SurveyAnalytics Blog

Conjoint Analysis – Better Charts and Updates to Market Segmentation Simulator

March 11, 2010 · Leave a Comment

Quick update on Conjoint Analysis – We’ve added in some charting options to the Relative Importance utility:

Screenshot below:

Survey Software Help Image

The Market Segmentation Simulator also has been enhanced and updated with a better user interface:

Survey Software Help Image

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Benchmarking – A Live Experiment in Co-Creation – Are you ready for this?

March 11, 2010 · Leave a Comment

Last week as we were batting around our “Web Analytics” integration strategy (Omniture, Google Analytics) – we thought up of an interesting concept that I’d like to share with all our readers and more importantly, get you to comment and discuss this.

Problem Statement:
We were talking to WebTrends about integrating surveys (stated-choice data) with behavioral data. We already do this with Google Analytics and Omniture SiteCatalyst. The folks from WebTrends asked us an obvious quesiton – How many customers/users do we have who have WebTrends deployed? – Good Question. So obviously, we thought, we can simply post a survey on the blog and get at least an idea (the blog in general represents our early adopters and more engaged customer base) – of how the distribution of the Web Analytics solutions is. Google Analytics, Vs. Omniture Vs. Webtrends Vs. Clicky Vs. Hitwise

Easy enough – we can get this done. Hell we don’t even have to pay for Survey Software!

Then something dawns on us:

As I was getting ready to put the survey together, we thought – “I wonder what some of my other blogger friends have to say about this? – i.e. Would they want to find out the same information about their own readers? I knew Ivana on her DIYMarketers blog would find that interesting – The Web Analytics solutions her readers are using. I also contacted Paul Dunay one of the most prolific B2B and Integrated Marketing bloggers out there to get his take – he seemed intrigued.

The brain expansion continues…
We then started thinking – how about we let anyone syndicate/republish the survey? In theory, if Ivana or Paul wants to collect the _exact_ same data, she should be able to use my survey – instead of copying and creating a new survey – and having a disparate data-set, she (or for that matter anyone) should be able to syndicate/republish the survey that I am doing. Not only that – anyone (including you) can take the survey and republish it with a new encoded URL – for your own website. Sort of a benchmarking profile. Now, this introduces some challenges and some advantages:

Challenges:

  • I am probably not interested in intermingling my data with other’s – After all the reason I am doing this exercise is to find the the answer to a specific question – How many of my users could be using WebTrends, Omniture, Google Analytics?
  • If I consider the survey to be a competitive advantage – the structure, questions etc. – I would not want to give that away to anyone else (without fair compensation.)

Advantages:

  • I can do “comparative analysis” – my reader profile vs. Ivana’s reader profile vs. anyone else that has chosen to a part of this benchmarking/syndication experiment.
  • By letting anyone syndicate/republish the survey, the data I collect from other blogs can actually be interesting – maybe there are patterns that can be discerned that group B2B blogs vs. B2C blogs vs. Product Blogs Vs. Marketing Blogs etc.
  • Ivana/Other bloggers can promote the survey and extend its reach (far beyond the QuestionPro blog)
  • The data that is collected can actually be VERY interesting to Omniture, WebTrends and Google Analytics.
  • If there is enough data, it could then be sold (and revenue could be shared) amongst the participants of the experiment.

Co-Creation:
Here is where you come in. Now we know (based on the commentary above) what we need to do. But like all good things, “we don’t know what we don’t know” –  I’ve decided to blog about this Benchmarking tool/offering and make it as open as possible. As part of this benchmarking experiment, I also decided to follow another model for development. I am going to do two things:

a) Blog in detail about the co-creation experiment.
b) Update and modify the software based on recommendations and consensus opinions (yes I know this is subjective – but this is not a democracy – it’s a meritocracy.)

Please use the comments (below) on this blog to post on:
a) What do you think about this Benchmarking/Republishing Concept?
b) Would you use it? Be a part of the pilot? If not why not?
c) What are the pitfalls?
d) What updates/enhancements can we make to the model to make it more attractive.

I’ll be posting a series of blog posts on our Benchmarking solution and as it evolves…

Next Post : The Web Analytics Benchmarking Survey itself.

