SlideShare a Scribd company logo
How to overcome Inertia



        Robin de Rooij
                                        Margreet Hanemaaijer
        Senior Project Manager
                                        Today’s webinar host
        Telecom, Finance & Durables




SKIM Webinar | January 26, 2012
My product is great. Why don’t people buy it?
    What prevents them from acting?




2
Overcoming inertia is about a balancing act

    • Triggers                                           • Barriers
       • Aspects of the product and                             • Doubts or concerns that
         its use that cause people to                             people may have about the
         be excited about it and                                  product and stops them
         cause them to act                                        from acting




3                SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
To help overcome inertia, we work with different types of
    communication

        True motivators                                      Reassurances
    •   Motivate consumers to purchase                   •    Help consumers to overcome
        the product                                           barriers and doubts
    •   Represent new news                               •    E.g., endorsement claims, claims
    •   E.g., claims expressing the true                      of no side effects or adverse
        promise                                               effects




4                  SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
To capture such trade-offs in market research,
    an interview procedure mimics a conversation
    between the brand and the consumer



5
SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
Space View
                                                                                     example




    http://youtu.be/V_3iMXKfF00

7                    SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
Step by step, we learn more about why a consumer wants
a product or not
And a consumer will only buy if all requirements are met

     Interest            Is the consumer interested in the product concept?

                         Are the communicated benefits compelling and
    Benefits             relevant?
                         What are the doubts preventing the consumer from
     Doubts              acting, if any?
                         Are reassurances powerful enough to overcome the
 Reassurances            doubts of the individual?
                         Is price a barrier to the consumer, what is a
      Price              consumer’s reference point?


                SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
At every intersection, a product can fail to convince


                                                                                                    SOLD!
                                                                         Willing to pay
                                                                          the price?
                                               Overcome the
                                                                                                  Not reached
                                                 doubts?
                         Like the
                                                                          Not reached
                        benefits?
     Interested?                                Not reached
                      Not reached




9                  SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
Based on this insight, SKIM has developed the
     integrated Triggers & Barriers approach




10
In Triggers & Barriers, we use an integrated approach to
     maximize the Reach of a product




11              SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
Performing a Triggers & Barriers study

     •   Performing a study requires a good understanding of the market
          • What are relevant triggers?
          • What are relevant barriers?
          • How can these be addressed?


     •   This is an integrated solution to understand reach. So if one part is not
         accurate enough, overall results will suffer

     •   In case you are unsure what the main Triggers & Barriers are in the market
         you are operating in, we recommend performing qualitative research first to
         obtain this understanding


12                   SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
Back to the Space View Example




13
For prospects to be persuaded, all criteria must be met

                                                                           Mr. A         Mrs. B    Mr. C

         Interest            Concept exposure

                             Positive triggers, e.g.,
         Benefits            adventurous, unique
                             Reassurances, e.g., certified
      Reassurances           safety, no harmful side-effects

          Price              Willingness to pay € 70,000

        Persuaded            Persuaded or not


14                  SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
What do you think?



     • Which of the following Triggers would motivate you
       most to buy a ticket for Space View?


     • Which of the following Barriers would stop you from
       buying a ticket for Space View?


15             SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
For each barrier, we have one or more predefined
     reassurances

         Barriers                                                Reassurances
     •   Safety – Crashing                            •     Safer than most airlines due to proven NASA
                                                            technology and safety standards
     •   Safety - Health problems                     •     Weightlessness does not cause
                                                            health problems unless exposed for
                                                            extended period of time (months)
     •   Physical Discomfort                          •     Launch and landing are no more
                                                            uncomfortable than a roller coaster ride
     •   Limited visibility                           •     33% of earth surface covered in clouds, but
                                                            you will always have a magnificent view


18                     SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
To what extent can the proposed reassurances take away
     barriers and why?

               Safety - Crashing             19%               29%           10%         24%     14%



        Safety - Health problems          11%         17%     6% 14%          8%



            Physical Discomfort          7%      11%        9% 6%                  Definitely
                                                                                   Probably
                                                                                   May or may not
                Limited visibility 6% 10%               8% 5%
                                                                                   Probably not
                                                                                   Definitely not


19                SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
In many cases, the absence of brand can also be
     considered a doubt

       Barrier                                                  Reassurance
     • I’m afraid the product or                                • If the product or service is
       service is offered by an                                   offered by …, I will trust it
       untrustworthy brand                                             • This could be multiple or NO
                                                                         brands.



