How To Watch Every Move Your Competitors' Customers Make

Posted by MFour on Oct 9, 2018 12:09:51 PM

Blog Competitive Intel 3Oct18 

The theme music for today’s consumer insights discussion is “Every Breath You Take” by the Police, which was the biggest hit of the year in both the U.S. and the U.K. back in 1983.

“Every move you make, every step you take, I’ll be watching you,” sang the trio’s front man, Sting. He was talking about following a love interest everywhere, to the point of obsession.

We’re talking about following your competitors’ customers everywhere, day by day, week after week and month after month, to gain the competitive intelligence that can help you turn them into your own customers.

How? Not by shadowing them step by step on foot or in a vehicle, but by tracking them remotely and round the clock with complete precision, by leveraging advanced mobile GPS location technology – and much more. Beyond the right technology, you need to track and know the right people – in this case, members of a validated, first-party, all-mobile consumer panel who have given informed consent and opted in twice to allow researchers to track their physical buying journeys in exchange for opportunities to participate in mobile location surveys and earn cash rewards.

  • Every move they make across 12.5 million U.S. retail locations is tracked and archived on MFour’s Path-2-Purchase® Platform.  
  • That includes almost every store of the nation’s top 1,000 retailer chains, amounting to about 750,000 store visits each day.
  • Each visit is archived in a Consumer Data Center you can tap into to gain context for observed journeys.
  • And every consumer who’s tracked can be surveyed at any time, to gain a clear understanding of what’s motivating his or her observed buying journeys – especially visits to the businesses you’re competing against.

Say, for example, that you’re conducting competitive intelligence research for a convenience store chain, and want to focus on Hispanic American Millennials who have incomes of $50,000 to $75,000.

First, you’ll plug in the name of the competing c-store chain(s) whose customers you’re trying to convert.

Then enter the characteristics of the people you want to track — in this case, the above-mentioned ethnicity, age, and income stratum.

The platform automatically shows daily visitation by the targeted group to each competing location, with a graphic visualization comparing it to your own visits on the same day or range of dates. You can see the nationwide competitive picture, or narrow it down to a single DMA. Among the consumer attributes and segments you can study are:

  • Brand loyalists: who regularly visits the competing c-store chain, but never comes to one of your own?
  • Brand agnostics: who’s going to multiple c-stores, marking them as consumers you can try to win over, if you can understand reasons for their c-store polygamy.
  • Frequent shoppers: who goes to c-stores every day, or nearly every day?
  • Daypart shoppers: who’s going in the morning, who at lunch time, and who on the way home from work?
  • Complete daily journeys: where were c-store shoppers coming from before making that stop? And where did they go next?

Observed location behaviors will tell you a great deal about your competitive landscape, but for the deepest insights you also need to understand the “why.” And for that, there’s no substitute for talking to the same consumers whose buying journeys you’ve been observing.  You can send them a notification of a mobile survey opportunity at any time. The ideal solution is to move from location-observation to location surveys. Respondents are detected when they enter your competitors’ stores, and receive a survey notification as soon as they exit. Response rates are typically 25% within an hour and 50% within 24 hours. The incidence rate can be as high as 100%, because you’ll always have certainty that you’re sending surveys to people who’ve are exactly where you need them to be.

  • Do your competitors’ loyalists have different motivations than your own loyalists (who you also can identify, observe and survey by using Path-2-Purchase®)?
  • Is there some pattern of attitudes, preferences and behaviors that differentiates your competitors’ customers from your own?
  • Or are they similar enough to be reachable and changeable, given the right messages or incentives?
  • What are the characteristics and motivations of brand-agnostic consumers who ping-pong between different stores? And how might they be susceptible to special offers or specially-targeted advertising? 

To sum up, there’s now a tool called Path-2-Purchase® that for the first time lets researchers combine observed location-tracking data with survey data. The data is ultra-reliable because surveys are answered by the same actual consumers whose location journeys you’ve already tracked and observed. The process gives you quality data from real, validated consumers who all take part in your research via Surveys On the Go®, the groundbreaking app that has harnessed the immense capabilities of smartphones for receiving and sending information.

This look at mobile-app location and survey research just skims the surface. For example, we haven’t mentioned how smartphones’ ability to display and transmit photos and videos can bring real-time survey data truly alive and make your reports all the more vivid and impactful. 

In competitive intelligence research, every move you make and every step you take should bring you and your decision-makers closer to the goal of prying away customers and market share from your competitors. To learn more about how Path-2-Purchase® and other mobile capabilities can bring more accuracy and intense meaning to your specific projects, just fill out the brief form below. 

 

Topics: mobile market research, path to purchase, Path-2-Purchase™ Platform, competitive intelligence

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

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

8 Questions To Ask a Mobile Research Provider

Posted by MFour on May 8, 2018 9:30:00 AM

Blog Pic Mobile Questions 8May18

Are you ready to join the wave of consumer insights professionals who are diving deep into mobile research? If the answer is yes, then congratulations on making that transformative decision.