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How to Find Out if Your Brand is Bland

March 8, 2010 · Leave a Comment

I subscribe to “Trendwatching.”  If you don’t you should.  This is a terrific resource for marketers, business owners and executives at all levels and in all industries.  Trendwatching is an organization dedicated to doing exactly what the name implies — watching trends, naming trends and reporting on them to those who don’t have the time or expertise to synthesize all the information.

They use a variety of ways to collect this information — mostly by having feet on the ground all over the world who self report.  But this is the first time I’ve seen this kind of information collection and I’m going to show you a series of them over the next week so that you can not only see these powerful presentations – but get some ideas about how you can use this methodology for yourself.

The key in each of these video presentations in the series is the question they ask – and their collection methodology.  With a few basic clicks of a video editor – they’ve pulled together a powerful case for trends and brands.

Would Customers Say These Things About YOUR Brand?

In this video’s consumers are asked the simple question of “What phone do you use?”  For several minutes peole for all over the world respond.

  • What pattern do you see in phones?
  • What phone brands are conspicuously absent from the video and the responses?
  • If you were to create one of these for your own brand – what question would you ask?  What would you expect to hear or see?

Leave a comment and tell me what you think.

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5 Steps Toward Turning Your Commodity Into a Great Customer Experience

March 5, 2010 · Leave a Comment

When a consumer buys a service there are a set of intangible activities carried out on his/her behalf.  When a consumer buys an experience, however, he/she buys a set of memorable events that a company has created – as in a theatrical play – to engage him/her in a personal way.  Engaging a customer in a personal way gains their trust and their continued loyalty as well.

The nature of economic value follows a natural progression from commodities to goods to services and then to experiences.  Each step along the way adds value.  Think of coffee.  The coffee bean is a commodity to be sure.  It is widely traded on the futures market and is a classic example of economic elasticity.  When it is roasted and packaged it now becomes a good that is distributed throughout various retail channels.  When it is brewed it now becomes a service that is available at cafe’s, restaurants, etc.  When it is served in a high-end restaurant or espresso bar, where the ordering, creation, and consumption of the cup embodies a sense of ambiance or sense of theater, it now becomes a distinctive experience.  It is interesting to note that the price one is willing to pay increases as the good or service moves along this evolutionary path.

  1. Engage consumers in a personal way.  How?  Well, it’s always best to ask.  Asking customers what they want sounds almost too easy but it’s surprising how many businesses forget about this critical step.
  2. Watch customers.  Observe your customers and note their frustrations as well as their enjoyment.  Are there any unmet needs you notice? Anything you could do to enhance the experience?
  3. Think about the difference between opening a Dell computer (not too exciting) and opening a new Apple computer (exciting).  Think about the coffee shop that double seals your bag of freshly ground coffee because they knew you were traveling and didn’t want the coffee to get stale.
  4. From a technical services point of view, think of how you can make a typical service call an experience or think of something that the client always asks for and then just add that into your routine.
  5. Does your client often stop at a specific coffee shop before a meeting?  Next time, have the coffee shop mention that their drink is free – compliments of you.  They will remember this gesture – for a very long time.

There are many types of experiences that can engage an individual and the challenge of the business is to create experiences compelling enough to make a lasting impression.  When you do this, you create loyalty and loyal customers are one of your best forms of sustainable competitive advantage.  They are priceless.

So the next time you hear about something being a commodity – think about how you can make it invaluable by creating an experience around it.  It’s value will increase greatly and you win by creating loyal customers.

About the Author: Shane Ketterman is an IT Professional and MBA grad.  He owns Gorilla-Force.com and is a Certified Professional Coach focusing on the IT industry.  He is passionate about social media, marketing, and seeing others succeed.  His website is http://www.fiveforcesgroup.com

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There’s Capital and then There is Capital

March 4, 2010 · Leave a Comment

How important is money in connecting influential people to each other? Surely, it plays a large factor but what is most curious is that a person’s riches and the size and power of his circle of influence do not correlate particularly well.  There is one core exception to this:  the VERY rich who, almost by definition, are connected to centers of power.  Billionaires are in a club of their own but centimillionaires and decimillionaires are not. To be clear, these are arbitrary demarcations but the spirit of the point is clear:  there are kinds of capital, outside of financial wealth, that correlate to influence.

Why discuss this?  Is it not obvious?  Has this idea not been elevated countless times into the pantheon of clichés- “Money isn’t everything” or “Can’t buy me love.”