             55%                                                                                     45%
                                        35%                          20%
       Do not trust unless             NASA                          KLM                     KLM - NASA

20                    SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
With an integrated approach, we put it all into
     perspective


     • Strength of Triggers & Barriers


     • Reassuring/ addressing these barriers


     • Added value of multiple communication messages




21                SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
This allows us to understand the total Reach based on a
     communication strategy
         Message 1          Message 2                  Message 3                             Total Reach

          Benefit 1       Reassurance 1              Reassurance 2                               64%

          Benefit 1       Reassurance 1                                                          45%

          Benefit 1                                                                              12%




      • Some people do not have strong doubts or barriers, they can be reached by just focusing
        communication on a relevant benefit, but this is generally a small group
      • Most consumers have strong doubts and need to be reassured, multiple reassurances
        allows the brand to reach more consumers

22

                      SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
TURF analysis allows us to discover an optimal number of
     messages to communicate
     This does not yet take into account limited amount of space for
     communication
              100%
      Total
      Reach   80%

              60%                                                                Total Reach
                                                                                 based on
              40%                                                                Triggers &
                                                                                 Barriers
              20%

               0%                                                            Number of messages
                        1       2      3       4       5      6       7      communicated

23                SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
Finally, we measure purchase likelihood at a number of
     price levels
     Purchase                                                                                        Revenue
     likelihood                                                                                      measure
      100%                                                                                               € 35   mln
                                                                                                         € 30
       80%
                                                                                                         € 25
       60%                                                                                               € 20

       40%                                                                                               € 15

                                                                                                         € 10
       20%
                                                                                                         €5

        0%                                                                                               €0
                  € 50,000               € 70,000                 € 90,000               € 110,000

                                    Purchase Likelihood (%)              Revenue

24                   SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
So in the end we can…

     •   Help you to overcome inertia and successfully launch your product by
         identifying a balanced mix of messages that maximizes action.


     •   Optimize Reach and Revenues, identifying the best combination of
         communication and pricing to target those willing to pay


     •   Strategies can be targeted to those most likely to take action, because
         overcoming barriers is harder for some people than for others




25                  SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
How inert are your customers? And Why?




26
Go to www.skimgroup.com/webinar-inertia
               for today’s presentation slides and more!



        Robin de Rooij                                Margreet Hanemaaijer
        r.derooij@skimgroup.com                       m.hanemaaijer@skimgroup.com
        +31 10 282 3525                               +31 10 282 3514




Find out about our next webinar at skimgroup.com/join-our-marketing-webinars.

More Related Content

Similar to SKIM Webinar "How to overcome Inertia"

Managing scope creep in IT projects
Managing scope creep in IT projectsManaging scope creep in IT projects
Managing scope creep in IT projectsHimanshu Prabhakar
 
Blue Ocean Strategy
Blue Ocean StrategyBlue Ocean Strategy
Blue Ocean Strategypolscilover
 
MICG - Strategy and Risk Management for MTU Services
MICG - Strategy and Risk Management for MTU ServicesMICG - Strategy and Risk Management for MTU Services
MICG - Strategy and Risk Management for MTU Services
Kenny Ong
 
Agile Auckland agile 101 back to basics
Agile Auckland   agile 101 back to basicsAgile Auckland   agile 101 back to basics
Agile Auckland agile 101 back to basics
Edwin Dando
 
Certificate Program in Leading Innovation and Growth
Certificate Program in Leading Innovation and GrowthCertificate Program in Leading Innovation and Growth
Certificate Program in Leading Innovation and Growth
CMG - The Digital Transformation Association
 
Startup Failure Is Not What You Think (Redux)
Startup Failure Is Not What You Think (Redux)Startup Failure Is Not What You Think (Redux)
Startup Failure Is Not What You Think (Redux)
Sergey Sundukovskiy
 
Using Blue Ocean Strategy
Using Blue Ocean StrategyUsing Blue Ocean Strategy
Using Blue Ocean Strategy
mikebreewood
 
Using Blue Ocean Strategy
Using Blue Ocean StrategyUsing Blue Ocean Strategy
Using Blue Ocean Strategy
mikebreewood
 
