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Is it Time to Do Away with Market Research Departments?

What’s your gut response to the title question about eliminating Market Research Departments? Yes? No? It depends?

I am probably in the third camp. No, if it is a department that integrates and analyses information from multiple sources, and then delivers actionable insights and recommendations. Yes, if it is the traditional market research department. Let me explain.

Thanks to social media and websites, the IoT (Internet of Things) and smart products, companies are inundated with information these days. Who better than market research to help in its analysis? But in order to become this new business decision support group, new skills are required.

Insights 2020 by Kantar-Vermeer spoke about the need for researchers to have five critical capabilities:

  • Research & analytics mastery
  • Business acumen
  • Creative solution thinking
  • Storytelling
  • Direction setting

 

This research is now a few years old and the world is changing fast. A more recent study by BCG and GRBN resulted in an Invest in Insights Handbook to help organisations report on the ROI of the insights function. They found that those who measure their ROI have found a seat at the decision table, increased budgets, and more control. Those are the department objectives that the FMCG world in particular desires today, be they in a manufacturing or retail environment.

As the handbook mentions:

“Architecting a world-class Insights organization requires executive, cross-functional commitment/engagement”

To do this, they mention the following six points:

  • Vision & Pace
  • Seat-at-the-table and leadership
  • Functional talent blueprint
  • Ways of working with the Line
  • Self-determination
  • Impact and truth culture

The report concludes that:

“The biggest barriers to experimenting with innovation in CI are resources, both time and money. A lot of times there’ll be [a need for] an innovation project but it can’t find a home.”

Barriers to CI innovation

This seems to suggest, at least to me, a chicken and egg situation. Resources are insufficient because the business doesn’t see the benefit of investing in market research and insight. But the Market Research Department is struggling with insufficient budget and personnel to provide the support that they should – and often could – provide.

In the GRBN report, they mention the largest barriers to the measurement of the ROI of market research and insight. These were found to be:

  • Difficult to do – studies are used in many different ways
  • Difficulty in isolating impact of consumer insights
  • Time lag between insight delivery and business results

The secondary concerns are:

  • Consumer insights distant from business decision-makers
  • Business objectives not clearly defined
  • Insufficient staff to measure
  • Lack of alignment on important metrics

Looking at this list, it is clear that the market research profession is in need of a significant overhaul. Most local MR associations, as well as the global ESOMAR team are all very aware of this and have set up various groups to look into it. If you want to learn more about what they are doing, check out the discussions on the topic in last year’s ESOMAR conference in Amsterdam. You can also read a short commentary from System 1. Hopefully we will see changes coming out of all those debates in the coming years.

In the meantime, I decided to propose a few ideas to get your market research and insight departments moving in the right direction, no matter where you are today.



Hopefully the following ten proposed steps will move your market research department forward, wherever it is today. If you want to talk to someone about your own particular situation, then book a free advisory session with me to get you started. 



10 Steps to Reinventing Your Market Research Department

Here are the steps that I would suggest you take, should you wish to create or optimise your market research and insights function:

Step 1: If you already have a market research or insights department, then the GRBN / BCG self-assessment tool is a great place to start – and it’s FREE! The link is: http://insightsassessment.bcg.com/ . This will clearly indicate both what stage of development you are in, and what you can do to improve. Invaluable! Then all you have to do is to prioritise the changes needed!

Step 2:  Another assessment tool than can help you to better understand your customer understanding in its wider sense, is our  C3C Evaluator™. Again it is FREE; the link is: https://c3centricity.com/customer-centricity-mini-quiz-2. Unlike the insight assessment tool from BCG, this evaluator tool looks at insights as the motor or foundation to adopting a customer-first strategy. As such, it considers best-practice market research and insight development as a management decision support tool. Again, after your evaluation, you get a summary of what you need to change so you can prioritise your actions.

