7 Ways Your Loyalty App Can Help Your Business Grow

by Natasha Ambavle |

7 Ways Your Loyalty App Can Help Your Business Grow

In 2022, loyalty is the talk of the town. While most brands are reaping the benefits of their loyalty strategies, others are adopting loyalty marketing and upgrading their programs to suit the requirements of modern-day consumers. A loyalty card app for business has become a necessity in this day and age. With a number of … Read more

Why is 1st Party Data Important to Loyalty and How Do You Use It?

We all have ‘accepted cookies’ hastily while browsing through websites. Most of the time even without giving it a second thought. What we seldom realize is that with just one click we are sharing information with a person, team, a company, or more. Sharing information is not necessarily a bad thing; provided that the data … Read more

Why You Need Data and How to Extract It

Have you ever heard the phrase “Scientia potentia est”? It’s Latin for ‘Knowledge is Power’. Just like you might not understand the Latin phrase but do understand its essence, you may not fully comprehend the complex subject called data. But certainly, you are aware of its infinite potential, because, in today’s day and age, Data … Read more

Do You Know Your Customers Better Than Your Competitors?

Did you know, companies that adopt data-driven marketing are more likely to have an advantage over the competition and increase profitability? In fact, a recent Forbes article states that they are six times more likely to be profitable year-over-year. So, what is this customer data that drives success? In simple terms, it’s knowledge about your … Read more

The Cookie Crumbles: How Loyalty Is a Great Solve for 1st-party Data

Customer loyalty strategy

Data, data, data. Every day there are news stories about data, privacy, and changes to how many of us have collected data that we’ve depended on for years to fuel our acquisition efforts. It’s clear that a dramatic shift is underway when P&G enlists China’s help to collect iPhone app usage data without the help … Read more

6 Consumer Research Tools You’re Probably Not Using

Consumer Research Tools

The final buying decision of a customer is not usually straightforward. It gets shaped by various forces, be they cultural, social, psychological, and economical. Understanding how these factors prompt or repel people from buying is needed if marketers wish to succeed. The reason is that once you know the “actual” facts about the consumers, you can decide what consumer segment  needs to be on your marketing radar and, more importantly, how to get their attention. Consumer research, thus, is like a lighthouse for your marketing efforts. It gives direction to everything that marketers do.

Today’s marketers, especially ecommerce marketers, are lucky in a sense that they are living in a world where information about customers is never far away from them. Along with their own database, the market is flooded with tools which can further simplify their process of consumer research. Though there are plenty of such tools, I have listed down some of the most innovative consumer research tools.

1) Reddit

Reddit, a social news aggregation, web content rating, and discussion website, reaches over 200 million unique visitors each month from over 208 countries. This means that the chances of the presence of your desired target audience are very high here. Apart from being free, it boasts a presence of multiple communities called subreddits, groups of people that discuss common topics. This is precisely where the possibility to peep into the consumers’ mindsets arrives for marketers.

With the help of Subreddit Search Tool, you can search your keywords to find your audience on reddit. Suppose that you are selling nutritional products. Then, you might type in “nutrition” to bring up a list of subreddits related to that topic.

reddit

After combing through the top results in the subreddit, you can see the popularity of the post.

reddit upvote

As you can see, two of those top spots are taken up by talk of energy and nutrition. Now, through this you can understand what they are thinking about the overall nutritional products and industry. If you think that you have a product which can meet their expectations, you can target them accordingly. Remember that Reddit isn’t called the front page of the internet for nothing!

2) Google Trends 

Google is regarded by many as one of the most powerful consumer research tools. Its Google Trends feature in particular gives you an unobscured picture of how often particular keywords or subjects have been searched over a certain time period. Of course, you can check the keyword related to your brand as well as the keywords of your competitors – that too in a real time. As it gives refined results by location, category and search history along with the cause of the sudden rise in interest for few keywords, it tells you what people find more interesting, what is on their mind for most of the time and what they love the most.

google trends

3) Ratings and Reviews

Ratings and reviews is one of the most direct consumer research tools, as it gives marketers valuable insight into what their own customers think of their products, service, and brand. While it’s illuminating to visit third-party review sites and read reviews about competitors, you’ll get the most data as efficiently as possible by mining your own product review platform.

Your review solution should be able to do sentiment alerts and/or analysis, merchandising reports, and segment reviews based on issues pertaining to categories like fit, defective product, and shipping.

Click here to learn more about optimizing your ratings and reviews!

4) Social Data

Facebook has already become much more than a mere social media platform where people connect. As of the third quarter of 2016, Facebook had 1.79 billion monthly active users. Thus, Facebook’s massive repository of data makes it perhaps only second to Google in terms of the most powerful consumer research tools.

This data made it simple for the social media giant to come up with its own Facebook Audience Insights- a tool that is available to anyone through the Ad Manager interface. It’s an incredible way for marketers to gain access to data Facebook is gathering about its users. It is more useful to brands both that want to-

  • Use Facebook heavily for interacting with their audience.
  • Learn as much as possible about their core demographics.

The best part of this data is that Facebook provides it in a proper format of  graphs and other descriptive summaries by staying away from the irritating spreadsheets. It enables to provide you with the bird’s-eye view of your chosen group. And generally, this is what matter the most while making important marketing related decisions.

fb audience insights 2

You can also get valuable data from a social login solution. Social login lets your customers create an account and sign into your site using their existing profiles from platforms like Facebook, Google, Amazon, and more. It’s one of the most convenient consumer research tools, as it delivers social graph data about your customers and site users directly to you. Many social login clients use the solution to get data about the following:

  • Social network popularity: e.g., do your customers live on Facebook or do they choose Google?
  • Device use: See if shoppers are using desktops, tablets, or smartphones to order from you
  • Age
  • Gender
  • Region
  • Interests/likes

Read on below for more on consumer research tools…

5) Think with Google Marketer’s Almanac

Customers’ choices, and thus, trends change according to the seasons. Think With Google’s Marketer’s Almanac allows you to gather information on how people browse and buy according to seasonality. As it is able to tell  the slightest change in consumer behavior according to seasons, so you can catch the pulse of people by staying relevant. This, among all other consumer research tools, is especially valuable for those marketers whose businesses get severely affected by the seasonal fluctuations.

6) Customer Loyalty Data

A good customer loyalty program will act as a treasure trove of consumer information. In it, you’ll have your shoppers’ contact information, birthdays, and purchase history at the very least. You should also be able to pull in purchase data like recency, frequency, and average order value. With an optimized advocate loyalty program, you’ll be able to pull in advocate marketing data as well, including whether or not customers referred friends, submitted reviews, and so on. All in all, your customer loyalty program is one of the most comprehensive consumer research tools, as it can give you the following data to both analyze and segment:

  • Purchase recency, frequency, and average order value
  • Customer loyalty and advocate marketing data
  • Location of purchase or delivery
  • Type of product purchased
  • Interactions with your brand in-store, online, in-app, or on social
  • Any data imported from your CRM, ERP, ESP, or personalization engine

All of the aforementioned consumer research tools can show you vital insights, such as age group of consumers, their geographical location, their lifestyle, and more. What makes them even more desirable is that you can get hold of such valuable information without spending much. Many of these consumer research tools are free, and the ones that aren’t do double duty as acquisition, conversion, and retention solutions. The significance of this cost saving becomes startling when placed against the contradiction of paid consumer research.

Note: To learn more about all the information you can collect in your online or omni-channel customer loyalty program, don’t miss out on this post!. And this article will show you what to do with your advocate marketing data!

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