Lisa Joy Rosner (NetBase): The New Market Research
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Transcript of Lisa Joy Rosner (NetBase): The New Market Research
The New Market ResearchLisa Joy RosnerCMO, NetBase
August 17, 2011@lisajoyrosner/@Net_Base
Presented for:
Disruptive Technology
Digital Native
of the data in the world today has been created in the last two years alone
The average consumer mentions specific brands over 90 times per week in conversations with friends, family, and co-workers. (Keller Fay, WOMMA, 2010)
53% of people on Twitter recommend companies and/or products in their Tweets, with 48% of them delivering on their intention to buy the product. (ROI Research for Performance, June 2010)
Generate hypotheses
Uncover unmet needs or use cases
When to Use Social
Audience profiling
Track performance…
yours AND your competitors!
Not My Consumer!
Everyone is on Social
Different Approaches
I know Listerine kills germs because it hurts.
Keyword Search
I know Listerine kills germs because it hurts.
Text Analytics
Natural Language Processing
PositiveAttribute
Keyword Keyword Keyword Keyword Keyword Keyword
Brand NegativeWord
NegativeWord
NegativeWord
BrandReason
I know Listerine kills germs because it hurts.
This iPhone has never been good.
The iPhone has never been this good.
Burn Burn
Triangulation is a Must
Social Data Quantitative Research
Qualitative Research
CRM
Jell-o Temptation
OREO
Occasion Based Marketing
Product Innovation
Relating Sales and Social Data Greek Yogurt
BI data
Social data
RewardNew Messaging
OxidizationEarly-warning system for brand
weightwatchers.com 3%
forum.bodybuilding.com 4%
twitter.com 48%
Understanding user and influencer networks Body Builders
Competitive Intelligence
Building Sales Targets
“Should you do social media? That’s like someone asking if they should buy a light bulb after electricity was invented.”
Dana Anderson SVP Marketing
Kraft Foods
“Traditional survey research needs to evolve and transform. The future of market research is increasingly about listening to what consumers are already saying.”
Stan Sthanunathan VP Strategy and Global Insights
Coca-Cola
Questions?
Thank [email protected]/@lisajoyrosner/@Net_Base