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Research
for 2 ½
 hours!
 UGH!
Why “Invest” in research?

1.Your clients trust you to make a
 difference in their business.
2.Better results.
3.Less churn.
4.Better inventory control.
5.Don’t fall in commodity trap.
Written by the cofounders of Fallon Worldwide,
                           one of the world’s most critically acclaimed,
                               creatively driven branding companies.

                                        Purpose of book
                                To explain how creative leverage
                                    can guide you in solving
                                    marketing and branding
                                           problems.




   BMW short films
  Holiday Inn Express
Lee Jeans – “Buddy Lee”
 EDS – “Herding Cats”
          Citi
     United Airlines
… communication in
every medium old and
new can be
tremendously effective
if the work is backed
up by insightful
research, rigorous
strategy, and the right
execution.
How do you present research?
       Dan         Irene        Paula        Mike        Carl        Wendy
       Data        Index      Percentage    Multiple    Concept      Willing
      Dumper      Thrower      Projector    Musician   Commander     Wisdom
        |             |            |           |           |            |


Dan – the “Data Dumper” – “Here is some great information our research staff ran.”
Irene – the “Index Thrower” – “The index for this is great. It is way over 100.”
Paula – the “Percentage Projector” – “The vertical is extremely high for this group.”
Mike – the “Multiple Musician” – “This group represents any vertical % over 20%.”
Carl – the “Concept Commander” – “Combining these together we get a great index”

Wendy – the “Willing Wisdom” – “We have uncovered two highly
      motivated groups of customers who are heavy users of your
      products.”
Knowledge is a process of piling up facts;
  wisdom lies in their simplification.
Survey: SimmonsLocal Spring 2006
Tampa/St. Petersburg
Total Population
These days people seek knowledge, not wisdom.
Knowledge is of the past, wisdom is of the future.

     Spring 2006              This needs to
      Last Year
   Purchased last 30             work!
         days
Biggest issues executives face
     in the marketplace

           1.How do we differentiate
             ourselves from the
             competition?

           2. How do we consistently
             create and sell value
             rather than get stuck
             selling price?
Citi Bank - saw the dangers of the commodity trap and was
committed to find a way to break out.


The agency problem – looking at customer’s contact
point with the bank rather than digging deeper into the
reason they needed a bank in the first place.

    Research Discovered Balance Seekers
         (Life Goals verses Money)
The big lesson -- You’ve got to be relentless in
your interrogation of the target market until you
find the proprietary advantage.
Citi Bank - saw the dangers of the commodity trap and was
 committed to find a way to break out.

                 Life Goals vs. $$$$$
                            TV Ad Copy
               A sure way to get rich.
               Count your blessings.
               There’s more to life than money.
               There’s a bank that understands that.
               Citi. Live richly.

                             Results:
• Credit card acquisition went up by 30%
• Equity loan applications increased by 14%
• Small business card accounts rose 20%
Long Bar Research Tip
#1 To present “Wisdom”
turn the research into a
person.
      “Before we could build a communications
 program, we needed to bring the balance seeker
to life. We did an exercise we often do: based on
the abstract characteristics we had identified, we
      imagined describing that person as our
                    neighbor.”
Purina Dog Chow

• Goal – to discover what really drove a dog owner’s
buying choice. They discovered something remarkable:
that they could divide the world into two groups.

• 1st group fed their pets a steady diet of one brand of
dog food. (breeders, hunters, and trainers)

• 2nd group treated their dogs as family members. People
in this group picked up a different bag of food every time
they went to the store.
Purina Dog Chow

                          Result:
When people learned that a steady diet was better for
their dog, they naturally stopped sampling and bought
only one brand. Because they knew and trusted the
Purina brand, in many cases they bought Dog Chow.

In the first 2 years of the campaign, sales grew 12
percent each year. That’s forty-five tons of dog food,
contributing $35 million in additional revenue with no
change in pricing or distribution.
Long Bar Research Tip #2
Most companies will have
a minimum of at least two
target audience(s).
Research Discovered 5 different targets

Each target had its own information needs
and shopping preferences. Best Buy
revamped their entire operation to serve
those 5 targets.
Listen Hard to Your Customers
         – then listen some more

The only way out of the commodity
trap is to listen to your customers
so you can improve the value
proposition without lowering price.
WE HELP OUR CLIENTS BY
     LISTENING TO
   THEIR CUSTOMERS
         THRU
QUALITATIVE RESEARCH!
Research Discovered Balance Seekers
Balance Seekers cut across all demographic lines of
           age, income, and education



Long Bar Research Tip #3
Don’t start Qualitative research
with a demo group. You will be
hurting your customer!
11th Rock Solid Rule

       Successful salespeople
        understand what they
          really sell, because,
           first and foremost,
         they understand who
          the customer is and
        what they really want.
Presenting a Creative Idea

 The door to most business people's right brain
is through their left brain. First the smart then
the exciting, (The consumer, ironically wants it
just the other way around)
Left Brain … First the smart, then the exciting




  •Responsible for awareness of time, sequence, details, and order
•Specializes in words, logic, analytical thinking, reading and writing
Long Bar Research Tip #5
Start your “research”
presentation with “facts” that
your audience will agree with.
It helps to build credibility.
Ok..
It’s time
    to
DRINK!

