Category: marketing research

Crazy Ideas

Posted by – January 18, 2010

I spent last week putting the final touches on a Voice of the Customer research effort we conducted near the end of 2009.  As a product manager there is something very satisfying about coming back to the office with a list of potential ideas.

Listening to your customers is a great way to generate ideas.  Some of these ideas will align nicely with your current thinking and some will present challenges.  Then there are ideas that sound just plain crazy.

The just crazy ideas are usually the quickest to be dismissed.  The idea maybe technically impossible or cost prohibitive.  Often, it comes down to a belief that customers just won’t buy it.

However, paying attention to crazy ideas can pay off, and LEGOs are a great case study to prove it.  LEGO (eventually) started listening to the 5% minority of their customers (adults) who had become enthusiastic fans of the product line.  This minority set of customers were spending 50 times more a year than the 95% majority customer (the Gaspedal word of mouth marketing blog has a good overview of the LEGO case here).

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Twitter is Not a Focus Group*

Posted by – October 25, 2009

I have seen a lot of articles lately discussing how Twitter and social media is going to kill traditional market research.  Here is an example from the Creativity Unbound blog:

Yes we all want to get closer to our customers, know what they’re thinking, and unearth the insight that might make us, as marketers, more responsive to their needs and wishes.  But with all the alternatives available to us today, the question becomes even more relevant.  Are focus groups necessary at all?

Here is the main problem that I have with these statements:  unless you are developing a product that just happens to correlate exactly with the Twitter users that are giving you feedback, you may be missing parts of the picture.

So let’s go back to Evernote and use it as an example.

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