Sales process in a buyer 2 world london
Sales process in a buyer 2 world londonSales process in a buyer 2 world london
Sales process in a buyer 2 world london
Jurgen Heyman
 
How to build a startup may 2017
How to build a startup   may 2017How to build a startup   may 2017
How to build a startup may 2017
Raomal Perera
 
JAY RAO_2 Marshmallow game + emergent strategies
JAY RAO_2 Marshmallow game + emergent strategiesJAY RAO_2 Marshmallow game + emergent strategies
JAY RAO_2 Marshmallow game + emergent strategies
ACC1Ó_dinamització clústers
 
Product variety and its cost to your company
Product variety and its cost to your companyProduct variety and its cost to your company
Product variety and its cost to your company
Emcien Corporation
 
Agile presentation ONA12
Agile presentation ONA12Agile presentation ONA12
Agile presentation ONA12vpowers
 
Innovation versus Business
Innovation versus BusinessInnovation versus Business
Innovation versus Business
Malcolm Ryder
 
ITI Challenge Briefing 2012
ITI Challenge Briefing 2012ITI Challenge Briefing 2012
ITI Challenge Briefing 2012
InterTradeIreland
 
Inodev m v 2.0 uk
Inodev m v 2.0 ukInodev m v 2.0 uk
Inodev m v 2.0 uk
Jorge Possollo
 
Business Analyst to Product Owner: Making the Leap
Business Analyst to Product Owner: Making the LeapBusiness Analyst to Product Owner: Making the Leap
Business Analyst to Product Owner: Making the Leap
BigVisible Higdon
 
How to build a startup iCubed 2017
How to build a startup  iCubed 2017How to build a startup  iCubed 2017
How to build a startup iCubed 2017
Raomal Perera
 
Marketing, Sales Process and Selling Skills for Accounting Firms – Marketing ...
Marketing, Sales Process and Selling Skills for Accounting Firms – Marketing ...Marketing, Sales Process and Selling Skills for Accounting Firms – Marketing ...
Marketing, Sales Process and Selling Skills for Accounting Firms – Marketing ...
Practice Paradox
 

Similar to SKIM Webinar "How to overcome Inertia" (20)

Managing scope creep in IT projects
Managing scope creep in IT projectsManaging scope creep in IT projects
Managing scope creep in IT projects
 
Blue Ocean Strategy
Blue Ocean StrategyBlue Ocean Strategy
Blue Ocean Strategy
 
hp 2005 Presentation
hp 2005  Presentationhp 2005  Presentation
hp 2005 Presentation
 
MICG - Strategy and Risk Management for MTU Services
MICG - Strategy and Risk Management for MTU ServicesMICG - Strategy and Risk Management for MTU Services
MICG - Strategy and Risk Management for MTU Services
 
Agile Auckland agile 101 back to basics
Agile Auckland   agile 101 back to basicsAgile Auckland   agile 101 back to basics
Agile Auckland agile 101 back to basics
 
Certificate Program in Leading Innovation and Growth
Certificate Program in Leading Innovation and GrowthCertificate Program in Leading Innovation and Growth
Certificate Program in Leading Innovation and Growth
 
Startup Failure Is Not What You Think (Redux)
Startup Failure Is Not What You Think (Redux)Startup Failure Is Not What You Think (Redux)
Startup Failure Is Not What You Think (Redux)
 
Using Blue Ocean Strategy
Using Blue Ocean StrategyUsing Blue Ocean Strategy
Using Blue Ocean Strategy
 
Using Blue Ocean Strategy
Using Blue Ocean StrategyUsing Blue Ocean Strategy
Using Blue Ocean Strategy
 
Sales process in a buyer 2 world london
Sales process in a buyer 2 world londonSales process in a buyer 2 world london
Sales process in a buyer 2 world london
 
How to build a startup may 2017
How to build a startup   may 2017How to build a startup   may 2017
How to build a startup may 2017
 
JAY RAO_2 Marshmallow game + emergent strategies
JAY RAO_2 Marshmallow game + emergent strategiesJAY RAO_2 Marshmallow game + emergent strategies
JAY RAO_2 Marshmallow game + emergent strategies
 
