SlideShare a Scribd company logo
1 of 27
Download to read offline
Strategies for Harnessing Social Media
for Effective B2C Marketing Research and
Product Development
Mark Simon, Managing Director, Toluna UK
Justin Cohen, Planning & Insight Consultant, Sony Music

TFM&A, 2nd March 2011
Agenda
  Social changes everything!

  Getting it wrong…

  The Marketplace

  Toluna QuickSurveys

  Case study: Sony Music
The Context
Online Behaviours Are Changing
Online behaviours are changing
                             Infographic from Flowtown
                             ‘My Mom is on Facebook?’
Getting Answers to Make Better Decisions
    Traditional market research approaches plus:
 1. Social networking sites or blogs
 2. Research sites for interaction on a large scale
 3. VIP communities
Survey-taking behaviours are changing
       Response rates to survey invites are declining
   – Email overload
   – Untargeted, poorly designed and lengthy surveys
   – Our time and attention is limited: better stuff to do elsewhere on web




       Monetary incentives only are not the solution...
   –   People always looking for the next best offer – spiral of decline
   –   Social rewards make big sites work: Yahoo Answers, Wikipedia, etc.
   –   Financial incentives – survey completion
   –   Social incentives – site stickiness, traffic
Reliable survey completion:
Model needs to evolve


 Email Lists       Online Panels
                                           Panel             Social
                                         Communities
                                                             Media


    Allow member participation & creation of content
  – Discussion forums, blogs, personal pages, member polling & ratings,
    online focus groups, live chat & wikis
    Participation driven by ego / reward / curiosity
  – Sharing of results and impact with the community, member visibility
  – ‘I made a difference’ NOT - ‘I got paid’
  – Give respondents a seat at the decision-making table
Getting it Wrong…
Gap Logo: Social Media Fail?
             No community research for rebranding => SM backlash
             180 degree flip - decided to crowd-source a logo
            #SocialMediaFail: consumers didn’t want a new logo
             Lessons:
            1. Brands already have a live panel - it’s called Twitter
               and Facebook
            2. Social Media is great help for some concept devt
                   – Ask and you will get a response
                   – Don’t ask and you might get a surprise
            3. Don’t source community reactions after the event
            4. Evaluate community value early - then make research
               strategy decisions
            5. Use Social Media and other research tools to establish
               value community adds – Brandwatch, Radian6 etc
The New Research Marketplace
Hello Social!
The Role of Panels and Technology
The Marketplace




 Lots of services available for different applications and requirements
Questions vs. Answers
Tech vs. Communities
                            Answers
                                        Services for
                                        delivering
                                        Answers




                                      Social Communities

 Technology




  Tools for
  asking
  Questions     Questions
Structured vs. Unstructured
Panel vs. Social
  CRM/Review/Commerce Services           Structured
    Managed services                      Brand R&D Services
    Highly scalable                          Quick and scalable
    Service level agreements                 Assured response
                                             Structured assets (data manipulation)




 Panel (Managed)                                          Social (Unmanaged)
                                         Consumer Research
                                           Specific Q&A
                                           Social (media) responses
                                           Hard to manipulate
                                           Broad residual value (Google/SEO/
                                         Share-ability and PR)

                          Unstructured
Value
                                      Structured




      How can we help customers          How can we develop our back
             buy online?                         catalogue?
                                                      Social (Unmanaged)
 Panel (Managed)




                                            Who are the top Social Media
                                                      gurus?
                       Unstructured
Harnessing Social Media to Drive the Next
Generation of Panels
Toluna QuickSurveys
Social NPD: harnessing
toluna.com community traffic
 Context
 – Community loves to vote, share opinions and has massive scale
 – Brands and agencies need faster, more agile market research solutions
 Aims
 – Challenge low industry response rates and panel recruitment challenges
 – Increase engagement with members
 – Low cost, fast, scalable, sharable solution for brands, PR agencies, SMEs, students
 – Turn votes & opinions into a nimble, ‘pay per survey’ model
 Member engagement concepts:
 – Personal profiles
 – Member-created polls and debates
 – Real time poll results
 – Rate and follow members
 – Publish polls & opinions externally
 Richer member portraits
   Every vote or poll created or answered was added to profile


ALL the above allowed us to target surveys with a much higher level of precision
Toluna.com: the results
Creating community, not just membership
10,000 members in 1 country in 2003 to...4m members in 34 countries in 2010


            March 2009 7,288,603 votes by members

                   Dec 2010 1 million votes daily


                                                   “Do you Recycle to
      “Will you buy the                              feel less guilty
         new iPad?                                      about the
                                                     environment?”



