To Listen Is To Know Using Social Media and Search To Unlock Consumer Insights Frank Cotignola...

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To Listen Is To Know

Using Social Media and Search To Unlock Consumer Insights

Frank CotignolaTwitter: @fco24www.frankcotignola.com

2

Why Listen When I Can

Ask?

3

Will Consumers

Really Tell You What Is On

Their Minds?

4

The Many Benefits of Listening

• Unedited conversations• Ability to trend• Huge sample sizes• Infinite number

of topics• 24/7 opinions• Global reach

2011 2012 2013 2014 2015 2016%

5%

10%

15%

20%

25%

30%

35%

40%

45%

29.6%32.3%

34.7%36.5% 38% 39.2%

Internet Users (% of Population) Worldwide 2011-2016

Source: eMarketer http://goo.gl/EBguq

55

What’s Possible Using Social Media Listening?

Market Structure

New Product Ideas

Brand Positioning

Forecasting Track Ad Effectiveness

Research Neglected

Topics

Retail Opportunities

Competitive Analysis

66

No Way!Inertia and the “Threat of the

New”

Are These Really My

Consumers?

Tell Me the Demographics

Who Has Time To Read All Of

This?

“What Does This Tell Me That I Don’t Already

Know?”

77

What Do I Listen For?

Where Do I Look?

How Do I Make Sense

of It All?

Well, Maybe I’ll Give It a Try?How Do I Get Started? But….

8

First, Where To Go

1. Social Media Conversations2. Search Behavior

99

Then, Start By Looking At

Examples

Food In the Morning

11

“Morning/Food” averages 30-50k posts per month, more than half positive

4/1/1

2

4/12/1

2

4/23/1

2

5/4/1

2

5/15/1

2

5/26/1

2

6/6/1

2

6/17/1

2

6/28/1

2

7/9/1

2

7/20/1

2

7/31/1

2

8/11/1

2

8/22/1

2

9/2/1

2

9/13/1

2

9/24/1

2

10/5/1

2

10/16/1

2

10/27/1

2

11/7/1

2

11/18/1

2

11/29/1

2

12/10/1

2

12/21/1

2

1/1/1

3

1/12/1

3

1/23/1

3

2/3/1

3

2/14/1

3

2/25/1

3

3/8/1

3

3/19/1

3

3/30/1

30

10,000

20,000

30,000

40,000

50,000

60,000

0

10

20

30

40

50

60

70

80

90

100

Net Sentiment Posts

Source: NetBase Insight Composer 52 w/e 4-6-13)

12

“Eggs,” “Coffee,” and “Fruit” Top Morning/Food Mentions

Share of Top 50 Mentions When Morning/Food Is Discussed

not eaten

breakfast

hours

eating breakfast

night

meal

Good morning

lunch

next morning

bed

evening

dinner

eggs

coffee

fruit

early morning

first thing

- 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0

7.4

6.7

5.3

5.2

5.0

4.4

4.2

4.0

4.0

3.7

3.6

3.5

2.9

2.5

2.5

1.8

1.7

% of Mentions For Morning/Food

Source: NetBase Insight Composer 52 w/e 4-6-13

Although, more talk about“not eaten”

13

hard to eat

breakfast

morning

hectic

rough

time

think of you

difficult to eat

cereal

slow

not go well

much less stressful

food

- 5.0 10.0 15.0 20.0 25.0

20.8

17.0

13.0

9.8

7.9

4.9

4.8

4.1

4.0

4.0

3.6

3.2

3.0

Share of Dislikes

Why morning and food may be difficultHow can this be overcome?

Source: NetBase Insight Composer 52 w/e 4-6-13

14

“Not eat” is almost as important as “eat”

Source: NetBase Insight Composer 52 w/e 4-6-13

15

Which brands are associated with “morning/food?”

