From the Mind to the Bottom Line: How Emotion Leads to Profit · 2018-06-20 · memorable–as...

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© 2007–2018 Sentient Decision Science. All Rights Reserved. 1 From the Mind to the Bottom Line: How Emotion Leads to Profit

Transcript of From the Mind to the Bottom Line: How Emotion Leads to Profit · 2018-06-20 · memorable–as...

Page 1: From the Mind to the Bottom Line: How Emotion Leads to Profit · 2018-06-20 · memorable–as captured through implicit memory measures and combined emotion and reason models. Marketing

© 2007–2018 Sentient Decision Science. All Rights Reserved. 1

From the Mind to the Bottom Line:How Emotion Leads to Profit

Page 2: From the Mind to the Bottom Line: How Emotion Leads to Profit · 2018-06-20 · memorable–as captured through implicit memory measures and combined emotion and reason models. Marketing

© 2007–2018 Sentient Decision Science. All Rights Reserved. 2

Emotion, can not only be measured, but managed, in order to increase your bottom line.

• Accurately forecast sales and market share

• Strengthen concepts at the early stages of the creative process - before those production budgets are spent

• Uncover the best placement for advertising and optimize media spend

• Reveal which new products will sell and optimize pricing by combining emotion with reason based measures

• Optimize the sensory experience of your products and brand assets to boost behavioral loyalty

Page 3: From the Mind to the Bottom Line: How Emotion Leads to Profit · 2018-06-20 · memorable–as captured through implicit memory measures and combined emotion and reason models. Marketing

2007: Pepsi is … Sexy?

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12

30

Proportion of Variance in Brand Preference Explained (R2)

EXPLICIT IMPLICIT

Page 4: From the Mind to the Bottom Line: How Emotion Leads to Profit · 2018-06-20 · memorable–as captured through implicit memory measures and combined emotion and reason models. Marketing

2008: A Bradley Effect in the Ballot Booth in North Carolina?

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18.0

Explicit

-10.0

Implicit

-21.0

Ballot Booth

Candidate Preference Among Independents

5046.5

49.9 49.5

What they said What they did

Polls vs. Behavior

Page 5: From the Mind to the Bottom Line: How Emotion Leads to Profit · 2018-06-20 · memorable–as captured through implicit memory measures and combined emotion and reason models. Marketing

2009: The Proportion of Emotion Model

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BEST OF ESOMAR 2010

Page 6: From the Mind to the Bottom Line: How Emotion Leads to Profit · 2018-06-20 · memorable–as captured through implicit memory measures and combined emotion and reason models. Marketing

2010: Predicting New Product Sales Success

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69

94

Proportion of Variance in Sales Explained (R2)

REASON EMOTION AND

REASON

Page 7: From the Mind to the Bottom Line: How Emotion Leads to Profit · 2018-06-20 · memorable–as captured through implicit memory measures and combined emotion and reason models. Marketing

2011: What about “non-emotional” purchases?

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41

80

Proportion of Variance in Sales Explained (R2)

REASON EMOTION AND

REASON

Page 8: From the Mind to the Bottom Line: How Emotion Leads to Profit · 2018-06-20 · memorable–as captured through implicit memory measures and combined emotion and reason models. Marketing

2016: Predicting Product Sales Globally

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Proportion of Variance in Sales Explained (R2)

7093

REASON EMOTION AND

REASON

Page 9: From the Mind to the Bottom Line: How Emotion Leads to Profit · 2018-06-20 · memorable–as captured through implicit memory measures and combined emotion and reason models. Marketing

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• Combining implicit emotional appeal with the best reason based measures (choice models) produces a more predictive result.

• Using a Sentient Prime® (implicit association platform) implicit emotional appeal test to advanced conscious measures increases the accuracy in predicting consumer buying behavior across verticals.

Improving sales forecasting across all industries

Source: Sentient Consumer Subconscious Research Lab 2010-2018; average across verticals, hundreds of products, 25,000+ consumers)

Page 10: From the Mind to the Bottom Line: How Emotion Leads to Profit · 2018-06-20 · memorable–as captured through implicit memory measures and combined emotion and reason models. Marketing

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Adding emotion into the equation can reveal how well an ad will do online.

Proportion of Online Views Explained (R2)

CONSCIOUS EVALUATION

FACIAL CODING ADDED

IMPLICIT EMOTION ADDED

R = .37 R = .65 R = .81

14%47.2

%

65 %

Source: Sentient & iSpot.tv testing 200+ AD S / 14,000 C onsum ers

What you are willing to say about an advertisement

accounts for only

14 %

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• Moment by moment attention and emotion can be captured via scaled eye-tracking and facial coding technologies – revealing the emotional engagement strengths and weaknesses of your creative.

• Implicit emotional lift in desire for your brand builds off engagement that is memorable –as captured through implicit memory measures and combined emotion and reason models.