Step 3: Review the management’s needs in terms of information – besides the financial data they are certainly already receiving. Prioritise these and choose only the major KPIs (Key Performance Indicators) to follow your business vision and strategy. For a truly customer-centric organisation these may include:

  • Market and category shares
  • Customer profiles
  • Brand image and brand equity metrics
  • Pricing, value perceptions and CLV (Customer Lifetime Value)
  • Distribution and OOS (Out-Of-Stock)
  • Awareness of communications
  • Understanding and appreciation of messages
  • Website and social media traffic, and conversion rates
  • Customer retention and churn rates
  • Sales funnel’s level distribution

Besides measuring your chosen metrics, trends often mean more than the numbers themselves – in many markets the numbers will be going up anyway. Although I have mentioned many examples above, remember that KPIs mean the metrics you choose must be KEY to your business. Choose wisely so you don’t drown people in data and information.

Step 4: Identify which of the metrics you already gather and which you need to start collecting perhaps on a more regular basis. Then review methodologies and suppliers for providing all the information. If you already conduct regular tracking studies, they should be opened for pitch every few years, to avoid both sides becoming complacent and stale.

Step 5: Once the metrics are agreed upon, turn them into a one-page summary or dashboard. Most executives don’t have time for more than a rapid scan of information, so find ways to help them to read it. Using traffic-light colours, graphs and one-number indices all help them to quickly understand the current situation and identify any needed actions.

Step 6: In addition to data, management will also require information about the market, its customers, competitors and retailers. This can be gathered through observation and listening, whether in person or through market research qualitative studies. Read “Five rules of observation and why it’s hard to do effectively.” for more on the topic.

Step 7: Improving your data and information collection coming from market research will depend upon a solid briefing document. The brief should be developed in collaboration between the internal client and the market research department. It must include at a minimum why the information is needed, by when and why. For more on better briefing, read “Why Marketing doesn’t Always Get the Research it Needs, But Usually What it Deserves.”

Step 8: Identify how to measure the ROI of your service. The importance of a detailed brief cannot be overemphasized. It will not only allow good work to be done so the business gets the answers it needs. It also allows the measurement of its ROI. Knowing how the information will be used and the value of the decisions made from it, will go a long way towards proving its value. If this is only considered in retrospect, it is unlikely to meet with agreement from all concerned parties. Therefore these need to be discussed and included in your briefing document.

Step 9: The next step is to build a team of supporters within the organisation with whom you regularly share all the nuggets you learn from your different analyses. Beyond answering the questions for which any research was conducted, there are always additional learnings which can be invaluable to share. Unfortunately most Market Research Departments are so stretched that they spend most of their time behind their desks.

Even if it is just in the corridor, or during a coffee or lunch break, always have something interesting to share with your internal clients. This will quickly build respect and the MR team will be seen as an invaluable source of business understanding. Of course, this does mean that the department should be involved in business meetings, but this tends to naturally come when you start sharing more than market research presentations and reports.

Step 10: The final step in optimising your market research department is to start developing insights. Although I mention this last, the 7-step insight development process I suggest to my clients involves data and information gathering only at step 6. And yet this is the one thing most MR departments are seen to do.

The reason why I mention insight development last here, is because an organisation must believe in the need for a deep understanding of their customers before it can start to develop insights about them. Otherwise its market research department will remain simply a data-gathering group. For more details about the C3Centricity insight development process, read “Customer centricity is today’s business disruptor, Insights are its foundation.”

Et voila! The first ten steps that I believe will help all organisations upgrade their market research department. If nothing else, please complete the two assessment tools. They will give you a terrific start to understanding just how good – or bad – you are today!

Also do check out our insights training offers. You can download the brochure HERE

Hopefully these ten proposed steps will move your market research department forward, wherever it is today. If you have experience in creating or upgrading a market research and insight team I would love to hear what challenges you faced. 

 

Why You Struggle To Meet Your Business Objectives (And how to Crush them)

“There may be customers without brands, but there are NO brands without customers!”

I am often quoted as saying this and yet I still find most companies spend more time thinking about their brands than their customers, which is alarming to say the least! And you? 

Last week I spoke about identifying the exact category in which you are competing. If you missed it, then I suggest you read “You’re Not Competing In The Category You Think You Are!” before continuing. You will never be successful if you don’t understand the category people put you in and the competitors they compare you to.

