MKT 8200
Malory Atkinson
Duncan McCreery
Taylor Moorhouse
Andrew Tipton
1Q: A Revolutionary Mobile
Market Research Tool
MKT 8200 | April 28, 2015 | 1Q
WHAT WE’LL COVER TODAY
What is 1Q?
MKT 8200 | April 28, 2015 | 1Q
MOBILE MARKET RESEARCH STARTUP
• Founded in 2012, 4 employees
• Company’s pay $1 a response per
question/offer/coupon to a targeted
[demographics & location based]
audience
• Members get paid $.50/$.25 instantly via
paypal per response
• Members can donate payments to
MKT 8200 | April 28, 2015 | 1Q
MOBILE MARKET RESEARCH
*1Q website [www.1q.com & interviews with CEO & CTO.
MKT 8200 | April 28, 2015 | 1Q
MKT 8200 | April 28, 2015 | 1Q
RESEARCH OBJECTIVES
How can 1Q increase the number of
active mobile app members in its
database in order to have a more
compelling product for its business
customers?
What drives people to download a mobile
app and share their location information?
MKT 8200 | April 28, 2015 | 1Q
WHAT WE’LL COVER TODAY
Research Process
MKT 8200 | April 28, 2015 | 1Q
Initial Research
• In Depth Interviews with CEO & CTO
• Industry articles about mobile app usage
and trends
• Scholarly journals and papers about
panel and survey respondent
motivations
MKT 8200 | April 28, 2015 | 1Q
Survey Distribution
• Surveys sent to 1Q database via
questions (405) and company social
media
MKT 8200 | April 28, 2015 | 1Q
Conceptual Framework
General App Usage Factors
• Tech Savviness
• Location Enabling
• App Rating Influence
• Apps Used per Month
• Early Adopter
• Frequency of App Updates
Demographics
• Age
• Gender
• Income
• Employment
• Education
• Risk Aversion
• Marital Status
Company Preference Factors
• Preference For CSR
• Preference for Small Business
Engagement
• Rate 1Q App
• 1Q Referral/Recommend
• Enable Location
• Learn More
MKT 8200 | April 28, 2015 | 1Q
WHAT WE’LL COVER TODAY
Can Offering Surveys Be a
Path to Engagement?
MKT 8200 | April 28, 2015 | 1Q
RESEARCH AND QUESTIONS
• Research says that people take surveys
for rewards and/or to satisfy a social
obligation*
• Which is more powerful?
• Can companies effectively use surveys
as a tool for customer engagement?
*Bruggen, Wetzels and de Ruyter, “Individual differences in motivation to
participate in online panels,” International Journal of Market Research 53.3
(2010) 369-390.
MKT 8200 | April 28, 2015 | 1Q
HYPOTHESES
• The effect of a monetary reward has a
larger positive effect than the desire to
fulfill a social obligation.
• Reading the results of surveys has a
positive effect on the motivation to take
surveys
*Bruggen, Wetzels and de Ruyter, “Individual differences in motivation to
participate in online panels,” International Journal of Market Research 53.3
(2010) 369-390.
MKT 8200 | April 28, 2015 | 1Q
CORRELATIONS
• IVs and their correlations with the DV
• Voice Heard: .47
• Support Charity: .44
• Known Companies: .40
• Learn More about Companies: .55
• Read Results: -.15
• Pay Me: .27
MKT 8200 | April 28, 2015 | 1Q
DO YOU FEEL CONNECTED?
“I feel more connected to the brands for
which I take surveys”
• 257 observations
• Mean of 2.4
• Standard Deviation of .93
• Gender, Age, Income make no
difference
• All have means of ~2.4
• Tech savvy: 2.38 vs. 2.58 not tech
savvy had the most difference
MKT 8200 | April 28, 2015 | 1Q
FREQUENCY ACROSS THE SAMPLE
0
20
40
60
80
100
120
Strongly Agree Agree Neither Disagree Strongly Disagree
MKT 8200 | April 28, 2015 | 1Q
CORRELATIONS
• IVs and their correlations with the DV
• Voice Heard: .47
• Support Charity: .44
• Known Companies: .40
• Learn More about Companies: .55
• Read Results: -.15
• Pay Me: .27
MKT 8200 | April 28, 2015 | 1Q
REGRESSION RESULTS
MKT 8200 | April 28, 2015 | 1Q
MANAGERIAL IMPLICATIONS
• People want to have their voice heard.
