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Understanding Your Customers:Using Demographic and
Psychographic Analytics in Marketing
Suzanne P. Leckert, Convergence Strategy GroupJoe Witterschein, Tribal Gaming Services & Advisory Group, Inc.
![Page 2: Using Demographic and Psychographic Analytics in Marketingconvergencestrat.com/wp-content/uploads/2019/10/L... · Using Demographic and Psychographic Analytics in Marketing Suzanne](https://reader033.vdocument.in/reader033/viewer/2022043011/5fa470c7734f313634319f45/html5/thumbnails/2.jpg)
Why Do We Need to Do Research and Analytics?
Taking care of your customers is paramount– What is really important to them? – Have you asked?
To gain new customers, you have to know more than the next guy and know what to do with that information
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A “Voice of the Customer” is Necessary
Be committed to research with a purposeLooking WithinLooking AroundLooking Ahead
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How to Research?
1. Understand the demographics2. Quantitative survey your customers3. Qualitative focus groups-The Voice
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How Much?
Not as difficult or as much $$$ as you might thinkTechnology is driving the cost
downYou can train your team to do most simple
research tasksHire consultants for more sophisticated researchSince technology is lowering costs, consultants cost less
than in years past
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1. Understand the DemographicsNew and evolving tools (FREE)U.S. Census and American Fact FinderMost local government planning offices (online GIS)
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1. Understand the Demographics
New and evolving tools (INEXPENSIVE TO PRICEY)ESRI (ArcGIS, Business Analyst, Living Atlas)VisualDNA, Claritas, Dataline, and others
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1. Understand the Demographics
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1. Understand the Demographics
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1. Going Further - Psychographics
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1. Going Further - Psychographics
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1. Going Further - Psychographics
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2. Quantitative Survey – the “What”
Surveys of existing customersWho are they? How do their
demographics compare to the general market?
What is important to them? (CRITICAL!)How is your property performing on each of these needs? How does your core competitors perform on eachWhat is perception v. reality?
Surveys of general marketWhat gaps exist?
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2. Quantitative Survey – the “How”
Survey tools Survey Monkey, Google Forms, SoGoSurvey, Typeform,
Survey GizmoOnline surveys & Intercept
surveys
Be sure survey will deliver what you’re looking for Time: no longer than 5-7 minutesQuestions: basic demographic questions and then specific
pointed questions
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2. Quantitative Survey – the “Why” Dig deeper into what customers want, so can
target capital expenditures
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2. Quantitative Survey – the “Why” Estimate market share
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3. Qualitative ResearchAllows for a deeper
discussion Ideally situated to probe
behind the scenes of the quantitative findings
Focuses on the “Why”Opportunity to define what will move the needle Opportunity for Management to recalibrate
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When to Research? 1: Demographics1 x every few years
2. Quantitative Surveys1 to 2 x per year
3. Qualitative Focus Groups VIP Players: at minimum bi-monthly. The Pareto Principle
is critical! Active Player base: 1 x every other year Targeted customers: every 2-3 years (unless competitive
forces dictate)
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Use Your Research
Don’t be afraid to communicate with your customers Real listening is a loyalty
driver!
Share results with your team &gather insightsCustomer service initiativesMarketing plansCapital improvement planning
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Understanding Your Customers:Using Demographic and
Psychographic Analytics in Marketing
Suzanne P. Leckert, Convergence Strategy GroupJoe Witterschein, Tribal Gaming Services & Advisory Group, Inc.