In the post, I explain that we often work with a category definition that is based upon industry norms rather than that of our customers. For instance you might segment by price or demographic groups, whereas your customers group brands by flavour or packaging.

Understand how customers see the category and its sub-segments, can make a huge difference to your success in satisfying your own target customers.

This week I want to continue the theme of taking the customers’ perspective by speaking about our own business objectives. You know, the topics that make up our business and marketing plans with such lofty ambitions as:

  • Grow our market share to X%
  • Become the category captain/leader in Retailer Z
  • Launch three new brand variants

All of these may be valid business objectives, but they are not customer focussed. They start from the business perspective.

Growing market share may be a valid business objective, but it's not customer focussed. Click To Tweet

Adopting a customer-first strategy means turning business objectives into customer aims, by taking what is sometimes referred to as a bottom-up, rather than a top-down approach.

Here are some questions to help you identify your customers’ aim, their attitudes and behaviours that you are trying to influence:

1. Who are you targeting?

Every brand has a target audience. This is a sub-segment of all category users. Yes you do need to segment users and target the most relevant and most profitable group of them for your brand, and then ignore the rest. If you are trying to appeal to everyone you end up pleasing no-one!

“If you are trying to appeal to everyone you end up pleasing no-one!”

2. Why are they currently using your competitor’s brand?

In order to attract your competitors’ customers you need to understand their motives, why they are preferring the competitive brand to your offer. This information can come from many sources, such as market research, social media, or care centre contacts.

3. What reason might make them consider switching?

If you are to appeal to your competitors’ customers then you must be able to satisfy them at least as well, and ideally better than does their current brand. What do you know about the criticisms customers have of the brand? What benefits do you offer and they don’t, or only partially? Could these be appealing to some of their customers?

4. Why do you believe that you can appeal to them now but didn’t before?

Do you have benefits that you have never highlighted in the past? Have you improved your product or service to now make it a better option? The reasons for switching must be both obvious and appealing in order to attract new customers to your brand.

Answering these four questions will enable you to turn a business objective into a customer aim. You now have all the information you need in order to be able to attract some, if not all, of your competitors’ customers.

Answer four simple questions to turn a business objective into a customer aim. You will have all the information you need to attract some, if not all, of your competitors' customers. Click To Tweet

Let’s now look at a (necessarily) simple example.

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Business Objective: Grow our market share

This is probably one of the most common business objectives I have come across. Is it yours too?

In order to grow market share, we first need to answer the four questions mentioned above, and turn the business objective into a customer aim:

1. Who are you targeting? Suppose you sell a carbonated soft drink. At first, you may think you are selling to all soft drink consumers. However, from your Usage & Awareness data (or observation at retail) you know you are attracting 18-35 year old men, who live in main urban areas of your region. You also know that there are two competitor brands who attract the same consumer group, Brands X and Y. Brand X is the same price as your brand and is sold in similar can packaging. Brand Y however is higher priced and sold in glass bottles.

2. Why are they currently using your competitor's brand? From your brand image study, communications analysis or in-store interviews, you know who the consumers of Brand X and Y are. Hopefully you also know why they are using that brand rather than yours.

Do you have any of the benefits for which they are searching? If so, then you may be able to appeal to them. If not, then they are certainly not the best source of potential new customers for your brand.

For this example we will assume that consumers like Brand X because it is sweet and has small bubbles, whereas Brand Y is less sweet and is very fizzy.

3. What reason might make them consider switching? Consumers of Brand X are sensitive to fashion and the latest trends. Brand Y is a traditional brand that has been around for decades. Brand X was launched in the last five years and its can is bright, modern and trendy looking.

4. Why do you believe that you can appeal to them now but didn't before? You launched a new campaign that went viral on social media. Everyone if talking about it and it has positively impacted your brand's image. Whereas you used to be seen as a cheaper version of Brand Y, you have revitalised your brand's image and are now perceived as much trendier.

Customer Aim: Attract consumers from Brand X who are looking for a trendy, carbonated soft drink that comes in a can and is affordably priced.

As you can see from this objective, it is far more focused and is now based upon your potential customers' aim. This makes it both more actionable and easier to implement.