• Monetary compensation may also work.
• Intrinsic motivation was always
significant
• When the action of learning more is the
DV, the monetary compensation was
significant
• Yes, companies can use surveys as a
tool for engagement and can do so
without offering reward.
• 1Q could also be a tool for engagement
MKT 8200 | April 28, 2015 | 1Q
What drives active users to
recommend the 1Q app?
MKT 8200 | April 28, 2015 | 1Q
RESEARCH AND QUESTIONS
- WOM advertising is still king when users look to
purchase/use an item. More than other marketing channels
used to sway opinions (commercials, celebrity endorsers,
promotional testimonials, etc.)
- What information can help describe the likelihood of 1Q
users to recommend?
- Is it demographic information
- Is it other measurables that help drive an increase in a likelihood to
recommend?
MKT 8200 | April 28, 2015 | 1Q
HYPOTHESIS
- If a user perceives a recommendation from someone they
know as important, they are more likely to recommend the
app (compared to other factors)
- With 1Q being a mobile app, younger users will have a
significant positive effect on the likelihood to recommend
MKT 8200 | April 28, 2015 | 1Q
WILL YOU RECOMMEND?
“On a scale of 1-10, how likely are you to recommend 1Q to
someone you know?”
- 160 responses
- Gender doesn’t have a significant effect on the likelihood to recommend
- Younger users (0-40) are less likely to recommend 1Q than older users (40+)
- (7.7 vs 7.48) although the older users deviated from the mean more (2.45 vs 2.16) and had a higher variance
- Married couples were also more likely to recommend that users that are
single
- (7.78 vs 7.32)
- Results may be more or less depending on if we had a larger sample size
MKT 8200 | April 28, 2015 | 1Q
SCALES
Variable
(Dependent Variable)
Operationalization
recommend Likelihood to recommend based 1Q via a scaled question
(1-10) with 10 being highly recommend, 1 least likely to
recommend
Independent Variables
Age Measure of age based on 7 divisions. 1= (13-17), 2 = (18-
24), 3 = (25-30), 4 = (31-40), 5 = (41-50), 6 = (51-60), 7 =
(over 60)
Gender Measured by a 1 and 2 scale. 1 being Male and 2 being
Female
Early/Late Adopter Measured by a 1 and 2 scale. 1 being early adopter and 2
being a late adopter
Likelihood to share w/ social media
friends
Measured on a scale going from 1-7 with 1 being least
likely to share and 7 being most likely
Satisfaction Measured on a scale going from 1-7 with 1 being least
satisfied to share and 7 being most satisfied
Recommendation is important Measured on a 1-5 point scale in which users will put if a
recommendation is of a lot of importance (1) or a little
(5)
Duration of ownership Measured on a 6 point scale being: 1(over 18 months
ago), 2 (12-18 months ago), 3 (6-12 months ago), 4 (3-6
months ago), 5 (less than 3 months ago), and 6 (cant
remember)
MKT 8200 | April 28, 2015 | 1Q
0
10
20
30
40
50
60
1 2 3 4 5 6 7 8 9 10
Likelihood to recommend
FREQUENCY OF RESPONSE
Lvl of likelihood
Frequency
of
response
0 -0- 0%
1 -1- 1%
2 -4- 3%
3 -5- 3%
4 -3- 2%
5 -12- 8%
6 -18- 11%
7 -24- 15%
8 -28- 18%
9 -13- 8%
10 -52- 33%
MKT 8200 | April 28, 2015 | 1Q
Correlation Analysis
A couple of my IV’s are
highly correlated with the
DV we are testing, however
all are below the threshold
Sample size 180 Critical value (5%) 1.97338
How likely are you
to recommend 1Q Age Gender early/late adopter
likely to share
response satisfaction
recommendat
ion is
important
duration of
ownership
likelihood to Pearson Correlation Coefficient1.
recommend R Standard Error
t
p-value
H0 (5%)
Age Pearson Correlation Coefficient0.06584 1.
R Standard Error 0.00559
t 0.88035
p-value 0.37985
H0 (5%) accepted
Gender Pearson Correlation Coefficient0.02237 0.13424 1.