  “Smokers, thinking
  about quitting, if so                                “Do you do your
        how?”                                          weekly food shop
                                                          online?”
TolunaQuick: harnessing
toluna.com community traffic
 Self-service platform - TolunaQuickSurveys
– Create 1-15 questions
– E-commerce engine – pay per click
– Fun and engaging templates
– Census rep algorithm
– Speed, cost and simplicity benefits

 Harnessed community traffic
– Surveys go on toluna.com
– 100-2,000 responses in hours
– See results live
– Share questions and results
– Use it for FREE with your crowd!
QuickSurveys: how it works




                             Create structured
                             questions (and
                             answers) with ability
                             to add rich media
                             content



                             Establish scope,
    Build surveys            region, size (and
   quickly from              credits)... and launch
   scratch with
   simple, intuitive
   interface
QuickSurveys: how it works




                                                Surveys can be distributed via email,
                                               Social Media, web page embeds and
                                               links for maximum shareability and
                                               awareness

                                                Free when using your own contacts /
                                               lists (viral)



   Immediate, rich reporting outputs - results can be
  shared on Social Networks, or downloaded (and reused)
  in a variety of standard formats
In action - Econsultancy




    Create a survey in the morning, publish blog posts and
                    reports within hours
Case Study:
Sony Music & Toluna


  - Fast turn around: Days rather than weeks

  - Cost effective way of surveying consumers
       - Test songs and videos
       - Plan back catalogue releases
       - Fast insight turnaround on short-deadline projects
       - Determine the feasibility of new products

  - Understanding our target market for certain products.

  - Multi-Territory surveys in native languages
How have we used Toluna in the past?
Case Study – Sony Music

Pre-Campaign
-Elvis Duets (International)
     - Targeting
     - Song Selection
     - Artist collaborations
     - Strongest potential territories

Market Success
- Lullaby Kids (UK)
     - Consumer’s opinions
     - Propensity to buy
     - Segmented targeting
     - Insight to instant returns

Filling the Gaps
- Media Channels & Song Testing (Australia)
     - Sony Music segments and Australian Newspapers
     - Song testing
     - Effective and simple
Moving Forward – Products and Services



  Toluna QuickSurveys2.0
  - Self service
  - Qualitative insights
  - Source data
  - Automated reports
  - Mapping our segments
  - Set age and gender targets
  - Cross tabbing questions
  - Embedded multimedia


  Online Communities
  - Fast quant turnaround
  - Branded environment
  - Online qualitative insight
  - Sharing surveys & reports
Toluna QuickSurveys2.0
Case Study – Willow Smith
2000 Respondents, 2 Territories, 2 Days

    What’s possible:
    - Combination of Quantitative and Qualitative data
    - Tag clouds to find themes with ease                   Favourite Image
    - Embedded multimedia
    - Automated reports: Excel, PowerPoint & PDF

    How we used it:
    - Objective: Is she for kids, adults or both?
    - Image Selection & Reasoning
    - Opinions about Willow
    - Video and Song Rating
    - How consumer heard about Willow                    “It makes her look more
                                                              energetic & fun.”




Video Rating
Thank you for your time
Do come and visit us on stand   MR3
mark.simon@toluna.com
Twitter: @marklsimon / @tolunaquick

justin.cohen@sonymusic.com
Twitter: @JustinMTL

More Related Content

What's hot

B2B Social Media – Moving Beyond the Hype
B2B Social Media – Moving Beyond the HypeB2B Social Media – Moving Beyond the Hype
B2B Social Media – Moving Beyond the HypeText100
 
Social Media: It's All About Relationships
Social Media: It's All About RelationshipsSocial Media: It's All About Relationships
Social Media: It's All About RelationshipsTina Lambert
 
SLS Social Media Presentation HiRes
SLS Social Media Presentation HiResSLS Social Media Presentation HiRes
SLS Social Media Presentation HiResStreet Level Studio
 
Constant Contact's Power of Social Media for Businesses and Email Marketing
Constant Contact's Power of Social Media for Businesses and Email MarketingConstant Contact's Power of Social Media for Businesses and Email Marketing
Constant Contact's Power of Social Media for Businesses and Email MarketingBreanna Gaddie
 
Meaningful Brand Measurement
Meaningful Brand MeasurementMeaningful Brand Measurement
Meaningful Brand MeasurementText100
 
Social Media Webcast Handouts 10.2.09
Social Media Webcast Handouts 10.2.09Social Media Webcast Handouts 10.2.09
Social Media Webcast Handouts 10.2.09Tina Lambert
 
Social Media For Km Round Table
Social Media   For Km Round TableSocial Media   For Km Round Table
Social Media For Km Round TableIan Farmer
 
Social Media For Km Round Table
Social Media   For Km Round TableSocial Media   For Km Round Table
Social Media For Km Round Tableguest82d551
 