Product variety and its cost to your company
Product variety and its cost to your companyProduct variety and its cost to your company
Product variety and its cost to your company
 
Agile presentation ONA12
Agile presentation ONA12Agile presentation ONA12
Agile presentation ONA12
 
Innovation versus Business
Innovation versus BusinessInnovation versus Business
Innovation versus Business
 
ITI Challenge Briefing 2012
ITI Challenge Briefing 2012ITI Challenge Briefing 2012
ITI Challenge Briefing 2012
 
Inodev m v 2.0 uk
Inodev m v 2.0 ukInodev m v 2.0 uk
Inodev m v 2.0 uk
 
Business Analyst to Product Owner: Making the Leap
Business Analyst to Product Owner: Making the LeapBusiness Analyst to Product Owner: Making the Leap
Business Analyst to Product Owner: Making the Leap
 
How to build a startup iCubed 2017
How to build a startup  iCubed 2017How to build a startup  iCubed 2017
How to build a startup iCubed 2017
 
Marketing, Sales Process and Selling Skills for Accounting Firms – Marketing ...
Marketing, Sales Process and Selling Skills for Accounting Firms – Marketing ...Marketing, Sales Process and Selling Skills for Accounting Firms – Marketing ...
Marketing, Sales Process and Selling Skills for Accounting Firms – Marketing ...
 

More from SKIM

SKIM Segmentation - Examples of client deliverables
SKIM Segmentation - Examples of client deliverablesSKIM Segmentation - Examples of client deliverables
SKIM Segmentation - Examples of client deliverables
SKIM
 
Turning tactical discounts into an effective price promotion strategy - EPP P...
Turning tactical discounts into an effective price promotion strategy - EPP P...Turning tactical discounts into an effective price promotion strategy - EPP P...
Turning tactical discounts into an effective price promotion strategy - EPP P...
SKIM
 
Mobile Ready Hero Images: Optimizing eContent for faster, easier online shopping
Mobile Ready Hero Images: Optimizing eContent for faster, easier online shoppingMobile Ready Hero Images: Optimizing eContent for faster, easier online shopping
Mobile Ready Hero Images: Optimizing eContent for faster, easier online shopping
SKIM
 
Turning a corner on negative perceptions of refugees in europe
Turning a corner on negative perceptions of refugees in europeTurning a corner on negative perceptions of refugees in europe
Turning a corner on negative perceptions of refugees in europe
SKIM
 
How new mobile research can help you uncover true consumer preferences in eme...
How new mobile research can help you uncover true consumer preferences in eme...How new mobile research can help you uncover true consumer preferences in eme...
How new mobile research can help you uncover true consumer preferences in eme...
SKIM
 
Co-presenting a webinar on “Long term impact of promotions” with PepsiCo
Co-presenting a webinar on “Long term impact of promotions” with PepsiCo Co-presenting a webinar on “Long term impact of promotions” with PepsiCo
Co-presenting a webinar on “Long term impact of promotions” with PepsiCo
SKIM
 
Iterative Multilevel Empirical Bayes (IMEB): An efficient flexible and robust...
Iterative Multilevel Empirical Bayes (IMEB): An efficient flexible and robust...Iterative Multilevel Empirical Bayes (IMEB): An efficient flexible and robust...
Iterative Multilevel Empirical Bayes (IMEB): An efficient flexible and robust...
SKIM
 
"Big simulators with dozens of products: Which conjoint method is most suitab...
"Big simulators with dozens of products: Which conjoint method is most suitab..."Big simulators with dozens of products: Which conjoint method is most suitab...
"Big simulators with dozens of products: Which conjoint method is most suitab...
SKIM
 
Co-presented with Mars Petcare on "Disrupting the habitual consumer decision ...
Co-presented with Mars Petcare on "Disrupting the habitual consumer decision ...Co-presented with Mars Petcare on "Disrupting the habitual consumer decision ...
Co-presented with Mars Petcare on "Disrupting the habitual consumer decision ...
SKIM
 
SKIMspiration 2015 - Consumer Decision Journey
SKIMspiration 2015 - Consumer Decision JourneySKIMspiration 2015 - Consumer Decision Journey
SKIMspiration 2015 - Consumer Decision Journey
SKIM
 
The Patient Journey Evolution: A case study
The Patient Journey Evolution: A case studyThe Patient Journey Evolution: A case study
The Patient Journey Evolution: A case study
SKIM
 
