How to digitalise your market research in 2020-2021?

The company Up Biz – Commercial Agitated Pack gives you commercial training on how to digitalise your market research in 2020-2021.

In this webinar, they  talk about :

  • What is market research?
  • What’s the meaning of it?
  • Which tools can you use?

Although door-to-door selling still works, depending on what you do, what you sell, and who you are visiting. However, in times of the corona crisis, digital market research has the upper-hand.

1- DIGITAL MARKET RESEARCH

When we talk about digital market research, we mean :

Digital market research: Inbound and Outbound Marketing

a) INBOUND MARKETING (ENTRANT)

Digital Marketing, also called Inbound Marketing (in French: prospection entrante).

Inbound marketing is how your leads (French : prospects) know you and how you draw them to you to get contact opportunities.

The basis for marketing is your website, which you will connect to Google. Google is the motorway, where everyone researches information. Your website must be well indexed on Google to allow good visibility but also be connected to the existing social networks (eg LinkedIn, Twitter, Facebook, Instagram).

In Marketing, we use 3 foundations :

  • SEO : Search Engine Optimisation (in French: référencement naturel). This is how you will write relevant web content to be ranked on Google when someone is looking for your company.
  • SEA : Search Engine Ads (in Frenc: référencement payant). It refers to Google ads on the Internet. When people will look for you, you will be in the first results shown called “ad”. This allows you to be visible.

Both SEO and SEA are important. Be careful, however, one takes longer to get results than the other one. SEO takes between 6 and 12 months to be effective by following a real content strategy.

SEA is much quicker. In general, you pay Google and you are visible within the next following days. So, it allows you to generate quickly website traffic and convert this traffic into leads.

Both are complementary. SEO is a long-term time investment but doesn’t cost anything, whereas SEA works in the short-term since once you stop paying Google, it’s finished for you. It is recommended to mix both.

  • SMO : Social Media Optimisation –(in French : Optimisation des Réseaux Sociaux) allows you to create a community to get your website known what you sell (products or services), in order to generate traffic to your website, convert it into leads or even customers.

Contrarily to what some digital agencies will tell you, the Inbound marketing isn’t a one-solution-fits-all-situations. Outbound marketing (in French : prospection sortante) is still necessary. You will have to market research hard. Outbound marketing still has a big weight.

B) OUTBOUND MARKETING (SORTANT)

When one talks about outbound marketing (in French: prospection sortante), they mean contacting leads either by phone or by email. Although these are more traditional/classic market research techniques, if you do not carry them out, you will cut yourself out of a big market research part. Outbound marketing allows you to connect straight away what you sell to your target market. Furthermore, it’s not because it’s a traditional market research technique, that you will do it the old-fashioned way. Today, we use many digital products to create qualitative research. It is on this that I’m going to delve into and introduce you to different digital products I use.

Note as well that in 2019, 80% of companies in France achieved more than 80 % of their turnover thanks to outbound marketing.

2- GOAL: CREATION OF QUALITY DATABASE

You must create a good database that stands up.

Digital market research: Sales Navigator and Phantom Buster

You can do in-depth research on your ideal client profiles with LinkedIn Sales Navigator. Sales Navigator is a paying tool but it does better-targeted research than LinkedIn premium. LinkedIn Premium doesn’t allow a huge amount of data scraping. You can use filters such as :

  • Job position
  • Job field
  • Years of experience
  • Turnover
  • Workforce
  • Comments/Post shares…

You can also scrape data from LinkedIn and automate this process through Phantom Buster.

Phantom Buster will pretend to be You with your LinkedIn profile. To do this, you will need to copy and paste the link to your Sales Navigator/LinkedIn research. It will scrape data from each lead profile and convert it into an Excel spreadsheet table.

Digital market research: Phantom Buster tool case example

Then, you can also use other tools to find the phone numbers and email addresses of your leads. There are many options. Zoho is a free tool, but the downside is that it’s not interacting with any other tools.

Digital market research: Dropcontact and Hunter

Other tools they recommend you use:

  • Dropcontact
  • Hunter.

These tools allow you to find the information you require and qualify your prospects while respecting the current General Data Protection Regulation (GDPR).

There is also ProspectIn, but you can’t export the data. Everything is integrated into the tool.

Anyway, what you need to remember is that these tools allow you to sort out market research information.

3- DATABASE CONSOLIDATION AND PROCESSING

Once you have this data, you will need to populate it in a tool, that will allow you to capitalise on the information you just gathered.

The unavoidable tool to do that is the Customer Relationship Management (CRM) database. Without a CRM, a salesperson is nothing today! The CRM will allow you to keep in touch with your clients and keep track of all actions done or required. In other terms, it will allow you to follow-up with your leads or clients.

Digital market research: HubSpot and Pipedrive

You have several options for CRM software like:

  • HubSpot (free of charge)
  • Pipedrive (€12 per month).

In your CRM tool, you can add tasks such as dates for follow-up calls. You can also add details on the follow-up call results such as:

  • Not interested in – do not call back.
  • Follow-up call in X days…

If a lead answers you that they are not interested in, you can just answer; ‘I take into account…I am available…’. Most importantly, do not re-contact someone who replied they didn’t want to hear back from you.

You can also use Buffer to schedule your social media post, which will also allow you to do a follow-up.

Email campaign: Lemlist

Afraid of cold calling? And why not start by cold emailing? Before start sending any emails, of course, do your research to find out the best approach to use to tailor your emails to your leads. For your research, you need to answer questions such as :

  • What are the issues your leads are facing?
  • Why?
  • Is it relevant to exchange on the topic? (it is also a question you can ask your lead)
  • What do they post, talk about?

For cold emailing, they recommend you to use Lemlist, in order to create campaigns.

Lemlist will tell you the success of your campaign by giving you data like :

  • Open rate
  • Answers
  • Clicks
  • Bouncebacks…

Lemlist tool case example

You can also add your email pictures.

Before starting reaching out, make sure to find out what problems your target market is facing, in order to customise better your campaign. Then, schedule on a monthly basis follow-up calls with a targeted lead list. If there are customers that aren’t online in your target market, you can connect with them through business networks and associations.

Finally, they recommend you to dedicate 1 to 2 hours to market research every day and count roughly €100-160 per month for all comprehensive market research tools, as these will replace a good few of your car trips to visit customers.

If you wish to get in touch with the UP BIZ, you can contact David Julien by email at david.julien@upbiz.fr. He is based in Rouen, Normandy in France.

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