1,000-Millennial Study: Pt. 2 on Money & Finance Coming Tuesday 9/27

Posted by admin on Sep 22, 2016 11:01:31 AM

¡MILLENNIALS!

 

Thanks to all who read Part One of our Millennial Insights Project – “1,000-Millennial Study Explores Entertainment Consumption.”

 

Now it’s on to Part Two, which will report insights into Millennials’ consumer preferences and behaviors when it comes to Money & Finance. We’ll be rolling it out on Tuesday, Sept. 27. Part Three, on Technology & Lifestyles, is coming Oct. 4.

 

You can explore all the data on our Project Tracker by clicking here.

 

User Name: MillennialCaseStudy

Password: MFourMillennials

 

Just to recap:

 

We built and fielded the survey with MFourDIY, the only all-mobile, do-it-yourself survey-creation platform. It took two hours from launch to completion on Sept. 10 to collect 1,000 valid responses from Millennials -- who make up about 60% of MFour’s panel of more than a million active members. All our panelists use MFour’s Surveys on The Go® mobile app to receive and respond to surveys.

 

The Millennial Insights Project generated data from respondents who reflect the U.S. adult population distribution, segmented by sex, race/ethnicity, income, age bracket and several other identifying filters. By reflecting U.S. Millennials in all their diversity, our project avoids the common pitfall of wholesale stereotyping of a 75-million member generation as a single entity.

 

See you on Tuesday!

 

Topics: News, MFour Blog

1,000-Millennial Study Explores Entertainment Consumption 

Posted by admin on Sep 19, 2016 7:58:21 PM

 

entertainment

 

This is the first report in MFour’s Millennial Insights Project, an in-depth look at the preferences and behaviors of 1,000 American consumers, ages 18 to 36. Today’s report highlights results and findings on Entertainment.

 

We’ll follow with reports on Money & Investing (Sept. 27) and Technology & Lifestyles (Oct. 4).

 

We recruited and surveyed respondents through Surveys on the Go®, MFour’s all-mobile, app-based research technology and methodology, which reaches more than one million active panelists. The study collected 1,000 demographically representative, validated responses within two hours of launch on Sept. 10, 2016. Length of interview was approximately 15 minutes. Respondents were segmented by sex, race and ethnicity, type of work, income and age. We divided our Millennial subjects into three six- or seven-year age brackets.

 

Here are five insights we found interesting:

 

Streaming is King: Streamed programming is the most frequent viewing choice for 58% of Millennials – more than double the 28% who most often watch cable or satellite TV. There’s a substantial drop-off for cable/satellite viewing among Millennials who haven’t yet turned 30. Only 18.5% of this younger group say cable/satellite TV is their first choice, compared to 37% of Millennials ages 30 to 36. 78% of all Millennials consider a paid streaming platform their first or second choice when watching television, with 76% saying they are streaming more from paid services than they did a year ago. But most Millennials haven’t cut the cord on cable entirely: 64% of those who no longer live with a parent still subscribe to cable or satellite TV.

 

Binge Watching is Huge: By nearly four to one (78% to 22%), Millennials prefer a television series to be released all at once, rather than having to wait for a weekly episode over the course of a season. And 68% said they had binged on TV during the past month; 53% during the previous week. Across every grouping – sex, age bracket, race-ethnicity, and income level – U.S. Millennials are united in their eagerness to binge on TV shows.

 

Music Downloads are Going Mobile: More than half of Millennials (56%) said they had downloaded music to a mobile device within the past month, surpassing the 43% who’d downloaded tunes to a desktop or laptop. African Americans were especially active downloaders, with 69% saying they’d downloaded music straight to their mobile in the past month, and 53% downloading to a PC. Downloads for Caucasians were 55% mobile and 38% PC; Hispanics/Latinos went 57% for mobile and 46% for PCs.

 

Opting Out of Going Out: Fewer than half of Millennials (43%) said they had been to a movie theater in the past month, and 17.5% had been to a live concert. 40.8% hadn’t been to a live concert in the last 6 months, and an additional 15% had never experienced a concert.

 

Viewing on Smartphones is 2nd Only to TV: 91% of Millennials said they access entertainment on a television screen, with mobile phones second at 73%. Desktops and laptops were third at 63%, and 47% watch or listen on tablets. The youngest Millennials, ages 18 to 24, show  a preference for watching on smartphones – 74%, vs.  69% for respondents 25 and older. There’s also an intra-generational difference for TV screens, used by 89% of the youngest group and 93% of 25 and overs.

