… Live blogging from the Colombian Association for Marketing and Public Opinion Research in Bogota, Colombia, any errors are my own, any comments in  are my own…
Para leer esto en español, por favor, copie pegarlo en Google. Una mala traducción es mejor que ninguna traducción. http://translate.google.com
- successful new products appeal on both rational and emotional levels to as many senses as possible
- how do you engage a tv in more than audio visual senses? about opening the box has an olfactory experience as well, perhaps consider a branded smell [what the!?]
- McGurk effect – visual illusion where looking at a person talking makes your brain interpret what you hear, you think you see them saying a certain sound but you don’t
- the music you hear in a store affects the products you purchase – french music creates french wine purchases, ditto for german music and german wine. but people refuse to believe the music had any influence on their choice.
- what do marketers do if the consumer doesn’t know why they make their decisions?
- changing the fragrance of a shampoo makes people think the shampoo works better
- where is the “buy” button in the brain?
- fMRI is popular because it is colourful, lying in a scanner while a deafeningly loud machine watches you drink a beverage is not real [HA HA!]
- physiological measures becoming more popular – microexpressions, skin response, heart rate, pupil dilation, eye movements – these are challenging for real world applications
- a manly shape to a bottle implies the product is strong, eg a squarish bottle versus one that is thinner at the middle
- for every $2 increase in the price of a bottle of wine, the weight of the bottle increases by 8 grams, price doesn’t tell you which wine is better but which wine has a heavier bottle; even stronger for a tube of lipstick
- perhaps make your packaging feel heavier even if you’re losing less packaging
- the sound of chips crunching defines how we think they taste, how fresh we think they are – P&G wanted to know how they should change the sound of their chips
- pens click when you open them, touching fabric creates a sound, spraying something creates a sound, some things should feel AND sound soft
- restaurants can include the sounds and smells and sights relevant to the product, one restaurant even provides a headset for you to listen to while you eat and people perceive this food to taste better
- a brain seeing a red drink or a blue drink decides on the flavour, the sweetness, and this differs by culture. A blue drink might make you think raspberry, mint, or mouthwash.
- if you put chips in the wrong package, people are either confused or taste the flavour that it says on the bag
- is it the plate or is it the food? the size and colour of the plate changes your experience of the food.
- test the perceptions of different food colours by using augmented reality headsets that change the appearance of the colour for you
- eye monitoring tells you where people look at a package – at the words, the pictures, the price?
- putting your brand name on the narrow section of a bottle of shampoo means people are more likely to see the name – people always look at the narrow section first
- new trend sweeping the UK is synaesthetic marketing – people who unconsciously associate a color or shape with a number or letter [Olive Sacks writes about this, really neat case studies]
- most people do associate shapes and speech sounds – round shapes are soft letters, sharp shapes are angular letters. use these round and angular letters to describe your product.
- The Fourth Dimension of Research by Gregg Archibald #ACEI_CO #InvestigAction2013 #MRX (lovestats.wordpress.com)
- StreetInspiration: The reality of life by Steven Van der Kruit #ACEI_CO #InvestigAction #MRX (lovestats.wordpress.com)
- Brand Growth by Douwe Radenmaker #ACEI_CO #InvestigAction #MRX (lovestats.wordpress.com)
- Functional Literacy and Human Economics by Ana Lucia Lima #ACEI_CO #InvestigAction #MRX (lovestats.wordpress.com)
- SoLoMo in the Colombian Shopper Experience by Pablo Sanchez Kohnt #ACEI_CO #InvestigAction2013 #MRX (lovestats.wordpress.com)
- Innovation and Co-creation by Doug Williams #ACEI_CO #InvestigAction2013 #MRX (lovestats.wordpress.com)
- Price and the Purchase Decision by Sandra Triana #ACEI_CO #InvestigAction2013 #MRX (lovestats.wordpress.com)
- Big Data and the Value of Social by Jeffrey Hunter #ACEI_CO #InvestigAction2013 #MRX (lovestats.wordpress.com)
- Social Big Data by Juan Carlos Mejia Llano #ACEI_CO #InvestigAction2013 #MRX (lovestats.wordpress.com)
Welcome to this series of live blogs from the American Marketing Association’s Research & Strategy Summit in Las Vegas. Any errors, omissions, or silly side comments are my own.