Reel Actions: The Business Of Being Born event
Reel Actions: The Business Of Being Born eventReel Actions: The Business Of Being Born event
Reel Actions: The Business Of Being Born eventreelactions
 
Measuring social media - an overview
Measuring social media - an overviewMeasuring social media - an overview
Measuring social media - an overviewDana Chinn
 
Reel actions bobb presentation 201205
Reel actions bobb presentation 201205Reel actions bobb presentation 201205
Reel actions bobb presentation 201205reelactions
 
Community conference 2011 - Dell, Bill Johnston
Community conference 2011 - Dell, Bill JohnstonCommunity conference 2011 - Dell, Bill Johnston
Community conference 2011 - Dell, Bill JohnstonSeismonaut
 
Social Media For Good 19 Oct 2009
Social Media For Good 19 Oct 2009Social Media For Good 19 Oct 2009
Social Media For Good 19 Oct 2009jeffshah
 
From Interruption to Interaction
From Interruption to InteractionFrom Interruption to Interaction
From Interruption to InteractionJohn Olson
 
Marketing and media trends
Marketing and media trends  Marketing and media trends
Marketing and media trends Vinish Joshi
 
Social Media Webcast Slides
Social Media Webcast SlidesSocial Media Webcast Slides
Social Media Webcast SlidesTina Lambert
 

What's hot (18)

B2B Social Media – Moving Beyond the Hype
B2B Social Media – Moving Beyond the HypeB2B Social Media – Moving Beyond the Hype
B2B Social Media – Moving Beyond the Hype
 
Social Media: It's All About Relationships
Social Media: It's All About RelationshipsSocial Media: It's All About Relationships
Social Media: It's All About Relationships
 
SLS Social Media Presentation HiRes
SLS Social Media Presentation HiResSLS Social Media Presentation HiRes
SLS Social Media Presentation HiRes
 
Constant Contact's Power of Social Media for Businesses and Email Marketing
Constant Contact's Power of Social Media for Businesses and Email MarketingConstant Contact's Power of Social Media for Businesses and Email Marketing
Constant Contact's Power of Social Media for Businesses and Email Marketing
 
Universities and Social Media
Universities and Social MediaUniversities and Social Media
Universities and Social Media
 
Meaningful Brand Measurement
Meaningful Brand MeasurementMeaningful Brand Measurement
Meaningful Brand Measurement
 
Social Media Webcast Handouts 10.2.09
Social Media Webcast Handouts 10.2.09Social Media Webcast Handouts 10.2.09
Social Media Webcast Handouts 10.2.09
 
Social Media For Km Round Table
Social Media   For Km Round TableSocial Media   For Km Round Table
Social Media For Km Round Table
 
Social Media For Km Round Table
Social Media   For Km Round TableSocial Media   For Km Round Table
Social Media For Km Round Table
 
Reel Actions: The Business Of Being Born event
Reel Actions: The Business Of Being Born eventReel Actions: The Business Of Being Born event
Reel Actions: The Business Of Being Born event
 
Measuring social media - an overview
Measuring social media - an overviewMeasuring social media - an overview
Measuring social media - an overview
 
Social Media as a Fundraising Tool
Social Media as a Fundraising Tool Social Media as a Fundraising Tool
Social Media as a Fundraising Tool
 
Reel actions bobb presentation 201205
Reel actions bobb presentation 201205Reel actions bobb presentation 201205
Reel actions bobb presentation 201205
 
Community conference 2011 - Dell, Bill Johnston
Community conference 2011 - Dell, Bill JohnstonCommunity conference 2011 - Dell, Bill Johnston
Community conference 2011 - Dell, Bill Johnston
 
Social Media For Good 19 Oct 2009
Social Media For Good 19 Oct 2009Social Media For Good 19 Oct 2009
Social Media For Good 19 Oct 2009
 
From Interruption to Interaction
From Interruption to InteractionFrom Interruption to Interaction
From Interruption to Interaction
 
Marketing and media trends
Marketing and media trends  Marketing and media trends
Marketing and media trends
 
Social Media Webcast Slides
Social Media Webcast SlidesSocial Media Webcast Slides
Social Media Webcast Slides
 

Viewers also liked

IT Marketing – Should You Target B2C? Or B2B? (Slides)
IT Marketing – Should You Target B2C? Or B2B? (Slides)IT Marketing – Should You Target B2C? Or B2B? (Slides)
IT Marketing – Should You Target B2C? Or B2B? (Slides)SP Home Run Inc.
 
