understanding and getting the most from market research
DESCRIPTION
by Ann Grackin, ChainLink ResearchTRANSCRIPT
B2B Boot Camp
September 2012
© ChainLink Research 2002-2005; Proprietary & Confidential Information
Slide 2
How can you market if you don’t know…???
• You think you know the market• You think you understand your customers• You think you know your competitors• You think you are special• And you think getting in the magic quadrant
will get you recognition• You are probably wrong about some or all of the
above
And the market of market researchers—we have a market too- what makes us different and how you can use us to get the right data, the right answers and then go build your brand and succeed in your chosen market.
© ChainLink Research 2002-2005; Proprietary & Confidential Information
Slide 3
Why Market Research
Understand pain points
Understand the solutions
© ChainLink Research 2002-2005; Proprietary & Confidential Information
Slide 4
Differentiate
© ChainLink Research 2002-2005; Proprietary & Confidential Information
Slide 5
And add lasting value
© ChainLink Research 2002-2005; Proprietary & Confidential Information
Slide 6
Why Market Research
• Strategy for your company. Helps answer these:– Customer/Market Pain Points and Needs– Competition– Differentiation – Right Price– Right Message– Right Market
• Helps build a response to the market:– Focus– Targeting– Content– Are we winning? Why not?– New Partnership, New Acquisition
© ChainLink Research 2002-2005; Proprietary & Confidential Information
Slide 7
Finding the right Match
Between buyers and sellers
© ChainLink Research 2002-2005; Proprietary & Confidential Information
Slide 8
Positioning
Effective Positioning
Differentiation
Competition
The Value
Your Company
Your:• Technology• Talent• Services• Network• Delivery Architecture
Market/Customer• Needs and Challenges• Solution Match• How They
Buy/Implement• ROI Technology
Competitor’s:• Products• Positioning • Uniqueness
© ChainLink Research 2002-2005; Proprietary & Confidential Information
Slide 9
Answers
The Customers Process
Effective Strategic Selling
ProblemDefinition
SolutionSearch
Evaluation ValidationProblem
Identification
“What I need is…” “It must have…”“My problem is…”
Effective Sales Process
Our Unique Value
Proposition
Ease of Acquisition
Ease Of Adoption
Our UniquePosition
Pro
ble
m/
Solu
tion
m
atc
h?
Wh
y D
o
Som
eth
ing
?
Wh
y N
ow
?
Wh
y U
s?
Relevancy to Customer Pain Points Counter Objections and Competition
© ChainLink Research 2002-2005; Proprietary & Confidential Information
Slide 10
Testing Outcomes: Getting the Message Right!
Influencers
Prospects
Shareholders
PartnersMessaging
toEach
Audience
Have We Addressed : Right Audience Right Media Builds Relationship Establishing Credibility Demonstrates Value Alignment with organizations needs Addresses inhibitors to adoption Account team performance Countered Competitive Messages and
capabilities Whole Process Aligns with expectations
of project champion and decision makers?
© ChainLink Research 2002-2005; Proprietary & Confidential Information
Slide 11
Not all Market Research firms are the same
1 Standard Product for all customers
Write once-sell many:GartnerForresterIDC
Custom built for each customer
Constellation, ChainLink, MintJurtas
© ChainLink Research 2002-2005; Proprietary & Confidential Information
Slide 12
Sales
Lead Generation
Lead Nurturing
Sales/
Account
Sell/Upgrade
Close
Marketing
Right content at each stage in the Process
Market Awareness Marking Contacts Media, Events First Stage Collateral Articles Webinars
Nurture and grow Thought leadership Level Two
Collateral White Papers Case Studies High level VP
Sales Contact ROI Models Pricing Models Detail Case
Studies
Negotiate Customer
Reference Visits
Evidence and Community ROI harvest Case Studies Community Web site User Conference
© ChainLink Research 2002-2005; Proprietary & Confidential Information
Slide 13
Conclusion
Sometimes getting objectivity before you face the market is a good idea