 

For a look at our entire Millennials survey, visit: https://www.surveysonthego.net/tracker

 

Username: MillennialCaseStudy

Password: MFourMillennials

 

MethodologyUsing MFourDIY, the market research industry’s first all-mobile, do-it-yourself platform for designing and carrying out studies, MFour fielded a 30-question survey on Sept. 10 to Millennials who make up about 60% of its million-member active panel, all of whom participate in research via the Surveys on the Go® app for smartphones and tablets. Fielding time was less than two hours for 1,000 validated responses.

 

Responses reflected U.S. Millennials’ demographic profile: 50% male, 50% female; 56% Caucasian, 19% Hispanic/Latino, 14% African American/Black, 5% Asian, 1% each for Middle Eastern, Pacific Islanders and Native Americans/Alaskans; 3% Other. Age brackets were 18-24 (36%), 25-29 (31%) and 30-36 (33%). The study also segmented respondents by whether they were parents of children under 18, their type of work (full-time blue collar and white collar, part-time, unemployed), and their income (six brackets from $25,000 or less to $100,000 or more).

Topics: MFour Mobile Research, mobile insights, african americans, latinos, News, MFour Blog, millennial insights project, millennials, hard to reach

3 Mobile Musings From the MFour Blog

Posted by admin on Sep 16, 2016 1:08:12 PM

Here's your Friday roundup of 3 items from the MFour 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 get you humming.

Announcing: What Millennials Think

Tracking Data `Dilbert' Style

MR & the Hit Parade

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

Topics: News, MFour Blog

Coming Sept. 20: Insights from a Deep-Dive Survey of 1,000 Millennials

Posted by admin on Sep 15, 2016 4:50:01 PM

¡MILLENNIALS!

Study Captures Nuanced Consumer Insights on a Generation That Defies Stereotypes

MFour has just finished surveying American Millennials in a new, more advanced way than previous systematic research studies. The Millennial Insights Project reached them solely on their mobile devices, using a native app that’s a radical advance over traditional online and telephonic survey methods. We talked to 1,000 U.S. Millennial consumers, ages 18 to 36, via their smartphones -- the dominant communications/information devices of the era that the 75 million U.S. Millennials have begun to dominate. We sought and obtained insights into their preferences and behaviors in three important consumer sectors: Entertainment, Money & Finance, and Technology & Lifestyles.

We’ll publish our first weekly report on Tuesday, Sept. 20, focusing on Entertainment.

We built and fielded the survey with MFourDIY, the only all-mobile, do-it-yourself survey-creation platform. It took two hours from launch to completion to collect 1,000 valid responses from Millennials -- who make up about 60% of MFour’s panel of more than a million active members. All our panelists use MFour’s Surveys on The Go® mobile app to receive and respond to surveys.

The Millennial Insights Project generated data from respondents who exactly reflect the U.S. adult population distribution, segmented by sex, race/ethnicity, income and age bracket. Our report divides Millennials into three six-year age brackets rather than lumping them all together. By reflecting Millennials in all their diversity, our project avoids the common pitfall of wholesale stereotyping of Millennials as a single entity.

Past surveys of Millennials have asked them to answer online questionnaires or have slowly tracked them down for person-to-person telephone interviews -- a method that was once the gold standard but now is often prohibitively expensive, and out of sync with a generation that often won’t take calls from unfamiliar numbers. Underlying the Millennial Insights Project is our conviction that when it comes to talking to people who are all-in with mobile communications and smartphone apps, as Millennials surely are, it makes sense to engage them and learn about them by using all-mobile, app-based research.

We’ve used our unique method to drill down deeply to tease out nuances that give a more accurate and complex picture of a generation shaped by coming of age during a historic, 18-year arc that saw radical, amazingly rapid change – not least the advent of technology that now lets us carry the world in a hand or a handbag.

You’ll see that Millennials – people who were born between 1980 and 1998 and reached their teens from 1993 to 2011 – are not a homogeneous generational unit. One insight from the study is that it would be a costly business mistake to treat them as a single, undifferentiated consumer cohort.

