Monday, March 23, 2009

30-SECOND SURVEY WAS A MARKETING TEST

Imagine asking me that?

The survey is over and here are the results. In a group of 48 members, at the time, 20%, responded to the 30-second survey. That 20% spoke for everyone because they represented a significant enough sample size to draw some conclusions. If you are here to learn, this was a marketing lesson.

Think about it, the first thing you should try to do is understand your market. Find out what they want and what they are doing. In fact, find out as much about them as possible. So, was the survey a success? Here is what I found out from the short 30-second survey.

I was impressed with the results and the yield. But, what must be going through your mind right now is well if only 20% of the population responded, that could not have been very successful.

Well there is a proposition advanced by neuro-linguistic programming (NLP) that questions cannot be “not answered” . Sometime we may not want to face it but the answer is always there. Think on it for a moment. When a question is not answered, is that not an answer in itself? That’s the reason why the subject of the email announcing the survey was very specific on the time it would take. This was a marketing test. I learned…

That 80% of the group members, at that point in time, thought that 30 seconds would slow them down. Too busy, don’t think it mattered or had too many emails on FB that they are all deleted. Point is that the reason does not matter; it’s the results that counts. I don’t think that there was a possibility that the 80% of the members did not get that email or did not check their FB account for 5 days.

Remember that these members voluntarily opted in to receive tips and marketing strategies delivered into their in box at free. And that it right there,” free”. The internet is about free and joining many programs are free so we stack them up and forget about them. If you don’t like the free stuff you can freely leave. Apparently, our instinctive, almost insatiable desire to learn more exceeds our available time.

I happen to think it’s perfect, because one thing we do know in marketing is that free works. But it must be understood.

Free gets you a crowd of hand raisers and in that population you will find your conversions. Let me share another interesting thought; the member who don’t read these emails are not reading this either. Takes too long and must be digested with the speed of broadband. I think now you can see why a 20% response is considered successful. But that was not the only surprise.

On the first question about the single most important thing you wanted to learn from this group> Most respondents picked strategic planning (54%), how to advertise (45%), writing marketing plans (27%) and selling your own product or service (27%) direct response advertising (2%) and copy writing(2%). Those were very interesting revelations on that question.

On the question of how much you read the majority ended up in the 60-80 percent. So, does that mean I cut down what I write about 20%? There were a few on the lower range in term of how much was read but that only represent 3% of the respondents.

Here is another interesting fact, 90% of the respondents are engaged in some type of marketing. Maybe they look at reading about marketing as work?

I hope that your questions about why we went international was answered in the results of this survey. The lesson to be learned here is that you must know your market, audience, customers or clients. The only way to know is to ask. Ask in a way that it’s easy for them to respond. Don't expect a response from everyone and make decisions based on what they tell you.

As always be well.

4 comments:

  1. Hey Mr Puckerin i'm new to this whole blogging thing. Im glad to join this though, keep up the good work! :)could you please create a blog about customer retention, im very interested in this! thank you in advance!

    ReplyDelete
  2. Hey Devon, Thanks for the encouragement. You seem to be doing pretty good with this "new blogging thing" too. Least you know how to make a comment.

    I'm happy to see that you are concerned about customer retention instead of just customer relations. Most people are only concerned with getting new customers and ignore the ones they have even though its their bread and butter.

    Tell me a little about what you do and I could write something on it that may be of help to you.

    Thanks for doing this blog thing, smile.

    Take care and hope to hear from you soon.

    Tony

    ReplyDelete
  3. Hello sir, i'm a marketing student and i'm doing an assignment on customer retention strategies whereby i have to compare theory to practice of a chosen company, i've already compiled information on the importance of retention (that's my first article for my literature review) and you're quite right by saying most people are only concerned with new customers rather than old customers, secondly i did research on retention strategies( second article), i was wondering if you could please shed some light with respect to retention strategies.. i would love to hear your perspective on it, also any further information on customer retention that i may consider for my third article would be greatly appreciated. i know there's something i'm missing out.. please assist me, thank you in advance sir! I look forward to your reply! Take care.

    Devon

    ReplyDelete
  4. Hey Devon,

    I understand your perspective but not having read any of your previous articles I don't know what you have already covered.

    I can make a big assumption that you have not looked at the concept of "life time value" of a customer. This can be determined by analyzing the historical behavior and averaging how long a customers stays with a business.

    If you have not covered that concept do some research on it because it. Google "life time value customer" and get an appreciation of it. That is the reason for improving customer retention.

    OK that's my big guess. Send me your article by email or on Facebook.

    Hope my suggestion helps.

    Tony

    ReplyDelete

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