Research results used to take weeks or months. But now brands need “some data”—the best available data—to drive decision-making in an ever-accelerating business environment
Note: This is the third article in a series of blog posts from our CEO & Founder, Matt Kleinschmit, exploring the principles of conversational research design. To get notified of new content from this series and for more best practices for market research and insight professionals, subscribe to our blog.
Today, businesses can’t wait that long. Thanks to ubiquitous social media and the ever-present instant messaging platforms consumers communicate on, the window to capture thoughts and opinions has shrunk to minutes and seconds.
Just look at what happened to Burger King earlier this year. On International Women’s Day in March, Burger King sent out a tweet that said, simply, “Women Belong in the Kitchen.” Subsequent tweets explained the context—it was part of a corporate campaign promoting a cooking scholarship for female employees—but social media didn’t capture that nuance. Within 24 hours, after a firestorm of controversy—and countless hours spent explaining and apologizing for the ill-conceived attempt at sarcasm—Burger King deleted the tweet.
In the old days—say, 2001—the speed of business would have allowed that controversy to simmer for days before a survey was conducted and a PR agency hired to put out the fire.
90% of people read an SMS message within the first three minutes of it being sent.
Last Spring, as the pandemic began shutting down major global economies and severely altering the well-established consumer routines that major brands depend on to drive sales volume, many of our clients began looking for fast answers on the impact of these changes to their business. We quickly created a community of consumers that allowed our clients to have near real-time understanding of changing consumer behaviors throughout the year. From breakfast consumption and shopping routines to TV streaming and video conference behaviors, we were able to capture instant insights on what’s changing and why – without having to wait weeks or months for results.
In another example of the immediacy of mobile messaging-based insight approaches, a major recreational vehicle brand that has been experiencing unexpected sales increases during the pandemic recently turned to Reach3 to help in quickly getting consumer feedback on potential new brand tag lines. Faced with an unforeseen executive presentation within 48 hours, they quickly deployed one of our fast, mobile messaging-based conversational exercises to test several new tag line ideas. By triggering the exercise with a mobile notification, the company was able to capture several hundred responses within a few hours of launching the exercise, capturing not only robust quantitative feedback, but also rich qualitative input and revealing video selfies of consumers explaining their preferences.
Faced with an unforeseen executive presentation within 48 hours, they quickly deployed one of our fast, mobile messaging-based conversational exercises to test several new tag line ideas.
And even before the pandemic, our sister company Rival Technologies worked with the Vancouver Canucks hockey team to help that organization better understand the fan experience and figure out factors that convert fans into season ticket holders. Traditionally, a sports team might have sent an email survey days—maybe weeks—after the experience had passed. But in an age of volatile customer loyalty, waiting that long to gain insight makes informed decision-making near impossible.
At the Canucks games, using fans’ mobile phones, we were able to capture “in the moment” insights—and fast. Fully 33% of the Canucks fans we surveyed responded within the first six minutes—with average response rates between 50 and 70%. When fans return to the arena later in 2021, having this sort of instantaneous, two-way communication will be critical for the Canucks as they try to rebuild confidence in a post-pandemic world.
33% of the Canucks fans we surveyed responded within the first six minutes—with average response rates between 50 and 70%
Voltaire, quoting an Italian proverb, famously said that,“perfect is the enemy of good”—and brands are realizing that having fast, instant consumer insights is critical to staying ahead of emerging trends. Keeping close with consumers—wherever they are, however they’re communicating—is the new speed of doing business.