Role of mass media in b2 b and b2c marketing of electronic gadgets in lucknow...
Role of mass media in b2 b and b2c marketing of electronic gadgets in lucknow...Role of mass media in b2 b and b2c marketing of electronic gadgets in lucknow...
Role of mass media in b2 b and b2c marketing of electronic gadgets in lucknow...khanahmad0711
 
MARKETING STRATEGIES OF HCL CAREER DEVELOPMENT CENTRE
MARKETING STRATEGIES OF HCL CAREER DEVELOPMENT CENTREMARKETING STRATEGIES OF HCL CAREER DEVELOPMENT CENTRE
MARKETING STRATEGIES OF HCL CAREER DEVELOPMENT CENTRENaved Hasan
 
Hcl summer internship project A STUDY ON CONSUMER BEHAVIOR
Hcl summer internship project A STUDY ON CONSUMER BEHAVIORHcl summer internship project A STUDY ON CONSUMER BEHAVIOR
Hcl summer internship project A STUDY ON CONSUMER BEHAVIORvikramkr3116
 
Content Marketing for B2B: Aligning Storytelling to Lead Generation
Content Marketing for B2B: Aligning Storytelling to Lead GenerationContent Marketing for B2B: Aligning Storytelling to Lead Generation
Content Marketing for B2B: Aligning Storytelling to Lead GenerationDigital Vidya
 
Project Report (Marketing) At Hcl
Project Report (Marketing) At HclProject Report (Marketing) At Hcl
Project Report (Marketing) At Hclguest4a0c325
 
MARKETING STRATEGY & CUSTOMER SATISFACTION OF BIG BAZAAR
MARKETING STRATEGY & CUSTOMER SATISFACTION OF BIG BAZAARMARKETING STRATEGY & CUSTOMER SATISFACTION OF BIG BAZAAR
MARKETING STRATEGY & CUSTOMER SATISFACTION OF BIG BAZAARSoumeet Sarkar
 

Viewers also liked (7)

IT Marketing – Should You Target B2C? Or B2B? (Slides)
IT Marketing – Should You Target B2C? Or B2B? (Slides)IT Marketing – Should You Target B2C? Or B2B? (Slides)
IT Marketing – Should You Target B2C? Or B2B? (Slides)
 
Role of mass media in b2 b and b2c marketing of electronic gadgets in lucknow...
Role of mass media in b2 b and b2c marketing of electronic gadgets in lucknow...Role of mass media in b2 b and b2c marketing of electronic gadgets in lucknow...
Role of mass media in b2 b and b2c marketing of electronic gadgets in lucknow...
 
MARKETING STRATEGIES OF HCL CAREER DEVELOPMENT CENTRE
MARKETING STRATEGIES OF HCL CAREER DEVELOPMENT CENTREMARKETING STRATEGIES OF HCL CAREER DEVELOPMENT CENTRE
MARKETING STRATEGIES OF HCL CAREER DEVELOPMENT CENTRE
 
Hcl summer internship project A STUDY ON CONSUMER BEHAVIOR
Hcl summer internship project A STUDY ON CONSUMER BEHAVIORHcl summer internship project A STUDY ON CONSUMER BEHAVIOR
Hcl summer internship project A STUDY ON CONSUMER BEHAVIOR
 
Content Marketing for B2B: Aligning Storytelling to Lead Generation
Content Marketing for B2B: Aligning Storytelling to Lead GenerationContent Marketing for B2B: Aligning Storytelling to Lead Generation
Content Marketing for B2B: Aligning Storytelling to Lead Generation
 
Project Report (Marketing) At Hcl
Project Report (Marketing) At HclProject Report (Marketing) At Hcl
Project Report (Marketing) At Hcl
 
MARKETING STRATEGY & CUSTOMER SATISFACTION OF BIG BAZAAR
MARKETING STRATEGY & CUSTOMER SATISFACTION OF BIG BAZAARMARKETING STRATEGY & CUSTOMER SATISFACTION OF BIG BAZAAR
MARKETING STRATEGY & CUSTOMER SATISFACTION OF BIG BAZAAR
 

Similar to Harness Social Media for Effective B2C Marketing Research

The Democratisation
The Democratisation The Democratisation
The Democratisation TolunaQuick
 
Toluna quicksurveys2 0 launch presentation
Toluna quicksurveys2 0 launch presentationToluna quicksurveys2 0 launch presentation
Toluna quicksurveys2 0 launch presentationTolunaQuick
 
Toluna Online
Toluna Online Toluna Online
Toluna Online Mark Simon
 
Web 2.0 and customer service
Web 2.0 and customer serviceWeb 2.0 and customer service
Web 2.0 and customer serviceMichele Ide-Smith
 
Creating Sustained Customer Insight
Creating Sustained Customer InsightCreating Sustained Customer Insight
Creating Sustained Customer InsightDarren Sharp
 
Using LinkedIn for Product Management
Using LinkedIn for Product ManagementUsing LinkedIn for Product Management
Using LinkedIn for Product ManagementPinkesh Shah
 