R Standard Error 0.00562 0.00552
t 0.2985 1.8073
p-value 0.76567 0.0724
H0 (5%) accepted accepted
early/late Pearson Correlation Coefficient-0.15518 0.2039 0.03036 1.
adopter R Standard Error 0.00548 0.00538 0.00561
t -2.09581 2.77874 0.40525
p-value 0.03751 0.00604 0.68578
H0 (5%) rejected rejected accepted
likely to share Pearson Correlation Coefficient0.36732 0.01738 0.08289 -0.02722 1.
response R Standard Error 0.00486 0.00562 0.00558 0.00561
t 5.269 0.23191 1.1097 -0.36335
p-value 0. 0.81687 0.26863 0.71677
H0 (5%) rejected accepted accepted accepted
lvl of Pearson Correlation Coefficient-0.54902 0.01181 0.04695 0.09144 -0.11551 1.
satisfaction R Standard Error 0.00392 0.00562 0.00561 0.00557 0.00554
t -8.76379 0.15763 0.62712 1.2251 -1.5515
p-value 1.55431E-15 0.87493 0.53138 0.22216 0.12256
H0 (5%) rejected accepted accepted accepted accepted
A recommendation Pearson Correlation Coefficient-0.02012 0.02403 -0.05787 0.12687 0.02568 0.03222 1.
is important R Standard Error 0.00562 0.00561 0.0056 0.00553 0.00561 0.00561
t -0.26847 0.3207 -0.77341 1.70648 0.3427 0.43014
p-value 0.78865 0.74881 0.44031 0.08966 0.73223 0.66761
H0 (5%) accepted accepted accepted accepted accepted accepted
duration of Pearson Correlation Coefficient0.0424 0.21714 0.17627 -0.01806 0.01461 -0.05028 0.04456 1.
ownership R Standard Error 0.00561 0.00535 0.00544 0.00562 0.00562 0.0056 0.00561
t 0.56616 2.96783 2.38919 -0.24102 0.19496 -0.67167 0.59504
p-value 0.572 0.00341 0.01793 0.80982 0.84565 0.50266 0.55257
H0 (5%) accepted rejected rejected accepted accepted accepted accepted
Correlation Coefficients Matrix
R
MKT 8200 | April 28, 2015 | 1Q
REGRESSION ANALYSIS
Regression Statistics
R 0.64287
R Square 0.41329
Adjusted R Square 0.38941
S 1.82618
Total number of observations 180
ANOVA
d.f. SS MS F p-level
Regression 7. 404.05526 57.72218 17.30843 0.E+0
Residual 172. 573.60585 3.33492
Total 179. 977.66111
Coefficients Standard Error LCL UCL t Stat p-level H0 (5%) rejected?
Intercept 7.87957 0.72658 6.44541 9.31373 10.84473 0.E+0 Yes
Age 0.19563 0.1312 -0.06334 0.45461 1.49107 0.13777 No
Gender 0.07456 0.30578 -0.52902 0.67813 0.24382 0.80766 No
early/late adopter -0.63908 0.32113 -1.27294 -0.00523 -1.99012 0.04816 Yes
likely to share response 0.35758 0.06975 0.2199 0.49525 5.12653 0. Yes
lvl of satisfaction -0.91253 0.10696 -1.12366 -0.70141 -8.53158 7.21645E-15 Yes
recommendation is important 0.00937 0.1936 -0.37277 0.3915 0.04838 0.96147 No
duration of ownership -0.01853 0.0921 -0.20033 0.16327 -0.20122 0.84076 No
T (5%) 1.97385
Linear Regression
sponded to a question in 1Q / with your social media friends... - 0.9125 * What is your overall level of satisfaction with 1Q? + 0.0094 * Rate the degree to w
MKT 8200 | April 28, 2015 | 1Q
MANAGERIAL IMPLICATIONS
- Hypothesis were incorrect
- Younger age based off means were less likely to
recommend and showed low causality in regression
- The driving factors to increase the likelihood to
recommend were: early adoption, people who are likely
to share their responses, and satisfied users
- Early adopters spread the word and would recommend
- People who like to share their responses have increased
likelihood to recommend
- Highly satisfied users recommend, so make sure users
experience with app is good

1Q_Final Project

  • 1.
