SlideShare a Scribd company logo
1 of 2
Download to read offline
11 Main Street | Southborough, MA 01772 | 508.691.6004 | Info@ResearchRockstar.com
www.ResearchRockstar.com
A Research Rockstar Article
Santa Doesn’t Live Here:
Don’t Oversell Market Research
Imagine a six year old who truly believes Santa grants all wishes. Even though he lives in a sixth-
floor Chicago walkup, this child firmly believes Santa will come down the (nonexistent) chimney and
leave a pony under the Christmas tree. Imagine the tears on Christmas morning when there’s no pony.
Most of us have experienced the feeling of being oversold, whether in business or in our personal
lives. It’s painful. And it’s the last thing you want your internal colleagues, team members, or other
associates to feel at the end of a market research project.
Unfortunately, it happens. Maybe the results were unexpected, maybe the scope or methodology
ended up being somewhat different than what they’d pictured. For whatever reason, the people who
should have joyfully embraced your research results are unhappy. And after you’ve invested weeks or
months of effort, time, and money, unhappy internal clients are the last thing you want.
How can we avoid this outcome? Be careful not to oversell market research. Those of us who do
market research professionally tend to get enthusiastic. We are typically people who enjoy designing
and implementing research methodologies, who like to dive into mounds of data and extract
meaningful results. In our enthusiasm for research, we have to be careful not to over-promise.
Realistic expectations are the key to satisfied clients, especially for riskier types of projects.
Product Concept Testing Example: What We Can and Cannot Promise
Product concept testing can be designed to help identify product ideas or feature combinations that
have the highest potential share of the market. Key word: potential.
But there are challenges with product concept testing research. Sometimes people can’t respond to
particular product concepts that are too new or innovative. They don’t have a frame of reference, so it
is just too hypothetical. Henry Ford once said, “If I’d asked people what they wanted, they would
have said a faster horse.”
Even in more mature categories, product concept testing research has limits. After all, a lot of
research depends on asking people about their attitudes and behaviors, and even well-intentioned
participants cannot report such information perfectly.
What can we promise about product concept testing that is realistic? We could design the project and
promise we will:
 prioritize features
 prioritize among multiple new concepts
Page 2
 identify likely tradeoffs between features and price
 estimate a demand elasticity curve
 weed out blatantly bad ideas
 identify potential demand deterrents or sales objections to a particular product concept
We also need to let colleagues know that there are many factors beyond our control. A major
competitor may come out with a new product that influences purchase criteria. A new entrant may
come out with a big splash and disrupt brand preferences. A shift in the economic environment could
change price sensitivities.
Product concept testing research is still very worthwhile (and far better than not doing any at all), but
it is an example of the type of project that has inherent limitations. It’s always better to do some
research than none, but we don’t want to over-sell it.
Bottom line
If you’re doing market research on a project that is known to be risky in terms of how well it can
predict actual customer attitudes and behaviors, you have two key steps to take:
1. Consider augmenting survey research with other methodologies.
Social media monitoring? A prediction market? Ethnography? Rapid prototype testing?
2. Set realistic expectations. First, be certain that internal clients have realistic expectations
about what they can and can’t expect. Let them know that inconclusive, contrary, or
contradictory results can come up. If they do, it may require further research or the use of
other methods—all of these things are part of the real world.
With realistic expectations, people will have the right mindset. We won’t have to worry about
disappointing them in the end, and that saves everybody a lot of aggravation.
So don’t even try to be an all-powerful Santa. If that pony won’t be trotting out from under the tree,
make it clear in advance. That city child would be happier with a shiny new bicycle anyway.
About Research Rockstar
Research Rockstar delivers training and staffing services to busy professionals seeking Market
Research excellence. Our 25+ training classes are offered in both online and on-site formats. Our
staffing services place qualified market research experts, covering temporary needs due to project
fluctuations, maternity leaves or other staffing disruptions.
For more information, and more market research articles, please visit www.researchrockstar.com
Original publication date: 4/5/2011