Enterprise Social Media - by KME Internet Marketing of DC
Enterprise Social Media - by KME Internet Marketing of DCEnterprise Social Media - by KME Internet Marketing of DC
Enterprise Social Media - by KME Internet Marketing of DCKME Internet Marketing
 
Social Media: A Look Ahead
Social Media: A Look AheadSocial Media: A Look Ahead
Social Media: A Look AheadLynne d Johnson
 
The Science Of Social Media Marketing
The Science Of Social Media MarketingThe Science Of Social Media Marketing
The Science Of Social Media MarketingAlbano Masino
 
Digital Glasgow Day 2 Session 2 Social Media Listening to Support Internation...
Digital Glasgow Day 2 Session 2 Social Media Listening to Support Internation...Digital Glasgow Day 2 Session 2 Social Media Listening to Support Internation...
Digital Glasgow Day 2 Session 2 Social Media Listening to Support Internation...Hamill Associates Ltd
 
Enterprise Social 2.0 March 2011
Enterprise Social 2.0 March 2011Enterprise Social 2.0 March 2011
Enterprise Social 2.0 March 2011Mark Simon
 
Social Media for Sustained Business Growth
Social Media for Sustained Business GrowthSocial Media for Sustained Business Growth
Social Media for Sustained Business GrowthHamill Associates Ltd
 
Strathclyde MBA Social Media Class, Bahrain August 2012
Strathclyde MBA Social Media Class, Bahrain August 2012Strathclyde MBA Social Media Class, Bahrain August 2012
Strathclyde MBA Social Media Class, Bahrain August 2012Hamill Associates Ltd
 
Monitoring Measuring Social Media
Monitoring Measuring Social MediaMonitoring Measuring Social Media
Monitoring Measuring Social MediaSean Moffitt
 
Losing Control In Qualitative Research
Losing Control In Qualitative ResearchLosing Control In Qualitative Research
Losing Control In Qualitative ResearchLatitude Insights
 
SBS MBA/MBM Class, Social Media: Strategy and Management, May 2012
SBS MBA/MBM Class, Social Media: Strategy and Management, May 2012SBS MBA/MBM Class, Social Media: Strategy and Management, May 2012
SBS MBA/MBM Class, Social Media: Strategy and Management, May 2012Hamill Associates Ltd
 
IPHA PRESENTATION 1.12
IPHA PRESENTATION 1.12IPHA PRESENTATION 1.12
IPHA PRESENTATION 1.12JodiDartIPHA
 

Similar to Harness Social Media for Effective B2C Marketing Research (20)

The Democratisation
The Democratisation The Democratisation
The Democratisation
 
Toluna quicksurveys2 0 launch presentation
Toluna quicksurveys2 0 launch presentationToluna quicksurveys2 0 launch presentation
Toluna quicksurveys2 0 launch presentation
 
Toluna Online
Toluna Online Toluna Online
Toluna Online
 
Web 2.0 and customer service
Web 2.0 and customer serviceWeb 2.0 and customer service
Web 2.0 and customer service
 
Creating Sustained Customer Insight
Creating Sustained Customer InsightCreating Sustained Customer Insight
Creating Sustained Customer Insight
 
Using LinkedIn for Product Management
Using LinkedIn for Product ManagementUsing LinkedIn for Product Management
Using LinkedIn for Product Management
 
Enterprise Social Media - by KME Internet Marketing of DC
Enterprise Social Media - by KME Internet Marketing of DCEnterprise Social Media - by KME Internet Marketing of DC
Enterprise Social Media - by KME Internet Marketing of DC
 
Social Media: A Look Ahead
Social Media: A Look AheadSocial Media: A Look Ahead
Social Media: A Look Ahead
 
Alan Stevenson Session 2
Alan Stevenson Session 2Alan Stevenson Session 2
Alan Stevenson Session 2
 
The Science Of Social Media Marketing
The Science Of Social Media MarketingThe Science Of Social Media Marketing
The Science Of Social Media Marketing
 
Connected Research Workshop
Connected Research WorkshopConnected Research Workshop
Connected Research Workshop
 
Digital Glasgow Day 2 Session 2 Social Media Listening to Support Internation...
Digital Glasgow Day 2 Session 2 Social Media Listening to Support Internation...Digital Glasgow Day 2 Session 2 Social Media Listening to Support Internation...
Digital Glasgow Day 2 Session 2 Social Media Listening to Support Internation...
 