    MKT 8200 Malory Atkinson DuncanMcCreery Taylor Moorhouse Andrew Tipton 1Q: A Revolutionary Mobile Market Research Tool
  • 2.
    MKT 8200 |April 28, 2015 | 1Q WHAT WE’LL COVER TODAY What is 1Q?
  • 3.
    MKT 8200 |April 28, 2015 | 1Q MOBILE MARKET RESEARCH STARTUP • Founded in 2012, 4 employees • Company’s pay $1 a response per question/offer/coupon to a targeted [demographics & location based] audience • Members get paid $.50/$.25 instantly via paypal per response • Members can donate payments to
  • 4.
    MKT 8200 |April 28, 2015 | 1Q MOBILE MARKET RESEARCH *1Q website [www.1q.com & interviews with CEO & CTO.
  • 5.
    MKT 8200 |April 28, 2015 | 1Q
  • 6.
    MKT 8200 |April 28, 2015 | 1Q RESEARCH OBJECTIVES How can 1Q increase the number of active mobile app members in its database in order to have a more compelling product for its business customers? What drives people to download a mobile app and share their location information?
  • 7.
    MKT 8200 |April 28, 2015 | 1Q WHAT WE’LL COVER TODAY Research Process
  • 8.
    MKT 8200 |April 28, 2015 | 1Q Initial Research • In Depth Interviews with CEO & CTO • Industry articles about mobile app usage and trends • Scholarly journals and papers about panel and survey respondent motivations
  • 9.
    MKT 8200 |April 28, 2015 | 1Q Survey Distribution • Surveys sent to 1Q database via questions (405) and company social media
  • 10.
    MKT 8200 |April 28, 2015 | 1Q Conceptual Framework General App Usage Factors • Tech Savviness • Location Enabling • App Rating Influence • Apps Used per Month • Early Adopter • Frequency of App Updates Demographics • Age • Gender • Income • Employment • Education • Risk Aversion • Marital Status Company Preference Factors • Preference For CSR • Preference for Small Business Engagement • Rate 1Q App • 1Q Referral/Recommend • Enable Location • Learn More
  • 11.
    MKT 8200 |April 28, 2015 | 1Q WHAT WE’LL COVER TODAY Can Offering Surveys Be a Path to Engagement?
  • 12.
    MKT 8200 |April 28, 2015 | 1Q RESEARCH AND QUESTIONS • Research says that people take surveys for rewards and/or to satisfy a social obligation* • Which is more powerful? • Can companies effectively use surveys as a tool for customer engagement? *Bruggen, Wetzels and de Ruyter, “Individual differences in motivation to participate in online panels,” International Journal of Market Research 53.3 (2010) 369-390.
  • 13.
    MKT 8200 |April 28, 2015 | 1Q HYPOTHESES • The effect of a monetary reward has a larger positive effect than the desire to fulfill a social obligation. • Reading the results of surveys has a positive effect on the motivation to take surveys *Bruggen, Wetzels and de Ruyter, “Individual differences in motivation to participate in online panels,” International Journal of Market Research 53.3 (2010) 369-390.
  • 14.
    MKT 8200 |April 28, 2015 | 1Q CORRELATIONS • IVs and their correlations with the DV • Voice Heard: .47 • Support Charity: .44 • Known Companies: .40 • Learn More about Companies: .55 • Read Results: -.15 • Pay Me: .27
  • 15.
    MKT 8200 |April 28, 2015 | 1Q DO YOU FEEL CONNECTED? “I feel more connected to the brands for which I take surveys” • 257 observations • Mean of 2.4 • Standard Deviation of .93 • Gender, Age, Income make no difference • All have means of ~2.4 • Tech savvy: 2.38 vs. 2.58 not tech savvy had the most difference
  • 16.
    MKT 8200 |April 28, 2015 | 1Q FREQUENCY ACROSS THE SAMPLE 0 20 40 60 80 100 120 Strongly Agree Agree Neither Disagree Strongly Disagree
  • 17.
    MKT 8200 |April 28, 2015 | 1Q CORRELATIONS • IVs and their correlations with the DV • Voice Heard: .47 • Support Charity: .44 • Known Companies: .40 • Learn More about Companies: .55 • Read Results: -.15 • Pay Me: .27
  • 18.