Well, hold on. In societies that worship Mammon, the cliché works the other way too.  After all “health is wealth” and “I feel like a million bucks” are phrases often heard.   The equation of all things good to money happens more often than the negative position.  As we are reared in this notion (or at least exposed to it countless times a day) we lose sight of other forms of capital.  On occasion, sudden traumatic events shock us out of our stupor, but real epiphanies are few and far between in the sound bite society.

What is my intent in writing this?  This is not another paean to love.  This is not a feel-good,-it’s great to be poor yet happy-what really matters is spiritual poise manifesto.  Indeed, it is the opposite.  It’s a practical guide to personal and professional development aimed to (hopefully) enlighten people on the panoply of ways to create, add, and deliver value to others.

The Five Types of Capital

For the sake of debate, I posit 5 types of capital.   There are likely others, but these 5 form 90% of the total.  I have studiously avoided categories like “Spiritual Capital” most importantly because they are subsumed in the others.

Here they are:

Financial Capital:  Money.  The ability to buy.  The potential ability to avoid existential need as regards one’s physical needs.

Access Capital:  Entrée.  The ability to enter circles of influence with relative ease.

Intellectual Capital:  Intelligence.  The ability to process facts, data, and stories quickly and to be able to think large thoughts.

Gravity Capital:  Charisma.  The ability to hold a room, to convey meaning powerfully through compelling communications and at times through the sheer force of will.

Execution Capital:  Drive.  The ability to do, to translate ideas into tangibility.

Predictably, these are not always either connected or resident in the same (howsoever rich) person.  This fact crystallized to me some years ago when I was a fairly-lazy, impecunious junior professional with little clue and no direction.  I was at dinner with the son of a very well-off man and with another man who, while well-off, had maybe 10% of the financial capital of the first man.  Man One was lamenting some health issues and his inability to get access to leading specialists at the Mayo clinic.  Man Two, every helpful, immediately gave Man One a reference to “a good friend” who also happened to be one of the top few people in the country in the particular areas of medicine in question.  Two weeks later, Man One was in front of the Doctor and getting what he needed.  Access capital at work.

Growing up, my father was to me the height of charisma.  Dad is a very well-known Physicist but also a polymath, a gifted intellectual in many areas.  We grew up hearing not only about great physicists but of the Chinese Revolution, of the books of Par Lagerkvist, of the schools of Indian Philosophy.  When I once asked dad about the field of logic he asked me to read something by Gödel (I never did).  People flocked to see dad and to hear him hold forth.  One incandescent moment from my childhood is when some of dad’s friends asked him to read T.S. Elliott for them.  Apparently, his ability to render it was spell-binding.  A combination of Intellectual Capital and Gravity Capital at work.

While working at Microsoft, I styled myself a really smart, capable marketer.  I at times scoffed at some others around me, feeling entitled to things I had not earned.  The most important two years I spent there were also, therefore, the most frustrating for the obvious reason:  My manager saw through me and told me to slow down and just get things done.  Until then I was considered the “top of the top,” getting back-to-back stratospheric reviews and quick promotions.  Suddenly, I saw many of my peers promoted before me; while I was truly thrilled for them, I did fall into the “why me?” and “the bosses don’t get me” trap.  All the while I missed the main point:  no one denied I was very smart but when it came to coherent, large-scale execution I rated a B, incommensurate with my (I think) A intellect.  That dissonance made me, well, an ass.  Execution capital matters and matters big.

There are countless lessons to be learned from this.  None of them is earth-shattering or particularly original to me but I hope to be able to help others (and myself) by fructifying rarefied thoughts into useful words.

Some of these lessons are somewhat obvious:  Intellect is not everything nor is money.  Having connections in one sphere might not translate to enjoying them in another.  Success is complex.

Some of the lessons are more subtle, however.  Rich doesn’t mean smart nor does it imply charisma.  In some areas, access is far more useful than intellect or money.

As I said, I am writing this to clarify  but also to admonish.  Most people I see compete for financial capital feverishly.  This is a huge mistake and makes for an uninteresting bunch.  It’s curious to me how people who can piously intone the need for “differentiation” and “adding unique value”  can simultaneously be so homogeneous in their teleology.  To go down the path of “money is the only capital” is to go down the path of ultimate loss.

Find ways to develop different sorts of capital.  Don’t forsake the development of the intellect for the pursuit of riches.  Know, love, and help people in all areas of life, across industries, and financial categories.  Develop gravitas in areas not defined by the dollar.