Enterprise Social 2.0 March 2011
Enterprise Social 2.0 March 2011Enterprise Social 2.0 March 2011
Enterprise Social 2.0 March 2011
 
Carolines Presentaion
Carolines PresentaionCarolines Presentaion
Carolines Presentaion
 
Social Media for Sustained Business Growth
Social Media for Sustained Business GrowthSocial Media for Sustained Business Growth
Social Media for Sustained Business Growth
 
Strathclyde MBA Social Media Class, Bahrain August 2012
Strathclyde MBA Social Media Class, Bahrain August 2012Strathclyde MBA Social Media Class, Bahrain August 2012
Strathclyde MBA Social Media Class, Bahrain August 2012
 
Monitoring Measuring Social Media
Monitoring Measuring Social MediaMonitoring Measuring Social Media
Monitoring Measuring Social Media
 
Losing Control In Qualitative Research
Losing Control In Qualitative ResearchLosing Control In Qualitative Research
Losing Control In Qualitative Research
 
SBS MBA/MBM Class, Social Media: Strategy and Management, May 2012
SBS MBA/MBM Class, Social Media: Strategy and Management, May 2012SBS MBA/MBM Class, Social Media: Strategy and Management, May 2012
SBS MBA/MBM Class, Social Media: Strategy and Management, May 2012
 
IPHA PRESENTATION 1.12
IPHA PRESENTATION 1.12IPHA PRESENTATION 1.12
IPHA PRESENTATION 1.12
 

Recently uploaded

Data Analytics Strategy Toolkit and Templates
Data Analytics Strategy Toolkit and TemplatesData Analytics Strategy Toolkit and Templates
Data Analytics Strategy Toolkit and TemplatesAurelien Domont, MBA
 
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdftrending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdfMintel Group
 
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...ssuserf63bd7
 
Environmental Impact Of Rotary Screw Compressors
Environmental Impact Of Rotary Screw CompressorsEnvironmental Impact Of Rotary Screw Compressors
Environmental Impact Of Rotary Screw Compressorselgieurope
 
Jewish Resources in the Family Resource Centre
Jewish Resources in the Family Resource CentreJewish Resources in the Family Resource Centre
Jewish Resources in the Family Resource CentreNZSG
 
Planetary and Vedic Yagyas Bring Positive Impacts in Life
Planetary and Vedic Yagyas Bring Positive Impacts in LifePlanetary and Vedic Yagyas Bring Positive Impacts in Life
Planetary and Vedic Yagyas Bring Positive Impacts in LifeBhavana Pujan Kendra
 
Excvation Safety for safety officers reference
Excvation Safety for safety officers referenceExcvation Safety for safety officers reference
Excvation Safety for safety officers referencessuser2c065e
 
Implementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptxImplementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptxRich Reba
 
NAB Show Exhibitor List 2024 - Exhibitors Data
NAB Show Exhibitor List 2024 - Exhibitors DataNAB Show Exhibitor List 2024 - Exhibitors Data
NAB Show Exhibitor List 2024 - Exhibitors DataExhibitors Data
 
Customizable Contents Restoration Training
Customizable Contents Restoration TrainingCustomizable Contents Restoration Training
Customizable Contents Restoration TrainingCalvinarnold843
 
Introducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applicationsIntroducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applicationsKnowledgeSeed
 
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...Operational Excellence Consulting
 
Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Peter Ward
 
WSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdfWSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdfJamesConcepcion7
 
Appkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptxAppkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptxappkodes
 
Features of a Call Recorder Spy App for Android.pdf
Features of a Call Recorder Spy App for Android.pdfFeatures of a Call Recorder Spy App for Android.pdf
Features of a Call Recorder Spy App for Android.pdfOne Monitar
 
Interoperability and ecosystems: Assembling the industrial metaverse
Interoperability and ecosystems:  Assembling the industrial metaverseInteroperability and ecosystems:  Assembling the industrial metaverse
Interoperability and ecosystems: Assembling the industrial metaverseSiemens
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdfShaun Heinrichs
 
WSMM Technology February.March Newsletter_vF.pdf
WSMM Technology February.March Newsletter_vF.pdfWSMM Technology February.March Newsletter_vF.pdf
WSMM Technology February.March Newsletter_vF.pdfJamesConcepcion7
 
Psychic Reading | Spiritual Guidance – Astro Ganesh Ji
Psychic Reading | Spiritual Guidance – Astro Ganesh JiPsychic Reading | Spiritual Guidance – Astro Ganesh Ji
Psychic Reading | Spiritual Guidance – Astro Ganesh Jiastral oracle
 

Recently uploaded (20)

Data Analytics Strategy Toolkit and Templates
Data Analytics Strategy Toolkit and TemplatesData Analytics Strategy Toolkit and Templates
Data Analytics Strategy Toolkit and Templates
 
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdftrending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
 
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
 
Environmental Impact Of Rotary Screw Compressors
Environmental Impact Of Rotary Screw CompressorsEnvironmental Impact Of Rotary Screw Compressors
Environmental Impact Of Rotary Screw Compressors
 