    MKT 8200 |April 28, 2015 | 1Q REGRESSION RESULTS
  • 19.
    MKT 8200 |April 28, 2015 | 1Q MANAGERIAL IMPLICATIONS • People want to have their voice heard. • Monetary compensation may also work. • Intrinsic motivation was always significant • When the action of learning more is the DV, the monetary compensation was significant • Yes, companies can use surveys as a tool for engagement and can do so without offering reward. • 1Q could also be a tool for engagement
  • 20.
    MKT 8200 |April 28, 2015 | 1Q What drives active users to recommend the 1Q app?
  • 21.
    MKT 8200 |April 28, 2015 | 1Q RESEARCH AND QUESTIONS - WOM advertising is still king when users look to purchase/use an item. More than other marketing channels used to sway opinions (commercials, celebrity endorsers, promotional testimonials, etc.) - What information can help describe the likelihood of 1Q users to recommend? - Is it demographic information - Is it other measurables that help drive an increase in a likelihood to recommend?
  • 22.
    MKT 8200 |April 28, 2015 | 1Q HYPOTHESIS - If a user perceives a recommendation from someone they know as important, they are more likely to recommend the app (compared to other factors) - With 1Q being a mobile app, younger users will have a significant positive effect on the likelihood to recommend
  • 23.
    MKT 8200 |April 28, 2015 | 1Q WILL YOU RECOMMEND? “On a scale of 1-10, how likely are you to recommend 1Q to someone you know?” - 160 responses - Gender doesn’t have a significant effect on the likelihood to recommend - Younger users (0-40) are less likely to recommend 1Q than older users (40+) - (7.7 vs 7.48) although the older users deviated from the mean more (2.45 vs 2.16) and had a higher variance - Married couples were also more likely to recommend that users that are single - (7.78 vs 7.32) - Results may be more or less depending on if we had a larger sample size
  • 24.
    MKT 8200 |April 28, 2015 | 1Q SCALES Variable (Dependent Variable) Operationalization recommend Likelihood to recommend based 1Q via a scaled question (1-10) with 10 being highly recommend, 1 least likely to recommend Independent Variables Age Measure of age based on 7 divisions. 1= (13-17), 2 = (18- 24), 3 = (25-30), 4 = (31-40), 5 = (41-50), 6 = (51-60), 7 = (over 60) Gender Measured by a 1 and 2 scale. 1 being Male and 2 being Female Early/Late Adopter Measured by a 1 and 2 scale. 1 being early adopter and 2 being a late adopter Likelihood to share w/ social media friends Measured on a scale going from 1-7 with 1 being least likely to share and 7 being most likely Satisfaction Measured on a scale going from 1-7 with 1 being least satisfied to share and 7 being most satisfied Recommendation is important Measured on a 1-5 point scale in which users will put if a recommendation is of a lot of importance (1) or a little (5) Duration of ownership Measured on a 6 point scale being: 1(over 18 months ago), 2 (12-18 months ago), 3 (6-12 months ago), 4 (3-6 months ago), 5 (less than 3 months ago), and 6 (cant remember)
  • 25.
    MKT 8200 |April 28, 2015 | 1Q 0 10 20 30 40 50 60 1 2 3 4 5 6 7 8 9 10 Likelihood to recommend FREQUENCY OF RESPONSE Lvl of likelihood Frequency of response 0 -0- 0% 1 -1- 1% 2 -4- 3% 3 -5- 3% 4 -3- 2% 5 -12- 8% 6 -18- 11% 7 -24- 15% 8 -28- 18% 9 -13- 8% 10 -52- 33%
  • 26.