Source: NetBase Insight Composer 52 w/e 4-6-13

Wheaties

McDonalds

Nutella

Taco Bell

Egg McMuffin

Facebook

taco bell

KFC

Twitter

Doritos

Special K

hot cheetos

ihop

each morning

cinnamon toast crunch

a slice

Mac

Starbucks

0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 50.0%

44.1%

12.2%

7.6%

3.3%

3.1%

2.9%

2.7%

2.6%

2.4%

2.4%

2.4%

2.4%

2.1%

2.0%

2.0%

1.9%

1.9%

1.9%

% Share of Brand Mentions Morning Food

16

Twitter dominates, females almost 2/3rds of conversations

Source: NetBase Insight Composer 52 w/e 4-6-13

17

Morning/Food on PinterestVariety

Source: Pinterest, “Morning Food”

What About Chocolate In the Morning?

19http://goo.gl/NgnvE

20

Chocolate Searches: Rising, Holiday Peaks

Source: Google Trends http://goo.gl/cUi8y

21

Cake, Cookies, Recipes Most Popular Chocolate Searches

Source: Google Trends http://goo.gl/cUi8y

22

Chocolate conversations: increase from Halloween through peak of Valentine’s Day

Number of Conversations By Month

Positive/Negative Sentiment

Source: NetBase Insight Composer 52 w/e 4-6-13

Positive Negative Neutral

16.3

2.9

80.8

23

Time of day not a factor in top Chocolate conversations

Share of Top 100 Chocolate Mentions

hot chocolatecake

chocolate milkchocolate cakedark chocolate

coffeecookies

Chocolate chipwhite chocolate

recipeCup

Vanillachocolate barstrawberries

milkEating chocolate

Peanut ButterIce Cream

dessertcandy

Eggsmilk chocolate

box of chocolateschocolate factory

sugarFlavors

Barchocolate covered

butter

0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0%

8.5%4.4%

3.6%3.4%

3.4%3.0%

2.9%2.8%

2.7%2.7%

2.6%2.5%

2.4%2.0%2.0%1.9%

1.9%1.9%1.8%

1.6%1.3%1.3%1.3%1.3%

1.1%1.1%

1.0%1.0%1.0%

Source: NetBase Insight Composer 52 w/e 4-6-13

24

Even when you focus on “chocolate” and “morning,” chocolate only represents less than 10% of the top 100 conversations

Share of Top 100 Chocolate/ Morning Mentions

Source: NetBase Insight Composer 52 w/e 4-6-13

hot chocolatecoffee

breakfasteggs

Good Morningchocolate milk

cookiescake

chocolate cakeEaster

dark chocolatemilk

vanilladinner

tealunch

chocolate chipStrawberry

White Chocolatecup

peanut buttereating chocolate

chocolate eggsFruitbed

Chocolate Bar

0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0%

8.7%5.7%

4.1%3.7%

2.8%2.7%

2.6%2.1%2.0%2.0%2.0%

1.9%1.9%1.9%1.9%1.8%

1.7%1.7%

1.6%1.5%1.5%

1.4%1.3%1.2%1.2%

1.1%

Chart Title

Series1

25

“Not eat” almost as large as “eat”

Source: NetBase Insight Composer 52 w/e 4-6-13

26

Chocolate on PinterestCandy, Cakes, and Keyboards

Source: Pinterest, “Chocolate”

27

Cholesterol

http://www.raw-milk-facts.com/cholesterol_primer_T3.html

28http://consumer.healthday.com/Article.asp?AID=656146

CHOLESTEROLDespite nuts’ benefits, 28 other words are mentioned more frequently

Source: NetBase Insight Workbench 52 w/e August 2011

“Nut” is #29

30

“Nut” Mentions, Cholesterol Conversations

CHOLESTEROLWhile the word on nuts is getting out, there aren’t enough conversations

Source: NetBase Insight Workbench 52 w/e August 2011

31

IN THE END…

…Interpretation and Judgment…Listening can both enhance (and substitute for) asking

32

Thank you!

Frank Cotignola@fco24www.frankcotignola.com

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