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5 essential tips to clearly define your ideal target market

Tomorrow People

Previous customer surveys, interviews, focus groups. This will depend on factors like market size, growth rates and price sensitivity. Large, fast-growing and price-insensitive segments are considered to be the most desirable because they tend to generate more revenue. Google Analytics. Social media analytics tools.

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The comprehensive marketer’s guide to brand research

Tomorrow People

In crowded markets, gaining a competitive advantage is key as it’s the only way you can sustainably attract new customers and maintain brand loyalty. Focus groups Compared to surveys, focus groups are a much less scalable method of brand research—so getting large amounts of standardised data shouldn’t be the goal here.

Research 156
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The comprehensive marketer’s guide to brand research

Tomorrow People

In crowded markets, gaining a competitive advantage is key as it’s the only way you can sustainably attract new customers and maintain brand loyalty. Focus groups. Compared to surveys, focus groups are a much less scalable method of brand research—so getting large amounts of standardised data shouldn’t be the goal here.

Research 156
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Why Customer Feedback is Valuable and 5 Tools for Collecting It

Navigate the Channel

And, if you don’t know what drives satisfied customers, you can’t create customer loyalty. Customer feedback is a valuable gift that can help you understand what drives customer satisfaction and create customer loyalty. Avoid relying totally on customer loyalty metrics, though. Why is Customer Feedback So Invaluable?

Tools 65
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What Is B2B Market Segmentation? Know All the How’s & What’s

Binary Demand

Gaining a comprehensive understanding of B2B market segmentation targeting and positioning is paramount for companies striving to bolster their competitiveness and profitability. The standard criteria include size, location, industry, revenue, buying patterns, loyalty, values, goals, structure, culture, and decision-making process.

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Look down the Road: Passikoff on Consumer Values

The Customer

If you hear it in a focus group, it’s too late. Oh, and they’re “elusive” because today most brand buying and loyalty decisions and expectations are more emotional than rational and grow at about 25% a year! The output identifies four category-specific, path-to-purchase behavioral loyalty drivers for a category-specific Ideal.

Loyalty 52
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The Ultimate Guide to Emotional Marketing

Hubspot

Sure, you compared prices and spent time reading about each product, but when it came time to make a decision, I’m betting you relied on your heart over your head. Studies show that good news and positive content spreads faster on social media than any other type of content. Better yet, what made you finally push "b uy" ?