Wednesday, August 01, 2012

How Advertisers Can Get Real Info From GroupMe

http://adage.com/article/digitalnext/brands-key-groupme-s-business/236398/

In class last week, we discussed companies like Groupon offering more experiential offers rather than simply products and services. We discussed reasons why, such as there may only be so many bags to sell or consumers getting bored...GroupMe, a startup which also aims for groups, is different. It creates groups not for cost savings, but for communal activities. Placing like minded people in groups sharing experiences is a fantastic tool for marketers.
Unlike advertising, which generally is straight to the point, branding takes a longer term approach at cultivating the relationship between a brand and consumer. Success hinges on correct insights into the target audience, without which even a successfully run campaign can be completely ineffective.
There is value in quantitative data, but true insights need qualitative information. Focus groups can reveal skewed information and ethnographic information is costly and limited. If a brand foot the cost for such experiences, it would be able to obtain invaluable information on its carefully selected targets. If you are not an Australian wine lover, for example, you are not invited on this journey.....
Digital information is great, but there is still value in the human experience.

No comments: