Amazon Prime Day Gave Bricks and Mortar Stores the Blues

Posted by MFour on Jul 19, 2018 9:28:17 AM

PTP_Claymockup-1 Amazon's fourth annual "Prime Day" was a day to forget for major bricks-and-mortar retailers, including Walmart.

How do we know? All it took was a quick glance at the store-visit data on MFour's Path-2-Purchase™ Platform. There, platform users instantly see customer journeys to all locations of more than 1,000 retailers nationwide.

The data showed that visits to Walmarts sank to 90-day lows on July 16-17 – coinciding with the 36-hour Prime Day promotion in which Amazon Prime members enjoy the biggest discounts of the year. Walmart's foot traffic for Monday, July 16, was 12% lower than its Monday average over the previous three months, excluding the busy Monday of the long Memorial Day weekend.

Whether it's Prime Day or any other day, Path-2-Purchase™ is an unprecedented tool for consumer insights professionals to understand the journeys and motivations of validated, first-party consumers. Its core functions enable researchers to target, track and survey the most relevant consumers, and to append their historical visitation data to provide deep context to any study. Validation is another core value, based on observed location journeys, unique mobile device identifiers, and precise consumer profiles.

Target: to check Prime Day's impact on bricks-and-mortar stores, we did simple targeting based on nationwide visits to a single retailer, Walmart. But Path-2-Purchase™ lets you visualize where consumers go and who they are in granular detail, segmenting by more than 250 demographic and psychographic points and by 12.5 million U.S. locations, including all outposts of the top 1,000 retailers.

Track: consumer-journey tracking options are exhaustive. For example, you can identify and track Walmart's habitual Monday visitors. Track them on the days of their Walmart visits, including where they go just before and after shopping at Walmart. Then see where they go during the same hours on all other days of the week.

Survey: identify loyal Walmart shoppers and ask them whether they used Prime Day to buy products they customarily would shop for at Walmart. Or identify consumers who have the Amazon app for specific insights into their Prime Day spending and experiences. 

Append: after taking a snapshot of your relevant consumers' latest actions and attitudes, contextualize by accessing data from a Consumer Knowledge Center that shows where the same research participants have gone in the past. 

Validate: No need to ask respondents whether they've shopped at a Walmart in the past 90 days, where, and how often. You already know all of that.

Like Amazon, Path-2-Purchase™ is a platform full of endless possibilities. It's comprehensive, convenient, and efficient. To access the platform for a self-guided demo, just click here. And to set up a live, one-on-one discussion about how Path-2-Purchase™ and MFour's other solutions can fill your projects' specific needs, just click here.

 

 

 

 

Topics: market research, Path-2-Purchase™ Platform, consumer insights, retail

The News About Mobile: the News Is Mobile

Posted by MFour on Jul 18, 2018 7:00:00 AM

Mobile News Blog 17July18

Here’s a definition for consumer insights professionals: “engagement” and “mobile engagement” are increasingly synonymous for most Americans, according to the latest findings announced by Pew Research Center.

The headlines on Pew’s report and its accompanying charts pretty much tell the story: 

  • “Use of mobile devices for news continues to grow, outpacing desktops and laptops”
  • “About six in ten now often get news on a mobile device”
  • “Younger adults more likely to get news on a mobile device.”

What it means for market research can be boiled down to five words: “Get mobile right, or else.” Especially if you want your research to be representative for minorities, Millennials, and the rising Gen Z.

Here are a few of the key findings:

  • 58% of U.S. adults say they often access news on mobile, compared to 39% on desktops and laptops.
  • “The share of Americans who often get news on a mobile device is nearly triple the 21% who did so in 2013.”
  • “At the same time, the portion of Americans who often get news on a desktop has remained relatively stable, with 39% of adults often getting news on a desktop or laptop computer, up just 4 percentage points from 2013.”
  • Americans ages 18 to 49 are especially attuned to news on mobile, with 71% in the 18-29 age bracket reporting that they often get news on mobile, compared to 32% who often access it via personal computers.
  • For ages 30 to 49, the technology for frequent news access is 67% mobile and 38% personal computer.
  • Nonwhites are twice as likely to access news on mobile as they are on personal computers, by a margin of 61% mobile to 31% PC.

To repeat, get mobile right, or else, Start by understanding the difference between in-app mobile research, and “mobile optimized” or “mobile web” research.

  • In-app is state-of-the-art, created solely to harness the full capabilities of smartphones. Mobile web research is a rearguard action by online survey providers who were slow to respond to smartphones' dominance and are trying to play catch-up.
  • In-app surveys are instantly embedded in respondents’ phones and can be taken in an interruption-free, offline space, driving full engagement and fast data. 
  • Mobile-web requires a constant connection to the internet, which can easily be interrupted, leaving respondents frustrated and driving up research costs in both time and money as participants drop out, possibly never to return.
  • An excellent mobile experience is the key to building the validated, first-party consumer panel that's now a must for reliable, representative data.
  • And, as Pew's findings show, an excellent mobile experience meets consumers where they naturally gather.
Can we agree that anyone who needs to engage the public for almost any reason needs to do it on mobile? The ayes have it. So let’s move on to a topic that does require some meticulous, innovative thinking: how to tap into advanced, in-app mobile research capabilities to solve your projects’ specific needs. To have that conversation in a quick, one-on-one demo, just get in touch by clicking here.

Topics: consumer insights, mobile web, mobile optimized, mobile app research

Will the Trade War Kill Retail's Growth?

Posted by MFour on Jul 12, 2018 7:00:00 AM

 NRF Logo

Like everybody else, consumer insights professionals are waiting to see what’s in store for the U.S. retail market as new tariffs on imported goods kick in. But no matter what’s happening in global, national or regional economies, whether positive or negative, brands and researchers need to be plugged in to the best data streams they can access. In tense times for the economy, good, data-driven decision-making becomes all the more important.

In the case of the current tension over tariffs, the conditions businesses must respond to are changing literally by the day. Earlier this week, the National Retail Federation (NRF) had provided some baseline statistics reflecting conditions and key indicators as they had stood before the first round of tariff increases. Based on those, the NRF had predicted that we wouldn’t see significant declines in imports or retail revenues despite the tariffs, because of inelasticity in supply chains and consumer demand. 

“Retailers cannot easily or quickly change their global supply chains, so imports from China and elsewhere are expected to continue to grow for the foreseeable future,” Jonathan Gold, NRF Vice President for Supply Chain and Customs Policy, said in the release dated July 9. At retail checkouts and store aisles, he added, the tariffs “will mean higher prices for Americans rather than significant changes to international trade.”

But the NRF adopted a far more alarmed tone just a day later, when President Trump announced a much greater escalation in tariffs on products from China. 

"The threat to the U.S. economy is not a question of ‘if’ and more about ‘when’ and ‘how bad,’' the NRF said in response, in a press release headlined "Retailers Say New Tariffs Against China Will Boomerang Back to Harm U.S. Families and Workers."

The bottom line, the NRF now predicts, is that "tariffs on such a broad scope of products make it inconceivable that American consumers will dodge this tax increase as prices of everyday products will be forced to rise. And the retaliation that will follow will destroy thousands of U.S. jobs and hurt farmers, local businesses and entire communities."

Before the latest announcement of the administration's intent to ratchet up tariffs on $200 billion in Chinese goods, the NRF had forecast an increase of about 4% in retail revenues this year (excluding automobiles, gas stations and restaurants) -- down from the 7.8% increase recorded in 2017, but still a year of growth. Now it's hard to predict what might ensue over the coming six months.

In times both calm and nervous -- perhaps especially when times are nervous -- brands need to stay closely in touch with consumers to keep making the best decisions under whatever circumstances prevail. Whether they are exploiting opportunities when conditions favor growth, or defending market share when the going gets difficult, retailers and product marketers need data they can rely on to help drive the right decisions.

One thing that won't be changing is the the accuracy and validation marketers and consumer insights professionals will access from a state-of-the-art mobile app research app that's used by a representative, first-party  panel of mobile consumers. Connecting with respondents with a mobile app opens doors to unique, location-based research possibilities, including collecting passive data showing consumers' journeys along the entire path to purchase. Smartphones' multimedia functions power further capabilities, such as asking for "video selfie" responses in which interviewees provide vivid, in-their-own-words feedback.

Bad data can itself be viewed as a kind of tariff on business success, but it's a tax that no business needs to pay. To learn how app-powered surveys, observational location tracking and other advanced mobile capabilities can meet your specific projects’ needs, you're invited to set up a demo session with a mobile-app research expert from MFour. Just click here.

Topics: mobile research, market research, consumer insights, national retail federation, retail, mobile app research, tariffs

How To Visualize the Past, Present & Future of Consumer Journeys

Posted by MFour on Jul 11, 2018 7:00:00 AM

Time Machine Blog 6July18 

There’s an intriguing suggestion for consumer insights professionals in the July issue of Quirk’s Marketing Research Review: “Consider measuring the future to inform the present."

Research data that can accomplish this feat, we're told, can help brands “proactively change [consumers'] present behavior” in ways beneficial to future bottom lines.

Is this a suggestion that market research take cues from time-travel film scripts such as “Twelve Monkeys” and “The Time Machine?” Nope. It’s a piece of intriguing, out-of-the-box thinking from the Quirk’s article,“Going Beyond Self-Report,” by Jason Martuscello of BEESY, a marketing intelligence company grounded in behavioral science.

After getting our attention with his future-leaning vision of market research, the author makes it clear he’s talking about brands finding a way to influence today's consumers by asking about their expectations for tomorrow and beyond: “how they expect to feel” and where they “want to go.” Martuscello contrasts this eyes-forward approach with how “most research uses the past and present to passively predict future behavior.”

The article evenhandedly summarizes biases and limitations of self-report survey research, as well as biases and limitations of biometrics and other “new implicit [data] methodologies” that aim to supersede traditional surveys by probing for presumably more reliable non-conscious indicators of consumer sentiment.

But Martuscello also defends the value of self-reported consumer feedback – with the caveat that the surveys eliciting those responses must be well-designed.

“With concepts like cognitive biases and human irrationality taking center stage recently, it’s worth noting that people are real and can provide accurate answers to well-designed and structured surveys," he writes. "Tremendous business value can be exacted….People who claim self-reports are unreliable sources of information typically are misusing them,” or have partisan reasons for dismissing surveys as simply passé. 

The most trustworthy self-reported data about consumer sentiment and intentions, Martuscello adds, is that which demonstrates what he calls “stability,” “persistence” and “durability.”

“When intentions are stable (e.g., same over time) they are resistant to change and are better predictors of behavior.”

MFour's own method for overcoming recall bias and predicting consumer behavior emphasizes observing the actual buying journeys of real respondents from a first-party consumer panel, and using those observed journeys as a springboard to better-targeted and better-designed surveys that allow consumer insights professionals to  understand the “why” behind the "who, what and where." 

These consumer journeys, as visualized on the new Path 2 Purchase™ Platform, can be thought of as bringing together the past, present and future of real, validated consumers. Researchers get to follow  doubly opted-in members of the largest first-party, all-mobile panel of U.S. consumers as they move through time and space. The result is a way to influence future behaviors with data that helps decision-makers draw reliable conclusions about how and why current actions and attitudes came to be. 

The Path 2 Purchase™ process begins with targeting carefully profiled consumers who have been tracked and geolocated at a relevant retail location in real time. They then can be surveyed in-store or shortly after their visit. But instead of capturing an isolated event that is already receding into the past, Path 2 Purchase™ makes it possible to turn the survey encounter into a point on a continuum.

  • Researchers can look backward at the journeys that preceded the survey, illuminating the answers given at that specific moment.
  • Then they can carry on their studies into the future by watching the same consumers' ongoing journeys. If they stated an intention or a preference in the survey, did they follow through on it?
  • For example, you can interview a consumer at an auto dealership at an early stage in his or her car-shopping journey, and then see how many other dealerships, and of what makes, the same shopper subsequently visited.

