How To Maximize Your Online Research

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How To Maximize Your Online Research Advantages And Disadvantages Of Doing Research On The Internet And, What Is Coming Around The Bend? Tom Breur London, 16 February 2006 tombreur@xlntconsulting.com www.xlntconsulting.com +31-6-463 468 75 Why Is Internet Important For Researchers? Internet is the largest repository of human knowledge Online research makes up about 50% (£ 2 Billion) of total research expenditures Internet technology is changing „common‟ research practices Internet makes it feasible to reach „remote‟ subjects www.xlntconsulting.com 2 Research Framework direct surveys Focus groups Satisfaction reports Time & motion studies Self attitude Mystery behaviour Clickstream Split shopping (site testing) Participative observation (user/news groups) analysis testing (click throughs) indirect www.xlntconsulting.com 3 Split Testing Can: Replace Ad-copy testing – at a fraction of the cost Provide „quick and dirty‟ sanity checks for new communication concepts Get higher conversion rates = more sales Increase average sale per customer Double or triple a business – overnight! www.xlntconsulting.com 4 Successful Split Testing Is: 30% Copywriting  Copy, site layout, offer 30% Technology  Accurate tracking, unintrusive to users, highly scalable 30% Methodology and systems  Processes for setting up tests, dealing with volatile traffic, proper test design 10% luck!  On one occasion a new idea worked, and sales went up by a factor of 3. Volume was 300% bigger the next day (make sure your servers are ready)! www.xlntconsulting.com 5 Before A Split Test A debt offer – 30% conversion rate www.xlntconsulting.com 6 After The Test The winning redesign - 59% conversion www.xlntconsulting.com 7 Advantages Of Internet (1) Shorter turn around cycles Lower marginal cost of additional interviews Research projects scale up much better Possibilities for complex interview routing Opportunity for tight experimental control International research projects become feasible www.xlntconsulting.com 8 Advantages Of Internet (2) Access to real-time information Greater response accuracy Automated processing / reduced human error No interviewer bias Less sampling distribution problems www.xlntconsulting.com 9 Challenges Of Using Internet Marketing databases (mostly) organized around „physical‟ address Even slight misspelling of email address will be fatal Email addresses change more often Technical challenges of mass email shots Problem of self-selection bias Respondent identification challenges www.xlntconsulting.com 10 Comparing Survey Methods Attributes Cost Speed of response Response rate Population segments accessible Geographic reach Accessibility of medium to respondents Internet survey Personal interview Telephone interview Mail survey -+ + ++ ++ ++ -/+ ++ -/+ - -/+ ++ ? ++ -? + -/+ -/+ -/+ + ++ Time taken for survey distribution www.xlntconsulting.com ++ 11 -- -/+ -- How Representative Is Internet Research? Sample group should resemble target market as close as possible Not everyone has internet (yet): inherent bias Consider restricted or unrestricted samples, screened, recruited, or intercept samples No method is “perfect”, but many ways exist to mitigate sampling bias www.xlntconsulting.com 12 Wrap Up Internet has large impact for research:  Doing ‘traditional’ research in new ways (online surveys, complex routing)  Doing new types of research (split testing, clickstream analysis) Getting a representative sample is hardly an issue anymore (in most cases) Internet has huge value for researchers, reach out and benefit! www.xlntconsulting.com 13 Resources (1) Books     David Aaker, V. Kumar & George Day (1998) Marketing Research Peter Chisnall (2001) Marketing Research Donald Cooper & Pamela Schindler (2001) Business Research Methods Edward Forest (2003) Internet Marketing Intelligence: Research Tools, Techniques, and Resources  Carl McDaniel & Roger Gates (2002) Marketing Research: The Impact of the Internet Articles  Barry De Ville (1995) “Internet for Market Researchers”. Marketing Research: A Magazine of Management and Applications, Summer, Vol. 7, No. 3, pp. 36-38  D. Bachman, J. Elfrink & Vazzana (1996) Tracking the Progress of Email vs. Snail Mail, Marketing Research, Vol. 9, No. 3, pp. 31-35 www.xlntconsulting.com 14 Resources (2) Hyperlinks  CyberAtlas (2001) “The World‟s Online populations” http://cyberatlas.internet.com/big_picture/geographics/article/o,1323591 1_151151,00.htm  Internet Public Library (general facts and figures) http://www.ipl.org  Galaxy (general facts and figures) http://www.galaxy.com  Richard Waller (2001) “How Big is the Internet” http://www.waller.co.uk/web.htm  Market research and industry news: http://www.worldopinion.com  Marketing research review: http://www.quirks.com  Market research resources: http://www.researchinfo.com www.xlntconsulting.com 15

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