What you’ll find in the process is that you are better for it and you are able to “do more” across a variety of planes.  What you’ll find after that is that certain types of capital never really diminish, very much unlike the category (money) that if we let define us, ultimately demeans us.

About the Author:  Romi Mahajan is an advisor for Ascentium, a leading digital agency located in Bellevue, WA. Contact Information: romi.mahajan@ascentium.com


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Optimized Copywriting: Transform Features into Compelling Benefits

March 3, 2010 · Leave a Comment

Last month’s blog post focused on the basics of optimized copywriting – text that uses relevant keyphrases to attract increased targeted traffic to your website.

This month, we’ll delve more deeply into how to write persuasive text that helps to convert prospects into buyers. We’ll focus on the differences between writing about features of your products and/or services and the benefits of those products and/or services – and demonstrate how compelling benefit statements draw in prospects.

Features of Products and Services

Product example: Let’s say that you’re selling access to a web app that allows companies to get quick snapshots of their current cash flow positions.

The features of your product might include tools that allow for fast easy entry of data and for the creation of reports that organize your information in helpful ways.

Service example: Maybe you own a professional organizer business. An important feature of your service package may include a follow up consultation with your clients to reinforce new organizational habits in them.

What’s next?

Take a step back to think about why someone might be interested in your product (cash flow web app) or service (professional organization).

  • If your company markets the web app, prospects might like the fact that getting a cash flow report is now faster and easier.
  • If you’re the professional organizer, your prospects might feel that they’ll get more work done and manage their time more efficiently if they can master organizational strategies.

Benefits of Products and Services

Now, let’s get to the heart of the matter: how purchasing your product or service can benefit your prospects!

Product example: When someone purchases access to your cash flow web app, he or she will definitely save time; but he or she will also have nearly immediate access to valuable data about the business’s cash position. This means that your prospects will be able to use the time saved – and the incredible information gathered – to make quality decisions that can help grow their businesses.

Which headline would get your attention more?

Features with minor benefit: With the ABC cash flow web app’s new and improved tools, you can finish your reports more quickly!

or:

Benefits focused: With the ABC cash flow web app, you’ll have vital information right at your fingertips, allowing you to make the best decisions for the growth of your business.

Service example: Let’s now look at the professional organization consultation. With your seminar feature, your prospects can discover organizational techniques, which will certainly make for a neater office – but, more importantly, these techniques can free up time, which could be used to pursue personal and business goals and dreams.

Again, which headline would grab your attention?

Features: Learn organization techniques with Sandra’s seminars – and receive a follow-up consultation!

or:

Benefits: Free up your time to pursue the dreams of a lifetime with Sandra’s organization services and her personalized one-on-one consultations.

Something to Think About

Take a look at your own website. Are you sharing the features of your products and/or services – or the ways in which prospects can truly benefit from choosing your company? If you’re spending too much time on the features, how can you edit the text to bring the incredible benefits of your products and/or services to the forefront?

Next month, we’ll share part 3 of our successful copywriting series – giving you more information to help attract targeted traffic (sales leads!) to your website.

This month’s opportunities:

Knowledge is power – this month, you’ll be filling any gaps in your understanding of SEO copywriting.

  1. Read through the Search Marketing Terms Glossary
  2. A few quick reads about blogging:
    1. Discover how to create an editorial calendar for your site’s blog.
    2. See how corporate blogs really do influence buying decisions.
  3. Read about how to create effective landing page copy on your site.
  4. Discover what questions your prospects are asking – and then answer them on your site.
  5. Bonus: read back issues of the newsletter here: http://www.thesearchguru.com/email-archive.asp to learn more.
  6. Burning question or comment? Email me at Results@TheSearchGuru.com.

About the Author: Leslie Carruthers is President of The Search Guru, a best practices full services Search Marketing firm creating breakthrough results for their clients since 2004. Leslie can be reached at 440-306-2418 orResults@TheSearchGuru.com.

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Webinar: 10-Point Checklist for Questionnaire Design

March 3, 2010 · Leave a Comment

This post comes from Product Management View:

About the Webinar: Ryma’s April 7th webinar will be presented at noon ET by Esther Rmah and Kathryn Korostoff. Regardless of whether you are planning your first market research questionnaire or your 10,000th, this webinar is for you if you ever see yourself considering a customer survey again.