I hope you found this exercise useful and will try it yourself in your next marketing or business plans. If you do, then do let me know how it goes. You can email me or simply add a comment below and share your experiences.

Final Thoughts

Your plan may say that you want to grow your business, but in reality this objective is ongoing. Every year you are usually looking to grow your brand - unless of course you are "milking" an older brand as you allow it to die off.

In order to grow, you need to both maintain your current customer base, as well as attract new ones. It is well documented that it costs a lot more to acquire a new customer than it does to keep one.

And yet most organisations continue to spend more on acquisition than retention. To see the latest numbers on this, I suggest you check out this awesome infographic by Invesp that was recently shared by Neil Davey on MyCustomer.

According to Gartner's latest CMO Survey US CMOs continue to find more success with customer acquisition than they do with retention. They reported a 3.1% year-over-year increase in customer acquisition performance versus a 1.9% increase in customer retention performance.

The explanation could be that they always have growing market share as a company objective and think that they therefore need to invest more. Or perhaps it's because they take the time to attract new customers, but then don't invest to follow them over time, in order to identify their changing needs and desires.

While I agree both are important, with loyalty levels decreasing, organisations must invest more in retention than acquisition, at least in my opinion. What do you think?

While loyalty levels are decreasing, organisations must invest more in retention than acquisition, at least in my opinion. What do you think? Click To Tweet

Growing market share can only come from attracting more customers, getting your current customers to buy more, or getting your customers to spend more. It's time you considered investing (equally?) in all three areas.

Of course, you can also grow market share by maintaining your customers in a declining category, but that needs a totally different approach and more pertinent questions. If you're interested, then I'll happily cover this in a future post. Just let me know.

You’re Not Competing In The Category You Think You Are! (How to Find Out)

Last week I wrote about my 7-step CatSight™ Process for Insight Development. The first step is to identify the Category in which you are competing. I got so many comments about this step that I decided to dedicate a whole post to this important topic.

If you haven’t yet had the chance to read last week’s post (“Customer Centricity is Today’s Business Disruptor, Insights its Foundation”) I suggest you do this first, as background to this post. In it, I summarised the very first step of Insight development like this:

C = Category

Whenever you want to develop insight, the first task is to decide on the category you want to study. This may seem obvious to you, but in many cases, it isn’t as clear as you might think.

Category identification by zooming inFor instance, suppose you are looking to launch a new juice flavoured soft drink. You may think that you are competing with other juices or perhaps other soft drinks.

In working with one client in just such a situation, we actually found that their main competitor was an energy drink!

The reason was that these are seen as being for lively, energetic, fun-loving people who needed a boost. Whether this comes from the caffeine of an energy drink, or from the added vitamins and minerals which was my client’s offer, didn’t seem to matter.
If we’d only looked at other fruit flavoured soft drinks we would have missed a whole – and large – section of category consumers.
By starting our comparison in all beverages and then slowly zooming in as we learnt more, we were quickly able to discover this perhaps surprising positioning for the new drink.

This shows the power of taking the consumers’ perspective, especially when segmenting a market. But more about that in a moment.

The above example is a great start. But many readers have since asked me to help them with their own category definition, so here are the suggested steps to doing it for yourself:

 

Step 1. What is the category definition you are currently using? 

In any process we need to start by identifying where we are today. In this case, it should be the category you think you are competing in. Depending on whether you are offering a product or service, you might define it as:

– All hot beverage consumers ….. or ….. users of an insurance service.

– Consumers of coffee ….. or ….. people who have bought insurance for natural disasters.

– All consumers of instant coffee powder ….. or ….. house owners in Florida who have bought insurance for natural disasters.

– Consumers of instant coffee powder costing less than US$ 2.50 per 100 gms ….. or ….. owners of houses over US$2 million in Florida who have bought insurance for natural disasters.

As you can see from these few examples, the bottom definitions are far more precise and focused than the top ones.

In any process we need to start by identifying where we are today. #Process #Business Click To Tweet
The one you use, will depend upon whether you are looking to grow your brand through your marketing activities or looking to develop a new product or service offer. I call this zooming in and zooming out. In general understanding the category by zooming in is best for growth, zooming out for innovation.