ESOMAR LATAM 2017 - Swipe right, swipe left: Implicit research metric via eng...
ESOMAR LATAM 2017 - Swipe right, swipe left: Implicit research metric via eng...ESOMAR LATAM 2017 - Swipe right, swipe left: Implicit research metric via eng...
ESOMAR LATAM 2017 - Swipe right, swipe left: Implicit research metric via eng...
SKIM
 
Webinar "How to screen 100+ concepts with MaxDiff"
Webinar "How to screen 100+ concepts with MaxDiff"Webinar "How to screen 100+ concepts with MaxDiff"
Webinar "How to screen 100+ concepts with MaxDiff"
SKIM
 
How new mobile research techniques create better insights
How new mobile research techniques create better insightsHow new mobile research techniques create better insights
How new mobile research techniques create better insights
SKIM
 
Optimizing the OMNI in Omnichannel
Optimizing the OMNI in OmnichannelOptimizing the OMNI in Omnichannel
Optimizing the OMNI in Omnichannel
SKIM
 
Developing and Testing Product Claims
Developing and Testing Product ClaimsDeveloping and Testing Product Claims
Developing and Testing Product Claims
SKIM
 
Webinar "Insight Acceleration: From 6 weeks to 22 hours of research"
Webinar "Insight Acceleration: From 6 weeks to 22 hours of research" Webinar "Insight Acceleration: From 6 weeks to 22 hours of research"
Webinar "Insight Acceleration: From 6 weeks to 22 hours of research"
SKIM
 
IIeX EU 2017 - How new mobile research techniques can create better insights
IIeX EU 2017 - How new mobile research techniques can create better insightsIIeX EU 2017 - How new mobile research techniques can create better insights
IIeX EU 2017 - How new mobile research techniques can create better insights
SKIM
 
PMRC USA 2017 - Mobile Forecasting in the Age of Personalized Medicine
PMRC USA 2017 - Mobile Forecasting in the Age of Personalized MedicinePMRC USA 2017 - Mobile Forecasting in the Age of Personalized Medicine
PMRC USA 2017 - Mobile Forecasting in the Age of Personalized Medicine
SKIM
 
Unspoken™: Swipe left, swipe right - The only way is mobile
Unspoken™: Swipe left, swipe right - The only way is mobileUnspoken™: Swipe left, swipe right - The only way is mobile
Unspoken™: Swipe left, swipe right - The only way is mobile
SKIM
 

More from SKIM (20)

SKIM Segmentation - Examples of client deliverables
SKIM Segmentation - Examples of client deliverablesSKIM Segmentation - Examples of client deliverables
SKIM Segmentation - Examples of client deliverables
 
Turning tactical discounts into an effective price promotion strategy - EPP P...
Turning tactical discounts into an effective price promotion strategy - EPP P...Turning tactical discounts into an effective price promotion strategy - EPP P...
Turning tactical discounts into an effective price promotion strategy - EPP P...
 
Mobile Ready Hero Images: Optimizing eContent for faster, easier online shopping
Mobile Ready Hero Images: Optimizing eContent for faster, easier online shoppingMobile Ready Hero Images: Optimizing eContent for faster, easier online shopping
Mobile Ready Hero Images: Optimizing eContent for faster, easier online shopping
 
Turning a corner on negative perceptions of refugees in europe
Turning a corner on negative perceptions of refugees in europeTurning a corner on negative perceptions of refugees in europe
Turning a corner on negative perceptions of refugees in europe
 
How new mobile research can help you uncover true consumer preferences in eme...
How new mobile research can help you uncover true consumer preferences in eme...How new mobile research can help you uncover true consumer preferences in eme...
How new mobile research can help you uncover true consumer preferences in eme...
 
Co-presenting a webinar on “Long term impact of promotions” with PepsiCo
Co-presenting a webinar on “Long term impact of promotions” with PepsiCo Co-presenting a webinar on “Long term impact of promotions” with PepsiCo
Co-presenting a webinar on “Long term impact of promotions” with PepsiCo
 
Iterative Multilevel Empirical Bayes (IMEB): An efficient flexible and robust...
Iterative Multilevel Empirical Bayes (IMEB): An efficient flexible and robust...Iterative Multilevel Empirical Bayes (IMEB): An efficient flexible and robust...
Iterative Multilevel Empirical Bayes (IMEB): An efficient flexible and robust...
 
