Category: Market Research

King of Marketing Startup Advice about Market Research #KingofMarketing

Listen to the most recent episode of my podcast: #KingofMarketing Do market research to form a great plan #Startup advice by #MikeArmstrong 🔬🎙👑💪😎🙌🏴󠁧󠁢󠁷󠁬󠁳󠁿🇬🇧🌍 https://anchor.fm/mike-armstrong9/episodes/KingofMarketing-Do-market-research-to-form-a-great-plan-Startup-advice-by-MikeArmstrong-eg8eq0

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How to Get Started with Your First Social Listening Campaign

Social listening isn’t a manual job. To get the most out of social listening (more on that in the previous article about social listening), you’ve got to choose the right tool.

Choosing a tool is all about balancing out your budget and the features you need (and what isn’t). The internet flourishes with the lists of “best social media monitoring tools”, so there won’t be a problem choosing the one most suitable for your brand.

Most tools (and all paid tools) will have a detailed step-by-step guide that teaches you how to do the monitoring. But as the whole process is quite simple, I’ll give you the gist right here.

ESTABLISH YOUR GOALS

Depending on your goals, you’ll have to choose the keywords you wish to monitor.

If your goals are customer care, brand reputation, or product research, you will have to monitor brand names and, optionally, product names.

Brand names include:

  • The name of your brand (e.g., Audi)
  • The social media profiles of the name (e.g., @AudiOfficial)
  • Any common abbreviations and misspellings of your brand

You might also want to search for your product category, but that depends on the category. For example, it makes sense to search for iPhone if you’re Apple, but makes no sense to search for “oranges” if you’re Whole Foods.

If your goal is competitor research, you should monitor your competitors’ brand names and possibly, their product names. The list of keywords is the same as it is for your brand.

If you’re interested in market research, you can monitor your industry (e.g., “product feedback tools, product feedback app, product assessment app”; “vegan cafes, vegan restaurants”, “vegan food”) as well as your brand name and your competitors’ brand names.

With regards to social selling, the task becomes more complicated. Your goal is to find not only conversations that include your industry, but also people looking for your product specifically. Or maybe even just the latter.

For that, you need a tool with the Boolean search option – a manual keyword search that allows for unlimited keyword flexibility – and a list of phrases that people use when searching for a product, such as “can anyone recommend”, “does anyone know”, “looking/searching for a”, etc. These word combinations together with the product description will get you the results you’re looking for. Another list of phrases that you can include will be about your competitors. Search for your competitors’ brands together with word combinations such as “alternative to”, “better than”, “disappointed with” and see what happens.

For influencer marketing, you’ll need a tool that finds influencers for you. Your keywords will be your brand name (to find brand advocates) and industry keywords (to find industry influencers). A few leading tools you should have on radar include Followerwonk, specifically dedicated to Twitter and influencers on the platform, Klear, a more broad option helping you find influencers across Instagram, Twitter, YouTube, and blogs, and BuzzSumo, which can help you double down on your efforts around finding influencers and content creation.

Finally, for link building, you’ll need a tool that has a Boolean search option and allows you to find unlinked mentions as well as search for blogs. Here, you’ll need to limit your search to blogs and forums (meaning, you’ll have to exclude social networks) and monitor your brand name and your industry keywords with the setting that excludes linked mentions.

Work with the results

Getting the results is just half the job. Once you have your mentions feed, your graphs, and your influencer lists, what do you do?

If your goal is customer care, you’ll end up looking through mentions one by one and replying to the ones that require a response. In most tools, you can filter them by sentiment and deal with the negative mentions first. You can also sort them by the number of the author’s followers and deal with the most influential authors first.

To simplify your work with mentions, you can assign them to different groups and sometimes to different team members.

Analytics is here to show you the big picture.

If we’re talking about your brand, first, you’ll inevitably see the level of its popularity online. You’ll see how that level changes in response to your efforts (e.g., campaigns, product launches) and in response to external stimuli (e.g., season). You’ll see how the buzz around your brand is different in various locations and languages (if applicable), and which social networks your audience prefers. This might be, and should be, reflected in your future marketing plans.

