2. “Brands belong to customers, not companies.”
- Ricardo Guimaraes, Brand Theorist
3. Listening & Market Research
• Market Data – Quantitative, “the numbers”
• Market Information – Data with Analysis, gives
“meaning”
• Market Insight – Qualitative, Discovers “Why”
Customer insight – what they are thinking and
why
4. Listening
Limitations & Problems with Listening to the
Groundswell
1. We only hear from those who participate in
talking
2. The volume of insight is great and difficult to
capture
6. Listening
Listening strategies help improve
products, services and the brand in general by
providing decision makers the data, information
and insight to make better decisions and adapt
to the market.
7. Listening
How to start listening to the groundswell:
1. Find out what your brand means
2. Understand how buzz is always shifting
3. Increase research responsiveness &
effectiveness
4. Find influencers
5. Manage PR Crisis
6. Generate new products & marketing ideas
Notas del editor
MD Anderson thinks its brand is about technology and innovation but as Lynn Perry points out, its about making patients wait.
So if there are limitations, how do we move forward? – Two Strategies
Working with vendors to provide the listening and research services.Communispace as a private community: Ellen Sonnet became netter positioned by having insights- becoming a part of more decision making. Provide Actionable insights.BuzzMetrics as a monitoring service. Mini owners were a part of an exclsive club. Mini focused on marketing to them so they can be empowered to spread word of mouth of their product. By marketing to current owners, created buzz about the product, energizing them to help sell.