Insights Throughout the CPG Brand Lifecycle

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INSIGHTS THROUGHOUT THE CPG BRAND LIFECYCLE INTEGRATING NM INCITE SOCIAL MEDIA SOLUTIONS WITH NIELSEN CAPABILITIES FOR UNPARALLELED BRAND INSIGHT

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NM Incite’s social media research and analytics offer brands insight into real-time, authentic consumer expression that can transform how marketers build strong brands, create passionate and engaged communities and ultimately achieve superior sales outcomes. Learn how NM Incite’s solutions can be layered with other Nielsen assets to produce powerful insights, providing a valuable competitive advantage.

Transcript of Insights Throughout the CPG Brand Lifecycle

Page 1: Insights Throughout the CPG Brand Lifecycle

INSIGHTS THROUGHOUT THE CPG BRAND LIFECYCLE

INTEGRATING NM INCITE SOCIAL MEDIA SOLUTIONS WITH NIELSEN CAPABILITIES FOR UNPARALLELED BRAND INSIGHT

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Providing social media insights at each stage of the brand lifecycle is extremely powerful because consumers are expressing their opinions and preferences for their own ‘decision journeys’ – from awareness to advocacy. They write and read blog posts about emerging needs and desires unfulfilled by current products. They ask questions during the consideration phase and tweet about their post-purchase experience. Consumers are scattering digital breadcrumbs, highlighting their journeys, and marketers have a unique opportunity to connect these dots and boost brand relevance and effectiveness.

INTEGRATION

As part of Nielsen, NM Incite is uniquely positioned to help brands integrate social media into the data and research that they already use to manage their business. Combining NM Incite's social media research with Nielsen assets yields powerful insights, providing valuable competitive advantage. Backed by Nielsen’s measurement science, NM Incite delivers the highest quality insights using clean, trusted data collected through proprietary data mining technology.

NM INCITE CPG SOLUTIONSDRIVE MARKETING EFFECTIVENESS ACROSS THE BRAND LIFECYCLE

NM Incite’s social media research and analytics offer brands insight into real-time, authentic consumer expression that can transform how marketers build strong brands, create passionate and engaged communities, and ultimately achieve superior sales outcomes.

Building a successful brand hinges on applying social media insights at every stage of the brand lifecycle. According to P&G’s Joan Lewis (Global Consumer and Marketing Knowledge Officer), “Consumers and brands

are co-evolving and moving at a very rapid pace. We need to learn faster and really leverage our digital relationships with consumers. Social media plays a big role.”

Innovative CPG marketers realize that social media insights can be used in new ways to inform decision-making at every stage of the brand lifecycle, from trend spotting and ideation during the ‘innovation’ stage to monitoring brand health once a brand is in the ‘in market’ stage.

Innovation → Discover opportunities through trend spotting and organic, deep, category-level consumer insights

Launch → Understand how new products and line extensions are performing in market compared to similar launches; implement real-time strategic adjustments to marketing initiatives

In Market → Evaluate and strategize based on your product or brand’s performance within the category; identify growth opportunities, optimize segmentation efforts and evaluate social resonance

How do NM Incite solutions integrate with Nielsen?

NM Incite’s social research provides a powerful complement to…

• Innovation research with Nielsen BASES

• Launch tracking with Nielsen BASES and Nielsen Ad Solutions

• Advertising effectiveness with Nielsen Ad Solutions

• Nielsen’s sales data

• Segmentation (e.g., The Cambridge Group, Nielsen Homescan, Claritas)

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INNOVATION

STAGE ONE OF BRAND LIFECYCLE

As brands endeavor to develop new products or improve existing ones, they need high-quality, comprehensive insights to ensure that they develop what consumers want and will ultimately buy. Social media research is a powerful tool for identifying trends and white space opportunities where unmet needs exist at the intersection of product segments and consumer passions. Providing insights from real-time, unaided consumer opinions is a critical input for product development and innovation.

Trend SpottingNM Incite's TrendSpotter solution analyzes category-level data to reveal emerging consumer needs, preferences and pain points. Brands need these trends and insights for new product development, marketing messaging and creative strategy. Integrating NM Incite’s social media analysis with Nielsen BASES data and tools for product development and testing, brands can develop a deep understanding of how to differentiate and win with new product opportunities.

Example Analysis: Word CloudDiscover and identify emerging trends and hot topics by mapping all social media conversation about a specific brand, product or category

into a word cloud. The example below illustrates discussion on chia seeds, which led to further research that revealed an emerging trend that

consumers use chia seeds as a nutritious protein boost to breakfast yogurts.

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Launching new or updated products always carries risk. Close monitoring of consumers’ reactions to new products is vital to launch success. Analyzing real-time consumer reactions to new products using social media offers an attractive alternative to traditional survey research, which is slow and expensive. Consumers are very frank and informative when talking about product likes and dislikes, product messaging and their needs and wants. Gaining a real-time understanding of what is resonating and what is not gives brands the opportunity to quickly course correct and refine messaging, features and campaign strategy to more effectively engage consumers. Beyond the immediate opportunities to take action, marketers can also assess how the product launch stacks up to similar product launches.

BenchmarkingSocial media analysis gives brands an opportunity to quickly evaluate the success of a new product launch or line extension. Benchmarking the amount of buzz about a new product launch relative to comparable launches helps brands understand whether their launch is succeeding or falling short. Deep-dive content analysis of the buzz helps brands understand what is driving success or failure, and enables them to make timely course corrections and improve future product launches. Coupling buzz benchmarks with Nielsen’s advertising and sales data provides even deeper insight into the drivers of launch success.

