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Methodologies Utilized:
 Online bulletin board/focus group
 Social media recruitment
 Usability/UI/UE
 Quantitative
 Unique methods/custom




                                       user-friendly market research™




                                      CASE STUDY
    ThoughtCast vs. Traditional Focus Groups
user-friendly market research

Project Background

 An advertising agency working with a major
jewelry retailer requested a research project
to test out concepts and advertisements for a
       new line of engagement rings.
user-friendly market research

    Client Objectives

    This client wanted to explore what the
 engagement ring purchase process is like for
  couples in their major markets. We sought
opinions of males who were currently shopping
for engagement rings without their girlfriend’s
assistance, as well as females who planned on
  helping their significant other choose their
    engagement ring when the time came.
      Ultimately, the client wanted to use
   participants’ insights to test concepts and
design an ad campaign for the new line of rings.
user-friendly market research

       The Challenge

   The client wanted to conduct in-depth-
interviews with the target segments from their
three largest engagement ring markets in the
  U.S. However, the client had a very limited
 budget that barely covered facility costs and
travel to their three key markets, let alone any
          valuable research insights.
user-friendly market research

         Our Approach
  We proposed a more budget-friendly research
  option: an online ThoughtCast discussion that
 would allow our client to reach consumers in all
three markets without any of the costs for travel.
Our client could sign in to the research discussion
 at a time of their convenience to read participant
   responses and request additional moderator
 probes as necessary rather than sitting in a back
room as an uninvolved observer. Using the online
 methodology, we were able to talk to 30 people
 from three different markets for 90 minutes over
the three-day discussion. The online bulletin board
  methodology provided a richness of responses
incomparable to the feedback we receive from in-
  person focus groups – the discussion transcript
          was more than 200 pages long!
user-friendly market research

        The Outcome

Our client was thrilled. Using our recommended
   ThoughtCast approach, they were able to
 maximize their research budget and really got
more bang for their buck. With ThoughtCast, we
were able to ask more people more questions for
  less budget than we could with traditional in-
 room research. The client was able to take our
 research findings and put together a successful
advertising campaign for their new engagement
                    ring line.
user-friendly market research

           The Upside

 We worked with the client to understand their
 needs and made recommendations that best fit
   their desired research outcomes. We used
  technology to our advantage and helped our
  client get the feedback they needed at a price
that fit their budget. By working with our client’s
    budget constraints and using them to our
advantage, we provided a method that allowed us
 to exceed our client’s expectations and proved
that we’re always looking out for our clients’ best
                    interests.
user-friendly market research




              Thank You!
Contact us with questions or to request a proposal

                   212.660.0110
               info@goodmind.net
               www.goodmind.net

      Follow us on Twitter: @goodmindMR

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Case Study: ThoughtCast vs. Traditional Focus Groups

  • 1. Methodologies Utilized:  Online bulletin board/focus group  Social media recruitment  Usability/UI/UE  Quantitative  Unique methods/custom user-friendly market research™ CASE STUDY ThoughtCast vs. Traditional Focus Groups
  • 2. user-friendly market research Project Background An advertising agency working with a major jewelry retailer requested a research project to test out concepts and advertisements for a new line of engagement rings.
  • 3. user-friendly market research Client Objectives This client wanted to explore what the engagement ring purchase process is like for couples in their major markets. We sought opinions of males who were currently shopping for engagement rings without their girlfriend’s assistance, as well as females who planned on helping their significant other choose their engagement ring when the time came. Ultimately, the client wanted to use participants’ insights to test concepts and design an ad campaign for the new line of rings.
  • 4. user-friendly market research The Challenge The client wanted to conduct in-depth- interviews with the target segments from their three largest engagement ring markets in the U.S. However, the client had a very limited budget that barely covered facility costs and travel to their three key markets, let alone any valuable research insights.
  • 5. user-friendly market research Our Approach We proposed a more budget-friendly research option: an online ThoughtCast discussion that would allow our client to reach consumers in all three markets without any of the costs for travel. Our client could sign in to the research discussion at a time of their convenience to read participant responses and request additional moderator probes as necessary rather than sitting in a back room as an uninvolved observer. Using the online methodology, we were able to talk to 30 people from three different markets for 90 minutes over the three-day discussion. The online bulletin board methodology provided a richness of responses incomparable to the feedback we receive from in- person focus groups – the discussion transcript was more than 200 pages long!
  • 6. user-friendly market research The Outcome Our client was thrilled. Using our recommended ThoughtCast approach, they were able to maximize their research budget and really got more bang for their buck. With ThoughtCast, we were able to ask more people more questions for less budget than we could with traditional in- room research. The client was able to take our research findings and put together a successful advertising campaign for their new engagement ring line.
  • 7. user-friendly market research The Upside We worked with the client to understand their needs and made recommendations that best fit their desired research outcomes. We used technology to our advantage and helped our client get the feedback they needed at a price that fit their budget. By working with our client’s budget constraints and using them to our advantage, we provided a method that allowed us to exceed our client’s expectations and proved that we’re always looking out for our clients’ best interests.
  • 8. user-friendly market research Thank You! Contact us with questions or to request a proposal 212.660.0110 info@goodmind.net www.goodmind.net Follow us on Twitter: @goodmindMR