This is why we say that Path 2 Purchase™ encompasses the future, as well as the present and the past. The result is a holistic view of validated consumer behavior along an ongoing continuum, rather than just a glimpse of a snapshot from a single point in time. 

And, thanks to the unique multimedia capabilities of smartphones and the advanced mobile-app surveys that take full advantage of their data-producing potential, you can literally see consumers as they are making their journeys. For example, by asking them to submit open-ended  “video selfie” responses that bring emotions and motivations fully to life. A further advantage of video responses: ironclad protection against data fraud, as you watch and listen as real people who are truly engaged with your questions give you their honest feedback.

To repeat a key passage from Jason Martuscello in his Quirk’s essay:

"It’s worth noting that people are real and can provide accurate answers to well-designed and structured surveys. Tremendous business value can be exacted….People who claim self-reports are unreliable sources of information typically are misusing them….”

For a productive demo and discussion of how you can get reliable location and survey data that helps you rise to the challenge of looking ahead and not just behind, just click here.

Topics: mobile market research, market research, path-2-purchase, consumer insights, surveys

Christmas in July? For Consumer Insights Pros, it's Part of the Job

Posted by MFour on Jul 5, 2018 7:00:00 AM

Christmas in July blog 28Jun18

If you’re a consumer insights professional for a brand or retailer, you’re probably getting ready to celebrate Christmas in July, although “celebrating” might not be quite the right word for it.

With so much revenue at stake during the holiday season, it’s smart to get an early jump on obtaining data that can give you an early read on consumers’ holiday spending inclinations and expectations. A baseline sense of their attitudes toward gift-shopping, travel and holiday parties could be the foundation for smart, data-informed thinking that will pay off during the year-end shopping crunch.

Those payoffs are potentially gigantic, so a few ounces of data-driven early preparation could reap a ton of success come the holidays. The National Retail Federation (NRF) reported that U.S. consumers spent $692 billion last November-December, not counting restaurants, gas stations and auto dealers. With that much money on the table, it’s worth your while to take a systematic, data-informed look ahead.

A wide range of retail categories historically have earned 20% or more of their annual revenues during November and December, according to the NRF. They includes jewelry stores, department stores, discount department stores, electronics and appliance retailers, clothing and shoe stores, sporting goods stores, hobby shops, book stores and music stores.

Here are examples of early-insights holiday research projects that might be worth exploring:

  • What are your loyal customers’ deep-down feelings about what makes for a great Christmas- shopping experience?

  • Start by gathering observational location-tracking data to identify your year-round loyalists (or your competitors’ loyalists).
  • Survey them now about what has made past Christmas shopping experiences special, or disappointing? What they say in July could be at least as revealing as what they say during the post-Thanksgiving heat of the hunt.
  • What makes special holiday features such as decorations and live Christmas music memorable and appealing rather than merely cliched? What turnoffs get in the way of a satisfying holiday shopping experience?
  • Art supply stores and hobby stores can track, identify and survey their loyalists and non-buyers who shop nearby. Get a preliminary sense of the market for DIYcreativity in gift-giving and greeting cards. 
  • When should casual dining restaurants launch special holiday menus? What offers would induce their regular customers to ramp up their patronage by organizing larger dine-out dinner parties with friends and coworkers? When do consumers most want to socialize outside their immediate families?

If you think it’s worth breaking a sweat in July to land data and insights that will pay off when "Jingle Bells" is in the air, we should talk soon. Set up a productive and informative demo by clicking here.

Meanwhile, here’s wishing a happy and safe Fourth of July to all.

Topics: market research, consumer insights, Christmas shopping, holiday retail

MFour Joins DPAA, the Leadership Hub of the Digital OOH Industry

Posted by MFour on Jul 3, 2018 7:00:00 AM

Blog DPAA logo 

MFour is delighted to be the newest member of DPAA (Digital Place Based Advertising Association), a global organization that provides leadership for the Digital Out of Home industry, serving as a nexus for information, marketing, and connections and collaborations. 