A love of experiencing the world through mobile devices is one strand that does unite this intriguing, unprecedentedly diverse generation of Americans. We think you’ll get fresh insights from our coming weekly installments, so please stay tuned on the MFour blog or on Facebook, LinkedIn, or Twitter (@mfourmobile).

Topics: News, MFour Blog

Bad Tracking Data Will Kill You (Unless You're Dilbert)

Posted by admin on Sep 13, 2016 11:56:10 AM

dilbertresize

Bad data will kill you, unless you live in a strip like “Dilbert,” where doing business obliviously never leads to bankruptcy, but pays off handsomely for readers who enjoy a good, satiric laugh.

But this exchange between Dilbert and his ever-clueless boss brings to mind a real bad-data problem that’s no laughing matter for the many market researchers who need a solution.

Tracking studies are going off track because online surveys they typically depend on no longer reach enough of the needed respondents. Today’s data increasingly moves from smartphone to smartphone, the app gets all the appreciation (and use), and questionnaires housed online have become suspect as the data they capture grows less representative, less accurate, and less useful.

Dilbert’s boss wouldn’t care, but market researchers know they must reckon with it.

There’s understandable hesitance about taking a sharp turn from yesterday’s online trackers to advanced mobile methods geared for today’s data ecosystem. Continuity matters. Data consistency matters. Business decision-makers need to make reliable connections between where the relevant data pointed in the past, and how it’s trending now.

The answer is not to jettison online research, which remains valid for some consumer segments, but to integrate and calibrate it with mobile data from the Millennials, minorities and parents of young children who traditional online surveys no longer can reach.

At MFour, we think we have a solution. We invite you to check out a case study, “Putting aTracker Back on Track.” 

The info won’t generate laughs, but what you learn could help turn today’s worries into tomorrow’s reason to smile.

Topics: News, MFour Blog

What Makes a No. 1 Record, and Why it Matters to MR

Posted by admin on Sep 12, 2016 6:00:48 AM

shutterstock_718664518

Traditional ways of measuring can die hard – a prime example being the United States’ ongoing rejection of the metric system.

Rationalists point to how much easier it is to use a system that quantifies everything in 10s, 100s and 1000s. But that – and the fact that virtually every other country uses the metric system – isn’t about to make Americans give up our 12-inch foot, our 5,280-foot mile, our 16-ounce pound and our 128-ounce gallon.

But even in the proudly exceptional U.S.A., change will happen when sheer necessity dictates that it must – including changes in how we measure things.

Now it’s time to take the measure of the traditional online market research tracking study. Data from this mainstay is becoming suspect. Consumers have switched en masse from laptops and desktops to smartphones as their primary information/communications device. Crucial, smartphone-centric swaths of the population have gone off online research’s radar – including Millennials, minorities, and parents of young children. Without them, trackers can’t take a valid measure of what consumers think, feel, want and do. The public’s transformative embrace of smartphones has brought us to that moment of sheer necessity, when how we measure things must change.

But what does that mean for tracking studies? They compile insights over time, making it important that historical findings remain compatible with new data. Is there a way to save trackers from a wrenching disruption in which a necessary shift from online to mobile breaks that important chain of continuity? We think there is – through calibrations that align the new mobile data with the most useful online data sets.

There’s an interesting parallel between MR’s tracking-study challenges and the challenges the music industry faces as it tries to measure which songs or albums are the biggest hits. A changing technological landscape that also includes the smartphone has revolutionized how fans consume music – and that has meant a scramble to find better ways to measure music consumption.

A recent Los Angeles Times article examines how the music industry is trying to recalibrate what constitutes a No. 1 hit. Given how segmented today’s music delivery systems have become, how can anyone tell which hit song should be No. 1? Fans and artists want to know who’s on top, and record labels, talent managers and music trade publications need to know.

Before the digital age, it wasn’t complicated. Records were sold in stores and played on the radio – so sales figures phoned in from the stores and playlists provided by the radio stations determined who was No. 1. The system was legendarily vulnerable to being gamed by paying off whoever was doing the reporting, but it was the best the industry could do.

The advent of the bar code brought a big change for the better. Cash register scanners recorded every sale. New clarity came to declaring who was No. 1.

But over the past 15 to 20 years, everything has changed. Now there are myriad ways for music to reach the public ear. With audio streaming, YouTube videos and downloads now dominating how fans access music, how do you measure just how well a song or an album is selling? With so much complexity and so many variables, can you really be sure who’s No. 1?

