AKA, The Meat Lovers Marketing Research Episode
When Barry Davis, AVP of marketing research firm, Leger, started chewing on what consumers had told his firm motivated their decisions when buying meat, he found the results tough to swallow.
You see, consumers were saying they wanted choice in cuts and quantities, and yet their actual behaviour showed the bulk of them flocking to Costco to buy meat.
If you’ve ever shopped at Costco, you know that it doesn’t give you much choice in cuts and quantities.
So why the contradiction?
To Get Customer Experience Right, You Have to Look Beyond the Obvious
In this podcast episode, we discuss several different approaches to the market research that Leger took to try to cut to the bone and find out what was really going on in consumers’ minds.
And that really is the point: if a research result doesn’t seem to fit the evidence, you’ve got to dig deeper.
Use multiple survey and research methods to “triangulate” and get to a result that makes sense.
In the episode we discuss several different methods they used to attack the problem, and the surprising result. (Hint: Although they were shopping at Costco, it was NOT for lower prices!)
Also in This Market Research Episode
- The dangers of forcing people to choose among options that are all considered non-negoitable. It can lead to seriously misleading research results.
- Ditto for making people rank or rank order non-negotiables.
- Personas derived from market research, and how they can help you understand a confusing situation. (Here’s an example of a persona and how it can be helpful, in an article I wrote for Hotel Business Review.)
- Affordability vs value: they are not the same thing.
- How you can position your brand to charge a premium price based on a desirable trait even if it is legislated and everybody else has that feature too. If nobody’s beat you to it, make that your brand differentiator.
And, finally, a heads up: If you are thinking of attending B2B Online 2017, use offer code B2B17TF for a 25% discount for Frank Reactions fans.
And as of March 21, 2017, you can be entered in a draw for a $200 gift card at this page, just for asking for more information!