"MFour…is at the heart of why advertising on digital out-of-home media is growing so rapidly,” said Barry Frey, DPAA President and CEO.

“What we can do is extremely helpful to digital out-of-home advertisers and others in the OOH space,” added Chris St. Hilaire, MFour’s CEO and co-founder. “We are honored to be joining DPAA, and look forward to sharing what we’ve learned with our fellow members.”

To read the DPAA’s full announcement, click here.MFour enables OOH advertisers to observe opted-in consumers’ location journeys in real time, then survey them soon after an ad exposure or after any other relevant experience. To set up a live demo, just get in touch by clicking here.

Topics: market research, consumer insights, advertising research, OOH, ad measurement, digital advertising, out of home advertising

Stop Looking for Consumer Insights in All the Wrong Places

Posted by MFour on Jun 27, 2018 6:00:00 AM

Smartphone users blog 26Jun18You’re always on a quest for the best consumer insights, so doesn't it make sense to engage consumers in the way they’d most like to be engaged?

A new report from the Consumer Technology Association (CTA), tells you exactly where to look. Here’s the key takeaway from the CTA’s announcement of findings from a survey of 2,016 U.S. adults:

“Smartphones continue their meteoric popularity and are now owned in 87% of U.S. homes, second only to televisions at 96 percent ownership.” Laptop computers are in 72% of households.

Adds Steve Koenig, the organizations’s vice president of market research, “The rapid ascent of smartphone ownership in U.S. households exemplifies the versatility of these devices – for communication, for entertainment, for productivity and more. And because of that, it’s possible we’ll see smartphone ownership in the U.S. match that of TVs within the next five years.”Separate studies by Pew Research Center have found that 77% of individual U.S. adults use smartphones, with the numbers soaring past 90% for Millennials and Gen Z. Meanwhile, says Pew, 20% of U.S. adults are strictly smartphone-reliant for online access, choosing to dispense with broadband subscriptions.

If you’re seeking insights from mobile consumers (who are now synonymous with consumers, period), you’ll profit from learning about mobile research best-practices. The crucial distinction to remember as  you explore how best to reach mobile consumers is between mobile research conducted with a proprietary app that’s been downloaded by a large and representative panel of validated, first-party consumers, and the mobile web approach (aka “mobile optimized” or “mobile first”). Mobile-app fully embraces the Smartphone Era and its vast possibilities for consumer insights. Mobile web, as its name implies, takes half-measures by attempting to adapt traditional online surveys to small screens; there's no attempt to master the special app technology required for seamless, sophisticated experiences for the researcher and mobile consumer alike.

If you’d like to learn more about in-app mobile and special capabilities such as location studies and harnessing phones’ multimedia capabilities for qualitative, in-their-own-words “video selfie” feedback, let’s set up a live demo. Just click here.

Topics: mobile research, smartphones, consumer insights, in-app Mobile surveys

Don’t Miss This Chance To Stretch Your DIY Research Budget 30%

Posted by MFour on Jun 13, 2018 12:16:43 PM

DIY Discount Blog Pic 13Jun18

Is a limited budget constraining your ability to obtain the high-quality data and consumer insights you need? Are you muttering under your breath that the limits you’re under are penny-wise but pound-foolish?

Recognizing that you’re hardly alone, we’re helping you get the most bang, and the fastest turnarounds, for your research bucks by pointing you to MFourDIY®.

Now through June 29th, the DIY Summer Promotion will put 20% to 30% more money in your pay-as-you-go account. $10k grows to $12k, 20k becomes $25k, and $50k rises to $65k.

  • Design your survey intuitively on an easy-to-use interface.
  • See results in real-time on your project tracker.
  • Expect response rates of 25% within an hour and 50% within 24 hours.
  • Get sophisticated design features and targeting variables at a cost-effective price.