Dr. David Rogers, Author, “The Network Is Your Customer”; Faculty Director, Digital Marketing Strategy, Columbia University Business School
Link to buy David’s book on Amazon
- One half of ALL US adults have a smartphone, tablet, or both. Not just online adults. ALL adults.
- From IR to HOW to WHY
- John Wanamaker, 19th century department store magnate and father of advertising “Half the money I spend on advertising is wasted. The trouble is I don’t know which half.”
- Marketing often say they are swimming in data. MR grew up in a world where data was scarce but now information is no longer scarce. We give off digital data at all places in our lives now.
- 39% of marketers say they can’t turn their data into actionable insight [this is really sad. i suspect MUCH of that is not due to them not knowing how but rather that they don’t have the time to do it]
- 29% say they have too little or no data
- 39% say data isn’t enough real-time
- 51% say data isn’t shared enough across the organization
- 42% say they can’t link data at individual customer level
- 45% say they aren’t using data to personalize marketing communications [this assumes I WANT personalized communications which I don’t]
- 37% of marketers make no mention of financial outcomes when they define ROI. ROI= ((Return/Investment) -1) * 100. Nothing else. [I think I just had a heart attack and it wasn’t due to too much chocolate]
- 57% of marketers are not using any ROI analysis to plan their budge – people use gut, last years budget.
- Marketers are looking for a silver bullet [yup, been there, done that, it don’t exist].
- Marketers want a universal cross-platform model for measuring spend and ROI. Dream. On.
- There is infatuation with the word engagement. Is it the answer to every question? Is engagement ad viewership? Number of likes? Wearing a Harley Davidson jacket and getting a tattoo across your forehead?
- How do you compare facebook fans to twitter shares? Can you? What about youtube and downloads and comments. Which piece is more valuable to your brand? Which half is working….
- Agile marketing model. Agility is an essential skill for marketers and researchers. Keep changing tool kit, adapt metrics.
- Step 1. Start with objectives in mind. Seems trivial but it is not! What do you want to move the needle on. Objectives do NOT start with technology. Brand building? Customer service? Sales? Social responsibility? Lead generation? Once you know your objectives, the problem of being overwhelmed by the data is no longer overwhelming.
- Step 2. Develop metrics. Four kinds.
- Audience metrics. Who did I reach. Fans, followers, page views, unique visitors.
- Channel engagement metrics. Likes, visits, retweets, youtube views, votes cast, time spent on site, click throughs. Must keep metrics separate to the channel. Retweets to twitter. Likes to facebook. Channel specific metrics are more common in digital.
- Universal engagement metric. Change in relationship with customers. Sentiment, state of mind, brand awareness, purchase intent, customer satisfaction, net promoter score, word of mouth, lead generation. Works for new and old channels.
- Financial metrics. Revenue, market share, customer acquisition, customer retention ROI.[These are really the only ones that matter! No money = no audience metrics, no engagement metrics…]
- How do these four interact? You need to build your own model. [I smell regression!]
- The marketing funnel from decades ago has holes but the stages still happen, and now there is an advocacy state to add above the loyalty stage. Advocacy impacts awareness and each stage of the decision making process. [I still think the purchase funnel should be the purchase spaghetti, not the purchase funnel]
- Awareness can be affected by poor SEO, broken links to pages no longer there. Fix it!
- Consideration is shaped by Amazon, what they decide to show consumers. Partner with amazon.
- Preference is affected when people see a coupon on the screen. Promote 3rd party reviews.
- Action is affected by etail + retail. Look online, buy offline. Have contests to create advocacy.
- Number of tweets is NOT a KPI. You can only do that if you’re twitter. Audience metrics are not a KPI unless you are NBC.
- VISA’s KPI is share of wallet vs cash. If you’re traveling, how much cash do you really need when Visa is “accepted everywhere.”
- 7 habits of agile marketing modelers?
- Make it everyone’s job, not the department of big metrics.
- Be iterative. Don’t wait for the annual/quarterly survey.
- Be skeptical. Don’t accept just any metric.
- Be data-driven. Not just hunches and feels good. ‘The highest paid person’s opinion”
- Be customer centric. Don’t lose yourself in the data. Understand the qualitative experience.
