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

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jayko
post Apr 10 2019, 04:52 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.
*
do u advertised your service at freelancer.com, they rate is not very good. taking a huge cut out of your service, do you use other platform?

SUSpeters
post Apr 10 2019, 04:53 PM

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You are like a human Google. How much you can earn in a month? Rm10k?
Richkierich
post Apr 10 2019, 04:53 PM

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Dude I'm interested in becoming one, where do I start? Any links etc?
BeastB
post Apr 10 2019, 04:56 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.
*
Are you open to another job? I am a co-founder of an online platform and am looking for someone reliable who knows his/her way around financial/investment topics (global). Doesn't have to be an expert, but good at research and writes well.

Inbox me if you're available.

shirohamada
post Apr 10 2019, 04:56 PM

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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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Buy gold.
#doomsdaypreppers
motion_sickness
post Apr 10 2019, 05:01 PM

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quality thread.

did u ever had any client from hell?if yes what kind of demand did they ask you to do and how u deal with it?
TSmesothelium
post Apr 10 2019, 05:01 PM

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QUOTE(Starbucki @ Apr 10 2019, 04:46 PM)
Thanks for your earlier reply.

What are the qualifications you have, and your years of experience (both related and unrelated to this work)?
*
This is where I reveal I am oldfag (39 years this year). smile.gif

My degree was in computer science and I spent maybe 3 years in programming and sysadmin, and then 2 years as consultant and business development. Did some further studying in finance and have now been doing market research for 9-10 years.
KLthinker91
post Apr 10 2019, 05:06 PM

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From: Cherasboy
parking dulu

very interesting thread

finally some good quality topic in /k
incubus_skj
post Apr 10 2019, 05:06 PM

oh mai gotto
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QUOTE
(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"


topkek TS laugh.gif laugh.gif laugh.gif
lagista
post Apr 10 2019, 05:15 PM

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QUOTE(mesothelium @ Apr 10 2019, 05:01 PM)
This is where I reveal I am oldfag (39 years this year). smile.gif

My degree was in computer science and I spent maybe 3 years in programming and sysadmin, and then 2 years as consultant and business development. Did some further studying in finance and have now been doing market research for 9-10 years.
*
Issit wrong to cook-up the accounts just to give higher dividends prior to GE14 ?

How cunning is put option in buying shares only to find out the seller refused to buy it later?

Do u write about financial frauds, money laundering also?
Starbucki
post Apr 10 2019, 05:23 PM

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QUOTE(mesothelium @ Apr 10 2019, 05:01 PM)
This is where I reveal I am oldfag (39 years this year). smile.gif

My degree was in computer science and I spent maybe 3 years in programming and sysadmin, and then 2 years as consultant and business development. Did some further studying in finance and have now been doing market research for 9-10 years.
*
Thanks again.

Do you still pitch your services, or do you tag to research companies?
Camera2heavy
post Apr 10 2019, 05:30 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.
*
Hi TS, I'm currently working as a writer for a local entrepreneurship/property magazine as well. Reading through your job description, I'm curious as to what are the major differences between both our line of work?

I see a general overlap in job scope. I do conduct interviews with industry players on a regular basis, dig out secondary research reports and RAW data from NGOs and governmental websites, compile them into a neatly, easily digestible form. The only difference I can see is that I am not qualified to make any recommendations, and the content of your work is largely dictated by the client instead of the general public.

I'm also curious as to the output efficiency of your line of work. My general quota is 700-1000 words per day, 2400-ish words per article and I have heard worse horror stories from content mills as well. How large are your reports are in general, and how long does it usually take to complete them?
TSmesothelium
post Apr 10 2019, 05:31 PM

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I was introduced to this business by a friend. Actually, I started with Euromonitor International. I was very new to the business at the time but, looking back, I feel that they provided an excellent introduction to the various stages in the workflow. Entry was pretty straightforward. Send a resume and cover letter, do an online screening test and then attend a phone interview with one of their managers. Look, they've even posted a recruitment ad about a month ago. It looks closed now but that might open up again soon. Alternatively, try e-mailing them directly.

https://www.linkedin.com/jobs/view/market-r...nalSubdomain=my

QUOTE(ReWeR @ Apr 10 2019, 04:21 PM)
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)
*
QUOTE(Richkierich @ Apr 10 2019, 04:53 PM)
Dude I'm interested in becoming one, where do I start? Any links etc?
*
TSmesothelium
post Apr 10 2019, 05:32 PM

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QUOTE(lagista @ Apr 10 2019, 05:15 PM)
Issit wrong to cook-up the accounts just to give higher dividends prior to GE14 ?

How cunning is put option in buying shares only to find out the seller refused to buy it later?