Now take a look at your own current category definition. I bet it’s too broad for general use isn’t it? This is the mistake that most businesses make, big and small. They want to attract all consumers or users of a category, but as is often quoted:

“If you try to please everyone, you end up pleasing no-one”

The more precise you are in the group of customers you are trying to attract, the more focused will be your actions and communications. In addition, they will also resonate more strongly with your target audience.

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Step 2. How is this category changing?

Once you have identified the precise category in which you are playing, you need to consider what is currently happening to it. Is it growing or declining? Why?

Understanding how the category is changing and more importantly why, will help you to understand it better. For instance:

- Is the category growing? If so is it the leading brands which are increasing, or are there new brands that were recently launched which are making the difference? Identfying which brands are growing and the reasons for this growth will enable you to take corrective action.

- Is the category stable? Are category shares stable, or are some brands gaining and others losing? Again, why? What do the brands which are gaining have in common? What are the losing brands lacking? Are the changes making a difference to the category definition?

- Is the category declining? Are all major brands in the category losing or are some gaining at the expense of others, but not maintaining overall category size? If so, What are the declining brands lacking? Where are customers who are leaving the category going to? Is there a new category which is better meeting their needs?

Your answers to these questions, will help you to understand whether the category in which you are currently competing is going to remain as attractive as it is today.

 

Step 3. How will this category change in the future?

In addition to current category trends, you also need to assess what is likely to happen in the marketplace in the coming years and how this may impact it.

Things are changing nd changing fast these days. There is no more "business as usual." Expecting the unexpected has become the norm, which is why I am such a big fan of scenario planning.

There is no more business as usual. Click To Tweet

Industries are being disrupted. A study from the John M. Olin School of Business (Washington University) estimates that 40% of today's Fortune 500 companies on the S&P 500 will no longer exist in 10 years time!

40% of today's Fortune 500 companies will no longer exist in 10 years time! #Business #Trends #Future Click To Tweet

Understanding who and what will impact your category, is the first step to preparing for the changes which could come. Preparing for likely future opportunities and risks is the second step, and the reason scenario planning is so vital to ongoing busines success.

 

Step 4. Which of the category users are you attracting?

This question surprises some people. They expect that once they have identified the category in which they are competing that they can just start trying to attract everyone in it. However "You can't please all the people all of the time" as the infamous quote from John Lydgate mentions.

You can please some of the people all of the time, you can please all of the people some of the time, but you can’t please all of the people all of the time. John Lydgate Click To Tweet

You therefore need to identify which of the category users would be most interested in what you have to offer. The best way is by running a segmentation study and then plotting the groups on the Boston Matrix I mentioned in last week's post. Or you can read "How to Sell Less to More People: The Essentials of Segmentation." for a more detailed explanation on how to divide all category users into relevant sub-groups.

Understanding which sub-group of all the category users you are most likely to appeal to with your offer, is one further step in focusing on the very best target audience for your brand.

Step 5. How are your customers changing?

After identifying which category users are the most attracted to your offer, you also need to consider how this sub-group is changing. Is it increasing or decreasing in size, and how and why is it changing.
 
As with category changes mentioned above, it is important that you target a viable group. This can either be a growing segment or you should have plans to attract those who switch out with a separate offer
There are many reasons why a segment may decline:
  • The introduction of a new category segment that is taking customers away from yours.
  • Natural decline because of aging.
  • Behavioural changes that make the category less relevant than in the past.
Having identified how your customers are changing today, you then need to consider societal trends and their impact on your customers. That is the ultimate test to choosing the right group of category users to target.
 

Conclusion

Going through these five steps will give you the very best understanding of the categroy in which you are competing, as well as the customers who make up the sub-segment you target.

Have you successfully mastered every suggested step? What have you forgotten?

Is there something I myself have forgotten or that you would add? If so, then please share your ideas in the comments below. Thanks

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Customer Centricity is Today’s Business Disruptor (Insights are its Foundation)

I’ve just returned from a speaking invitation in Las Vegas. It was an incredible Symposium run by Sitecore and I was blown away by the importance placed on customer centricity during the whole event!