More Related Content

Viewers also liked

Buying a Home Winter Edition 2015
Buying a Home Winter Edition 2015Buying a Home Winter Edition 2015
Buying a Home Winter Edition 2015Barbara Barker
 
Run Android Apps in Google Chrome
Run Android Apps in Google ChromeRun Android Apps in Google Chrome
Run Android Apps in Google ChromeThe Geek Byte
 
Batesville Trifold Small File
Batesville Trifold Small FileBatesville Trifold Small File
Batesville Trifold Small FileAmber Wood
 
Experiencia rbc fontibón
Experiencia rbc fontibónExperiencia rbc fontibón
Experiencia rbc fontibóndaalvale
 
30 02 2014-Inauguración de la Agencia de Autos Suzuki Xalapa
30 02 2014-Inauguración de la Agencia de Autos Suzuki Xalapa30 02 2014-Inauguración de la Agencia de Autos Suzuki Xalapa
30 02 2014-Inauguración de la Agencia de Autos Suzuki XalapaOrganización política
 
Be Fit- Pharmaceutical Company
Be Fit- Pharmaceutical CompanyBe Fit- Pharmaceutical Company
Be Fit- Pharmaceutical CompanyOnindo Ahmed
 
watch 2015 French Open Tennis
watch 2015 French Open Tenniswatch 2015 French Open Tennis
watch 2015 French Open Tennisjimmijimmi34
 
watching French Open Tennis
watching French Open Tenniswatching French Open Tennis
watching French Open Tennisjimmijimmi34
 

Viewers also liked (10)

Buying a Home Winter Edition 2015
Buying a Home Winter Edition 2015Buying a Home Winter Edition 2015
Buying a Home Winter Edition 2015
 
Run Android Apps in Google Chrome
Run Android Apps in Google ChromeRun Android Apps in Google Chrome
Run Android Apps in Google Chrome
 
Batesville Trifold Small File
Batesville Trifold Small FileBatesville Trifold Small File
Batesville Trifold Small File
 
Transport Sector of Uzbekistan as a factor of economic transformation in a lo...
Transport Sector of Uzbekistan as a factor of economic transformation in a lo...Transport Sector of Uzbekistan as a factor of economic transformation in a lo...
Transport Sector of Uzbekistan as a factor of economic transformation in a lo...
 
Experiencia rbc fontibón
Experiencia rbc fontibónExperiencia rbc fontibón
Experiencia rbc fontibón
 
30 02 2014-Inauguración de la Agencia de Autos Suzuki Xalapa
30 02 2014-Inauguración de la Agencia de Autos Suzuki Xalapa30 02 2014-Inauguración de la Agencia de Autos Suzuki Xalapa
30 02 2014-Inauguración de la Agencia de Autos Suzuki Xalapa
 
Be Fit- Pharmaceutical Company
Be Fit- Pharmaceutical CompanyBe Fit- Pharmaceutical Company
Be Fit- Pharmaceutical Company
 
watch 2015 French Open Tennis
watch 2015 French Open Tenniswatch 2015 French Open Tennis
watch 2015 French Open Tennis
 
watching French Open Tennis
watching French Open Tenniswatching French Open Tennis
watching French Open Tennis
 
Air
AirAir
Air
 

Recently uploaded

BDSM⚡Call Girls in Sector 39 Noida Escorts Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 39 Noida Escorts Escorts >༒8448380779 Escort ServiceBDSM⚡Call Girls in Sector 39 Noida Escorts Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 39 Noida Escorts Escorts >༒8448380779 Escort ServiceDelhi Call girls
 
Brand experience Dream Center Peoria Presentation.pdf
Brand experience Dream Center Peoria Presentation.pdfBrand experience Dream Center Peoria Presentation.pdf
Brand experience Dream Center Peoria Presentation.pdftbatkhuu1
 
