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Posts tagged ‘Market Research’

The last 10 years…

Apparently only 1 in every 10 small consultancy firms lasts 10 years. We’re one of the one in ten. But we’ve only been able to survive and thrive because of the support and loyalty of our fabulous clients, employees and associates.

Our first paying client, 10 years ago, was The Gem – the CRM outsourcing firm (now part of Concentrix).  Our most recent is Stratton Craig.  And, in-between, we have worked with a veritable Aladdin’s cave of clients including Microsoft, BT, IBM, Amacis, Oxford Economics, Kable, Invest NI, Provita Eurotech, DETI, Strategic Investment Board, Taylor Wessing, SLA Mobile, Aepona, Replify – and many, many more.

We hope to make several announcements during 2012 about new clients, and new partnerships.  But I also wanted to say ‘thanks’ to everyone who has supported us over the last 10 years.  It’s been fun.

Redefining Customer Insight

Live, global broadcasting is creating a new opportunity for customer insight

Quadriga Consulting has worked with some of the leading technology companies for the last decade.  We have helped dynamic, innovation-rich technology companies to understand their customers and channels to market.  And over the last decade we have been at the ‘bleeding edge’ of technology developments – working with companies driving technology innovation, as well as innovating ourselves, in terms of the tools we use.

Web survey tools are now well bedded-down in the customer insight tool-kit and sit alongside more traditional survey methodologies.  But we are of the view that the web and social media tools are on the verge of completely overturning how qualitative research is conducted.  In short, qualitative research and insight is on the verge of being transformed – forever.

Qualitative Insight: Stuck in the Past?

In the past, gaining qualitative insight was all about small groups of people – individual interviewees or small groups – providing feedback.  Innovation in qualitative research revolved around the types of topic guides that might be used.  Some agencies used specialist moderators – some even employed psychologists.  However, innovation was, at best, incremental.  Moreover, the rule of thumb remained that qualitative insight was all about smallish groups of respondents providing rich, discursive, unstructured data.

We think, given the pervasive use of social media, and the ability to video stream content across the globe, the traditional approaches to qualitative research are being supplemented by new techniques that offer huge advantages, and the opportunity for much richer customer insight.

A Eureka Moment

In 2009 we organised an event in conjunction with a client (a major global technology company).  However, we were keen to try out a couple of interesting techniques, and create a new type of event.  Instead of inviting hundreds of people (and feeding them all) we invited just a select few guests.  However, so that lots more people could watch the event, we live broadcast it on the web.  But we didn’t merely rig up a camera to the Internet.  Instead, we worked with a partner firm and we used a TV-broadcast type set-up: 5 cameras, live camera mixing, live captioning.  And we streamed live, using an open stream that anybody (we invited) could watch.

We also promoted the event heavily, via social media, months prior to the event.  Using Twitter, Facebook, Linkedin and social media optimised media releases, we pushed the events to thousands.  And as speakers were secured (over 30 in all) we announced them via social media, and featured them on our social media optimised event blog.

On the day of the event we had just 80 or so people at our event venue in London (a rather lovely London hotel) – but, at any one time, around 1,200 people watched online, in 29 countries, in hundreds of cities.

And because we built social media interaction into the live stream (heavily pushing a Twitter hashtag months before the event), people watching online, tweeted, chatted, interacted.  Indeed they interacted so much that we generated over 80 pages of hash-tagged Twitter-stream on the day.

Applying the Lessons to Customer Insight

Because of our background in customer insight and research, it occurred to us after this event that such vast audiences, interacting in real time, could probably be considered vast focus groups.  In the past, the only feedback we obtained from conference attendees was the speaker feedback form.  Now, suddenly, using social media, we had identified an incredible customer insight opportunity by aligning thought provoking content with the opportunity for audience feedback.  In focus group parlance – the event is the stimulus material; the social media channel creates the discussion and augments/steers the content.

The customer insight opportunity is obvious.  Over the last two years we have continued to finesse our skill-set in live streamed content.  Now we’re beginning to apply these skills to customer insight.  We can provide a full spectrum of services from private, highly controlled and moderated international focus groups conducted using Telepresence to large, multi-channel conferences designed from ground up to elicit interaction from extended, public or controlled audiences.

Creating Rich Thought Leadership Content

Because we create long-form video content, we can create rich client feedback, based on qualitative content analysis as well as quantitative keyword analysis of the interaction streams.  We can also author white paper content, and repurpose video content (and associated feedback) for on-demand consumption (either by employees, channels, the media or the general public).

Our background in research, marketing, thought leadership and customer insight makes us uniquely qualified to conduct work of this nature.  No other agency that we are aware of can bring together the subject matter understanding, social media and live streaming expertise and qualitative analysis experience.

If you would like to take your first dive into the world of broadcast-enabled social media insight, please contact us today.

Social Web and Market Research 2.0

Here Jeffrey Peel of Quadriga interviews Jeremy Brown of Sense Worldwide and Matt Rhodes of Fresh Networks. The interview provides a fascinating insight into the thinking of a new breed of social media savvy market researcher. Jeremy talks about the concept of master-planning while Matt discusses how the ‘new marketing’ has to embrace the idea of the Conversation.  Interview recorded at Conversations event at OneAldwych last month (sponsored by FRONT). 


Conversations, London – Jeremy Brown, Matt Rhodes from designbyfront on Vimeo.

Conversations: OneAldwych, London, 26th March

OneAldwychSocial media is changing everything.  Media and market fragmentation, changing patterns of media consumption and increasingly active, engaged consumers mean the old media reach models are in disarray.