Jewish Resources in the Family Resource Centre
Jewish Resources in the Family Resource CentreJewish Resources in the Family Resource Centre
Jewish Resources in the Family Resource Centre
 
Planetary and Vedic Yagyas Bring Positive Impacts in Life
Planetary and Vedic Yagyas Bring Positive Impacts in LifePlanetary and Vedic Yagyas Bring Positive Impacts in Life
Planetary and Vedic Yagyas Bring Positive Impacts in Life
 
Excvation Safety for safety officers reference
Excvation Safety for safety officers referenceExcvation Safety for safety officers reference
Excvation Safety for safety officers reference
 
Implementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptxImplementing Exponential Accelerators.pptx
Implementing Exponential Accelerators.pptx
 
NAB Show Exhibitor List 2024 - Exhibitors Data
NAB Show Exhibitor List 2024 - Exhibitors DataNAB Show Exhibitor List 2024 - Exhibitors Data
NAB Show Exhibitor List 2024 - Exhibitors Data
 
Customizable Contents Restoration Training
Customizable Contents Restoration TrainingCustomizable Contents Restoration Training
Customizable Contents Restoration Training
 
Introducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applicationsIntroducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applications
 
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...
 
Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...
 
WSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdfWSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdf
 
Appkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptxAppkodes Tinder Clone Script with Customisable Solutions.pptx
Appkodes Tinder Clone Script with Customisable Solutions.pptx
 
Features of a Call Recorder Spy App for Android.pdf
Features of a Call Recorder Spy App for Android.pdfFeatures of a Call Recorder Spy App for Android.pdf
Features of a Call Recorder Spy App for Android.pdf
 
Interoperability and ecosystems: Assembling the industrial metaverse
Interoperability and ecosystems:  Assembling the industrial metaverseInteroperability and ecosystems:  Assembling the industrial metaverse
Interoperability and ecosystems: Assembling the industrial metaverse
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf
 
WSMM Technology February.March Newsletter_vF.pdf
WSMM Technology February.March Newsletter_vF.pdfWSMM Technology February.March Newsletter_vF.pdf
WSMM Technology February.March Newsletter_vF.pdf
 
Psychic Reading | Spiritual Guidance – Astro Ganesh Ji
Psychic Reading | Spiritual Guidance – Astro Ganesh JiPsychic Reading | Spiritual Guidance – Astro Ganesh Ji
Psychic Reading | Spiritual Guidance – Astro Ganesh Ji
 