The key to insights with MFourDIY® is the quality and representativeness of the consumers you’ll reach: 2 million validated U.S. users who have downloaded Surveys On The Go®, the most advanced, highest-rated and time-tested survey app.  

Score with attention-grabbing data and quality consumer insights that impress your decision-makers, and who knows? Maybe you’ll get a budget boost to boot. But regardless how money is being allocated in your organization, MFourDIY® will get  you the speed, efficiency and effectiveness your stakeholders expect.

To sign up, just click here.

Topics: DIY, mfourdiy, consumer insights, research automation

Why Consumer Insights Pros Should Follow Marketing Pros' Lead

Posted by MFour on Jun 6, 2018 11:37:21 AM

Laptop Destroyer blog 30May18

Should consumer insights professionals take an investment tip from the marketing departments of the brands they serve?

For brands, the smart money increasingly is on reaching consumers on their smartphones, according to a recently-issued report from the Interactive Advertising Bureau (IAB) on how brands are dividing their digital ad-spend budgets. Here are key comparative figures for mobile vs. desktop ad revenues for 2017:  

  • Overall spending: Mobile, $50 billion; Desktop, $38 billion.
  • Percentage revenue gain, 2017 over 2016: Mobile, 36%; Desktop, 6%.
  • Share of digital ad spend: Mobile, 57%; Desktop, 43%.
  • The report also notes that in 2017, video ad spending on mobile rose by a whopping 54%, vaulting mobile ahead of desktop’s share of video ad dollars for the first time.

“Smartphones and tablets have become indispensable tools in the hands of consumers, from the moment they wake up to right before they go to sleep,” Anna Bager, the IAB’s Executive Vice President, Industry Initiatives, said in an announcement of the report. “A double-digit uptick in spend on mobile video is testament to both the pull of mobile and consumers’ never-ending demand for sight, sound, and motion—even while on-the-go.”

In the face of facts and business trends such as these, it seems increasingly incongruous that MFour’s solutions executives report pushback against mobile from a surprising number of consumer insights pros who want to stick with familiar, desktop-centric, online methodology. Among other things, last-gen approaches lose the chance to achieve compelling, location-based consumer understanding by accessing proprietary, smartphone-specific technologies such as GeoIntensity® and GeoNotification®

For a research industry that’s all about the numbers and how they’re trending, It just doesn’t add up. The boom in mobile advertising shows where the trend is going and where the smart marketing money already is. Unless we’re missing something, mobile is where the smart market researcher needs to be as well. In both consumer insights and consumer marketing, everything depends on being able to reach consumers, and the latest ad spending figures testify to how that’s best accomplished in the Smartphone Era.

For an informative and productive conversation about how you can invest in state-of-the-art, in-app mobile research to meet the engaged, validated, and representative consumers your own projects demand, just get in touch by clicking here.

Topics: mobile market research, consumer insights, advertising research, data quality, adv

Free Trial: Combine First-Party Observed Behavior With Surveys at 12.5 Million U.S. Locations

Posted by MFour on Jun 5, 2018 4:15:15 PM

P2P Dashboard

Marketing and consumer insights professionals who've visited the the MFour blog have seen lots of posts about the new Path-2-Purchase™ Platform. Now you can experience it for yourself. We've debuted a free, interactive Path-2-Purchase™ dashboard, and as you play with it, you'll see it's a dramatic step forward for the art of targeting and tracking consumers across their buying journeys. 

Read the full details here. Or to jump right into your free trial, just click here.

The Path-2-Purchase™ dashboard is a highlight of a new MFour.com website that’s been fully revamped and redesigned for easy access to clear, detailed, transparent content that lays out the state-of-the-art in mobile market research, including MFour's noted location-based survey capabilities powered by proprietary GeoIntensity® and GeoNotification® technologies. Please spend a few minutes strolling around the site, which we believe you'll find to be the largest, most useful and substance-filled repository of information about mobile market research and its best-practices you've ever encountered.

 

 

Topics: mobile targeting, mobile market research, market research, Path-2-Purchase™ Platform, consumer insights

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