"Big simulators with dozens of products: Which conjoint method is most suitab...
"Big simulators with dozens of products: Which conjoint method is most suitab..."Big simulators with dozens of products: Which conjoint method is most suitab...
"Big simulators with dozens of products: Which conjoint method is most suitab...
 
Co-presented with Mars Petcare on "Disrupting the habitual consumer decision ...
Co-presented with Mars Petcare on "Disrupting the habitual consumer decision ...Co-presented with Mars Petcare on "Disrupting the habitual consumer decision ...
Co-presented with Mars Petcare on "Disrupting the habitual consumer decision ...
 
SKIMspiration 2015 - Consumer Decision Journey
SKIMspiration 2015 - Consumer Decision JourneySKIMspiration 2015 - Consumer Decision Journey
SKIMspiration 2015 - Consumer Decision Journey
 
The Patient Journey Evolution: A case study
The Patient Journey Evolution: A case studyThe Patient Journey Evolution: A case study
The Patient Journey Evolution: A case study
 
ESOMAR LATAM 2017 - Swipe right, swipe left: Implicit research metric via eng...
ESOMAR LATAM 2017 - Swipe right, swipe left: Implicit research metric via eng...ESOMAR LATAM 2017 - Swipe right, swipe left: Implicit research metric via eng...
ESOMAR LATAM 2017 - Swipe right, swipe left: Implicit research metric via eng...
 
Webinar "How to screen 100+ concepts with MaxDiff"
Webinar "How to screen 100+ concepts with MaxDiff"Webinar "How to screen 100+ concepts with MaxDiff"
Webinar "How to screen 100+ concepts with MaxDiff"
 
How new mobile research techniques create better insights
How new mobile research techniques create better insightsHow new mobile research techniques create better insights
How new mobile research techniques create better insights
 
Optimizing the OMNI in Omnichannel
Optimizing the OMNI in OmnichannelOptimizing the OMNI in Omnichannel
Optimizing the OMNI in Omnichannel
 
Developing and Testing Product Claims
Developing and Testing Product ClaimsDeveloping and Testing Product Claims
Developing and Testing Product Claims
 
Webinar "Insight Acceleration: From 6 weeks to 22 hours of research"
Webinar "Insight Acceleration: From 6 weeks to 22 hours of research" Webinar "Insight Acceleration: From 6 weeks to 22 hours of research"
Webinar "Insight Acceleration: From 6 weeks to 22 hours of research"
 
IIeX EU 2017 - How new mobile research techniques can create better insights
IIeX EU 2017 - How new mobile research techniques can create better insightsIIeX EU 2017 - How new mobile research techniques can create better insights
IIeX EU 2017 - How new mobile research techniques can create better insights
 
PMRC USA 2017 - Mobile Forecasting in the Age of Personalized Medicine
PMRC USA 2017 - Mobile Forecasting in the Age of Personalized MedicinePMRC USA 2017 - Mobile Forecasting in the Age of Personalized Medicine
PMRC USA 2017 - Mobile Forecasting in the Age of Personalized Medicine
 
Unspoken™: Swipe left, swipe right - The only way is mobile
Unspoken™: Swipe left, swipe right - The only way is mobileUnspoken™: Swipe left, swipe right - The only way is mobile
Unspoken™: Swipe left, swipe right - The only way is mobile
 

Recently uploaded

Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
Nicola Wreford-Howard
 
The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...
balatucanapplelovely
 
An introduction to the cryptocurrency investment platform Binance Savings.
An introduction to the cryptocurrency investment platform Binance Savings.An introduction to the cryptocurrency investment platform Binance Savings.
An introduction to the cryptocurrency investment platform Binance Savings.
Any kyc Account
 
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdfBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
daothibichhang1
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
FelixPerez547899
 
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesEvent Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Holger Mueller
 
Set off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptxSet off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptx
HARSHITHV26
 
BeMetals Investor Presentation_June 1, 2024.pdf
BeMetals Investor Presentation_June 1, 2024.pdfBeMetals Investor Presentation_June 1, 2024.pdf
BeMetals Investor Presentation_June 1, 2024.pdf
DerekIwanaka1
 