The music business is trying. “Each component…is measured and weighted using industry-approved equations,” reports music writer Randall Roberts, but there’s still no easy way to determine who’s No. 1. “The problem…is quantifying success in an era with dozens of distribution platforms.”

Getting the numbers from market research tracking studies to again reflect observed reality isn’t quite so complicated – if researchers are willing to make some necessary adjustments.

It’s understandable that some researchers would regard shifting from online trackers to mobile trackers as an unthinkable disruption akin to America going metric. With tracking studies, continuity matters. Data needs to be consistent and comparable over time. Business decision-makers need to be able to look at past data and recent results to gain insights about trends. Throwing out the old data to bring in the new becomes extremely unpalatable.

The solution is not to jettison online tracking studies entirely, but to integrate them with new mobile components. If online responses for certain demographics remain reliable, then by all means keep them – but augment them with mobile data from the groups that no longer are accessible to online studies. By analyzing and calibrating the data from each approach, trackers can establish new baselines that reconcile the historic online data with the new mobile results.

“Each component…is measured and weighted,” is the key phrase in the L.A. Times article about the challenge of determining whose record is No. 1. Market research can take that as a cue, measuring and weighting online and mobile data to put tracking studies back on a reliable course while hardly missing a beat.

MFour is ready to help with the necessary mobile survey technology and panel – and with the calculations that will calibrate and integrate new mobile data with a tracker’s historic and ongoing online components. As the Beatles sang in an indisputable No. 1 hit, “We Can Work it Out" -- and for a productive talk about how we can make it work for your specific projects, just click here. 

Topics: News, MFour Blog

3 Weekend Mobile Musings from the MFour Blog

Posted by admin on Sep 9, 2016 3:46:03 PM

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Here's your Friday roundup of 3 items from the MFour 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 get you hopping.

37% of Millennials Read Books on Mobile

Google Says Mobile Has Won the Web

Interview 1,000 Diners While They're Still Full

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

Topics: News, MFour Blog

Google Declares Victory for its `Mobile First' Campaign. Is MR Listening?

Posted by admin on Sep 7, 2016 6:00:48 AM

GoogleSEOIt's official: the need for businesses to be smart about smartphones is so obvious it now goes without saying.

Google announced recently that it is dropping the “mobile friendly” seal of approval that has been popping up in search results over the past two years to distinguish websites that work well on smartphones from those that hadn’t bothered to make their sites easy to read and navigate on mobile devices’ smaller screens.

In Google’s view, the campaign to optimize the smartphone experience by dangling the reward of a "mobile friendly" designation can be called off, because it has been fought and won. Google reported that 85% of all pages in mobile search results now qualify as mobile friendly. It’s no longer something to aspire to, but something that’s simply assumed. As Google put it, "we've seen the ecosystem evolve." The recalcitrant few who haven’t evolved by optimizing their content and user experience for mobile will continue to be penalized with lowered rankings in search results.

“The…search giant feels it is common knowledge that sites… will be friendlier to all devices,” MediaPost.com noted in its Mobile Insider newsletter.

What goes without saying in the realm of search results also should go without saying in the realm of market research. Lacking an effective, wholehearted strategy for mobile surveys will soon be a mark of backwardness almost too obvious to be worth pointing out.

For now, though, it does bear pointing out, so until the MR industry has come fully on board, MFour will keep talking about what it means to be mobile-research friendly.

 It’s not just fielding the same old surveys to smaller screens, and it’s not just picking any mobile system that presents itself. State-of-the-art mobile research is not a commodity, but an advanced specialty, and like any technology-driven specialty, it requires experience and single-minded focus. MFour has put all its effort and skill into mobile since 2011, when it began pioneering mobile research software and recruiting smartphone and tablet users to its unique, all-mobile Surveys on the Go® panel, which now numbers more than a million active members and continues to grow at the rate of more than 2,000 daily. 

Adopters of advanced smartphone-based research will harness the devices'  vast computing, multimedia, and geolocation capabilities, and the results will speak for themselves. Soon it will go without saying that advanced mobile research is the industry standard. You may not be quite there yet, but if you’re reading this, you’re already on the brink.

Most of us are used to letting Google guide us. This is no time to make an exception.

