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Archive for the ‘Market Research’ Category

Paid Surveys for Your Guerrilla Marketing Campaign

Sunday, March 8th, 2009

Guerrilla marketing is a form of below-the-line (BTL) execution. This strategy combines direct marketing with activation. Successful guerrilla marketing relies on a highly targeted audience. Public notice for PR and free media mileage is also a top consideration.

Paid surveys can help you determine which market segment to focus on. However, there are 3 other things that you should consider to make your guerrilla marketing campaign successful.

1. Location

Craft your paid survey questions to include information on where your niche market usually hang out, or which places they think are relevant to your brand.

Some responses could be their homes or other private areas. Look out for places that attract your niche and other people who might be interested in your brand. These are the locations you want to consider when it’s time to roll out your guerrilla marketing campaign. (more…)

Lower Marketing Cost Through Paid Surveys

Thursday, February 19th, 2009

Direct Marketing (DM) and Customer Relationships Management (CRM) work hand in hand in keeping marketing costs down. Targeted executions constantly build relationships with your customers and, at the same time, measure the returns per DM expenditure.

Customers move up a loyalty ladder, depending on how effective your DM-CRM campaign is. Below are the 4 rungs of the loyalty ladder, from the lowest rung (least loyal) to the highest rung (most loyal). Paid surveys can help you tweak your DM-CRM materials so that you can move up from one rung to the next with the least amount of spending.

1. Prospect

People who belong to this rung have not yet purchased your brand—ever. Prospects are the people whom companies spend the most on. Generally, it costs brands more than twice the amount to attract new customers than to maintain the ones they already have. However, if you’re seeking to stretch your market, then paid surveys can already give you an idea how to do the initial communication with your desired market. (more…)

Paid Surveys for Your Brand’s Positioning

Thursday, February 19th, 2009

Market positioning refers to how your niche or target market differentiates your brand from your competitors. Your positioning could rely on a unique product attribute or an emotional benefit or reward that they cannot get from other brands in your category.

Using paid surveys

Armed with the right questions, paid surveys can help you determine how to best position your brand. There are 3 main factors to consider:

* Your product/service

Paid surveys can help you know your product and your competition inside-out. Based on the responses, come up with a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis to figure out which aspect of your product you should highlight. (more…)

Marketing Research with Paid Surveys: Usage, Attitude, Image

Tuesday, January 27th, 2009

Marketing researches come in different forms with different goals. Usually, researchers begin with the UAI (Usage, Attitude, and Image) study. The UAI gives researchers a good combination of consumer insight and information on brand performance.

Traditionally, companies seek the help of research firms to come up with a UAI questionnaire that chosen respondents can answer. With online paid survey companies, you can achieve the same result at a fraction of the cost.

Below are more detailed explanations of how you can maximize the benefits from your paid survey, to get the information you want from the target market that matters to you. Let’s pretend that your product is shampoo. (more…)

To Stretch or Not to Stretch Your Market: Answers from Paid Surveys

Wednesday, January 14th, 2009

Paid surveys are a great marketing research tool. Asking the right questions and being interested in the right details can make paid surveys a rich source of primary consumer information. It is important to note that it is not enough to limit your surveys to respondents who correspond to your target market’s profile. It is also important to stock up on information about the competitive and emerging market, so that you are made aware when good opportunities make themselves available.

Market stretching

At this point, you could already be comfortable with your target market of choice. However, it doesn’t mean that you’re making the most out of your entire product line. No matter how good business is, there is always room for great improvement if your entire company survives on the success of one brand. (more…)

Expand Your Market with Paid Surveys

Friday, January 2nd, 2009

Your business could either be doing bad, or just ok. But if you can find a way to turn your business into a market leader, you can reap the rewards of skyrocketing profits. Change what you’re doing to see a change in your business’ performance. Now is a good time to see past traditional marketing and advertising.

Loyal customers spend more

The Pareto Principle states that 80% of your profits come from 20% of your customers. This 20% make up your best customers. Your loyal customers always come back for a reason, and it makes good sense to take good care of them. These people naturally become your brand ambassadors. They tell their friends about how great you are, and all the possible reasons why they should give you a try. (more…)

 

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