Using Focus Groups To Gain More About The Customers

February 25th, 2011 by admin No comments »

Using Focus Groups To Gain More About The Customers PhotoConsider using focus groups to find out more about your customers and what they think of your products and services. Most people know the focus group technique, where customers are brought together and asked their opinion by a professional facilitator. In initial business-to-business satisfaction focus groups, we usually ask key account contacts a number of pointed questions about their expectations and how well the supplier is meeting them. Focus groups may take more time and effort than surveys, but the interaction with the group may provide clearer feedback.

Many companies use focus groups to look at new products, or focus on identifying solutions to problems. Software publisher Intuit used focus groups to assemble people who hadn’t purchased its software but were considered potential customers. It asked them why they weren’t customers, what problems they had in related areas, how software could help them.

In some cases, focus group discussions with customers are videotaped and used for several related purposes. With the tapes, there is an edited record of customer responses whose uses are limited only by the firm’s creativity. Such tapes can be used to:

1. Tighten and align the questions on satisfaction surveys.

2. Bring the “voice of the customer” into internal training programs.

3. Help determine which internal delivery systems are out of alignment with customer expectations.

4. Develop quicker employee buy-in for any process or system improvement.

Video focus groups are among the most powerful ways to create a sense of urgency about service quality. Employees tend to listen to customers more than they listen to their own supervisors. At the same time, video focus groups are a powerful way to capture targeted customer expectations systematically. There’s no better way to leverage a research investment.

Introduction to Marketing Strategy

February 23rd, 2011 by admin No comments »

Introduction to Marketing Strategy PhotoStrategy is focus. You have too much to do with too few resources. You therefore focus on specific target markets, on your most important products or services, and on your most productive sales and marketing activities. Much like the artist squinting to improve his vision, you need to see the high points and main priorities only, or the important points get lost in the details. Strategies that aren’t focused won’t work. When people have more than three or four priorities to deal with, the priorities get lost. When you have 20 strategic objectives in a plan, you won’t accomplish any. In the following is the ways to develop your strategy.

• Focus on selected target markets.

• Focus on selected target market needs and selected product or service offerings.

• Focus on your company’s strengths. Play toward your strengths and away from your weaknesses and take advantage of the opportunities ahead.

In other side, state your business in terms of its underlying value proposition. A value proposition defines the benefit offered, the target market group, and the relative pricing.

• What are the main benefits you offer?

• To what target customers?

• At what relative price?

When you are comfortable with the underlying value proposition, you can use it to develop and implement a marketing plan:

1. First, understand the value proposition in all three parts: the benefit, the target customer, and the pricing.

2. Second, communicate the value proposition. Using all the means you have, from advertising, positioning, public relations, packaging, or whatever other tools you have available, communicate that value proposition to your target market.

3. Third, fulfill the promise. If you’re offering greater reliability at a price premium, for example, make sure you deliver. If you’re stressing customer service, then deliver on that promise. Review all elements of the business in terms of how they affect your value proposition.