- Be imperfect. Don’t wait for perfection. You will never have the perfect model. It is the enemy of the good.
- Be decision driven. Never measure just for the sake of measuring. If it doesn’t influence decisions, then you are wasting your time.
- In defense of research participants #MRX (lovestats.wordpress.com)
- Does your market research supplier offer a conjoint product? I hope not. #MRX (lovestats.wordpress.com)
- Yay me! David K. Hardin Memorial Award Winner #MRX (lovestats.wordpress.com)
- The Social Media Research Love Hate Debate #MRX (lovestats.wordpress.com)
Live blogs by @LoveStats! This is a session summary from The Market Research Event by IIR in Orlando, Florida, November 2011. It was posted mere minutes after completion of the talk. Any inaccuracies are my own. Any humorous side remarks are also my own. Feel free to leave comments and critiques.
11:30 – Best Practices in Cross Media Marketing and Measurement
Molly Elmore, Vice President of Market Research, InsightExpress
Marc Normand, Vice President, Research, The Walt Disney Company
- #1 Clearly defined goal objective. Have focus, choose specific objectives. [in SMR, the objective is often “do something in SM. sigh]
- #2 Less is sometimes more. Do not include random questions that are not related to the objective. Do include brand metrics, target definition questions, profile analysis questions.
- #3 Accurately define exposure groups. Advertising recall is very inaccurate. Don’t assume ads are memorable. 23% of people think they saw an ad but didn’t. 70% of people don’t remember.
- #4 Ensure clean, valid comparisons between Control/Exposed group. Weighting can be your friend.
- #5 Design the survey to capture frequency of exposure.How often do people need to be exposed in order for them to remember it. Binary exposure question is insufficient. 12 exposures in short time can be bad for your brand though.
- #6 be cautious of screening to heavily [THANK YOU] People are define their target too narrowly. You DON”T KNOW which is the important part of your data every time. WOM gets ignored with excessive screening, out-of-target can become in-target. Broaden your target and get larger sample sizes.
- #7 Compare to normative if available. Adds context. Can see if the difference you saw is better or worse than similar studies. But take it with a grain of salt, category must be similar, brand awareness should be similar, consideration set must be similar.
- #8 Incorporate costs into final analysis. TV is expensive option. Can be three times as effective but if it’s ten times as expensive, it may not make sense. [unless the # of people you reach is vastly greater….]
- #9 Develop analysis with a story in mind. Does the creative accomplish the intended goal – awareness, etc.
- #10 Explore media vs creative. How are some measures aimed for media vs creative. Do people connect with ads physically. Awareness measures are often media measures, did media do its job. Education, persuasion is the job of the creative. Does the brand come across? Must always have multiple measures because “purchase was flat” isn’t helpful at all.
- [Very tweetable presentation. Means they gave specific advice. Always good. Thank you presenters!]
- No way? Way! The LoveStats Book! #MRX (lovestats.wordpress.com)
- Statistics Poetry by Geeks and Nerds #MRX #Statistics (lovestats.wordpress.com)
- Better way to Use Segmentation by YUM!, TNS, and Taco Bell #TMRE #MRX (lovestats.wordpress.com)
- Chocolate, Vultures, and Glowsticks oh my #eso3d #mrx (lovestats.wordpress.com)
- Big Data? Big Deal. #MRX (lovestats.wordpress.com)
I am a commercial skeptic. The Vulcan researcher in me means that I don’t believe a word they say. I automatically assume every word is simply marketing speak to make me forget about the practical or impractical features of a product.
But this commercial, well, it’s a little different. It doesn’t talk about the brand of coffee (Maxwell House) or the flavour or the price or any other silly little thing that I won’t believe anyways. Instead, it reminds me what every day should really be. A day that we are thankful for and happy to be a part of. A day where we’re proud of ourselves and content with who we are.
If you need a pick me up, then this commercial is for you.
We take our work very seriously. We are desperate to see the fourth decimal place, we need to know the exact date and exact sample size. We design questions that are so specific, the entire question takes up half of the page and no one really understands it.