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How To Sell Using Research Knowledge To Wisdom

  • 1.
  • 2. Research for 2 ½ hours! UGH!
  • 3. Why “Invest” in research? 1.Your clients trust you to make a difference in their business. 2.Better results. 3.Less churn. 4.Better inventory control. 5.Don’t fall in commodity trap.
  • 4. Written by the cofounders of Fallon Worldwide, one of the world’s most critically acclaimed, creatively driven branding companies. Purpose of book To explain how creative leverage can guide you in solving marketing and branding problems. BMW short films Holiday Inn Express Lee Jeans – “Buddy Lee” EDS – “Herding Cats” Citi United Airlines
  • 5. … communication in every medium old and new can be tremendously effective if the work is backed up by insightful research, rigorous strategy, and the right execution.
  • 6. How do you present research? Dan Irene Paula Mike Carl Wendy Data Index Percentage Multiple Concept Willing Dumper Thrower Projector Musician Commander Wisdom | | | | | | Dan – the “Data Dumper” – “Here is some great information our research staff ran.” Irene – the “Index Thrower” – “The index for this is great. It is way over 100.” Paula – the “Percentage Projector” – “The vertical is extremely high for this group.” Mike – the “Multiple Musician” – “This group represents any vertical % over 20%.” Carl – the “Concept Commander” – “Combining these together we get a great index” Wendy – the “Willing Wisdom” – “We have uncovered two highly motivated groups of customers who are heavy users of your products.”
  • 7. Knowledge is a process of piling up facts; wisdom lies in their simplification.
  • 8. Survey: SimmonsLocal Spring 2006 Tampa/St. Petersburg Total Population
  • 9. These days people seek knowledge, not wisdom. Knowledge is of the past, wisdom is of the future. Spring 2006 This needs to Last Year Purchased last 30 work! days
  • 10. Biggest issues executives face in the marketplace 1.How do we differentiate ourselves from the competition? 2. How do we consistently create and sell value rather than get stuck selling price?
  • 11. Citi Bank - saw the dangers of the commodity trap and was committed to find a way to break out. The agency problem – looking at customer’s contact point with the bank rather than digging deeper into the reason they needed a bank in the first place. Research Discovered Balance Seekers (Life Goals verses Money) The big lesson -- You’ve got to be relentless in your interrogation of the target market until you find the proprietary advantage.
  • 12. Citi Bank - saw the dangers of the commodity trap and was committed to find a way to break out. Life Goals vs. $$$$$ TV Ad Copy A sure way to get rich. Count your blessings. There’s more to life than money. There’s a bank that understands that. Citi. Live richly. Results: • Credit card acquisition went up by 30% • Equity loan applications increased by 14% • Small business card accounts rose 20%
  • 13. Long Bar Research Tip #1 To present “Wisdom” turn the research into a person. “Before we could build a communications program, we needed to bring the balance seeker to life. We did an exercise we often do: based on the abstract characteristics we had identified, we imagined describing that person as our neighbor.”
  • 14. Purina Dog Chow • Goal – to discover what really drove a dog owner’s buying choice. They discovered something remarkable: that they could divide the world into two groups. • 1st group fed their pets a steady diet of one brand of dog food. (breeders, hunters, and trainers) • 2nd group treated their dogs as family members. People in this group picked up a different bag of food every time they went to the store.
  • 15. Purina Dog Chow Result: When people learned that a steady diet was better for their dog, they naturally stopped sampling and bought only one brand. Because they knew and trusted the Purina brand, in many cases they bought Dog Chow. In the first 2 years of the campaign, sales grew 12 percent each year. That’s forty-five tons of dog food, contributing $35 million in additional revenue with no change in pricing or distribution.
  • 16. Long Bar Research Tip #2 Most companies will have a minimum of at least two target audience(s).
  • 17. Research Discovered 5 different targets Each target had its own information needs and shopping preferences. Best Buy revamped their entire operation to serve those 5 targets.
  • 18. Listen Hard to Your Customers – then listen some more The only way out of the commodity trap is to listen to your customers so you can improve the value proposition without lowering price.
  • 19. WE HELP OUR CLIENTS BY LISTENING TO THEIR CUSTOMERS THRU QUALITATIVE RESEARCH!
  • 20. Research Discovered Balance Seekers Balance Seekers cut across all demographic lines of age, income, and education Long Bar Research Tip #3 Don’t start Qualitative research with a demo group. You will be hurting your customer!
  • 21.
  • 22. 11th Rock Solid Rule Successful salespeople understand what they really sell, because, first and foremost, they understand who the customer is and what they really want.
  • 23. Presenting a Creative Idea The door to most business people's right brain is through their left brain. First the smart then the exciting, (The consumer, ironically wants it just the other way around)
  • 24. Left Brain … First the smart, then the exciting •Responsible for awareness of time, sequence, details, and order •Specializes in words, logic, analytical thinking, reading and writing
  • 25. Long Bar Research Tip #5 Start your “research” presentation with “facts” that your audience will agree with. It helps to build credibility.
  • 26. Ok.. It’s time to DRINK!

Editor's Notes

  1. Good morning. Did everyone have a good time last night? This mornings session is entitled, “Knowledge to Wisdom thru Research” However, before we get started I would like to tell you about a discussion I overheard between our very own, Tom Byrnes and NCC’s SVP of Research Jeff bhomen. Tom did a great job of describing the differences between sales and research and he was extremely articulate in his defense. I thought I would play a brief exert from the discussion.