Reality Check: Real Problems, Real Solutions, Real Fast.
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- What is a complete picture of my customers’ attitudes and behaviors and how do my customers and prospects act?
- Customer segmentation and profiling based on behavior, attitudes, lifestyle and demographics
- Who do I target?
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- Market demand and segmentation models
- Customer needs, wants or outcomes-based segmentation
- Customer valuation
- Use of back-end analyses from previous programs
- Where do I find them?
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- Customer database
- Prospect lists
- CDI (Category Development Index)/BDI (Brand Development Index) Analysis
- Market Demand Models
- What purchase channels are my customer segments using?
- Customer Survey
- How do I adjust my service/product and marketing mix to get the best ROI?
- Analyze ROI and other key performance metrics for separate components of marketing mix; develop marketing plans which optimize results best meeting overall goals (i.e., volume goals may require some marketing elements with lower ROI; other targets can focus on low volume/high ROI activities). Service product optimization conjoint.
- How would a change in price affect demand (i.e. is the price elastic)?
- Customer Valuation Models
- What are my competitors doing?
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- Competitive Intelligence
- Market Assessment
- Competitive Surveys
- What’s the market environment like and what are the emerging trends?
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- Secondary Business Intelligence
- Market structure study with needs-based segmentation
- What is my share of the customer's wallet?
- Share-of-Wallet Survey
- What is the perception of the price of my product (value-priced, appropriate or expensive)?
- Pricing Study
- How well do customers know my brand and what affects their perceptions?
- Brand awareness, tracking and positioning analysis
- What are the best practices for what I want to do?
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- Best Practices Research
- Comparing Back-end Analyses
- Simulation Analysis
- What is the size of my market?
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- Market Structure Study
- Needs-based Segmentation Study
- How do I get prospect feedback quickly?
- Quick-read Online Omnibus Survey
- Can you prove to me database marketing isn't too expensive for me?
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- ROI analysis
- Campaign evaluation
- Business assessment model
- How can we optimize our direct marketing programs?
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- Targeting based on lifestyle coding
- CDI (Category Development Index)/BDI (Brand Development Index) Analyses
- Response analysis
- Conjoint analysis
- List optimization
- What can I do with my customer and prospect data?
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- Data content assessment
- Database assessment
- Identify the Super consumer
- Develop industry specific constructs
- How can I position or re-position my brand in a relevant way?
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- Positioning Conjoint
- Share of wallet evaluation
- Economic analysis at brand/product level
- Market assessment
- Can you help me size my market and align my customers with the right products?
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- Market audit
- Claritas and/or MRI data
- How will the introduction of my new offering affect my other products? Or affect my brand? Or affect my competition?
- Conjoint Analysis
- What are customers’ first impressions of my new offering?
- First Impression Research
- How can I refine my ready-to-launch product or service?
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- Product/Service Optimization Conjoint
- New product business simulations
- Predictive/response modeling
- What are some promising and unique new ideas for a product or service?
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- Ideation and Idea Mining Research
- Product/Service Optimization Conjoint
- New product business simulations
- Predictive/response modeling
- How do I attract new customers that will behave as my current best customers do?
- Profile/model best customers; overlay and analyze data elements available for prospect list purchase; buy lists using criteria which mirror best customers; Messaging Conjoint; Loyalty program analysis, look alike analysis; profile analysis
- What are some promising and unique new ways to attract new customers?
- Ideation and Idea Mining Research; Product/Service Optimization Conjoint; New product business simulations; predictive/response modeling
- What should I spend to acquire a new customer?
- Campaign analysis, ROI analysis, retention/acquisition simulation
- Where is the best channel for me to acquire customers?
- Campaign analysis, touch point analysis; Channel preference analysis
- How does third-party marketing (consumer-generated media and word-of-mouth advertising) affect my customers and prospects?
- Segmentation, product preference, brand analysis; web text mining. Evangelist, brand and satisfaction studies.
- How do I test my message with customers before it goes out? What is the most compelling way to talk to new customers?
- Message testing; Messaging Conjoint; Touchpoint Analysis; Decision Point Analysis
- How do I find the best lists to market my product or service?
- Purchased list testing & optimization
- What do my competitors' customers love and hate about my competitor?
- secondary competitive research; primary competitive customer research; blog mining; Touch point analysis, decision point analysis
- How do I get prospect feedback quickly?
- Quick-read Online Omnibus
- Why aren’t customers flocking to buy my product or service?
- Acquisition barriers; Touchpoint Research; Touch point analysis, decision point analysis
- What is the buying cycle for my customers? When is the right time to sell and resell my customers? Where is the most potential to cross-sell or up-sell to my customers?
- Secondary or Standardized Research such as MRI or Nielsen; Behavioral Web Analytics; Customer Database Analytics; if not available: Primary Research; Association models, sequence models, segmentation. GAP/ROI analysis
- Where is the most potential to cross-sell or up-sell to my customers?