Do u write about financial frauds, money laundering also?
*
I think you might have mistaken me for Clare Rewcastle-Brown. smile.gif
ReWeR
post Apr 10 2019, 05:37 PM

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From: KL


QUOTE(mesothelium @ Apr 10 2019, 05:31 PM)
I was introduced to this business by a friend. Actually, I started with Euromonitor International. I was very new to the business at the time but, looking back, I feel that they provided an excellent introduction to the various stages in the workflow. Entry was pretty straightforward. Send a resume and cover letter, do an online screening test and then attend a phone interview with one of their managers. Look, they've even posted a recruitment ad about a month ago. It looks closed now but that might open up again soon. Alternatively, try e-mailing them directly.

https://www.linkedin.com/jobs/view/market-r...nalSubdomain=my
*
thanks a lot for your info biggrin.gif

unfortunately i see their status: no longer accept applications

I'll email and hope for the slightest chance. tongue.gif
Theira
post Apr 10 2019, 05:42 PM

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how do you pitch for market research projects?
for example, if company A is venturing into this new sector;
- how you do pitch for them in the first place for them to notice you
- what is the usual scope of coverage in terms of content?
- how do you charge? scope of work/time/labour/etc?
- how are you credible? you already have past track records?
- if too big of a project, do you sub it out?
- how do you prevent your work from being plagiarized?
TSmesothelium
post Apr 10 2019, 05:52 PM

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More great questions.

I have never advertised directly on any website so I can't tell you. However, I think non-specific freelance job boards like freelancer.com don't tend to be very good for finding lucrative jobs. I've had a look just to see what's out there and there are a lot of people out there - typically SME start-up owners - searching for freelancers to do some due diligence work for them for $10-15/hour. That's not the market I am looking for, to be honest. Where possible, I try to work with repeat clients or research companies who I'm happy working with and who have a good track record for payment. Last year, I tried doing a lot more pitching to see what else is out there and it ended up being a lot of hours spent with no results to show for it.

QUOTE(jayko @ Apr 10 2019, 04:52 PM)
do u advertised your service at freelancer.com, they rate is not very good. taking a huge cut out of your service, do you use other platform?
*
QUOTE(Starbucki @ Apr 10 2019, 05:23 PM)
Thanks again.

Do you still pitch your services, or do you tag to research companies?
*
TSmesothelium
post Apr 10 2019, 06:11 PM

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QUOTE(peters @ Apr 10 2019, 04:53 PM)
You are like a human Google. How much you can earn in a month? Rm10k?
*
About the money question, I've updated the original post to give more clarity. smile.gif

It depends on how much time you are willing/able to put into it. I have found I can make about 8k-10k per month for what is a part-time gig, i.e. 60-80 hours per month. Your mileage may vary - higher if you have some real specialist skills, lower if you're totally new to the business. I've not tried to go for the 20k per month from this job, so I'm not sure if that will really work. Going to 20k per month means (i) putting in more hours (obviously) and (ii) finding more clients. The second part arises because it's unlikely there is going to be a single client who will have enough capacity to give you 20k per month worth of work.
cHaRsIeWpAu^^
post Apr 10 2019, 06:21 PM

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who to ensure your report is correct? based on the trust between you and your clients?

is your works something like those i read in euromonitor?

what academic background you having?

-edited-

i just knew that you're actually working in euromonitor, i read a lot of reports in euromonitor when i was in uni with access with it. rclxms.gif heck, im their 'fans'.
now no longer have chance to read it anymore because dont have so much of money for its subscription fee.

This post has been edited by cHaRsIeWpAu^^: Apr 10 2019, 06:27 PM
jayko
post Apr 10 2019, 06:22 PM

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QUOTE(mesothelium @ Apr 10 2019, 05:52 PM)
More great questions.

I have never advertised directly on any website so I can't tell you. However, I think non-specific freelance job boards like freelancer.com don't tend to be very good for finding lucrative jobs. I've had a look just to see what's out there and there are a lot of people out there - typically SME start-up owners - searching for freelancers to do some due diligence work for them for $10-15/hour. That's not the market I am looking for, to be honest. Where possible, I try to work with repeat clients or research companies who I'm happy working with and who have a good track record for payment. Last year, I tried doing a lot more pitching to see what else is out there and it ended up being a lot of hours spent with no results to show for it.
*
gotcha, thanks for the great inside in this field, your logic make sense, the time investment you put into it, gotta be good ROI, else it is not worth the time nor effort, agreed on your point is that, look for the big fish, dont waste time on small fish. lol

so your areas are more on market research, it doesnt matter what field it is in? like for example, property market, new product release, or do you have specific area where you are more incline to work with as that is your specialty?

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