STOP PRESS: SPEAKERS ANNOUNCED

This rapid social and technological change presents the marketing services industry with both challenges and opportunities:  how can we help organisations engage in better conversation with their customers?

To help, FRONT, in conjunction with Quadriga Consulting, is launching a new initiative for marketing professionals: Conversations.

The Conversations concept is unique as it brings together great opportunities for networking with insight into the thinking of marketing professionals.

The format is as follows.  Over 2 hours there will be five conversations of around 10 minutes each.  Professionals who reflect various facets of the marketing communications mix will be interviewed by Quadriga Consulting MD, and author, Jeffrey Peel.  These conversations will be video recorded and will be available online after the event.  During the event there will be opportunities to mingle and chat with attendees and conversation participants. 

Register Your Interest

The first event will take place in London on the 26th of March between 6.00pm and 8.00pm, at OneAldwych. The conversation line-up will be announced shortly. Attendance will be by invitation only, but please register your interest if you’d like to attend.

Social Networking and Marketing Research

Social Networking Research & Intelligence:  Blogs and social networks are merging into one category these days.  For example, what’s the difference between a Facebook Group microsite and a blog?  Both contain content, both have discussion  trails, both have communities of interest.  Blogs have become more like social networks as social bookmarking has become more important, and the social bookmarking sites themselves are beginning to look more like social networking sites.  Then throw feeds from one platform, into another, and everything is mixed up.  Enter the social networking ecosystem. 

LISTEN TO JEFF PEEL INTERVIEWED BY DAVY SIMS
ON WEB 2.0 AND MARKETING

From a marketer’s point of view the new social networking challenge is to fixate less on one platform or another – but rather jump right in to the interconnected mix.  The challenge is to stir things up in a way that helps build knowledge about interconnected customers and prospects. 

Quadriga Consulting is becoming one of the leading players in the social networking research space.  We are building both quantitative and qualitative research methodologies that resonate across vertical and geographical markets.  We are currently running research and intelligence assignments for multiple clients - in consumer goods markets, high tech, consumer technology and professional services.  Moreover, increasingly, social networking research straddles both B2B and B2C client markets.  Indeed we find that techniques that we have developed in the B2B space are being cross-fertilised into B2C and vice versa. 

If you would like to discuss how to develop your understanding of your target online communities please give us a call. 

Chameleon Marketers

By Jeffrey Peel – Often I’m asked how it is that as a company that started in research we ended up doing so much more. 

The conclusion  I have come to is that research and analysis firms have more interesting things to say because our thoughts, and perspectives, are based on market knowledge and understanding.  While much of the work is client-confidential we, at the same time, build tacit knowledge that gives us some right to take a stand on issues.  Admittedly we have to operate within a frame of reference – and in our case that ‘frame’ would be heavily influenced by information technology.

But, think about it for a minute, the fact is that just about every business these days is becoming a technology business.  Even David Cameron in his latest election broadcast – just last week – made overt reference to the Internet as one of the most fundamental reasons for social change in the UK.  After all, entire swathes of our population no longer watch television.  Internet advertising is set to overtake TV advertising in the next two years.  And where the web used to be the domain and stomping ground for big business, suddenly – with Web 2.0 technologies – it has become democratised.  Even my own 11 year old daughter can now design her own Bebo ‘skin’. 

The Internet is a super-medium.  In the past all advertising was a tell-sell.  Now it’s an interactive sell and it has become much more complex, interconnected and, obviously, viral.  If brands offend they will be pilloried online in seconds. 

The impact on marketing services is massive.  Frankly, unless one is immersed in the world of interactive web technologies one will quickly lose touch.  Indeed I recently went on an Internet-free, one week, beach holiday and felt I had lost touch a bit when I returned. 

But, let’s face it, marketing services firms can’t have the luxury of being type-cast these days as one thing or the other.  The Internet will inevitably make us all chameleons – admittedly with our own specialisms.  Therefore as a researcher I will present my research – socialise it – using new communications media.  I will also collect it in new ways making use of social networking communities and online data collection techniques.  And my clients must be prepared to act on research by reaching out to these new global communities, search engines and news portals via more and more flexible and target-able media. 

Ruth McNeil Joins Quadriga Board

We are delighted to announce that Ruth McNeil has joined the Board of Quadriga Consulting Ltd as a Non-Executive Director.  

Ruth McNeil is a highly respected market researcher with particular experience in the business to business sector.  She works for a range of private and public sector clients across a range of different subjects both in the UK and internationally. She is a non-Executive Director at Quadriga Consulting and works with us on international assignments based out of London.  She runs her own research practice based in London.

For fifteen years Ruth worked at Research International as deputy managing director of RI Specialist Units (where Jeff Peel was also a Director) and was a main board director of RI. Ruth left Research International in August 2000 and has since worked with clients on practical business and services issues, strategic planning, branding research, customer relationship management, concept development, market optimisation and other areas.

Ruth plays an active role in the wider research industry, for two years having been one of the Market Research Society Awards Judges for the annual MRS conference. Ruth is a member of the BIG Conference Committee and the conference Programme Committee (BIG is the annual specialist Business to Business researchers conference). She convenes the MRS “International Research” training course and is a frequent speaker on market research issues at conferences in the UK and USA.

Ruth has a degree in Languages from Durham University and is a Fellow of the Market Research Society.  She has also written an excellent book on B2B Market Research (see Books).