From the opening keynote by Sitecore’s new CEO Mark Frost, to the second-day keynote by Kirsten Newbold-Knipp from Gartner, everyone in this tech and data heavy conference understood that data is only as good as the use you put to it. Do you?

We are all excited by the wealth of information available to us about our customers, from the IoT as well as people’s behaviour on the internet. In fact, data gathering is no longer an issue; it is its management, analysis and above all understanding to turn it into actionable insights that is today’s challenge.

I believe that the reason most organisations today are drowning in data and thirsting for insights as I am often quoted as saying, is because they are more excited by data than people.

“Organisations are drowning in data and thirsting for insights”

And yet data usually comes from people and their acts, is analysed by people, so that businesses can have more impact on their customers’ attitude and behaviours. It is therefore vital to turn that wealth of information into actionable insights. That’s why I want to share my 7-step process for doing just that with you.

I call it CatSight™

and the acronym always causes a few giggles as I’m sure you can imagine. After all, business is a serious topic, which is why I try to find ways for us all to find reasons to laugh in all this seriousness.

I choose the name CatSight™ because I thought it is not only memorable but also has a serious relevance to what insight developers do.

Cats have an acute vision, particularly in the dark. They are good at listening because their ears turn 180 degrees. They are highly sensitive – just ask an owner how their cat reacts when they are sad or ill.

Seeing in the dark, listening skills, sensitivity and empathy for the customer are essential skills for all insight developers.

Seeing in the dark, listening skills, sensitivity and empathy for the customer are essential skills Click To Tweet

So here are my 7-steps to insight development – and note that information gathering is only step #6!

If you react to business questions by immediately running a market research project, then please read on. It could save you a lot of money and time!

Using my method, you only start spending money on running a survey in step six – and then, only if you have identified a gap in your knowledge of the situation. Many organisations don’t know what they already know and what is already available within the company that they are unaware of.

This 7-step process will save you money because you will run less research AND make better use of all the information already available within the organisation. That’s an immediate improvement in the ROI of your information gathering.

7-steps to insight development, but information gathering is only step #6! #customer #insight Click To Tweet

C = Category

Whenever you want to develop insight, the first task is to decide on the category you want to study. At first sight, this may seem obvious, but in many cases, it isn’t as clear as you might at first think.

Category identification for developing actionable insightsFor instance, suppose you are looking to launch a new juice flavoured soft drink. You may think that you are competing with other juices or perhaps other soft drinks.

In working with one client in just such a situation, we actually found that their main competitor was an energy drink! The reason was that they were both seen as being for lively, fun people who needed a kick – whether from caffeine or healthy fresh ingredients with added vitamins and minerals.

If we’d only looked at other fruit flavoured soft drinks we would have missed a whole – and large – section of category consumers.

This shows the power of taking the consumers’ perspective, especially when segmenting a market. But more about that in a moment.

 

A = Aim

Once you know which category you should be trying to understand better, you must consider what the aim or objective of your initiative is towards the customer. Are you looking to change their attitude or behaviour? Yes, of course, these are linked, but there will be one you are trying to influence more than the other.

Then you need to translate your objective into the words of the customer, or at least a description of your objective in how it impacts the.

For instance:

How can we grow the market share of Brand “A”?

This could be written as: How can we attract consumers from competitor Brand “X” who are looking for a low sugar CSD?

You will notice that the second is far more focused and will deliver more relevant results than the first.

A customer-centric objective is more focused & will deliver more relevant insights than biz objective Click To Tweet

 

How can I expand my business?

This could be written as: Which of my customers would be most interested in my new service offer and why?

This example came from work with one of my clients in the service industry. He wanted to offer something new and was trying to identify which of his clients would be most interested in it.

When we worked together, we first ran a detailed segmentation of all potential customers for this new service. By understanding each segment in detail, we actually found that he had two and not one group to whom he should be selling his basic service to. One of these groups could also be exactly interested in this new offer. Talk about leaving money on the table – he almost doubled his business overnight!

T = Target

There are many different pieces of information that make up a complete knowledge of your customers. This takes time to complete, but there are hree main areaas which I suggest to at least get basic information on:

BCG Matrix for developing actionable insights1. First thing you need to segment all category users and then choose the most attractive one.

