Web2.0 – What does it mean and why does it matter to our business?
March 18, 2007, 6:27 pm
Filed under: Web2.0

The opening article in our Future Thinking series is a short interview with Nick Buckley, New Social Media Director, about Web2.0.

Is Web2.0 still a useful notion, or have the pundits now worn it out? Do you agree with Nick’s personal view on some of the reasons why it matters to Market Research practitioners and their clients?

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4 Comments so far
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Literally turning Marketing Research on its head:

Marketers and Market Researchers are conditioned to expecting answers from consumers of products and services from surveys and questionnaires. They are not as equally predisposed to expecting questions from consumers.

It is very likely that for market research to continue to be viable, especially in the online / Internet environment that the modus-operandi of consumer and market research be turned on its head to analyse the questions consumers have rather than the answers they give.

Example; to ask a consumer how many cigarettes he/she smokes a day, may solicit an answer but the answer may not be true, much less accurate. However, to have a consumer ask “what are the safe raw materials used in the production of a cigarette, reveals far more information about the interests of the consumer and provides more information to marketers about what they have to with their products or services and what innovations they need to bring about, in the eyes of the consumer to meet current consumer needs and satisfaction – to stay ahead of the competition.

Current trends are indicating that consumer online research and online panels may not be sustainable in a WEB2.0 environment – ESOMAR Panel Research 2007 – where consumers seek engagements more than they want to respond to surveys.

Giving consumers the ability to ask questions about products and services (then analyse the questions for creative ideas to improve product or service offerings) makes sense and would create the kind of engagement model of an “online panel community”, based on WEB2.0 technologies. It also ensures consumer and market research is relevant in the changing landscape of the Internet.

Comment by Vincent Fong

Vincent – thank you for this contribution and congratulations on being the first to respond. Creating this fairly low profile micro-blog and patiently waiting for someone to engage has itself been an experiment. Let’s see what happens next.

I agree with almost all you are saying here. We are strong advocates of online panel communities and the creation of conditions which stimulate customers to ask questions, but also to go further and advance their own theories (another species of ‘answer’) or to comment on those of others. That way we can begin to simulate the ‘emergence’ you get from consumers acting as a group, as well as individuals.

There’s a lot of work still to do to identify the size and intimacy of such panel communities, and in particular to choose between creating (or culturing) online communities and connecting with those that already exist. Different choices, on these dimensions, will correspond to different needs amongst our clients.

To push another question back to you – and gauge the extent to which you think Research needs to be turned completely on its head – do you see panel communities as a substitute for what mainstream (survey) online panels currently do, or as additionality (a source of greater insight perhaps), or as something we will ultimately have no choice about?

Thanks again for connecting,

Nick Buckley.

Comment by Nick Buckley

Hello Nick,

Thank you for comments above and I do agree with you that the research community has lots to do to catch up. One thing that baffles me is why isn’t there a market research community panel already to pull together all marketing researchers – if indeed market research is to go down that seeming inevitable path. This would give researchers a first hand feeling of what such a community is about and perhaps a understanding of the power of community panels to marketers and marketing research.

To answer your I think it is inevitable that it will become something that we don’t really have much of choice about. In fact, I envisage a time will come when the meaning of “community panels” on the internet will extend beyond convergence and engagement to the point where users can actually manipulate the foundations of the panel because of improved and friendly programming capabilities in the same way we currently manipulate the landscapes around ourselves or the renovate the home in which we reside. This has profound issues for marketing and marketing researchers. In the end, who is researching and who is researched becomes very blurred indeed.

Is this a wake up call to the researching community? I definitely think so – if they can envision such a future.

Comment by Vincent Fong

Hi Nick and Vincent,

Well i must say that i enjoyed reading comments from both of you. I clearly understand the power of Web.2.0 as told by Nick and the point of concern of Vincent where the consumer questions are still not considered through a panel of marketing researches. I am pursuing my M.A. in advertising and marketing from Coventry University, and i firmly believe that there should be a community started by us to tap the public opinion. For e.g.As Health concern is one of the most important issue that is handled by all marketers and manufacturers and a community where one can put their questions forward which would result in qualitative as well as quantitative analysis to the marketers.

Its been a pleasure reading comments from both of you. Ill try to be a regular blogger.

Thanks and Regards,
Vasant

Comment by Vasant




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