Then, you’ll move to the sentiment analysis and you’ll get a more detailed picture: not just that the buzz exists, but what kind of buzz. What’s the brand’s reputation, how it changes across different social media platforms and different news outlets, blogs, forums; how it changes in reaction to all the same things mentioned above.

Demographic and user behavior data will show you where the mentions are coming from: both in terms of geographical location and the web location.

Monitoring specific keywords will also show you topics that are used alongside your keywords. This way, you’ll know what your brand (product, personal name) is associated with online.

If you’re doing competitor research, you’ll also see a whole range of analysis going on there: your brand’s share of voice and how your brand compares to your competitors’ on all kinds of factors.

As talked about before, different tools contain different analytics features. The ones described above are the features that can be found in mid-tier tools and enterprise-level tools. It’s worth noting that the best enterprise tools will have an even bigger range of what you can do with the data.

Like any part of your marketing workflow, social listening is bound to be adjusted and changed according to your changing goals over time. However, at every point of your company’s growth, social listening is much needed, whether it’s about just finding your audience or making sure they stay loyal to your brand.

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The post How to Get Started with Your First Social Listening Campaign appeared first on Social Media Week.

http://socialmediaweek.org/blog/2020/03/how-to-get-started-with-your-first-social-listening-campaign/

How to Use an Experience Map to Make Your Customers Even Happier: The Ultimate Guide

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How to Use an Experience Map to Make Your Customers Even Happier: The Ultimate Guide
by christopherjanb

Customers. Complex bunch.

They pull out their wallets and purses to trade hard-earned dollars for stuff. Stuff we design, organize, grow, program, or manufacture.

Stuff like curved TVs. Endurance events. Spicy vodka. Graphic design textbooks. Massive multiplayer online games. Lilac bulbs. Tax preparation software. Workout regimens.

If customers buy the stuff you make, then you got two things right:

You built a healthy audience.
You built products they love, which, of course, explains their buying behavior — if they have the money and they want it, they’ll buy it.
It’s not magic. There’s a blueprint. A faithful roadmap.

But that’s not all of it.

Between those two poles (building the audience and building the product), there is an element we can’t ignore: the customer experience. Which, no matter how hard you argue to the contrary, is probably terrible.

Don’t kid yourself. Even if it is good, it can be better. And when the customer experience is better, your customers are happier. And when customers are happier, you make more money.

Which is exactly what a Bain & Company study reported.

Why the customer experience usually stinks
See, the story businesses tell themselves — a whopping 80 percent, in fact — is that they deliver a “superior experience.” Not just a good experience. But a superior one.

This story is fiction, however. Because when asked, only eight percent of customers believe these companies were actually delivering.

That’s a huge discrepancy. So, why this customer experience gap?

Two reasons:

Growth initiatives damage your loyal customer base. Initiatives like fee increases, feature changes, and license limitations. These changes piss off your best people.
Good relationships are hard to build. Need I say more?
As the authors of the Bain & Company report wrote:

It’s extremely difficult to understand what customers really want, keep the promises you make to them, and maintain the right dialogue to ensure that you adjust your propositions according to customers’ changing or increasing needs.

As the authors go on to write, even efforts to understand customers can backfire.

We pillage the data in our web analytics, harvest the results from surveys, and identify patterns in purchasing behaviors.

Good things to know, but ultimately “buyers become numbers rather than people, segments rather than individuals. Companies become deaf to the real voices of real customers.”

Thus, the quality of customer experience declines, which doesn’t surprise Bryan and Jeffrey Eisenberg.

How big data misleads marketers and execs
In their book Buyer Legends, the authors write, “This is the problem with all context-poor communication.” Without context, “statistics, test results, and best practices can often, and often have, misled many a marketer and executive.”

To successfully read data, the authors explain, you need to understand the physical, emotional, and psychological environments where that data is mined.