Digital-Marketing-Into-by-Zoraiz-Ahmad.pptx
Digital-Marketing-Into-by-Zoraiz-Ahmad.pptxDigital-Marketing-Into-by-Zoraiz-Ahmad.pptx
Digital-Marketing-Into-by-Zoraiz-Ahmad.pptxZACGaming
 
VIP 7001035870 Find & Meet Hyderabad Call Girls Film Nagar high-profile Call ...
VIP 7001035870 Find & Meet Hyderabad Call Girls Film Nagar high-profile Call ...VIP 7001035870 Find & Meet Hyderabad Call Girls Film Nagar high-profile Call ...
VIP 7001035870 Find & Meet Hyderabad Call Girls Film Nagar high-profile Call ...aditipandeya
 
Google 3rd-Party Cookie Deprecation [Update] + 5 Best Strategies
Google 3rd-Party Cookie Deprecation [Update] + 5 Best StrategiesGoogle 3rd-Party Cookie Deprecation [Update] + 5 Best Strategies
Google 3rd-Party Cookie Deprecation [Update] + 5 Best StrategiesSearch Engine Journal
 
Call Us ➥9654467111▻Call Girls In Delhi NCR
Call Us ➥9654467111▻Call Girls In Delhi NCRCall Us ➥9654467111▻Call Girls In Delhi NCR
Call Us ➥9654467111▻Call Girls In Delhi NCRSapana Sha
 
Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15
Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15
Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15SearchNorwich
 
The+State+of+Careers+In+Retention+Marketing-2.pdf
The+State+of+Careers+In+Retention+Marketing-2.pdfThe+State+of+Careers+In+Retention+Marketing-2.pdf
The+State+of+Careers+In+Retention+Marketing-2.pdfSocial Samosa
 
BDSM⚡Call Girls in Sector 144 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 144 Noida Escorts >༒8448380779 Escort ServiceBDSM⚡Call Girls in Sector 144 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 144 Noida Escorts >༒8448380779 Escort ServiceDelhi Call girls
 
BDSM⚡Call Girls in Sector 128 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 128 Noida Escorts >༒8448380779 Escort ServiceBDSM⚡Call Girls in Sector 128 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 128 Noida Escorts >༒8448380779 Escort ServiceDelhi Call girls
 
What is Google Search Console and What is it provide?
What is Google Search Console and What is it provide?What is Google Search Console and What is it provide?
What is Google Search Console and What is it provide?riteshhsociall
 
Branding strategies of new company .pptx
Branding strategies of new company .pptxBranding strategies of new company .pptx
Branding strategies of new company .pptxVikasTiwari846641
 
Brand experience Peoria City Soccer Presentation.pdf
Brand experience Peoria City Soccer Presentation.pdfBrand experience Peoria City Soccer Presentation.pdf
Brand experience Peoria City Soccer Presentation.pdftbatkhuu1
 
Unraveling the Mystery of The Circleville Letters.pptx
Unraveling the Mystery of The Circleville Letters.pptxUnraveling the Mystery of The Circleville Letters.pptx
Unraveling the Mystery of The Circleville Letters.pptxelizabethella096
 

Recently uploaded (20)

Turn Digital Reputation Threats into Offense Tactics - Daniel Lemin
Turn Digital Reputation Threats into Offense Tactics - Daniel LeminTurn Digital Reputation Threats into Offense Tactics - Daniel Lemin
Turn Digital Reputation Threats into Offense Tactics - Daniel Lemin
 
BDSM⚡Call Girls in Sector 39 Noida Escorts Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 39 Noida Escorts Escorts >༒8448380779 Escort ServiceBDSM⚡Call Girls in Sector 39 Noida Escorts Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 39 Noida Escorts Escorts >༒8448380779 Escort Service
 
Creator Influencer Strategy Master Class - Corinne Rose Guirgis
Creator Influencer Strategy Master Class - Corinne Rose GuirgisCreator Influencer Strategy Master Class - Corinne Rose Guirgis
Creator Influencer Strategy Master Class - Corinne Rose Guirgis
 