The 10 steps for a stress-free customer survey process will contain bits of information that is a result of decades of practice. Esther and Kathryn will be discussing a simple process to write a successful survey, and basic tips when using an online survey tool to ensure data reliability.

About the Presenters: Kathryn Korostoff is a market research professional with a special interest in how organizations acquire, manage, and apply market research. Over the past 20 years, she has personally directed more than 600 primary market research projects and published over 100 bylined articles in trade magazines. Currently, Kathryn spends her time assisting companies as they create market research departments, develop market research strategies, or otherwise optimize their use of market research. Prior to Research Rockstar, Kathryn completed the transition of Sage Research–an agency that she founded and led for 13 years– to its new parent company.

She is the author of “How to Hire & Manage Market Research Agencies“,

Esther LaVielle is currently an Account Manager at QuestionPro and Survey Analytics, which was started in 2002 in Seattle and is now one of the fastest growing private companies in the US. Prior to her adventure at QuestionPro she spent 3 years as a Qualitative Project Manager at the Gilmore Research Group.

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Complex Quota Control – MultiVariable Controls – Market Research Update

March 2, 2010 · Leave a Comment


We’ve added a new tool for Complex / Multi-Variable Quota Control – with a dashboard to view (in real-time) how the cells of the quota are getting filled:

Detailed Help:
http://surveyanalytics.com/help/484.html

Survey Software Help ImageSurvey Software Help Image

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Information Week – SurveyAnalytics Interview

March 1, 2010 · Leave a Comment

InformationWeek

Fritz Nelson recently did an interview with me about SurveyAnalytics and our solution offering and platform.

Video Link:

http://link.brightcove.com/services/player/bcpid65694832001?bctid=68625457001]

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Submit Your Articles to Survey Analytics and Build Your Brand Today!

February 19, 2010 · Leave a Comment

Over the last few months, you’ve probably noticed that our Survey Analytics blog articles come from a variety of experts. We’re not just about market research or online surveys — we’re about customer feedback, customer experience and so much more.

We’d love to have more of our readers become our guest experts!

Guest Posting is A Great Way to Get Your Brand and Expertise Visible

Used to be that simply getting your blog listed on another “popular” blog’s blogroll was enough to build traffic to your site. These days, that doesn’t seem to be as popular as guest posting.

At a time when good content is hard to come by – guest posting is a wonderful way to get your brand and expertise noticed by others. Think of it as an “advertorial”; an educational ad that you post for FREE on a related blog or site.

You may have noticed that I’ve been using guest posts recently to feature services and tools that my readers might find interesting. It’s a win-win situation for everyone involved. The guest writer gets some added visibility to a new audience and I get interesting content written by an expert in a particular area.

If you’re a new blogger or have recently gone into business, try reaching out to other bloggers in a related industry and ask if you can post articles on their site.

Hints for Great Guest Posts

  1. Educate – Don’t Sell.This is an opportunity to educate a new audience about your expertise. You are selling by virtue of being included in the blog. There is no need to over-do it.
  2. Keep it Conversational.Keep your tone friendly and conversational. Pretend that you are sitting at a bar with a friend and just sharing information that they will find helpful.
  3. Offer links and examples. Show examples of what you are talking about so that the audience can get a sense of context. In other words – help them choose.
  4. Provide an “About the author” bio. Create a super-short About the Author bio to include with your article. It should contain no more than two sentences about who you are and what you do as well as a link. It’s best to provide a link to a blog where they can read other articles – but a web site will do.

Now you’re ready to start promoting yourself, your company and your brand. Reach out to your favorite blogs and contribute content – you’ll be surprised at how open people are to learn about what you offer.

How to Start Contributing to Survey Analytics Blog

It’s easier than ever to submit your articles and article ideas.

In the right-hand column, you’ll see that we’ve created a button that will take you to a quick and easy form that you can use to tell us about your article and send us your contact information.

I will get back to you and we can work out the details of your article and when we can publish it.

Survey Analytics has over hundreds of thousands of customers. Every time we run a report and receive the results in an e-mail, we also receive the latest blog post.

This is a terrific opportunity to educate and inform the Survey Analytics community about your area of expertise.

We only ask that you contribute original content and that you focus on educating and informing and NOT SELLING. We will not publish any articles that are pure promotion.

.

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