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From Asking to Listening:
Leveraging Insights from a
         connected world.

                 Dr Laurent Florès, Founder, crmmetrix
                                lflores@crmmetrix.com

Associate Professor, Université Paris II Panthéon-Assas

                        www.twitter.com/laurentflores
N° 1 theme:
Markets are
conversations

Do brands really
« converse » ?

No, they mainly talk
Brands talk rather than listen

3000 messages every day, 188 by
hour, 3 per minute

The ratio of listening to talking is 1
to 50 (Source: Esomar & Veronis
Suhler)

They call it being « customer
centric »…
Yes time to change!
     And time to Listen more…
How can we « re-invent » ourselves and
   develop new market research practices
that meet the challenges of the “horizontal
                                     world”
You say Listening, but How ?
Leverage the potential of online conversations to
listen to them (blogs, forums): netnography
(Passive Listening)




                Source: Blogpulse            Source: RTGI
Is the Crowd wise?


                     Multiple examples show
                     indeed that the Crowd is
                     often wise (under specific
                     conditions):

                     - Iowa Stock Exchange
                     - Hollywood Stock Exchange
                     - Predictive Markets


                     Nowadays, Google is often of
                     great help too « Listen »…
Listening & Observing the Crowd with Google
(Insights for Search & Ad Planner) for trend detection and
competitive intelligence.
Predicting the present and immediate future…
Anticipating the possible future: Facebook, the new
Google?
How about the 2008 US Election?
During the democrat party candidate election, Search levels
clearly showed a favorable trend for Obama vs Clinton…




                                          Obama vs Clinton

                                          Source: Google Trends Search
« An image is worth 10,000 words »…
Hillary seemed clearly less « popular »
The outcome of the 2008 US Election, Search
showed us the way!
  You know of course… The Web knew as well with early
  predicting signals and trends…




                                         Obama vs McCain

                                         Source: Google Trends Search
Using Website visits as proxies for forecasting
movies in market success
The inclusion of movie pre-release website trafic
improves sales prediction by 50%! (*)




(*) Belvaux B. et Florès L. : "L'utilisation des proxies du web pour la prédiction des marchés.
Une application au marché cinématographique« , Décisions Marketing, 57, 2010.
Behind blogs, forums, searches, images, the
            web are…. People

Those people are active, participative,
                insightful

They want to “participate”, are ready to
    “collaborate” rather than only
             “respond”…
How to leverage the potential of
“People’s Participation/Cooperation” to
         develop new market research
                            solutions?
Leverage participation to “better” listen to consumers when you ask
questions: “Active Listening” with brandDelphi a “qual/quant
approach”…
      how brandDelphi works : the insight delivery process


                                                                          Niche ideas       Star ideas




                                                                          Static ideas   Category drivers




                                         The system retains the
      Consumers are      They express                                  The result: a
                                          most promising ideas
         invited to       their ideas                                   consultation
                                          dynamically -the ideas
     ‘dialogue’ online    and review                                   platform that
                                         are classified according
      around specific    the opinions                                 allows thematic
                                         to their ‘traction power’
         scenarios       of the others                               development and
                                             attraction among
                                                                       concept build
                                                 consumers
idea analysis




      brandDelphi™
      brandDelphi™
                         Allows ideas – even those that began as just ‘weak
         Topscore        signals’ - are placed on the brandDelphi™ Insight
                         Map, and prioritized for action
                         The analysis is both qualitative and quantitative,
                         and specific idea/word performance can be gauged .



                    Niche ideas                  Star ideas
       Importance




                    Static ideas            Category drivers

                                                            Relevance
The move to “Research Based Community” or MROC
Give Back: Build Recognition, Respect through Feedback
RBC: “Research Based Community”
MROC = Market Research Online Communities
                Passive Listening
    Consumers                              Consumers




                                            g
                                         nin
                                    iste
                                    L
                                ive
                    Brand     Act
A Taxonomy of New MR




                       (Source: Ray Poynter)
So, in a nutshell:
Toward a New Research Paradigm?
The vertical world    The horizontal world
  QUESTIONNING            LISTENING
     ONE SHOT             ALWAYS ON
  QUANT vs QUAL          QUANT & QUAL
  TRANSACTIONAL          RELATIONNAL
  REPRESENTATIVE           TARGETED
    DESCRIPTIVE           INSIGHTFUL
     SCIENTIFIC          ART & SCIENCE
From Asking to Listening

 Listen passively and actively through different
 contact points (specially at the ones where
 consumers come to meet you/peers)

 Develop conversations

 Specifially with your most valuable consumers

 Respect People and Have Fun
because conversing and
learning from each other is the
   best way to develop and
    strengthen relationship
Thank You for “Listening”…