Understanding User Needs and Satisfying Them
Understanding User Needs and Satisfying ThemUnderstanding User Needs and Satisfying Them
Understanding User Needs and Satisfying Them
Aggregage
 
Building Your Employer Brand with Social Media
Building Your Employer Brand with Social MediaBuilding Your Employer Brand with Social Media
Building Your Employer Brand with Social Media
LuanWise
 
amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
marketing317746
 
VAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and RequirementsVAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and Requirements
uae taxgpt
 
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdfikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
agatadrynko
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
fisherameliaisabella
 
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Lviv Startup Club
 
Authentically Social Presented by Corey Perlman
Authentically Social Presented by Corey PerlmanAuthentically Social Presented by Corey Perlman
Authentically Social Presented by Corey Perlman
Corey Perlman, Social Media Speaker and Consultant
 
3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx
tanyjahb
 
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
agatadrynko
 
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Arihant Webtech Pvt. Ltd
 
Authentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto RicoAuthentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto Rico
Corey Perlman, Social Media Speaker and Consultant
 

Recently uploaded (20)

Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
 
The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...
 
An introduction to the cryptocurrency investment platform Binance Savings.
An introduction to the cryptocurrency investment platform Binance Savings.An introduction to the cryptocurrency investment platform Binance Savings.
An introduction to the cryptocurrency investment platform Binance Savings.
 
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdfBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
 
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesEvent Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
 
Set off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptxSet off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptx
 
BeMetals Investor Presentation_June 1, 2024.pdf
BeMetals Investor Presentation_June 1, 2024.pdfBeMetals Investor Presentation_June 1, 2024.pdf
BeMetals Investor Presentation_June 1, 2024.pdf
 
Understanding User Needs and Satisfying Them
Understanding User Needs and Satisfying ThemUnderstanding User Needs and Satisfying Them
Understanding User Needs and Satisfying Them
 
Building Your Employer Brand with Social Media
Building Your Employer Brand with Social MediaBuilding Your Employer Brand with Social Media
Building Your Employer Brand with Social Media
 
amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
 
VAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and RequirementsVAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and Requirements
 
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdfikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
 
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
 
Authentically Social Presented by Corey Perlman
Authentically Social Presented by Corey PerlmanAuthentically Social Presented by Corey Perlman
Authentically Social Presented by Corey Perlman
 
3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx
 
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdfikea_woodgreen_petscharity_cat-alogue_digital.pdf
ikea_woodgreen_petscharity_cat-alogue_digital.pdf
 
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
 
Authentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto RicoAuthentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto Rico
 

SKIM Webinar "How to overcome Inertia"

