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Keynote Presentation March 22, 2016

Using Market Research to Boost your Brand

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Page 1: Using Market Research to Boost your Brand

Keynote Presentation

March 22, 2016

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Some Housekeeping• 30 minute webinar + 15 minutes for Q&A • Ask questions through the Zoom Control Panel • Tweet during the webinar with #mStonerNow • Fill out the post-webinar evaluation • Check your inbox next week for the webinar recordings and slide decks

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Using Market Research to Boost

Your Brand

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• 4

What We’ll Cover•

1) Conducting market research at an education institution.

2) Common mistakes when conducting market research.

3) How market research informs your brand strategy.

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is what you stand for in the minds of the people you’re trying to reach, influence, and move to action.

• Brand

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How do you manage something that’s in people’s minds?

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Model for Brand Management

Desired perceptions about brand

Influence perceptions about brand

Visual Identity & Logos Tone & Voice Storytelling

Marketing Plan Content Strategy

Website Publications Advertising

Earned Media Actual Experiences

... (Strategy)

(Tactics)

(Results)

Actual perceptions about brand

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It all starts with understanding perceptions

of your brand.

• 8

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It all starts with understanding perceptions

of your brand.

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external

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Conducting market research at an education institution.

SECTION ONE:

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Who should participate in research?

• Prospective students

• Current students

• Parents - current or prospective

• Guidance counselors

• Alumni

• Higher ed leaders

• Hiring managers

• Civic/government leaders

• Major donors

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Who shouldn’t participate in research?

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• “Everyone”

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Qualitative Research

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Qualitative research:• Is a conversation

• Answers the “why?”

• Is extremely flexible

• Provides a foundation for quantitative

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Types of qualitative research:• Focus groups

• In-person

• On-line

• One-on-ones

• Used for sensitive topics

• Can supplement focus groups

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Conducting qualitative research:• Develop a script, but don’t be hemmed in

• Keep digging

• Don’t take notes

• Listen more than you talk

• Get comfortable with silence

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Limits of qualitative research:

• Budget sometimes dictates talking to your own people

• People are really bad at predicting their own behavior

• Usually limited to people with high affinity (unless you provide incentives)

• And even then…

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Quantitative Research

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Quantitative research:• When it follows qualitative research, it can ensure

that you have the right brand attributes

• Tracks changes in brand awareness and perceptions over time

• Reaches a larger (and more external) audience

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Limits of quantitative research:• To do quantitative research, you need the right

sample size (otherwise it’s just a questionnaire)

• If you do quantitative without first doing qualitative, you’ll be left with many “why” questions

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Common mistakes when conducting market research.

SECTION TWO:

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Talking to the wrong people.

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Leading the witness.

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Asking people to predict their future behavior.

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Doing the wrong kind of research.

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Calling it quantitative (when it’s not).

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Believing everything you hear.

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How market research informs your brand strategy.

SECTION THREE:

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1 Confirm things you’ve long suspected.

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2 Disprove or dispel internal thinking about your institution.

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3 Test an idea before going to market.

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4 Develop a brand strategy and adopt a plan for managing your brand.

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5 Understand the gaps.

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Gap: Medium

Current Position: Academically rigorous, prestigious, traditional, known for humanities research

Desired Position: Academically rigorous, highly innovative, forward-thinking scientific and biomedical research

Gap Analysis for Innovative Scientific Research

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6 Define (or refine) your editorial and content strategy.

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Does your content strategy align with your brand and address the gaps in perceptions?

Content strategy includes:

• Content themes and messages

• Voice and tone

• Editorial calendar

• Governance

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Editorial Strategy

= Storytelling

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7 Measure and evaluate an existing brand strategy.

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Regular audience research

Analysis of inquiries from prospective students

Event attendance

Website conversions

Applications

Yield

Giving patterns

Measure your results with:

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Measure your results with:Regular audience research

Analysis of inquiries from prospective students

Event attendance

Website conversions

Applications

Yield

Giving patterns

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Understand the State of Higher Ed Branding: http://mstnr.me/StateOfBranding

Resources

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Our Capabilities: • Brand Research and Development

• Marketing Campaign Creation

• User Experience Design

• Content Strategy

• Digital, Print, and Social Media

• Search Engine Optimization

• Analytics

773.305.0537 [email protected] @mStonerInc mstoner.com

Our latest work: uncsa.edu

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773.305.0537

[email protected]

@mStonerIncQ&A

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Contact Us

Joel Pattison Director of [email protected] 434.989.7731

Cassi Greenlee Sales Manager [email protected]

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m Storytellers for .edu

Thank You!