           My turn to Listen….☺

                  Dr Laurent Florès, Founder, crmmetrix
                                 lflores@crmmetrix.com

 Associate Professor, Université Paris II Panthéon-Assas

                         www.twitter.com/laurentflores

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Best of Esomar Belgium 2010_Flores

  • 1. From Asking to Listening: Leveraging Insights from a connected world. Dr Laurent Florès, Founder, crmmetrix lflores@crmmetrix.com Associate Professor, Université Paris II Panthéon-Assas www.twitter.com/laurentflores
  • 2. N° 1 theme: Markets are conversations Do brands really « converse » ? No, they mainly talk
  • 3. Brands talk rather than listen 3000 messages every day, 188 by hour, 3 per minute The ratio of listening to talking is 1 to 50 (Source: Esomar & Veronis Suhler) They call it being « customer centric »…
  • 4. Yes time to change! And time to Listen more…
  • 5. How can we « re-invent » ourselves and develop new market research practices that meet the challenges of the “horizontal world”
  • 6. You say Listening, but How ? Leverage the potential of online conversations to listen to them (blogs, forums): netnography (Passive Listening) Source: Blogpulse Source: RTGI
  • 7. Is the Crowd wise? Multiple examples show indeed that the Crowd is often wise (under specific conditions): - Iowa Stock Exchange - Hollywood Stock Exchange - Predictive Markets Nowadays, Google is often of great help too « Listen »…
  • 8. Listening & Observing the Crowd with Google (Insights for Search & Ad Planner) for trend detection and competitive intelligence.
  • 9. Predicting the present and immediate future… Anticipating the possible future: Facebook, the new Google?
  • 10. How about the 2008 US Election? During the democrat party candidate election, Search levels clearly showed a favorable trend for Obama vs Clinton… Obama vs Clinton Source: Google Trends Search
  • 11. « An image is worth 10,000 words »…
  • 12. Hillary seemed clearly less « popular »
  • 13. The outcome of the 2008 US Election, Search showed us the way! You know of course… The Web knew as well with early predicting signals and trends… Obama vs McCain Source: Google Trends Search
  • 14. Using Website visits as proxies for forecasting movies in market success
  • 15. The inclusion of movie pre-release website trafic improves sales prediction by 50%! (*) (*) Belvaux B. et Florès L. : "L'utilisation des proxies du web pour la prédiction des marchés. Une application au marché cinématographique« , Décisions Marketing, 57, 2010.
  • 16. Behind blogs, forums, searches, images, the web are…. People Those people are active, participative, insightful They want to “participate”, are ready to “collaborate” rather than only “respond”…
  • 17. How to leverage the potential of “People’s Participation/Cooperation” to develop new market research solutions?
  • 18. Leverage participation to “better” listen to consumers when you ask questions: “Active Listening” with brandDelphi a “qual/quant approach”… how brandDelphi works : the insight delivery process Niche ideas Star ideas Static ideas Category drivers The system retains the Consumers are They express The result: a most promising ideas invited to their ideas consultation dynamically -the ideas ‘dialogue’ online and review platform that are classified according around specific the opinions allows thematic to their ‘traction power’ scenarios of the others development and attraction among concept build consumers
  • 19. idea analysis brandDelphi™ brandDelphi™ Allows ideas – even those that began as just ‘weak Topscore signals’ - are placed on the brandDelphi™ Insight Map, and prioritized for action The analysis is both qualitative and quantitative, and specific idea/word performance can be gauged . Niche ideas Star ideas Importance Static ideas Category drivers Relevance
  • 20. The move to “Research Based Community” or MROC
  • 21. Give Back: Build Recognition, Respect through Feedback
  • 22. RBC: “Research Based Community” MROC = Market Research Online Communities Passive Listening Consumers Consumers g nin iste L ive Brand Act
  • 23. A Taxonomy of New MR (Source: Ray Poynter)
  • 24. So, in a nutshell:
  • 25. Toward a New Research Paradigm? The vertical world The horizontal world QUESTIONNING LISTENING ONE SHOT ALWAYS ON QUANT vs QUAL QUANT & QUAL TRANSACTIONAL RELATIONNAL REPRESENTATIVE TARGETED DESCRIPTIVE INSIGHTFUL SCIENTIFIC ART & SCIENCE
  • 26. From Asking to Listening Listen passively and actively through different contact points (specially at the ones where consumers come to meet you/peers) Develop conversations Specifially with your most valuable consumers Respect People and Have Fun
  • 27. because conversing and learning from each other is the best way to develop and strengthen relationship
  • 28. Thank You for “Listening”… My turn to Listen….☺ Dr Laurent Florès, Founder, crmmetrix lflores@crmmetrix.com Associate Professor, Université Paris II Panthéon-Assas www.twitter.com/laurentflores