Brand experience Dream Center Peoria Presentation.pdf
Brand experience Dream Center Peoria Presentation.pdfBrand experience Dream Center Peoria Presentation.pdf
Brand experience Dream Center Peoria Presentation.pdf
 
Digital-Marketing-Into-by-Zoraiz-Ahmad.pptx
Digital-Marketing-Into-by-Zoraiz-Ahmad.pptxDigital-Marketing-Into-by-Zoraiz-Ahmad.pptx
Digital-Marketing-Into-by-Zoraiz-Ahmad.pptx
 
VIP 7001035870 Find & Meet Hyderabad Call Girls Film Nagar high-profile Call ...
VIP 7001035870 Find & Meet Hyderabad Call Girls Film Nagar high-profile Call ...VIP 7001035870 Find & Meet Hyderabad Call Girls Film Nagar high-profile Call ...
VIP 7001035870 Find & Meet Hyderabad Call Girls Film Nagar high-profile Call ...
 
Google 3rd-Party Cookie Deprecation [Update] + 5 Best Strategies
Google 3rd-Party Cookie Deprecation [Update] + 5 Best StrategiesGoogle 3rd-Party Cookie Deprecation [Update] + 5 Best Strategies
Google 3rd-Party Cookie Deprecation [Update] + 5 Best Strategies
 
Digital Strategy Master Class - Andrew Rupert
Digital Strategy Master Class - Andrew RupertDigital Strategy Master Class - Andrew Rupert
Digital Strategy Master Class - Andrew Rupert
 
Call Us ➥9654467111▻Call Girls In Delhi NCR
Call Us ➥9654467111▻Call Girls In Delhi NCRCall Us ➥9654467111▻Call Girls In Delhi NCR
Call Us ➥9654467111▻Call Girls In Delhi NCR
 
Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15
Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15
Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15
 
The+State+of+Careers+In+Retention+Marketing-2.pdf
The+State+of+Careers+In+Retention+Marketing-2.pdfThe+State+of+Careers+In+Retention+Marketing-2.pdf
The+State+of+Careers+In+Retention+Marketing-2.pdf
 
Foundation First - Why Your Website and Content Matters - David Pisarek
Foundation First - Why Your Website and Content Matters - David PisarekFoundation First - Why Your Website and Content Matters - David Pisarek
Foundation First - Why Your Website and Content Matters - David Pisarek
 
BDSM⚡Call Girls in Sector 144 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 144 Noida Escorts >༒8448380779 Escort ServiceBDSM⚡Call Girls in Sector 144 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 144 Noida Escorts >༒8448380779 Escort Service
 
BDSM⚡Call Girls in Sector 128 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 128 Noida Escorts >༒8448380779 Escort ServiceBDSM⚡Call Girls in Sector 128 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 128 Noida Escorts >༒8448380779 Escort Service
 
No Cookies No Problem - Steve Krull, Be Found Online
No Cookies No Problem - Steve Krull, Be Found OnlineNo Cookies No Problem - Steve Krull, Be Found Online
No Cookies No Problem - Steve Krull, Be Found Online
 
What is Google Search Console and What is it provide?
What is Google Search Console and What is it provide?What is Google Search Console and What is it provide?
What is Google Search Console and What is it provide?
 
Branding strategies of new company .pptx
Branding strategies of new company .pptxBranding strategies of new company .pptx
Branding strategies of new company .pptx
 
The Future of Brands on LinkedIn - Alison Kaltman
The Future of Brands on LinkedIn - Alison KaltmanThe Future of Brands on LinkedIn - Alison Kaltman
The Future of Brands on LinkedIn - Alison Kaltman
 
Brand experience Peoria City Soccer Presentation.pdf
Brand experience Peoria City Soccer Presentation.pdfBrand experience Peoria City Soccer Presentation.pdf
Brand experience Peoria City Soccer Presentation.pdf
 
Unraveling the Mystery of The Circleville Letters.pptx
Unraveling the Mystery of The Circleville Letters.pptxUnraveling the Mystery of The Circleville Letters.pptx
Unraveling the Mystery of The Circleville Letters.pptx
 

