ Apr 10 2019, 03:57 PM)
How is your hourly rate like, and is there a cap for each project?
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Hourly rate varies a lot but I am happy if it is higher than RM120 per hour. In practice, clients work within a budget, and if what they want will take too much time and push me too far off the RM120 per hour benchmark, I encourage them to revise their scope of work.

QUOTE(lotter92 @ Apr 10 2019, 04:03 PM)
You should post in serious /k instead of here. A lot of retards infested the thread already.

Anyway, back to question, I'm doing freelancing as well. How do you record your transaction? Do you register SSM?
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It's not that serious, let people have some fun if they want. More people seem to look at this than serious /k anyway. smile.gif

At the end of the month, I send an invoice to the clients for all work and record all of that as revenue for tax purposes. I don't have a sole proprietorship, partnership, company, so I file a Borang B to SSM at the end of the month.
lagista
post Apr 10 2019, 04:16 PM

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So you're the one that writing economic doomsday recession year this n that ?
kerolzarmyfanboy
post Apr 10 2019, 04:17 PM

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but can u advise the hidden cafe owner on how to properly manage a cafe business?
HAoCHa
post Apr 10 2019, 04:20 PM

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Quality tered. Parking
ReWeR
post Apr 10 2019, 04:21 PM

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QUOTE(mesothelium @ Apr 10 2019, 03:14 PM)
Since 2009, I have been making a living working from home writing market research reports. Ask me anything you like! Where possible, I'll try and edit this post later on to reflect my answers to good/popular questions. A few Q&A type questions to get the ball rolling.

WTF do you actually do?!
There are broadly two types of jobs that form the bulk of my work which depends on the types of client I get:
(i) Research agencies want high level reports, e.g. "Retailing in Malaysia 2018" or "Oil and Gas Malaysia 2018". This involves looking for a lot of information from the press, databases, etc. and compiling them into a report. The idea is that the reader will be able to get a high level view of what Retailing in Malaysia looked like in 2018 after a quick read through of the report.

(ii) End clients have more specific requirements. For instance, a client might have a business idea, e.g. "I want to set up a cafe on the 1st floor in Cheras" and then I would might do some of the ground work to help the client decide if they want to take the idea further or not. I also get foreign clients who want to bring a product into Malaysia and want to know what the market is like, e.g. "What is the market for Korean strawberries like in the Klang Valley?" Again, it is about presenting the information to them to help them decide whether to take it further.

Are the hours flexible?
Absolutely. This is one of the pros of this line of work and exactly why I got into this gig in the first place. My clients generally do not care if I put x number of hours into their project per day, or that I must be at the desk from 9-5. What they would like to see is updates every 1-2 weeks and progress towards the end deliverable.

Do I need to learn any special software to do this work?
In some cases, software helps to speed the work up but it is not necessary. For a freelancer, speed is everything (obviously the quality must be there). Faster writing means more revenue per hour. Excel skills are a must because you will end up doing quite a bit of number crunching. I have used SPSS in the past to do a lot of bulk statistical calculations but I can count the number of projects where I have needed to use SPSS on the fingers of one hand.

Most important /k question: can make 20k?
It is possible but you have to be able to work fast and work a lot. When I started this line of work, I couldn't even come close. But as I became familiar with the tools of the trade, and with what readers and editors are looking for, earnings went up. I could probably have hit the 20k per month mark but this has always been a side gig for me so I've not put in enough hours to regularly make a 20k/month income. For someone who wants to do this more diligently, it is completely possible.
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I'm interested to join this type of work force after I read your descriptions.

But how do newbie join? Is there a point of contact or company that they need to get in touch with? Do you have an agent that get the job for you?

I think new joiner like me probably don't even know where to start or find the clients.

(you can PM me if you think this info might be a bit sensitive)

atmosthere
post Apr 10 2019, 04:23 PM

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any experience doing market research for IT system? one of my client wants me to justify business requirements for my company IT system that they might want to procure.
bylkw2
post Apr 10 2019, 04:23 PM

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so u only summarize n visualize existing (secondary )data that fits ur client needs?

do u conduct interview or distribute surveys to collect primary data?
if yes how are u gonna do for the huge amount on ur own?

do u provide insights from these or just visualization n reporting ?
SUSAlexcky2
post Apr 10 2019, 04:28 PM

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Hey bro, we can work together.. If your client looking for ISO certification can refer me and I also can refer my client to you
Starbucki
post Apr 10 2019, 04:46 PM

Ayam betmen
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Thanks for your earlier reply.

What are the qualifications you have, and your years of experience (both related and unrelated to this work)?
TSmesothelium
post Apr 10 2019, 04:47 PM

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Some very cool questions here. I'll just group them in one answer.

There is quite a lot of overlap between IB research analysts and consultants with a market research analyst. I think with a bit extra training, each one of these could switch to the other profession with little adjustment problems.

The key difference between an IB analyst and market research is the IB analyst might look at the security - equity/debt/hybrid/derivative - and come up with a
recommendation as to whether it is worth buying/selling/holding. Market research analysts are less concerned about individual companies, much less individual securities, and definitely do not make buy/sell recommendations. Market research analysts tend to consider industry drivers as a whole. Companies are included in the research because they are players within the industry. Macro factors are also considered as they influence the industry in various ways. But the focus is mostly the industry. So, a market research guy shouldn't be making predictions as to the performance of the economy either, this is the area of focus of the economist, perhaps.

There's probably more overlap between market research and consulting, and market researchers do tend to use some of the analytical frameworks that consultants use. But, unlike consultants, market researchers don't make recommendations on what to do for individual circumstances. We - at least I - am not, say, a cafe expert so I might not be able to tell you how to optimise your cafe business. I will have insights on things like optimal opening hours (for cafes as a whole), product pricing, product mix, demographics of the residents in the area, but I will not be an operational consultant. I will leave that to guys who have expertise running cafes.

QUOTE(Richkierich @ Apr 10 2019, 03:22 PM)
Market research reports? Are you by any chance under a bank's or IB's payroll? I thought the banks already have their whole research teams to do this.
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QUOTE(kerolzarmyfanboy @ Apr 10 2019, 04:17 PM)
but can u advise the hidden cafe owner on how to properly manage a cafe business?
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QUOTE(lagista @ Apr 10 2019, 04:16 PM)
So you're the one that writing economic doomsday recession year this n that ?
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TSmesothelium
post Apr 10 2019, 04:51 PM

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QUOTE(bylkw2 @ Apr 10 2019, 04:23 PM)
so u only summarize n visualize existing (secondary )data that fits ur client needs?

do u conduct interview or distribute surveys to collect primary data?
if yes how are u gonna do for the huge amount on ur own?

do u provide insights from these or just visualization n reporting ?
*
Secondary data analysis ended up being most of the work I do. But I have also done surveys and interviews. Getting the numbers is not easy, that's for sure. For Internet surveys, I use third party providers who have ready panels that they can distribute the survey to. It's not feasible for me, as a solo warrior, to build that infrastructure myself. For interviews, I've hired admin staff to cold call people who might be willing to participate - sometimes, I've done this myself. You'll be surprised that there are people out there who are very happy to talk about their business and who are very forthcoming with information.

Visualisation and reporting is most of what clients are looking for. Where possible, I try to provide as much insights as I can because I think that is a value add that clients appreciate.

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