Tag Archives: marketing research

Evidence of Progress

I have the pleasure of having a group of educators as a client. Educators have a fascinating way of looking at the world. Typically, they talk and think about the same things as people in the business world do, educators just have different ways of describing those things.

Return on Investment

Take ROI (Return on Investment). In the business world, this typically refers to the expectation that you’ll receive a fair value for a service/product that you purchase. There can be positive ROI – you received equal or greater value. There can also be negative ROI – you received less value.

As marketers, we are constantly looking for ROI. To do so, we measure the analytics. How are our social channels performing? How is the website performing? How did our recent sale do? How did the [name your paid advertising campaign] do to increase sales? The analytics help us collect dots and hopefully paint a picture that defines the ROI.

Educators do the same thing with their students. They want to make sure that the time invested in their students is producing a positive result. They don’t call it ROI, however, they call it “evidence of progress.” Educators are constantly looking for evidence of progress. This is such a positive way of looking at things.

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Marketing research is great, but…

Often, marketing professionals talk about research. What’s the perfect market for our service? How will the market respond to our product? Who is the most likely to visit our store? What are the competitors doing and how are they doing it?

The results of the research can be enlightening, discouraging, or a variety of other adjectives. The question still remains: what do you do once you have the research?

Tinderbox Marketing Research

Research – just like marketing plans and business plans – is useless unless put into practice. If you’ve narrowed down the perfect demographic to target with your marketing, you have to actually market to them.

The key part of the research should include where your audience is living, and how they engage in those spaces. Whether it’s on social channels or in real-world environments, your target demographic has characteristics. Your research should be teaching you all about those things so you can communicate more effectively.

But the key will always be  in doing. Research is useless without action.

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