- Customer valuation models, next most likely models, RFM models; Product cross-sell models; score customer base; Product Preference Research
- What are some unique new ideas to cross-sell or up-sell to my customers?
- Ideation and Idea Mining Research; Product/Service Optimization Conjoint; Customer valuation models, next most likely models, RFM models; Develop marketing test plan, execute, conduct post-program analysis
- Can I grow my “next-best” customers into my best? How? What do I say to my customers to get them to buy my other products or services?
- Customer valuation, look alike models, market basket models; Model/profile best customers; identify others with similar attributes; cross-sell products and services they are most likely to buy; Product/Service Conjoint, Messaging conjoint
- Can I grow my customer base by anticipating their next lifestage?
- Identify generic lifestages of interest, must be able to identify lifestages of existing customers and predict movement; examine product mix by lifestage; if customers in subsequent lifestages have deeper relationships, use learning to make offers at appropriate times; Customer Migration; Lifestage Migration (with Drivers)
- What do I say to my customers to get them to buy my other products or services?
- Messaging optimization conjoint; Test messages/offers; Segmentation, product preference
- How do I test my messages before they go out to my customers?
- Messaging Conjoint; Message testing (Run pilot program and test matrix with statistically valid samples prior to roll out.)
- How do I get my customers engaged/active in my product's value proposition?
- Value Messaging Conjoint; Segmentation, product preference
- Why would customers accept my product and then fail to become engaged in the value proposition?
- Brand analysis, segmentation, needs analysis, satisfaction analysis; Loyalty Drivers; Moments of Truth
- How much do I have to spend to get them to buy/buy more?
- Ad Models, econometric models; ROI Studies
- How much communication is too much communication?
- Marketing mix models; Information campaign attrition analysis
- Am I spending money I don’t have to?
- Customer value, Brand ROI, Marketing mix models
- How can I take advantage of my competitor’s weaknesses?
- Competitive research (both secondary and primary —including branding, positioning, product preference and satisfaction)
- How do I identify opportunities in my existing customer base at every touchpoint?
- Touchpoint Research; Loyalty Drivers; |Experience-Expectations|xImportance; examine customer relationship / cross-sell / profit before and after contact with touchpoint to determine which touchpoints are successful in selling which services; calculate cross-sell / profit by touchpoint. Apply cross-sell models to identify next likely product of interest; make available to touchpoints. Channel analysis
- Where are my customers coming from and going to among my products and services?
- Customer migration; Customer migration by value segment; Segment customers based on product/service usage; track migration over time/lifecycle; determine relationship with profitability and retention to identify desirable migration pattern; Market Audit
- Where can I increase my product penetration and how?
- CDI/BDI; Customer valuation, next most likely models, look alike models, demand estimation models; Develop and apply product cross-sell models; score customer base; compare product penetration to market potential with gap analysis. Share of wallet. Share of market.
- How do I adjust my marketing mix to get the best ROI?
- Marketing Mix models, media planning models, brand ROI models, customer valuation
- What are the triggers that precede attrition and how can I act to prevent it?
- Retention models (Red Alert), early warning analysis; Loyalty Drivers; Attrition Drivers; Attrition Conjoint to develop trigger programs
- When are my customers likely to leave?
- Lost Customer Analysis, retention analysis, attrition model
- Why am I losing customers?
- Lost Customer Analysis; Attrition model and root cause analysis.
- Why aren’t my customers buying more from me?
- Brand analysis, satisfaction analysis, loyalty studies; Growth barriers; Examine cross-sell ratios and penetration vs. market potential
- How can I win the good ones back?
- Lost Customer Study, Reactivation
- How can I segment my customer base by how valuable they are so I can re-allocate my resources?
- Customer Value segmentation, loyalty analysis, profiling
- What are some great new ideas on how to keep my best customers?
- Ideation and Idea Mining Research; Program Optimization Conjoint; Customer Value, segmentation, loyalty analysis, profiling
- What are the most compelling ways to retain my customers?
- Ideation and Idea Mining Research; Program Optimization Conjoint; Customer Value, segmentation, loyalty analysis, profiling
- How can I build a relationship with my customers to inspire loyalty?
- Customer Value, segmentation, Loyalty Drivers; Loyalty Conjoint; profiling; reward program testing
- How should I allocate my limited customer service dollars to optimize customer relationships?
- Customer Value, segmentation, loyalty drivers; profiling; Loyalty Conjoint
- What do new customers need and expect?
- New customer needs assessment; Customer Value, segmentation, loyalty analysis, profiling
- What really drives my customers’ loyalty?
- Loyalty Drivers; Loyalty Metrics; Customer Value, segmentation, loyalty analysis, profiling