It’s a little bit like being an archaeologist, except your specimens are alive, not a scattered collection of ancient bones.

However, Avinash Kaushik points out what typically happens: “The thankless job of web reporting is to punt the part of interpreting the data, understanding the context, and identifying actions to the recipient of the data puke.”

Question is: Does that recipient understand the context? Probably not.

Furthermore, analysts think the consumer of the future is likely to resist “tidy consumer segments” — a cardinal marketing concept.

These analysts point to research that demonstrates low-income buyers reach for luxury items while high-end customers seek cheap items to satisfy basic needs.

This creates a “consumer in the middle.”

In their Global Agenda article “The Consumer of 2020,” market analysts James Allen and Darrell Rigby write, “understanding customers in the middle — and how they make purchasing decisions, depending on category, time of day, and even mood — will continue to be key to developing products and services.”

Pay attention to that line between the em dashes: “and how they make purchasing decisions, depending on category, time of day, and even mood.” They are talking about the customer experience.

So it’s not just about having the data, since Big Data is only half the equation …

The other half is Big Story.

How to make Big Data play nice with Big Story
“The ultimate challenge for data scientists,” says Laura Patterson in her article Why Your Data Scientists Need to Be Better Storytellers, “is to use the data to create stories. Data scientists worth their salt can use spreadsheets and visualization tools to support analysis.”

She continues:

Their real value lies in their ability to transform the data into a narrative experience for both internal and external communication.

Tough sledding, unless you have the right tools.

Tools like empathy maps, asset pillars, storyboards, personas, and worldview interviews.

But even with these tools, the insights can lead to fragmented, isolated stories. Your message, forgive the pun, is all over the map.

What you need is a way to merge all this data and these stories into one Big Story. But before we get into that, what exactly do I mean by Big Story?

Well, at this point, all I mean is the complete story of the customer journey with your product or service. From start to finish. It’s how a customer finds, interacts, and ends the relationship with you and your product.

That’s the Big Story. The only story, really, that matters. And it involves everyone in your company. Not just the developers, analysts, and marketers.

And to date, the best way to understand this journey is through the experience map.

The benefits of an experience map
“[The experience map] is the sum-totality of how customers engage with your company and brand,” says Adam Richardson, “not just in a snapshot in time, but throughout the entire arc of being a customer.”

And according to UX designer, Luke Chambers, it’s an idea that was borne out of the user experience. He unpacks some key benefits of the experience map:

Create consistency in your messages
Discover and capitalize on critical “moments of truth” for the user
Unite isolated departments across your company
Ignite a corporate focus on the customer
As the folks over at Adaptive Path point out in their helpful Guide to Experience Mapping:

When done well, an experience map illuminates the holistic customer experience, demonstrating the highs and lows people feel while interacting with your product or service. The process of mapping uncovers the key customer moments that, once improved, will unlock a more compelling and more valuable overall experience.

What does an experience map look like?
An experience map is a large visual of the path a consumer takes — from beginning to end — with your product.

The goal of this map is to get everyone on your team on the same page about the customer journey — so it is to be shared. In addition, the map must be an easy-to-understand, self-contained unit.

Here’s an example from Adaptive Path for Rail Europe:

This map demonstrates the journey a consumer would take while riding the trains in Europe. It follows her from the early stages of research and planning to the end of her trip.

You see what she is doing (searching Google, looking up timetables), what she is thinking during each action (Do I have everything I need? Am I on the right train?), and what she is feeling (Stressed: I’m about to leave the country and Rail Europe won’t answer the phone).

It’s framed in guiding principles (the red band at the top) and terminates with opportunities for Rail Europe (engage people on social media, improve the paper ticket experience).

