The Competitive Advantage

tag: research

April 15, 2015

Do you really know what clients want?

skilletI was flipping through a magazine this morning and came across a small article announcing a new product available to consumers.

It’s a Bluetooth-enabled frying pan that helps you find the right temp so you know when to flip your pancakes (or whatever you’re cooking). Are you serious?!

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September 17, 2014

Churn baby churn! The loss of clients.

I was talking with a long-time industry friend of mine this week and he made a really interesting comment. He said, “For every new client we pick up, we’re losing one or two.” He called it their ‘churn rate.’

Yikes! With those kinds of odds, it won’t take long before they’re in really serious trouble.

It’s a good lesson for all of us… What’s your churn rate?

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July 23, 2014

Is the customer always right? Uhhh… pretty much!

customer-feedback.133103555As I write this, I’m in the midst of a project with a client… helping them to develop their “go to market” messaging for a new service line. We’ve been talking about features and benefits, what “pain points” we think it addresses, what those that have tried it think about it and so on.

But we can only do so much. If you believe that “the buyer’s perception is the seller’s reality” (and I do!), then before my client makes any final decisions on messaging, he needs to get some input from those for whom the messaging is intended… his clients and prospects.

The fact is, getting feedback from clients could be the answer to most of your business questions and problems. Think about all the issues you deal with and where client input could be helpful…

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February 20, 2013

You’re a researcher… so do some for yourself to gain a competitive advantage!

Every day… you get up, go to the office, collect some data for your clients, interpret that data and give them some feedback to help them do their jobs better.  Yeah, a little over-simplified, but you get my drift.

So, here’s the question… are you doing that same thing for yourself?  Particularly with your marketing & sales as a way to help you do it better?

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August 28, 2012

Conduct an Old-fashioned SWOT Analysis to Find Your Competitive Advantage

The SWOT Analysis (Strengths – Weaknesses – Opportunities – Threats) has been around for a long time as a way to take a critical look at your own company.  Strengths and weaknesses are internally focused… opportunities and threats are for looking outward.

What you do is think about your own firm in terms of each of the four categories: “What are our strengths?”, “What are our weaknesses?” and so on.  In those answers could be ideas for helping you to move your company forward.  Not a bad process.

But even though it’s “old school,” with a few tweaks, the SWOT Analysis can continue to play a valuable role in helping to look deep inside your firm to find your competitive advantage(s) and market position to help drive future success.

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June 14, 2012

Want to know the REAL Story about your Firm? Here’s how…

We all want the research firms that employ us to be the best they can be… to provide top-notch service, use the most current methodologies and deliver the deepest insights for our clients.  So, how do we get there?

For many of us, we start with post-project client satisfaction surveys of some kind… for that immediate feedback on the work we just completed.  And you should continue to do that.  It’s good and valuable information – from clients who LIKE you.

Where you have an even bigger opportunity to learn is from those clients who DON’T like you… your ex-clients – those firms who used to bring their projects to you, but who, for whatever reason, no longer do business with you.  These firms can be an amazing source of insight about your firm, its services and much more.

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