LAUNCH

STAGE TWO OF BRAND LIFECYCLE

Example Analysis: Launch TrackerNM Incite's Launch Tracker enables marketers to keep an active pulse on conversation concerning their new product launch. Benchmarking social buzz along a competitive index allows marketers to see when buzz about their product beats or falls behind their category's index.

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IN MARKET

STAGE THREE OF BRAND LIFECYCLE

Social media analysis and measurement is a powerful tool for measuring the performance of an in market brand, improving advertising effectiveness, and ultimately maximizing sales.

Brand HealthSocial media brand health measurement enables marketers to achieve real-time equity tracking, and brings immediacy and agility to what has historically been an annual or semi-annual evaluation process. Complementing traditional brand equity monitoring with social media analysis empowers marketers to understand what is driving changes in brand equity values and to react quickly to risks and threats.

Continuously tracking competitive performance against category choice drivers helps marketers manage brand positioning, forge emotional connections with customers, and differentiate along important functional attributes.

Benchmarking brand advocacy relative to media spend or market share helps marketers understand what advocacy levels to expect given the size of their company or market share of their brand. NM Incite deploys deep content analysis of social media conversation to illuminate the drivers of advocacy and helps marketers inspire more for their brand.

Example Analysis: AdvocacyAre marketers earning their fair share of advocacy within a category based on relative media spend? Brand A generates more advocacy

than expected given media spend.

MAPPING BRAND BUZZ TO CATEGORY DRIVERSCORRELATION OF PAID MEDIA SPEND AND BRAND ADVOCACY

Example Analysis: Decision DriversAre marketers creating the right emotional connections with consumers relative to the competition? Evaluating how a brand scores on important category discussion drivers opens

a window of opportunities.

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Social ResonanceSocial media is a powerful tool for timely campaign effectiveness measurement. NM Incite measures the social media resonance of campaigns to determine how they were received, what could be improved and what should remain the same for future advertisements. NM Incite’s Social Brand Effect provides absolute and relative scoring of television ads along resonance and favorability, benchmarking ad-related tweets per GRP. Deep content analysis illuminates why people like or dislike ads, allowing for timely campaign adjustments.

Example Analysis: Paid, Owned & EarnedAnalyzing a product's earned media relative to media spend and sales volume enables marketers to uncover patterns and relationships between paid media, earned media and sales.

PRODUCT'S SOCIAL MEDIA BUZZ VOLUME TRENDED WITH MEDIA SPEND AND SALES

Example Analysis: Social Brand EffectBenchmarking ads according to social resonance and favorability provides insights into relative ad performance. Ads 1 and 12 have the highest social resonance, yet favorability is extremely negative, indicating that advertisers may need to adjust messaging quickly.

SOCIAL RESONANCE & FAVORABILITY OF BRAND'S TV ADVERTISEMENTS

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Category TrackingSocial media analysis and tracking at the category level helps marketers understand and manage category dynamics and perceptions. Category-level analyses help marketers:

• Define the competitive set as consumers do. Marketers may learn that their brands have unexpected, indirect competitors

• Understand competitive positioning along the most important drivers for the category

• Discover opportunities for growth and innovation

Example Analysis: Category (or Brand) Association MapCategory association maps allow marketers to pinpoint hot topics, identify emerging themes and trends and discover which, if any, brands are most associated with their category. Prevalent themes are further investigated to uncover white space areas of opportunity for product enhancements, new product development and/or to inform strategic messaging.

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The breadth of information that consumers reveal in their unaided, organic online conversations can be astounding. Consumers are connecting and expressing themselves across a veritable ‘long tail’ of interests and topics, essentially self-selecting into segments based on needs and affinities. Social media enables marketers to understand key business questions for each segment:

• How do they feel about my brand or product?

• What are their unmet needs?

• What are their purchase criteria?

• What are the key roadblocks in their consumer decision journey?

• Are the marketing messages resonating?

• What are their media preferences?

• How and where should they be engaged through social media?

SegmentationInnovative approaches to segmentation are taking center stage as social media is enabling marketers to glean deep, unexpected insights about consumers. NM Incite helps clients with a range of segmentation needs and opportunities. From identifying new, organic customer segments, to mapping buzz to clients’ proprietary segments, to mapping buzz to Nielsen segmentations (e.g., Nielsen Homescan, Claritas), NM Incite helps clients gain deep insight into the attitudes, beliefs and behaviors of target customers.

CONSUMER INSIGHTS

ANALYSIS THROUGHOUT THE BRAND LIFECYCLE

Example Analysis: Organic SegmentationProfiling the mindset (interests), passions (wants), product preferences and likely location of specific consumer groups helps marketers better understand where to reach their target segments as well as how to most effectively communicate with them.

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About NM Incite

Global Fortune 1000 marketers rely on NM Incite solutions to discover emerging, industry-specific consumer insights and build relevant, differentiated and emotionally engaging brands. NM Incite customers are innovative, global marketing executives in brand management, consumer insights and market research at leading Consumer Packaged Goods, Financial Services, Healthcare and Technology companies. They understand that winning in today’s social world hinges on developing deeper and more provocative consumer and market insights to create superior marketing strategies, boost brand strength, develop new products, innovate in customer care and maximize the impact of marketing campaigns.

NM Incite is a joint venture between Nielsen and McKinsey & Company, bringing to bear deep expertise in measurement science and management consulting. As one of the largest global leaders in applying social media to solve marketing problems, NM Incite operates in over 30 markets, including the United States, Canada, United Kingdom, Germany, India, China, Japan and Australia.

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