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Using UX Thinking to Accurately Measure Value

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Using UX Thinking to Accurately Measure Value

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Value – what marketing exists to deliver – is measured by consumers’ willingness-to-pay for a brand. Currently, poor research UX means existing willingness-to-pay methods don’t allow marketers to measure if they actually deliver value.

This presentation was part of the online Festival of NewMR series.
Presented by Jack Miles and Matthew Hellon from Northstar Research.

Value – what marketing exists to deliver – is measured by consumers’ willingness-to-pay for a brand. Currently, poor research UX means existing willingness-to-pay methods don’t allow marketers to measure if they actually deliver value.

This presentation was part of the online Festival of NewMR series.
Presented by Jack Miles and Matthew Hellon from Northstar Research.

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Using UX Thinking to Accurately Measure Value

  1. 1. Using UX Thinking to Accurately Measure Value Jack Miles and Matthew Hellon Northstar Research The Festival of NewMR, March 2020 Jack Miles Matthew Hellon
  2. 2. Sponsors Gold Silver The Festival of NewMR, March 2020
  3. 3. Why does marketing exist? Advertising Brands Products Value
  4. 4. How to not measure value Imagery Appeal Purchase Intent Recommendation
  5. 5. These metrics don’t matter to the most important people Customers Corporate leaders
  6. 6. So what metrics matter? Customers Corporate leaders How much I am willing to pay How much money I can make
  7. 7. But don’t researchers already measure willingness-to-pay? Yes, but with significant methodological downfalls: Open Ended Questions Inaccurate Conjoint Complicated Van Westerndorp Inaccurate and complicated Poor data quality due to the unengaging way they collect data
  8. 8. Research can’t measure how successfully marketers deliver on their sole purpose and to better deliver on it This is a HUGE problem
  9. 9. Least of all, because it limits how much value research can provide businesses
  10. 10. Until now. Enter UX and behavioural science….
  11. 11. Typical Market Research Thinking +VS
  12. 12. improve participant engagement
  13. 13. What is UX? How can UX benefit value measurement? Increased enjoyment + = The experience a user goes through when interacting with something Onboarding design Better quality outputs
  14. 14. improve participant engagement generate more realistic answers
  15. 15. What is Behavioural Science? How can Behavioural Science benefit value measurement? The study of how and why people behave the way they do Wisdom of the crowd + = Incentivization methods Better predictors of actual behavior
  16. 16. UX and behavioural science are combined to help marketers better measure, and create value, in That’s Too Much
  17. 17. improve participant engagement generate more realistic answers create value
  18. 18. How to create value with experimental design Control Value Creation Opportunity Value Creation Opportunity Value Creation Opportunity
  19. 19. improve participant engagement generate more realistic answers create value be valuable
  20. 20. Support marketing’s imperative Measure what matters Look to UX and behavioural science to do this Measurement – valuable. Creation – invaluable
  21. 21. Jack Miles Northstar Research Matthew Hellon Northstar Research Q&A The Festival of NewMR, March 2020 Ray Poynter NewMR
  22. 22. Sponsors Gold Silver The Festival of NewMR, March 2020

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