But taking the dive is just the first step. No methodology will work if the execution is poor. With that in mind, here are eight key questions any savvy mobile-insights buyer should ask. And be sure not to settle for anything less than answers that are authoritative, assured and completely specific to the kinds of projects you need to accomplish. 

  • Is the mobile research you're selling the same as your online research, only more portable?
  • What specific research capabilities does mobile bring to the table?  
  • Where's the sample coming from?
  • What level of representation and responsiveness can I expect? 
  • Is it true that mobile surveys need to be kept extremely short? 
  • I've heard the way to go is "mobile optimized." What exactly does that mean? And is that really true?
  • There's lots of talk in the insights industry about how important it is to give survey-takers a quality experience. How does your mobile system accomplish that?
  • Can you give me some validation about response rates and respondents' satisfaction with your mobile surveys?

You can get the fast, authoritative answers you need to these questions and more by setting up a one-on-one demo that will focus on meeting your projects' specific needs, and how they align with mobile research capabilities powered by proprietary technologies such as GeoIntensity® and GeoNotification®, which enable state-of-the art location-based surveys.

We'll talk about tailoring solutions to your needs, whether it's a custom-research project where MFour provides everything from design and programming through analysis, or taking advantage of the fast insights you can get from a proprietary, mobile-only automated research solution such as Path-2-Purchase™ Platform and  MFourDIY®. Just get in touch by clicking here.

Topics: mobile insights, mobile research, mobile surveys, mobile technology, mobile market research, staff, Path-2-Purchase™ Platform

Need Quality Consumer Insights? Take This Expert Advice

Posted by MFour on Apr 25, 2018 1:24:23 PM

 

Blog-Data-Quality-900-x-300

If you’re talking to the wrong consumers, consumer data and consumer insights suffer. A recent GreenBook webinar called “Working Together To Improve Respondent Experience” reminded us of the deeply inadequate state of online consumer panels, and the threat it poses to your ability to do your job and secure your standing in the decision-making process.

Kristopher Sauriol, Senior Director of Global Research Insights for Visa, was one of the participants, and he summed up the problem and what’s at stake in just a few words:

 “Your data is only as good as the people who are taking your survey….[But panel quality] is not always something research agencies  are forthcoming about….you either should ask, or you should look at some other agencies that do consider this a factor.”

We’d take it just a step further. Accessing validated consumers who are fully engaged in sharing what you need to know is not just “a factor.” It’s the factor. Finding them is a matter of reaching them in their preferred environment, via their preferred technology, the mobile app.

MFour’s story, in a nutshell, is that we built the app, 2 million representative U.S. consumers have downloaded it, and these are the consumers who are best situated to give the insights industry “data…as good as the people who are taking your survey.”

If you want a research partner whose entire business proposition is to provide you with quality, first-party consumers engaged by innovative, proprietary mobile research technology, just get in touch by clicking here.

Topics: mobile surveys, mobile technology, mobile apps, mobile market research, consumer insights

3 Friday Insights Into Mobile Research

Posted by admin on Oct 21, 2016 10:15:56 AM
Here's your Friday roundup of 3 items from our blog to keep you up to speed on mobile research as you head into the weekend.
 
Whatever else you do, don't forget to check at the bottom for something to mobilize your spirits.
 
 
And here's a Friday tune to get you bouncing into your weekend.

Topics: mobile targeting, MFour Blog, mobile market research, mrx

3 Friday Infobits from Mobile Research 101

Posted by admin on Aug 19, 2016 9:20:29 AM

There's so much to say about mobile research – we could just fill you up with the facts. Instead, take it at your own speed by sampling our weekly Friday roundup of 3 items from the MFour blog. You can expect information, insights, how-to's and occasional whimsy. Whatever else you do, don't forget to check at the bottom for something to mobilize your spirits heading into the weekend.

And here's a  Friday tune  to send you humming and smiling into the weekend.

Topics: MFour Mobile Research, adblocking, MFour Blog, mobile app, mobile market research, myths about mobile

Cutting Through the Confusion About Mobile Research

Posted by admin on Aug 9, 2016 10:47:39 AM
mobile phone image
You’ve heard that diving into mobile research is a must, because smartphones are where people carry out life’s daily tasks and experience its daily pleasures.
 
But mobile research is still a new concept. Like anything sudden, new and transformative, mobile can seem nebulous and confusing. Plus, there are so many suppliers touting so many mobile solutions.
 
Here’s a clear explanation to help you get your bearings: a commentary for Quirk’s in which MFour CEO Chris St. Hilaire looks at what’s at stake and provides clear guidance on sorting through mobile research options to choose what works.

Topics: MFour Mobile Research, max, News, MFour Blog, mobile market research, smartphones, chris st. hilaire

MFour in the News

Posted by admin on Nov 17, 2015 4:03:44 PM

MFour was featured in the news recently for our expansion and new hires. Check it out!

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Topics: new hires, MFour Blog, mfour in the news, mobile market research, new office, market research

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