For this one of the simplest tools to work with is the BCG matrix. I say that because it works just as well with observed facts as it does with complex measured and weighted data.

 

 

4W Customer persona template for developing actionable insights2. Next you need to develop a customer image or persona.

We use the 4W™ Template as you know, because it reminds users to find out the who, what where and why. That way no area if forgotten.

 

3. The third tool we use to better understand our customers deeply, is their journey map.

Customer journey map for developing actionable insights.This can be as simple or as complex as you like too. However I would suggest adding the emotional state of the customer at each stage, as this provides valuable information concerning pain points. These steps are obviously the ones you want to solve for your customer as a priority.

These three tools will provide you with a great foundation on which you can build both your understanding and insight development. Do you have others which you regularly use? If so, then please suggest them in the comments below. 


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S = Supporters 

No-one is an island and this goes whether you are an executive, solopreneur or corporate slave. If you work in a business, then I advise you to get out from behind your desk and talk to people in other departments. We can sometimes get so tied up in our work that we never take time to understand the wider corporation in which we work. We live on our floor, take coffee and lunch with fellow employees and never learn much news that we didn’t know already.

by making a habit to speak with your colleagues from other departments and floors, will open you to a deeper understanding of your organisation. It will give you an advantage over your colleagues in knowing what’s going on in other groups and will enable you to gather information you would be unlikely to get otherwise.

If you are a solopreneur, meetings others on a regular basis becomes even more vital. It provides you with some fresh thinking and perspectives, a friendly ear to discuss business with and a change of air for an hour or two. I try to meet up with someone for coffee or lunch at least three or four times a week when i`’m not traveling.

Getting supporters is vital to the success of both projects and business in general, so make a habit of widening your professional circle anyway you can/

 

I = Intimacy

Even if you have a detailed persona of your target customers – you do don’t you? – nothing beats getting intimate with them. Not only does this bring your data and information to life, but you may also learn new things about your customers.

You can do this by simply listening into your care centre calls or by serving in your retail outlets if you have them.

But you can also accompany a researcher while interviewing or organise customer connection sessions. If you are interested in organising these events designed specifically for getting closer to your customers then I suggest you read “Why customers are the answer to all your problems”

 

G = Gap Filling

As I’ve already mentioned, when a business wants to know their customers better they immediately think of running a market research project. Don’t do this!

Save yourself time and money by first reviewing everything your organisation already knows. Identify any gaps and only then run a survey. You will be amazed how this simple habit can save you tens of thousands every year.

 

HT = Human Truth

A human truth is a

“Fact of human attitudes & behaviour, based on fundamental human values & beliefs.”

It is vital to insight development since it is needs based and emotional resonant. It is a powerful and compelling statement that is rooted in basic human values, which is why it is valid for all your customers, wherever in the world they live.

Some simple examples are:

  • Parents want to protect their children so they grow up happy and healthy.
  • Men and women want to find love.
  • People want to feel good about their choices. (be better than their peers?)

These human truths are the basis of many of the well-known brands such as Omo / Persil, Nido, Axe / Lynx, Dulux, Heineken. When you are next watching an ad break on television, it is fun to try and identify the human truths on which they are based. The more clearly identifiable they are the better the ad will resonate with its customers.

I also suggest using this as a fun exercise in a brainstorming or other meeting of marketers in particular.

An Offer You Can’t Refuse!

So there you have it, the 7-step process I call CatSight™ which practically guarantees an insight every time you use it. 

Why not try it yourself next time you are trying to work through a marketing challenge?

If you like this process and would like to learn even more details about it, then we offer two solutions:

  1. An online course of videos and workbooks to take you through every step in detail.
  2. An in-person training in your own office. This is particularly cost-effective when you are upgrading the skills of your entire team.

For either one, we are offering a 20% discount during November, to help you assign any remaining budget before you lose it at year-end! (I’ve been there too so I understand your situation very well) Just contact us and book your session; you can even plan it early in the New Year if you prefer. As long as you pay this year, we will accord the 20% discount. How’s that for an early Christmas present?

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