Show me how to do consumer research!
Marketing is about decoding consumer behavior. If you’d like to try Talkwalker’s consumer intelligence platform, to find and unscramble your consumer insights, give our free demo a spin.
Businesses that conduct consumer research want to understand what drives a consumer. What they like and dislike. Why they love one brand, and avoid another.
Surveying consumers provides insights so that marketers can create consumer profiles, which highlight buying behavior, pain points, attitudes, and needs. Once this information is available, you can improve your offerings - product development, customer service, payment procedure, marketing campaigns, communication, paid ads - to align with customer expectations.
For example, supposing you're launching a new product. You'll need to find out precisely what consumers are looking for, so you're able to optimize it and meet their demands. Your consumer research will also provide actionable insights into how to present your new product to existing customers.
Using consumer research will help you gain a deeper understanding of what influences customer behavior, to support development of your business strategy, increase brand loyalty and trust, and deliver a healthy bottom line.
Let’s take a closer look at what consumer research is and how it can benefit your company, along with all the datasets you can access generated by your research.
Understanding consumers' decision making and purchasing behavior means your business can put customers at its core and be wholly customer-centric. This will increase customer satisfaction and loyalty, and drive more sales.
Not including consumer research in your marketing strategy means that you'll be making assumptions based on your knowledge of your industry and your product. Conversely, leading your marketing strategy with data and research can improve resonance with your audience and help convert more prospects into sales. Listening to consumers ensures that you don't waste time and money taking your business and/or product development in the wrong direction because you've ignored consumer demands.
This TED Talk from best-selling author Joseph Pine underscores how consumer research can help guide brands toward better product offerings by discussing how the evolution of branded products has driven different consumer wants and needs based on pricing, customization and availability.
Regardless of industry. Regardless of size. Your business will only succeed if you meet consumer demands, and drive loyalty across your customer base.
It’s essential that you recognize how your brand is perceived by consumers. The sentiment behind the comments. Their buying behavior. Their opinion of your competitors. Without consumer insights research tools, you’ll struggle to predict the changes in consumer behavior and needs, which in turn, will stunt the growth of your business.
In this Masterclass presentation, Cara Buscaglia, Chief Innovation & Insights Officer at Talkwalker, discusses the importance of leveraging real-time consumer intelligence to inform your consumer research and more effectively create a holistic customer experience.
Here are a few other reasons why researching consumers is so important for your brand:
When things are tight, with budgets being cut and consumers spending less, it’s time to target your marketing. Identifying consumers who are likely to purchase your products or services, and understanding how you should communicate with them becomes essential.
Ask questions. What’s influencing buying decisions? Which brands are consumers favoring over yours? Which brands are being ignored?
Talking to new customers about your brand - which channel they found you on, what they associate with your brand, why they switched to you from a competitor, which piece of content led to their purchase - provides insights into what’s working for you.
Understanding new customers’ journeys to your brand means you can target future campaigns.
Why are you losing customers? What’s caused them to switch to another brand? Until you understand this, you’re in danger of repeating whatever mistakes you’re making, and losing more.
Are your products missing the mark? Do your prices scare people away? Is the customer experience clunky? It’s impossible to improve if you don’t know what you’re doing wrong. Consumer research insights will enable you to make data-driven decisions to strengthen your business strategy.
Your team can sit around a table and guess why consumers are choosing you over your main competitors, or you could ask consumers.
Not wanting to diss your team, because I know they’re all experts in your product, but… making assumptions without customer input, is going to lead to your marketing campaigns missing their target, or product development going in the wrong direction.
The best consumer research blends art and science. It’s not quite as simple as that of course. While many have codified market research into various numbers of steps, the key tenets are the same.
Here’s a rudimentary example:
In this consumer research example, the original hypothesis was wrong - people who like soft drinks don’t need coolers. At least, not as much as people who drink something else do. Your research tells you that beer drinkers will buy coolers much more frequently.
This is important: do what the data tells you!
It’s okay to be wrong about your hypothesis, but your time and effort will be for nought if you don’t follow what you learn doing your consumer research. Trust your data, not your disproven hunches.
What are you actually looking for when you do your consumer research? A few different things.
Once you know what you’re after, find out who you’re up against.
Your competitor analysis strategy should include the following questions:
Get listening, not lucky. Social intelligence tools can power a brand to new levels of strategic insights, but you don’t need a fancy product or service to know when opportunity strikes. A simple listening solution like TweetDeck could be all you need to strike at just the right moment and achieve virality.