Harness Social Media for Effective B2C Marketing Research

  • 1. Strategies for Harnessing Social Media for Effective B2C Marketing Research and Product Development Mark Simon, Managing Director, Toluna UK Justin Cohen, Planning & Insight Consultant, Sony Music TFM&A, 2nd March 2011
  • 2. Agenda Social changes everything! Getting it wrong… The Marketplace Toluna QuickSurveys Case study: Sony Music
  • 4. Online behaviours are changing Infographic from Flowtown ‘My Mom is on Facebook?’
  • 5. Getting Answers to Make Better Decisions Traditional market research approaches plus: 1. Social networking sites or blogs 2. Research sites for interaction on a large scale 3. VIP communities
  • 6. Survey-taking behaviours are changing Response rates to survey invites are declining – Email overload – Untargeted, poorly designed and lengthy surveys – Our time and attention is limited: better stuff to do elsewhere on web Monetary incentives only are not the solution... – People always looking for the next best offer – spiral of decline – Social rewards make big sites work: Yahoo Answers, Wikipedia, etc. – Financial incentives – survey completion – Social incentives – site stickiness, traffic
  • 7. Reliable survey completion: Model needs to evolve Email Lists Online Panels Panel Social Communities Media Allow member participation & creation of content – Discussion forums, blogs, personal pages, member polling & ratings, online focus groups, live chat & wikis Participation driven by ego / reward / curiosity – Sharing of results and impact with the community, member visibility – ‘I made a difference’ NOT - ‘I got paid’ – Give respondents a seat at the decision-making table
  • 9. Gap Logo: Social Media Fail? No community research for rebranding => SM backlash 180 degree flip - decided to crowd-source a logo #SocialMediaFail: consumers didn’t want a new logo Lessons: 1. Brands already have a live panel - it’s called Twitter and Facebook 2. Social Media is great help for some concept devt – Ask and you will get a response – Don’t ask and you might get a surprise 3. Don’t source community reactions after the event 4. Evaluate community value early - then make research strategy decisions 5. Use Social Media and other research tools to establish value community adds – Brandwatch, Radian6 etc
  • 10. The New Research Marketplace Hello Social! The Role of Panels and Technology
  • 11. The Marketplace Lots of services available for different applications and requirements
  • 12. Questions vs. Answers Tech vs. Communities Answers Services for delivering Answers Social Communities Technology Tools for asking Questions Questions
  • 13. Structured vs. Unstructured Panel vs. Social CRM/Review/Commerce Services Structured Managed services Brand R&D Services Highly scalable Quick and scalable Service level agreements Assured response Structured assets (data manipulation) Panel (Managed) Social (Unmanaged) Consumer Research Specific Q&A Social (media) responses Hard to manipulate Broad residual value (Google/SEO/ Share-ability and PR) Unstructured
  • 14. Value Structured How can we help customers How can we develop our back buy online? catalogue? Social (Unmanaged) Panel (Managed) Who are the top Social Media gurus? Unstructured
  • 15. Harnessing Social Media to Drive the Next Generation of Panels Toluna QuickSurveys
  • 16. Social NPD: harnessing toluna.com community traffic Context – Community loves to vote, share opinions and has massive scale – Brands and agencies need faster, more agile market research solutions Aims – Challenge low industry response rates and panel recruitment challenges – Increase engagement with members – Low cost, fast, scalable, sharable solution for brands, PR agencies, SMEs, students – Turn votes & opinions into a nimble, ‘pay per survey’ model Member engagement concepts: – Personal profiles – Member-created polls and debates – Real time poll results – Rate and follow members – Publish polls & opinions externally Richer member portraits Every vote or poll created or answered was added to profile ALL the above allowed us to target surveys with a much higher level of precision
  • 17. Toluna.com: the results Creating community, not just membership 10,000 members in 1 country in 2003 to...4m members in 34 countries in 2010 March 2009 7,288,603 votes by members Dec 2010 1 million votes daily “Do you Recycle to “Will you buy the feel less guilty new iPad? about the environment?” “Smokers, thinking about quitting, if so “Do you do your how?” weekly food shop online?”
  • 18. TolunaQuick: harnessing toluna.com community traffic Self-service platform - TolunaQuickSurveys – Create 1-15 questions – E-commerce engine – pay per click – Fun and engaging templates – Census rep algorithm – Speed, cost and simplicity benefits Harnessed community traffic – Surveys go on toluna.com – 100-2,000 responses in hours – See results live – Share questions and results – Use it for FREE with your crowd!
  • 19. QuickSurveys: how it works Create structured questions (and answers) with ability to add rich media content Establish scope, Build surveys region, size (and quickly from credits)... and launch scratch with simple, intuitive interface
  • 20. QuickSurveys: how it works Surveys can be distributed via email, Social Media, web page embeds and links for maximum shareability and awareness Free when using your own contacts / lists (viral) Immediate, rich reporting outputs - results can be shared on Social Networks, or downloaded (and reused) in a variety of standard formats
  • 21. In action - Econsultancy Create a survey in the morning, publish blog posts and reports within hours
  • 23. Sony Music & Toluna - Fast turn around: Days rather than weeks - Cost effective way of surveying consumers - Test songs and videos - Plan back catalogue releases - Fast insight turnaround on short-deadline projects - Determine the feasibility of new products - Understanding our target market for certain products. - Multi-Territory surveys in native languages
  • 24. How have we used Toluna in the past? Case Study – Sony Music Pre-Campaign -Elvis Duets (International) - Targeting - Song Selection - Artist collaborations - Strongest potential territories Market Success - Lullaby Kids (UK) - Consumer’s opinions - Propensity to buy - Segmented targeting - Insight to instant returns Filling the Gaps - Media Channels & Song Testing (Australia) - Sony Music segments and Australian Newspapers - Song testing - Effective and simple
  • 25. Moving Forward – Products and Services Toluna QuickSurveys2.0 - Self service - Qualitative insights - Source data - Automated reports - Mapping our segments - Set age and gender targets - Cross tabbing questions - Embedded multimedia Online Communities - Fast quant turnaround - Branded environment - Online qualitative insight - Sharing surveys & reports
  • 26. Toluna QuickSurveys2.0 Case Study – Willow Smith 2000 Respondents, 2 Territories, 2 Days What’s possible: - Combination of Quantitative and Qualitative data - Tag clouds to find themes with ease Favourite Image - Embedded multimedia - Automated reports: Excel, PowerPoint & PDF How we used it: - Objective: Is she for kids, adults or both? - Image Selection & Reasoning - Opinions about Willow - Video and Song Rating - How consumer heard about Willow “It makes her look more energetic & fun.” Video Rating
  • 27. Thank you for your time Do come and visit us on stand MR3 mark.simon@toluna.com Twitter: @marklsimon / @tolunaquick justin.cohen@sonymusic.com Twitter: @JustinMTL