    MKT 8200 |April 28, 2015 | 1Q Correlation Analysis A couple of my IV’s are highly correlated with the DV we are testing, however all are below the threshold Sample size 180 Critical value (5%) 1.97338 How likely are you to recommend 1Q Age Gender early/late adopter likely to share response satisfaction recommendat ion is important duration of ownership likelihood to Pearson Correlation Coefficient1. recommend R Standard Error t p-value H0 (5%) Age Pearson Correlation Coefficient0.06584 1. R Standard Error 0.00559 t 0.88035 p-value 0.37985 H0 (5%) accepted Gender Pearson Correlation Coefficient0.02237 0.13424 1. R Standard Error 0.00562 0.00552 t 0.2985 1.8073 p-value 0.76567 0.0724 H0 (5%) accepted accepted early/late Pearson Correlation Coefficient-0.15518 0.2039 0.03036 1. adopter R Standard Error 0.00548 0.00538 0.00561 t -2.09581 2.77874 0.40525 p-value 0.03751 0.00604 0.68578 H0 (5%) rejected rejected accepted likely to share Pearson Correlation Coefficient0.36732 0.01738 0.08289 -0.02722 1. response R Standard Error 0.00486 0.00562 0.00558 0.00561 t 5.269 0.23191 1.1097 -0.36335 p-value 0. 0.81687 0.26863 0.71677 H0 (5%) rejected accepted accepted accepted lvl of Pearson Correlation Coefficient-0.54902 0.01181 0.04695 0.09144 -0.11551 1. satisfaction R Standard Error 0.00392 0.00562 0.00561 0.00557 0.00554 t -8.76379 0.15763 0.62712 1.2251 -1.5515 p-value 1.55431E-15 0.87493 0.53138 0.22216 0.12256 H0 (5%) rejected accepted accepted accepted accepted A recommendation Pearson Correlation Coefficient-0.02012 0.02403 -0.05787 0.12687 0.02568 0.03222 1. is important R Standard Error 0.00562 0.00561 0.0056 0.00553 0.00561 0.00561 t -0.26847 0.3207 -0.77341 1.70648 0.3427 0.43014 p-value 0.78865 0.74881 0.44031 0.08966 0.73223 0.66761 H0 (5%) accepted accepted accepted accepted accepted accepted duration of Pearson Correlation Coefficient0.0424 0.21714 0.17627 -0.01806 0.01461 -0.05028 0.04456 1. ownership R Standard Error 0.00561 0.00535 0.00544 0.00562 0.00562 0.0056 0.00561 t 0.56616 2.96783 2.38919 -0.24102 0.19496 -0.67167 0.59504 p-value 0.572 0.00341 0.01793 0.80982 0.84565 0.50266 0.55257 H0 (5%) accepted rejected rejected accepted accepted accepted accepted Correlation Coefficients Matrix R
  • 27.
    MKT 8200 |April 28, 2015 | 1Q REGRESSION ANALYSIS Regression Statistics R 0.64287 R Square 0.41329 Adjusted R Square 0.38941 S 1.82618 Total number of observations 180 ANOVA d.f. SS MS F p-level Regression 7. 404.05526 57.72218 17.30843 0.E+0 Residual 172. 573.60585 3.33492 Total 179. 977.66111 Coefficients Standard Error LCL UCL t Stat p-level H0 (5%) rejected? Intercept 7.87957 0.72658 6.44541 9.31373 10.84473 0.E+0 Yes Age 0.19563 0.1312 -0.06334 0.45461 1.49107 0.13777 No Gender 0.07456 0.30578 -0.52902 0.67813 0.24382 0.80766 No early/late adopter -0.63908 0.32113 -1.27294 -0.00523 -1.99012 0.04816 Yes likely to share response 0.35758 0.06975 0.2199 0.49525 5.12653 0. Yes lvl of satisfaction -0.91253 0.10696 -1.12366 -0.70141 -8.53158 7.21645E-15 Yes recommendation is important 0.00937 0.1936 -0.37277 0.3915 0.04838 0.96147 No duration of ownership -0.01853 0.0921 -0.20033 0.16327 -0.20122 0.84076 No T (5%) 1.97385 Linear Regression sponded to a question in 1Q / with your social media friends... - 0.9125 * What is your overall level of satisfaction with 1Q? + 0.0094 * Rate the degree to w
  • 28.
    MKT 8200 |April 28, 2015 | 1Q MANAGERIAL IMPLICATIONS - Hypothesis were incorrect - Younger age based off means were less likely to recommend and showed low causality in regression - The driving factors to increase the likelihood to recommend were: early adoption, people who are likely to share their responses, and satisfied users - Early adopters spread the word and would recommend - People who like to share their responses have increased likelihood to recommend - Highly satisfied users recommend, so make sure users experience with app is good