Opportunities come in many forms, like memes, user-generated content, or retro moments. If you’re not trying to hear from all parties on all channels at all times, you’ll find you’re missing more opportunities than you ever thought possible.
Social media audiences are evolving. They’re becoming more mature, and they’re demanding more from brands.
No, you can’t just have my info. The same message doesn’t work on every platform. Social’s not some task to be dumped onto the intern. If your brand can’t understand these simple truths, the simple truth is that audiences won’t understand you either.
Social intelligence will help you identify audiences and segments that are predisposed to certain messages, helping you to achieve greater success trying to target and reach them. Listening will help you understand what builds loyalty, and how to cultivate it.
The last point your consumer research should help you pinpoint is how to align your brand in this magical trifecta.
Your consumer research should help you answer these unknowns.
Here are some of the best, most affordable consumer research tools to help you conduct your consumer research. They range from fonts of information on humanity itself like Google or Facebook, to real-time solutions to your customers immediate problems like Talkwalker or TweetDeck.
Talkwalker’s consumer intelligence platform is an ideal consumer research solution, regardless of budget. Offering free consumer research methods and tools in addition to paid analytics, our platform provides several solutions, including…
Use our free Talkwalker Alerts to monitor in real time the words, ideas, and personas of the consumers that your brand’s trying to reach. You’ll also be able to learn what forums and social media platforms they’re active on, to further focus your marketing strategy.
Talkwalker Alerts - free consumer/customer research tool.
Like Google Alerts, but supercharged, set up alerts to receive mentions from websites, blogs, forms, and Twitter. Yep, you can monitor Twitter.
You can research further into these likely consumers using Talkwalker’s Free Social Search, which includes seven days of data. Another free consumer insights tool, it’s perfect for tracking an important event in your industry, checking competitors’ campaigns, or taking a snapshot of a week in the world of your target audience.
Free Social Search for hashtags, events, competitors, consumers...
Quick Search, Talkwalker’s social media search engine, is ideal for new practitioners of social media listening and monitoring to start their consumer research.
Quick Search analysis will reveal mentions, engagement, sentiment, potential reach, and consumer demographics.
Using sentiment analysis, image recognition, hashtag tracking, and easily followable core KPIs, the widgets allow anyone to get an at-a-glance look into the minds of the consumers they want to reach.
It’s also a great tool for experts who want to scrutinize in detail their ideal consumer.
The Talkwalker consumer intelligence platform offers brands social intelligence, market intelligence, and customer intelligence. Talkwalker can take your companies’ owned customer data from focus groups or online surveys, and compare it to your social mentions and existing market research to develop robust insights about your target market, your competitors, and your industry.
We’d love to give you a tour and help your brand go from insights to impact.
People are constantly searching for the answers to questions and solutions to their problems. The best consumer research methods will dig into those queries, and find out how your brand can help.
Google Trends analyzes the popularity of top search queries in Google Search across multiple regions and languages.
Capitalize on emerging trends or find an underserved niche that desperately needs a solution your product can provide. However you go about it, Google Trends is a free data collection tool, packed with great datasets that’ll help you understand customer pain points and interests. It’s also one of the best consumer behavior research tools for analyzing consumer behavior.
Remesh is a qualitative insights tool that makes it easy to gather qualitative data to shape your marketing strategy. Using Remesh, marketers can have a live conversation with up to 1,000 people simultaneously, and the platform sorts all of that incoming qualitative data for you into simple, easy to understand insights about customers.
The Remesh Hub, where marketers can aggregate and analyze qualitative feedback to yield research-driven insights relating to its customers.
By facilitating live conversations with hundreds of people at once, marketers can better understand what their audience is saying in real time. These qualitative insights move beyond typical demographic data to give marketers a hand up in guiding strategic marketing decisions.
If Google Trends should be used more ephemerally, to insert your brand as a solution, Audience Insights from Facebook is best used for the hard sell. Facebook knows its audiences, and knows how to sell to them. Use their insights to help power your brand forward.
Inspire campaigns that are meaningful to people and drive real results.
This research tool finds data about your audiences, allowing you to compare audiences, plan campaigns, and create targeted ads. Using native and third-party-data, Audience Insights can break down your audience according to:
You can also identify trending topics that people are posting on Facebook, so you can create content that resonates with consumers, and increase your follower numbers.
Choose your goals - more leads, boost a post, more website visitors, more calls, promote your page.
Understanding social mentions is the first step to social listening, but analyzing text for the author’s emotions can help marketers understand the root of customer challenges and frustrations. This is the goal of Heartbeat Ai.