 

Topics: News, MFour Blog

Yes, Smartphones Can Make People (and MR) Smart

Posted by admin on Sep 6, 2016 6:00:08 AM

book and phone

There’s nothing quite like books to exercise the brain, and Americans increasingly are using mobile devices to read them, according to a new study by the Pew Research Center.

This finding is one more nail in the coffin of a market research myth: that mobile devices aren’t suited to the longer, more complex surveys required for a deep dive into a research topic. People who’ll spend hours reading a book on a smartphone will surely spend 20 minutes answering a mobile questionnaire – if, like the book, the survey holds their interest and functions properly on the phone. We know it because we see it all the time.

Pew’s study, “Book Reading 2016,” offers some surprises – but the fact that book readers are gravitating toward mobile devices isn’t one of them. Mobile is “The Way We Live Now” – the title of a book by the prolific 19th century English novelist, Anthony Trollope, which you can read on a screen of your choosing.

One gratifying finding for people who don’t want to see every beloved tradition get kicked to the digital-age curb is that books with real bindings and pages are one legacy technology that’s holding its own. 65% of American adults reported having read at least one printed volume during the 12 months ending April 4 – a figure that has held stable since 2012.

But Pew researchers also found that more readers are integrating smartphones and tablets into their reading. Here are key findings about mobile book consumption:

  • “While print remains at the center of the book-reading landscape as a whole, there has been a distinct shift in the e-book landscape over the last five years. Americans increasingly turn to multipurpose devices such as smartphones and tablet computers… “
  •  “The share of...readers on tablets has more than tripled since 2011 (4% to 15%) and the number of readers on phones has more than doubled (5% to 13%) over that time…”
  •  “Smartphones are playing an especially prominent role in the e-reading habits of certain demographic groups, such as non-whites and those who have not attended college.”

Laptops and desktops are not nearly as popular with book readers as mobile devices. Only 11% of Pew's respondents said they had read a book on a laptop or desktop during the past year -- compared to the 28% who’ve used smartphones or tablets.

Millennials, who are much more reachable for surveys on mobile devices than on personal computers, unsurprisingly are also more inclined than other groups to read books on their cherished smartphones or tablets. 37% of Pew's respondents In the 18-29 age group said they had  read a book on a mobile device (22% smartphone, 15% tablet). The 30-49 age bracket, which includes older Millennials, was close behind at 36%, divided equally between smartphones and tablets.

The implication for market research seems clear: people like mobile devices, and they'll give close attention and more than a few moments of their time to mobile surveys that engage them and are relevant to their lives as consumers. 

This isn’t just a hypothesis. Smartphone users’ willingness to stick with mobile surveys for 20 minutes or more is a fact MFour and its clients have confirmed repeatedly over many projects.  At that length of interview we expect response rates of 50%, and completion rates above 90%.

Results like this aren't automatic. The magic isn't intrinsic to mobile devices, just as the magic in a book isn't intrinsic to the paper and ink, or the pixels. It depends on human factors -- designing the best mobile survey software, recruiting and engaging a reliable and representative panel, and acquiring and applying the experience  that's needed to excel in applied technology and client service.

MFour has written the book on how to carry out mobile research. We’ve been pioneering and advancing these methods since 2011, when our Surveys on the Go® app debuted. We are to mobile market research what Gutenberg was to the printed text.

Now we’re delighted to have learned from Pew that reports of the traditional printed book’s death have been greatly exaggerated. It may be an old technology, but it still works. And now there's mobile reading on smartphones as a useful supplement.

The same can’t be said for traditional online market research. It no longer serves its purpose, the way a printed book does. It isn't being supplemented by mobile research. It’s being supplanted.

Topics: News, MFour Blog

3 Friday Must-Knows on Mobile Research

Posted by admin on Sep 2, 2016 10:07:52 AM

hot-air-balloons-439331_1280

Here's your Friday roundup of 3 items from the MFour blog to keep you up to speed on mobile research as you jump into the Labor Day weekend. Whatever else you do, don't forget to check at the bottom for something to mobilize your spirits and get the weekend off to a festive start. 

MR Add-on Charges You Can Avoid

Need help? No sweat.

MR Needs to Fight the Right War

And here's a Friday tune to send you humming and smiling into a much-deserved long weekend.

 

Topics: News, MFour Blog

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