In a piece on the Anatomy of an Experience Map, Chris Risdon at Adaptive Path suggests your experience map should have these five components:

The lens: This is how a particular person (a persona) views the journey. Keep in mind, this journey will not be the same for everyone. You will more than likely have more than one experience map.
The journey model: This is the actual design of the map. If all goes well, it should render insight to answer questions like “What happens here? What’s important about this transition?”
Qualitative insight: This is where the Doing-Thinking-Feeling of an empathy map comes in handy.
Quantitative information: This is data that brings attention to certain aspects of your map. It reveals information like “80 percent of people abandon the process at this touchpoint.”
Takeaways: This is where the map earns its money. What are the conclusions? Opportunities? Threats to the system? Does it identify your strengths? Highlight your weaknesses?
And now that we have a handle on this artifact, let’s see it in action.

How to create an experience map
For starters, get the right people in the room.

Invite a representative from every department in your company. If they touch the customer — in any way — invite them.

At a minimum, invite a person from sales, marketing, customer support, legal, human resources, finance, IT, research and development, production, fulfillment, and any stakeholder.

The Meeting Coordinator (MC) should send an invite for the meeting and explain that each person should come armed with a customer dossier. The MC can encourage the invitees to find this data in sources such as:

Call center logs
Web analytics reports
File logs
Customer satisfaction surveys
Personas
Interviews
One-on-one interviews
Comments on your blog
Amazon reviews
Real-life conversations
Support emails
Testimonials
The social web
Forums
Customer conversations
At the start of the meeting, the MC should make sure the meeting has these essentials:

Large whiteboard or chalkboard
Hundreds of Post-it notes
Enough markers for everyone (a mix of color works nicely)
A room large enough to fit everyone comfortably
Snacks and drinks (especially caffeinated liquids)
The MC should also lay some ground rules:

All suggestions are welcome — even if these are gut intuitions and not necessarily backed by documented facts.
All participants should feel free to approach the board to place Post-it notes, write, and draw to add to the map.
Don’t be afraid to use words to explain — a lot of words (I’ll explain below).
Risdon’s group at Adaptive Path suggests breaking up the map in a framework of what the customer is Doing, Thinking, and Feeling throughout the journey (see the Rail Europe map above for an example).

Other categories you may want to consider are Place, Time, Devices, Channels, Touchpoints, and Relationships.

This meeting should be a four-to-eight-hour affair. You want to work in one long stretch — of course with plenty of breaks, snacks, and a good lunch — until you’ve exhausted all avenues.

The whiteboard may look like a big mess. That is okay.

Designing your experience map
If all went well during the meeting, the whiteboard should be a hot mess. But the MC, a designer, and a marketer (with writing chops) should sort through the mess and bring it to resemble something like this:

You can find that map and other examples here.

When you sit down to sort through the mess, keep in mind you don’t have to add all touchpoints that are mentioned. Select only the most important. The pivotal moments.

What you are after is a comprehensive and meaningful picture of the customer experience with your product — so only include meaningful touchpoints.

Once the MC, designer, and marketer have created a meaningful timeline, it’s time to design. And the principles of good design for experience maps include these:

Keep it simple: any viewer should be able to make sense out of the map at one glance. Don’t be afraid to include description boxes.
Keep it self-contained: The experience map should stand on its own. Everything needed to understand the map should be included.
Keep it sharable: Create a three-foot by six-foot poster to hang on the wall, but also create an 11-inch by 14-inch laminated version you can pass around.
To quote Adaptive Path, “To tell a great story, you’ll need to focus, communicate hierarchy, sketch fearlessly, and try to keep it simple. When it all comes together, it’s time for the final payoff: using your experience map.”

Once the map has been shared, your next step is to analyze the map. Here are two tools to help you do just that.

Creating the “prescriptive experience map”
The first tool is called the SWOT matrix.

While a Strength-Weakness-Opportunity-Threat matrix is normally used to evaluate the future of a project or business, I’ve found the matrix useful in asking the right questions when evaluating customer interactions:

How do you know there is a problem? Is this a minor or major threat? How will it impact the company?
How do you know this is an opportunity?
Is this a strength? Is there a way to amplify this strength?
Is this a weakness? Will it be meaningful and profitable if we improve it? This is where the SWOT comes in.
The goal of this exercise is to help you find the actions, insights, and impact on the company that will lead to a prescriptive map.