  • 1. How to overcome Inertia Robin de Rooij Margreet Hanemaaijer Senior Project Manager Today’s webinar host Telecom, Finance & Durables SKIM Webinar | January 26, 2012
  • 2. My product is great. Why don’t people buy it? What prevents them from acting? 2
  • 3. Overcoming inertia is about a balancing act • Triggers • Barriers • Aspects of the product and • Doubts or concerns that its use that cause people to people may have about the be excited about it and product and stops them cause them to act from acting 3 SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
  • 4. To help overcome inertia, we work with different types of communication True motivators Reassurances • Motivate consumers to purchase • Help consumers to overcome the product barriers and doubts • Represent new news • E.g., endorsement claims, claims • E.g., claims expressing the true of no side effects or adverse promise effects 4 SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
  • 5. To capture such trade-offs in market research, an interview procedure mimics a conversation between the brand and the consumer 5
  • 6. SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
  • 7. Space View example http://youtu.be/V_3iMXKfF00 7 SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
  • 8. Step by step, we learn more about why a consumer wants a product or not And a consumer will only buy if all requirements are met Interest Is the consumer interested in the product concept? Are the communicated benefits compelling and Benefits relevant? What are the doubts preventing the consumer from Doubts acting, if any? Are reassurances powerful enough to overcome the Reassurances doubts of the individual? Is price a barrier to the consumer, what is a Price consumer’s reference point? SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
  • 9. At every intersection, a product can fail to convince SOLD! Willing to pay the price? Overcome the Not reached doubts? Like the Not reached benefits? Interested? Not reached Not reached 9 SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
  • 10. Based on this insight, SKIM has developed the integrated Triggers & Barriers approach 10
  • 11. In Triggers & Barriers, we use an integrated approach to maximize the Reach of a product 11 SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
  • 12. Performing a Triggers & Barriers study • Performing a study requires a good understanding of the market • What are relevant triggers? • What are relevant barriers? • How can these be addressed? • This is an integrated solution to understand reach. So if one part is not accurate enough, overall results will suffer • In case you are unsure what the main Triggers & Barriers are in the market you are operating in, we recommend performing qualitative research first to obtain this understanding 12 SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
  • 13. Back to the Space View Example 13
  • 14. For prospects to be persuaded, all criteria must be met Mr. A Mrs. B Mr. C Interest Concept exposure Positive triggers, e.g., Benefits adventurous, unique Reassurances, e.g., certified Reassurances safety, no harmful side-effects Price Willingness to pay € 70,000 Persuaded Persuaded or not 14 SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
  • 15. What do you think? • Which of the following Triggers would motivate you most to buy a ticket for Space View? • Which of the following Barriers would stop you from buying a ticket for Space View? 15 SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
  • 16. For each barrier, we have one or more predefined reassurances Barriers Reassurances • Safety – Crashing • Safer than most airlines due to proven NASA technology and safety standards • Safety - Health problems • Weightlessness does not cause health problems unless exposed for extended period of time (months) • Physical Discomfort • Launch and landing are no more uncomfortable than a roller coaster ride • Limited visibility • 33% of earth surface covered in clouds, but you will always have a magnificent view 18 SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
  • 17. To what extent can the proposed reassurances take away barriers and why? Safety - Crashing 19% 29% 10% 24% 14% Safety - Health problems 11% 17% 6% 14% 8% Physical Discomfort 7% 11% 9% 6% Definitely Probably May or may not Limited visibility 6% 10% 8% 5% Probably not Definitely not 19 SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
  • 18. In many cases, the absence of brand can also be considered a doubt Barrier Reassurance • I’m afraid the product or • If the product or service is service is offered by an offered by …, I will trust it untrustworthy brand • This could be multiple or NO brands. 55% 45% 35% 20% Do not trust unless NASA KLM KLM - NASA 20 SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
  • 19. With an integrated approach, we put it all into perspective • Strength of Triggers & Barriers • Reassuring/ addressing these barriers • Added value of multiple communication messages 21 SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
  • 20. This allows us to understand the total Reach based on a communication strategy Message 1 Message 2 Message 3 Total Reach Benefit 1 Reassurance 1 Reassurance 2 64% Benefit 1 Reassurance 1 45% Benefit 1 12% • Some people do not have strong doubts or barriers, they can be reached by just focusing communication on a relevant benefit, but this is generally a small group • Most consumers have strong doubts and need to be reassured, multiple reassurances allows the brand to reach more consumers 22 SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
  • 21. TURF analysis allows us to discover an optimal number of messages to communicate This does not yet take into account limited amount of space for communication 100% Total Reach 80% 60% Total Reach based on 40% Triggers & Barriers 20% 0% Number of messages 1 2 3 4 5 6 7 communicated 23 SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
  • 22. Finally, we measure purchase likelihood at a number of price levels Purchase Revenue likelihood measure 100% € 35 mln € 30 80% € 25 60% € 20 40% € 15 € 10 20% €5 0% €0 € 50,000 € 70,000 € 90,000 € 110,000 Purchase Likelihood (%) Revenue 24 SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
  • 23. So in the end we can… • Help you to overcome inertia and successfully launch your product by identifying a balanced mix of messages that maximizes action. • Optimize Reach and Revenues, identifying the best combination of communication and pricing to target those willing to pay • Strategies can be targeted to those most likely to take action, because overcoming barriers is harder for some people than for others 25 SKIM Webinar | January 26, 2012 | “How to overcome Inertia” | Robin de Rooij
  • 24. How inert are your customers? And Why? 26
  • 25. Go to www.skimgroup.com/webinar-inertia for today’s presentation slides and more! Robin de Rooij Margreet Hanemaaijer r.derooij@skimgroup.com m.hanemaaijer@skimgroup.com +31 10 282 3525 +31 10 282 3514 Find out about our next webinar at skimgroup.com/join-our-marketing-webinars.