Increasingly skeptical about brands and resistant to marketing, many consumers are using the Web to research products and brands – turning to blogs, review sites and social networks for advice on how to find the best values as they seek to stretch their budgets.
Smart marketers are engaging their customers online, but it’s important to do some testing before you dive in to the digital ocean. Research provides the crucial difference between an online campaign that merely agitates the water and one that creates an ongoing current of measurable results. And the same technology that enables customer-to-customer conversations also makes it easier to conduct research in real time.
Here are some tools the Werth research team uses to help clients get to know their customers:
Search engine and keyword research – Because the majority of consumers start any quest for information with Google or another search engine, it’s important to know what keywords your customers are most likely to use.
Online reputation audit – A 360-degree view of your online presence uncovers who is talking about your company, your products and your competitors, where and when these conversations are taking place, what is the tone and content of these conversations and how conversations begin and unfold. Werth has developed an online reputation audit that is helping clients determine which online platforms and strategies are worthy of investment and sets a benchmark prior to campaign launch.
Social media monitoring – Ongoing monitoring of blogs, Web sites and social media platforms such as Facebook, YouTube, Twitter, LinkedIn, Digg, etc. provides real-time insight into how your campaigns are working, highlights new opportunities and signals early warning of any negative trends.
Other digital research methods include e-mail and online surveys, online focus groups and proprietary online panels. I’ll explore the uses and benefits of these in an upcoming post. Whatever the method, market research remains the best way to understand consumer behavior and to make smart investments during a time of economic challenge.
Interested in learning more about consumer trends? Research presented in the July 2009 issue of Harvard Business Review shows that the recession is having a far greater impact on consumer spending habits than previous downturns, and that some behavior patterns, as well as brand perceptions, may be dramatically altered. Paul Flatters and Michael Willmott of Trajectory, a consumer trends forecasting consultancy, document massive shifts in consumers’ purchasing behavior and attitudes toward brands.