Santa Doesn’t Live Here: Don’t Oversell Market Research

  • 1. 11 Main Street | Southborough, MA 01772 | 508.691.6004 | Info@ResearchRockstar.com www.ResearchRockstar.com A Research Rockstar Article Santa Doesn’t Live Here: Don’t Oversell Market Research Imagine a six year old who truly believes Santa grants all wishes. Even though he lives in a sixth- floor Chicago walkup, this child firmly believes Santa will come down the (nonexistent) chimney and leave a pony under the Christmas tree. Imagine the tears on Christmas morning when there’s no pony. Most of us have experienced the feeling of being oversold, whether in business or in our personal lives. It’s painful. And it’s the last thing you want your internal colleagues, team members, or other associates to feel at the end of a market research project. Unfortunately, it happens. Maybe the results were unexpected, maybe the scope or methodology ended up being somewhat different than what they’d pictured. For whatever reason, the people who should have joyfully embraced your research results are unhappy. And after you’ve invested weeks or months of effort, time, and money, unhappy internal clients are the last thing you want. How can we avoid this outcome? Be careful not to oversell market research. Those of us who do market research professionally tend to get enthusiastic. We are typically people who enjoy designing and implementing research methodologies, who like to dive into mounds of data and extract meaningful results. In our enthusiasm for research, we have to be careful not to over-promise. Realistic expectations are the key to satisfied clients, especially for riskier types of projects. Product Concept Testing Example: What We Can and Cannot Promise Product concept testing can be designed to help identify product ideas or feature combinations that have the highest potential share of the market. Key word: potential. But there are challenges with product concept testing research. Sometimes people can’t respond to particular product concepts that are too new or innovative. They don’t have a frame of reference, so it is just too hypothetical. Henry Ford once said, “If I’d asked people what they wanted, they would have said a faster horse.” Even in more mature categories, product concept testing research has limits. After all, a lot of research depends on asking people about their attitudes and behaviors, and even well-intentioned participants cannot report such information perfectly. What can we promise about product concept testing that is realistic? We could design the project and promise we will:  prioritize features  prioritize among multiple new concepts
  • 2. Page 2  identify likely tradeoffs between features and price  estimate a demand elasticity curve  weed out blatantly bad ideas  identify potential demand deterrents or sales objections to a particular product concept We also need to let colleagues know that there are many factors beyond our control. A major competitor may come out with a new product that influences purchase criteria. A new entrant may come out with a big splash and disrupt brand preferences. A shift in the economic environment could change price sensitivities. Product concept testing research is still very worthwhile (and far better than not doing any at all), but it is an example of the type of project that has inherent limitations. It’s always better to do some research than none, but we don’t want to over-sell it. Bottom line If you’re doing market research on a project that is known to be risky in terms of how well it can predict actual customer attitudes and behaviors, you have two key steps to take: 1. Consider augmenting survey research with other methodologies. Social media monitoring? A prediction market? Ethnography? Rapid prototype testing? 2. Set realistic expectations. First, be certain that internal clients have realistic expectations about what they can and can’t expect. Let them know that inconclusive, contrary, or contradictory results can come up. If they do, it may require further research or the use of other methods—all of these things are part of the real world. With realistic expectations, people will have the right mindset. We won’t have to worry about disappointing them in the end, and that saves everybody a lot of aggravation. So don’t even try to be an all-powerful Santa. If that pony won’t be trotting out from under the tree, make it clear in advance. That city child would be happier with a shiny new bicycle anyway. About Research Rockstar Research Rockstar delivers training and staffing services to busy professionals seeking Market Research excellence. Our 25+ training classes are offered in both online and on-site formats. Our staffing services place qualified market research experts, covering temporary needs due to project fluctuations, maternity leaves or other staffing disruptions. For more information, and more market research articles, please visit www.researchrockstar.com Original publication date: 4/5/2011