It’s always healthy, however, to prioritize the actions, insights, and impact on the company (not all of your discoveries will be meaningful or profitable).

My favorite framework for determining priorities is the four-quadrant matrix:

Important and urgent
Important, but not urgent
Urgent, but not important
Neither important nor urgent
Once you’ve got your actions, insights, and impact on the company filtered through that framework — and the urgent and important aspects are taken care of — next you need to sit down and create the prescriptive experience map.

This is the place of sublime customer experience. This is future-looking.

To get there, Adam Richardson says, “Almost every conceivable customer question, problem, and need has been anticipated and addressed, creating a seamless experience that appears — to the customer — effortless.”

The prescriptive map is your ultimate goal. It’s a new map designed to guide your company in creating that customer experience that will make your mediocre experience a superior one — an experience customers will love. And you can test whether or not you reach that pinnacle of experiences through after-purchase surveys.

Richardson points out:

This doesn’t happen by accident; it happens by design. As is often the case in life, making something look easy is very difficult.

A quick and dirty experience map in action
Let me close with a personal example.

Take The Lede, one of Copyblogger Media’s podcasts. What would an experience map look like for it?

Well, as I mentioned above, there’s not one journey to rule them all, so in this case we’ll create an experience out of one of our personas (which is our lens).

It will be our “marketing professional at an agency” persona. One journey might look like this:

Imagine his boss emails him a link to follow Copyblogger on Twitter. “Treat their stream as a resource,” she says.

He visits their website, searches their blog, and then creates a column in TweetDeck for all of his favorite Copyblogger writers.

One of those writers shares a link to a podcast called The Lede. He clicks the link and listens to the episode online. He’s impressed, wants to listen to more, and decides to subscribe to the podcast.

However, he can’t. He has an Android, and The Lede is not on Stitcher.

The user has to listen to the podcast on the page. Not his ideal experience.

He then leaves a comment on Copyblogger’s Google+ page stating he wishes The Lede was on Stitcher.

This map then becomes a tool we analyze for underserved opportunities.

Through a real, live experience, we discovered that we have an audience that wants the podcast to be available on Stitcher.

So, it makes sense to put The Lede on it.

Adapting content for each customer …
No doubt creating an experience map is a huge undertaking. It involves time and resources. And you want a healthy return for that investment.

That’s why the map itself is not as important as what you get out of the map. The analysis is what counts — getting to the prescriptive map.

Because the prescriptive map will help you create and adapt content and products to fit your customers’ desires and tastes. Which will make them really happy.

In other words, delivering content and products at the right time, on the right device, to the right person.

That’s exactly what we’ll be focusing on in 2015. Something called adaptive content.

Stay tuned.

And join us over on LinkedIn to discuss how you evaluate your customers’ experiences and how those experiences influence your content strategy.

Flickr Creative Commons Image via Alexander Rentsch.

About the author
Demian Farnworth
Demian Farnworth is Copyblogger Media’s Chief Copywriter. Follow him on Twitter or Google+.

The post How to Use an Experience Map to Make Your Customers Even Happier: The Ultimate Guide appeared first on Copyblogger.

For more on How to Use an Experience Map to Make Your Customers Even Happier: The Ultimate Guide see:
http://omhub.wordpress.com/2014/12/03/how-to-use-an-experience-map-to-make-your-customers-even-happier-the-ultimate-guide/

The How to Use an Experience Map to Make Your Customers Even Happier: The Ultimate Guide page was posted “By Mike Armstrong”

How To Conduct Qualitative Market Research That Helps You Compete Globally

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How To Conduct Qualitative Market Research That Helps You Compete Globally
by christopherjanb

It’s the old research question (no, not the one about the chicken and the egg) – which is more helpful: quantitative research or qualitative research? Quantitative research is based in hard facts and figures – surveys, analysis of trends, statistical results. Qualitative research, on the other hand, is a much broader field of study that collects data through more unstructured methods.

