Post on 09-May-2015
description
How well do you understand your shoppers?
“Private & Confidential @ 2013 StarHub Ltd – All Rights Reserved”
• The evolution of marketing insights• Going beyond the traditional ways of
doing research to understand shoppers
Life used to be simpler
• We can explain purchase decisions and test ad effectiveness via long questionnaires, complex models and focus groups
• We can predict what customers want and what ads they like by asking them directly what they want and like
• We have fat budgets
• We take pride in respondent anonymity, representativeness, long turn around time, long questionnaires, big samples complex modelling and thick reports
Life used to be simpler
• Market Research is the answer
Seismic changes in Marketing Insights World
• Research ROI is questioned
New Clients
• Pragmatic, fast, cost effective and good-enough insights are more important than statistically sound and late survey results
• Suddenly, users and ad agencies themselves are using DIY tools like SurveyMonkey and conducting their own on-ground interviews
• Attention span has waned
Seismic changes in Marketing Insights World
New Respondents
• Patience has plunged as people are multi-tasking and doing things during micro-time on the go
• People are increasingly preferring to communicate via machines and not face-to-face
• Traditional respondents are becoming extinct
Seismic changes in Marketing Insights World
• We are living in a world where information is no longer rare, but are readily available in real time
New Social Media• MR budgets are competing with
efficient social/digital M&P budgets
• Wisdom of the crowd turns out to be better than selected respondents
Seismic changes in Marketing Insights World
New Social Media
• We are living in a long tail world
• We are not living in a world where minority sentiments are not important
• Anonymity is an outmoded concept. Customers want company to engage them as much as they want to engage and be recognised by the company
Seismic changes in Marketing Insights World
• Traditional research has problems measuring emotions, which turns out to be the main driver of brand choice
• Now we know nobody thinks through a long list of attributes and rate them before they make decisionsNew Knowledge
• Turns out that people are not very good at telling you why they do what they do, what they think or how they feel
Seismic changes in Marketing Insights World
• Specialised firms from business consultancies, datamining, UX firms, experience design firms, real time feedback systems and social media reporting, reduce the relevance of MR
New alternatives
• Traditional MR Segmentation is giving way to Self Segmentation and Big Data Micro-Segments
Seismic changes in Marketing Insights World
• Proliferation of smart phones and broadband change the way people buy
• Zero Moment of Truth limits the usefulness of a laboratory style research
New ZMOT
Seismic changes in Marketing Insights World
Do we need research?
mobile
RESEARCHO
nlin
ePo
lls &
FO
CUS
GRO
UPS
Faci
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REC
OG
NIT
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ACCOMPANIED SHOPPINGUX Behavioral Economics&
Neuroscience
Soci
al
Ethn
ogra
phy
Info
grap
hics
In-House DIY
Heu
ristic
s
Gamification
Qual Quant
Blogging
Going beyond the traditional ways of doing research to understand shoppers
Super users & Influencers Co-Creation
CRM
Moment of
Truth
Real
Tim
e
Emoti
ons
Accompanied Shopping
mobile
RESEARCHO
nlin
ePo
lls &
FO
CUS
GRO
UPS
Faci
al
REC
OG
NIT
ION
ACCOMPANIED SHOPPINGUX Behavioral Economics&
Neuroscience
Soci
al
Ethn
ogra
phy
Info
grap
hics
In-House DIY
Heu
ristic
s
Gamification
Qual Quant
Blogging
Going beyond the traditional ways of doing research to understand shoppers
Super users & Influencers Co-Creation
CRM
Moment of
Truth
Real
Tim
e
Emoti
ons
Infographics – MR & Storytelling
Measuring Emotions
2013 Asia Communication Awards:
StarHub won Operator of the Year award and the
Best Brand award
mobile
RESEARCHO
nlin
ePo
lls &
FO
CUS
GRO
UPS
Faci
al
REC
OG
NIT
ION
ACCOMPANIED SHOPPINGUX Behavioral Economics&
Neuroscience
Soci
al
Ethn
ogra
phy
Info
grap
hics
In-House DIY
Heu
ristic
s
Gamification
Qual Quant
Blogging
Going beyond the traditional ways of doing research to understand shoppers
Super users & Influencers Co-Creation
CRM
Moment of
Truth
Real
Tim
e
Emoti
ons
Measuring Emotions - Happiness
Gamified & Avatar basedHappiness Score
mobile
RESEARCHO
nlin
ePo
lls &
FO
CUS
GRO
UPS
Faci
al
REC
OG
NIT
ION
ACCOMPANIED SHOPPINGUX Behavioral Economics&
Neuroscience
Soci
al
Ethn
ogra
phy
Info
grap
hics
In-House DIY
Heu
ristic
s
Gamification
Qual Quant
Blogging
Going beyond the traditional ways of doing research to understand shoppers
Super users & Influencers Co-Creation
CRM
Moment of
Truth
Real
Tim
e
Emoti
ons
Facial Recognition Happiness Score
Measuring Emotions - Happiness
mobile
RESEARCHO
nlin
ePo
lls &
FO
CUS
GRO
UPS
Faci
al
REC
OG
NIT
ION
ACCOMPANIED SHOPPINGUX Behavioral Economics&
Neuroscience
Soci
al
Ethn
ogra
phy
Info
grap
hics
In-House DIY
Heu
ristic
s
Gamification
Qual Quant
Blogging
Going beyond the traditional ways of doing research to understand shoppers
Super users & Influencers Co-Creation
CRM
Moment of
Truth
Real
Tim
e
Emoti
ons
22
Measuring Emotions
Neuroscience Emotion Score
6.6
5.6
6.6
5.5
7.2
4.9
6.4
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comprehension
novelty
persuasion
retention
emotion
attention
effectiveness
mobile
RESEARCHO
nlin
ePo
lls &
FO
CUS
GRO
UPS
Faci
al
REC
OG
NIT
ION
ACCOMPANIED SHOPPINGUX Behavioral Economics&
Neuroscience
Soci
al
Ethn
ogra
phy
Info
grap
hics
In-House DIY
Heu
ristic
s
Gamification
Qual Quant
Blogging
Going beyond the traditional ways of doing research to understand shoppers
Super users & Influencers Co-Creation
CRM
Moment of
Truth
Real
Tim
e
Emoti
ons
mobile Onl
ine
Polls
& F
OCU
S G
ROU
PS Soci
al
Ethn
ogra
phy
In-House DIY
Gamification
Qual Quant
Blogging
Company Branded Community
Super users & Influencers Co-Creation
CRM
Moment of
Truth
Real
Tim
e
Beyond Shoppers Insights – MR can do more
Let your MR do more
Predict the future
Use Mobile to reach respondents
Helicopter strategic approach to issue
Create a panel of consumer advocates & advisors
Conduct war gaming
Get out and be close to consumers, DIY
Analytics & Datamining
Elevate importance of insights behind everything that we do
Get them involved in operations such as advocacy management
Social media is the new key in understanding consumers; get them on board