Marketing success depends on both emotional engagementand emotional influence.

89th 95th 75th 95th

ATTENTION AFFECT MEMORY DESIRABILITY

Page 12: From the Mind to the Bottom Line: How Emotion Leads to Profit · 2018-06-20 · memorable–as captured through implicit memory measures and combined emotion and reason models. Marketing

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• Hershey’s used a combination of emotional measurements to make decisions on campaigns.

• Eye tracking, facial coding and implicit associations combined can better reveal the strength of creative concepts.

• SubtextTM combines these measures to test animatics used in early stage creative development. Diagnosing potential story issues and validating the production costs through normative data scoring.

Testing emotion in the early stages of the creative process validates production costs.

Page 13: From the Mind to the Bottom Line: How Emotion Leads to Profit · 2018-06-20 · memorable–as captured through implicit memory measures and combined emotion and reason models. Marketing

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• Saddington Baynes can test variance in the creative composition. Measuring the effects of color and lighting that reveals the emotional impact being generated.

• These methods have been automated so the creative team uploads the work on Monday and has implicit emotional Insights on Tuesday morning. Enabling quick refinement before production at the end of the week.

Saddington Baynes uses implicit measures to improve compositions within the creative process.

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Page 14: From the Mind to the Bottom Line: How Emotion Leads to Profit · 2018-06-20 · memorable–as captured through implicit memory measures and combined emotion and reason models. Marketing

• Man Made Music combines implicit methods in their product SonicPulse® to measure the

emotions evoked in sounds. They feel using these techniques are most appropriate for evaluating sound – because this is how our brains react to sound.

• Using behavioral science in sound research can tell us how a sound makes us feel or how well a

sound fits with a brand, or even whether people subconsciously know what a sound means.

Man Made Music is using implicit techniques to understand how sound makes us feel and behaviorally attach to brands.

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U sing im plic it m ethods has allow ed M an M ade to establish a Sonic

H um anismTM

Spectrum to quantify em otional im pact of naturally

occurring sounds and designed sounds

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70

80

90

100

110

120

130

Pride

Excited

Calm

Relief

Contentment

Bored

Anxiety

Disgust

Sweet

Floral

Fruity

Green

Water

Citrus

Lavender

Earthy

BENCHMARK FRAGRANCE 1 FRAGRANCE 2 FRAGRANCE 3

• Consumers often do not have conscious access to how well a new concept subconsciously fits critical brand equities or how new fragrance variants compete against in-market benchmark strengths.

• Companies like Firmenich are using implicit association testing with Sentient Prime® to isolate discrete emotional associations that are generated in the minds of consumers from a fragrance.

Firmenich is using subconscious research to unlock emotions evoked in fragrances.

Source: Typical fragrance example.

70

80

90

100

110

120

130

Pride

Excited

Calm

Relief

Contentment

Bored

Anxiety

Disgust

Sweet

Floral

Fruity

Green

Water

Citrus

Lavender

Earthy

BENCHMARK FRAGRANCE 1 FRAGRANCE 2 FRAGRANCE 3

Page 16: From the Mind to the Bottom Line: How Emotion Leads to Profit · 2018-06-20 · memorable–as captured through implicit memory measures and combined emotion and reason models. Marketing

• The brand equity assessment platform from BERA integrates implicit measures to analyze emotional appeal, strengthening their data reliability.

• Over two thousand brands are tested within the platform. Collecting implicit measures on twenty thousand customers per week.

• Offering insights into the nonconscious on a global scale with speed and accuracy.

BERA combines implicit emotional appeal with explicit measures to strengthen brand love measurement.

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Page 17: From the Mind to the Bottom Line: How Emotion Leads to Profit · 2018-06-20 · memorable–as captured through implicit memory measures and combined emotion and reason models. Marketing

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Validating subconscious measures and uncovering advertising impact.

Source: Sentient Decision Science was commissioned to study people ages 18+ who reside in the US, Dec. 2017 – Feb. 2018

EXPOSURETO 3 ADS

D ESIR E

IMPLICIT SELF IDENTIFICATION

D ESIR E

IMPLICIT EMOTIONAL APPEAL

M EM O R Y

IMPLICIT DISCRETE EMOTIONAL ASSOCIATIONS

D ESIR E

PROPORTION OF EMOTION MODEL

M EM O R Y

QUICK CONSCIOUS

RECALL

Randomly assigning participants into 1 of 2 groups with identical designs, measured at the same time.

40K ParticipantsImplicit testing on over 500 ads to validate the accuracy of methods for future large scale testing.

500 Ads+

R = 0.86 R = 0.61 R = 0.64 R = 0.99 R = 0.86

Page 18: From the Mind to the Bottom Line: How Emotion Leads to Profit · 2018-06-20 · memorable–as captured through implicit memory measures and combined emotion and reason models. Marketing

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Time for questions.