It falls squarely in the realm of ethnographers and anthropologists, those researchers who conduct field studies, observe behaviors and research documents to understand cultural mores and motivations, and understand reasons for behavior. They focus less on the details of what happened and instead try to understand why something happened.

This article will help marketers who want to learn more about competing successfully in a global marketplace by:

Learning how to truly understand prospects and customers as people, not just numbers or trends.
Showing the benefits of obtaining a cultural understanding.
Providing a step-by-step process for conducting qualitative research.
Applying qualitative insights to marketing decisions.
For years business decision-makers and marketers have followed the siren call of quantitative research, but these days more and more are being drawn to the qualitative side of the equation. With the global economy, quickly-evolving demographics, and the digital world changing our communication and buying patterns, savvy marketers are rapidly learning how to gather useful insights that will help guide their decision-making.

A 5 Step Plan for Marketers Conducting Qualitative Research
To put the same “oomph” behind qualitative research results, marketers will need to design their research with the same rigorous standards associated with quantitative research. These five steps should serve as a helpful guideline:

Define an Area of Inquiry: As with quantitative research, you need to start with a description of what you are attempting to study, but in qualitative research these questions tend to be more focused around the “why” of a particular behavior. Why do consumers in the east prefer one brand of soda more than those in the west? What drives people of certain cultural heritages to make specific purchasing decisions? You are looking for information that will help refine your marketing strategies.
Determine a Method of Study: Ascertain how you are going to go about collecting this information. Perhaps it will be necessary to bring in an anthropologist or ethnographer to assist in this stage of the inquiry. Think about how you are going to gather data, who you will need to interview, where these interviews should take place, whether they should be in individual or group sessions, and how you are going to document results.
Gather Input: Collect data based on the method of study identified. Perhaps this stage will consist of simple observation, or it could require an inter-generational interview session to obtain cultural perspectives. If a group being studied is large enough, it may necessitate having an ethnographer immersed in the culture for a specific length of time to obtain a deeper understanding of cultural norms and influences. You are trying to identify patterns of behavior, and understand why this specific individual or group behaves in that manner.
Generate Insights: Assess the data that has been collected with both a quantitative and qualitative approach. Try to assign numerical values where appropriate, but be open to the broader observations and trends that have been uncovered. Many times, a narrative analysis or content analysis is helpful in narrowing down results. Look for the cultural insights that cause you to stop and say, “Aha, so that’s why this group isn’t responding to our current marketing efforts.” When possible, try to validate these findings in some other way.
Make Marketing Decisions: In today’s marketing world, we are moving away from the constraints of mass marketing and focusing on a more personalized approach. Qualitative research will assist in this process by identifying what is important to specific groups, so marketing strategies can be developed to specifically communicate and engage with them.
In this day and age, marketers need all the information they can get about the “why” and “how” of making a purchasing decision. Consumer emotions, beliefs, cultural norms and opinions form the driving force in their buying decisions.

Qualitative and quantitative research, when used together, will give marketers the opportunity to better understand the complex nature of the buying process. It may take a bit more interpretation, but the results of a properly conceived and implemented qualitative research study should be enough to provide valuable insights which drive marketing decisions that make sense.

photo credit: fallentomato via photopin cc

Author information

Jure Klepic
Jure Klepic is Digital Strategist who is willing to say what others leave unspoken.
He leads social media and marketing adoptions for global brands and continues to drive change and spearhead innovation. Throughout his career he worked with global brands from USA to Asia.

Jure is recognized business and marketing thought leader, he is a speaker and a regular contributor to Huffington Post.

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The post How To Conduct Qualitative Market Research That Helps You Compete Globally appeared first on SteamFeed.

For more see:
http://omhub.wordpress.com/2014/11/16/how-to-conduct-qualitative-market-research-that-helps-you-compete-globally/

How To Conduct Qualitative Market Research That Helps You Compete Globally was posted “By Mike Armstrong”