But let’s leave our ivory tower of non-reality for just a few minutes and sit on the other side of the table. Instead of being the marketer, the researcher, or the client, let’s remember what it’s like to be the person who actually uses our product, watches our advertisement, and searches our website. Let’s remember what we are actually like as soon as we leave the office. We see all the silly things that other people are doing regarding marketing and advertising, often forgetting that we are doing the exact same things ourselves.
In an effort to remind ourselves that even marketers are real people, here are just a few of my favorites from a website called Things Real People Don’t Say About Advertising. Laugh, learn, and think about them when we’re at work, not just when we’re at home. There’s many more where these came from!
Read these too
Well, once you manage to catch your breath after laughing solid for 4 minutes, let’s really think about all the people involved in this little prank.
1: Interviewer: First of all, this interviewer deserves a raise, a bonus, and a promotion for going through this interview without laughing, getting upset, or antagonizing the survey responder. I’m sure he deals with this sort of thing, whether real or fake, all day long every day. And yet, the utmost professionalism on his part. Kudos for a great job.
2: Responder: How did our industry get to such a state where surveys are written so poorly that people leave a tape recorder at their telephone waiting for researchers to call in order to make fun of them? This is nothing for us to be proud of.
3: Data Analyst: How exactly is the data analyst going to handle data which is clearly horrible quality? Will the analyst think of checking for outliers in each question? Will the analyst review the entire set of responses to recognize that it is an across the board outlier and probably a troublemaker? Will these responses lead to completely invalid analysis and conclusions?
4: Survey Author: Of course, we understand the need to use standardized questions in surveys. But, no matter how convinced you are, the world does not consist of people who know how surveys work. There are absolutely people out there who need to be taken through a survey with far more care than what we
permit when writing surveys. Telephone surveys need to be written so that interviewers can speak naturally and help those people who actually need some help. That’s where good data comes from. I’m really curious if the survey author left a place for the interviewer to indicate that this instance was possibly an outlier.
So, enjoy. But the next time you write a survey, keep this in mind. Are you antagonizing yet another survey responder or are you responsible for creating a more positive market research experience?
This video isn’t new to the internet but it’s new to me. What happens when a world famous violinist brings a multi-million dollar violin to the subway and plays for commuters? Just watch.
My take away is this. We as consumers love name brands. More importantly, we love to KNOW that something is name brand. Things just aren’t worth having or desiring unless we know it is a brand name product.
Putting aside the sad story this tells about human nature, it also tells me that a big portion of our wants and needs are open to marketing. And that’s where market research comes into play. Research helps marketers understand what makes people like a brand (name) and why they will continue to like that brand (name).
It’s not sufficient to have a good product. You must also have good marketing, which, not surprisingly, can result in fairly mediocre products surpassing great products. Such is life.
Research is a pretty cool thing. We ask people what they think about products, and they tell us how to make them better. If we change the color of the packaging, like the research said we should, we can make more people buy our product. If we increase the size by 10%, we can make more people buy our product. If we answer the phones quicker, we can make consumers be more loyal to us.
The scientific experiment has taught us this. Test and control groups, dependent and independent variables, mixed random and fixed designs, oh the processes we use to learn how to make people like us.
I don’t think, though that this is the mindset that will “make” consumers be more loyal. You simply can’t “make” consumers be more loyal. Loyalty is a gift from your consumer, a prize you receive for doing things right, for treating them honestly and respectfully. They aren’t “your” consumers. They are consumers who choose you each and every time they walk in your store.
With that in mind, here are my 3 tips for forcing consumers to be loyal.
1) Listen – Listen genuinely, not because it’s your job but because you are a consumer yourself and know that consumers’ opinions matter.
2) Act – Only do research when you’re prepared to act on it. And act on the important findings, not on the cheapest findings.
3) Respect – Share what you have learned with your consumers whether good or bad. Make changes for the right reasons, be nice, be honest, do unto others…
You may not be able to force loyalty but you sure can set yourself up to receive it.
Read these too
Where does the line fall?
As a researcher, my skills are carefully slotted into the design, analysis, and interpretation of research. And by interpretation, I mean explaining what the numbers on a chart are, explaining if/why they are significantly different, explaining how they relate to each other.
But where does explaining the consequences of the numbers come into play? Who is the right person to draw conclusions about implications and action items? Is it the researcher? Is it the client? Is it a collaboration?
I’m just asking.
Read these too