Heartbeat Ai goes beyond traditional analytics and sentiment analysis to recognize emotions and themes in your qualitative text data. HEARTBEAT HX is an empathy analytics platform that measures the complexity of human experience (HX) that helps organizations communicate more authentically and empower companies to uncover truths about their customers and employees.
Leveraging AI at scale, Heartbeat Ai analyzes text based on over 20,000 emotional words and phrases to give marketers better understanding of how customers feel about a given brand or product
Real-time monitoring of everything that’s important to you, on Twitter. Use Boolean queries to build out columns or lists monitoring everything from the competition, the keywords, the hashtags, or the purchase intent of your target customers.
Here’s a quick guide to Boolean operators if that sounds complex.
TweetDeck for consumer research on Twitter.
TweetDeck is great if you're looking to jump into live discussions with consumers. The platform is connected to your Twitter account and has the options to add multiple accounts. Best of all, it’s a free consumer research tool!
In 7 easy steps you’ll have your persona laid out in front of you, including their business needs, job responsibilities, who they report to, their goals and challenges all compiled on one easy reference sheet.
Create a buyer persona that your entire company can use to market, sell, and serve better.
Finding the perfect influencer for your cultural niche doesn't have to be hard - even if you're looking for a B2B influencer.
Audiense helps marketers and consumer researchers to put consumer segmentation and cultural understanding front and center of their strategy. The platform applies machine learning to instantly understand who makes up your target audience. They also include two free plan options.
Typeform makes surveying customers and consumers user friendly. This survey form builder tool can help marketers make consumer research easier with a mobile-optimized user experience to get insights directly from consumers.
Typeform shows consumers one prompt at a time, enabling a more casual, comfortable way for consumers to disclose demographic and psychographic information. This means that the platform can not only produce better research data from younger users, but it can also support a variety of question formats including multiple choice, short-form questions and rating scales.
Typeform’s simplified survey interfaces help consumers answer research for marketers in a comfortably designed, user-friendly format.
This handy tool lets you calculate margins of error, helping you to verify your datasets and increase your confidence levels.
Determine your ideal survey sample size in seconds.
2023's social media trends, plan now!
70+ PR & marketing experts. 50+ actionable insights. 10 social media trends. Increase consumer engagement, improve brand visibility, drive ROI.
Where are you even going to find the data you need to power your insights? These databases below should cover most of your needs.
Download these datasets to get statistically rigorous insights into the trends and attitudes shaping the country and the world. Whether you’re doing primary or secondary research, you’re sure to uncover something new about your target audience with this dataset.
Statista includes great charts with their wide variety of datasets that cover many industries and subcommunities.
The Twitter firehose + 150 million websites crawled daily in 187 languages? Over 500 million results a day? The path to customer research that creates customer satisfaction is there. We’ll help you narrow it down.
The simple interface makes it easy to get going in just a moment. This tool can definitely help you reach the audience you want in a place you didn’t expect, or an audience you didn’t know you wanted.
"Forget expensive surveys or time-consuming research. SparkToro identifies your customers' biggest sources of influence, and the hidden gems - so you can reach them where they hang out."
You know people have probably done the research into your topic before, right? See if they put it up on Tableau Public, which has thousands of freely accessed reports pulled from a huge array of datasets. Plus, it’s all displayed beautifully, as expected from Tableau.
Census.gov features US population data collected nationally every ten years.
If you’re an American citizen, you helped fund Census Bureau research. And therefore you’re able to access the data for free.
Detailed demographic and income trends are easy to uncover across counties or states. This is the perfect place to start your primary research. Target those Facebook ads!
I mean, how’d you get here? If you used a search engine, you should be incorporating the data around searched terms into your consumer research.
Audiences on Facebook are inclined to buy, and Facebook knows when to get them to do it. You should arm yourself with this knowledge too.
Why do consumer research? They're the driving force behind your business decisions.
Put consumers first and understand what they want, what they like, what drives them,and which channels they spend time on. You'll find new markets where you can promote your brand. Plus, the insights you collect will help you customize and target your social media and paid ad campaigns.
Consumer research tools can help avoid expensive mistakes when launching new products by gathering feedback from customers and performing competitor analysis, to find preferred features, so you provide a product based on the expectations of consumers.
Having a plan is important, but your business has to remain relevant. Researching trends and consumer needs, then adapting your long-term plan will ensure your brand grows alongside the changes in consumer behavior and demands.
Talkwalker's consumer intelligence platform will help your brand evolve to continue meeting the needs of consumers. Sign up for a free demo from one of our team of experts.