Conversations: Real-time market research at your fingertips
Jan 19, 2008 Michael BritoWhile focus groups and research are valuable methods to learn about market insight, online conversations are a great way to gain real-time feedback about your products and/or services. It’s immediate, more cost efficient, and I would argue that the conversations are more authentic.
In focus groups, and I know this because I participated in a few when I was a young lad the participants usually act in a way that they think they are supposed to act. Reason being, they know that they are being watched. Despite the sodas, cookies and popcorn, they are in unfamiliar territory with a bunch of strangers. Not to mention the intimidating one way mirror on one end of the room and the videos cameras.
In my opinion, I am not completely sure that most of the participants in focus groups respond to questions in a way that they would normally respond in a real world conversation with their friends and/or family. Take reality television like MTV’s Real World and the Bachelor as an example. I would argue that many of the participants on these shows are simply putting on an act because the cameras are in their faces 24-7; and because they are on camera, they are not genuinely interacting with others the way they would normally do off the camera.
With that said, I believe that online conversations are more authentic for two reasons. There is a sense of anonymity online when they are interacting with others. They are in a comfortable environment and are not afraid to share their real thoughts, ideas, concerns and criticisms about a particular product. In addition, they are talking to people that they trust and already have an established relationship with.
Conversations mean absolutely nothing if marketers aren’t:
- listening to these conversations
- participating in these conversations
- providing feedback to product teams about these conversations
In other words, what better way to gain immediate insight about a new product or feature than from the people who are already using it and talking about it? Chances are that even if just one person is talking about your products online, it’s likely that there are many others talking about the same issues offline as well.
The reality is that even if the feedback makes no business sense whatsoever; just the fact that you are listening and participating will make a world of difference.
I do believe that focus groups and other forms of market research provide value to marketers; however, social media has created a new element of this same research; and it should not be overlooked.
Technorati Tags: social media, conversational marketing, conversational media,
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January 20th, 2008 at 5:41 pm
Yeah, I agree. I was in a couple focus groups too when I was in college. I was just there for the $100! LOL.
In reality though, social media is totally a great way to gain insight to whether or not people are talking about your products. The challenge is identifying if these conversations are isolated incedents or not.
January 23rd, 2008 at 10:18 am
Great post, Michael! It's evident that social media/digital communities will provide corporations and marketers a more honest response from their consumers in real time.
I do caution those who attempt it; be ready for the responses. Be ready with a team of folks who specialize in responding to consumer inquiries/complaints [Legal, PR, Marketing, etc.].
- sv
January 29th, 2008 at 8:55 pm
thanks Sonia. Yes, it's definitely a challenge but well worth it.
January 29th, 2008 at 10:14 pm
yes, i agree. it is well worth it.
January 30th, 2008 at 5:00 am
Marketing truly is a challenge but I recently found a way to overcome that challenge, it was only after reading the books of jeff paul that I realized the true potential of internet marketing as a money making industry
January 30th, 2008 at 5:18 am
jeff paul? Never heard of him. Sounds like some MLM scheme to me. Stop spamming this blog.
January 30th, 2008 at 8:35 am
LOL!!!
February 13th, 2008 at 6:39 am
Any way that you can gain valuable insight into your market is a good way. There are merits to the varying methods, all of which can either be good or bad. I once worked for a top 10 bank, and partipated in a focus group where we discussed commercials that played nationally, and that were humorous, but not THAT humorous. Problem was that the marketing department already loved them, and they did not want to hear otherwise. In this case, and in my opinion, they wasted my time and, unfortunately, good television time.