The $500 Focus Group
Thursday, November 29th, 2007What’s the #1 reason your customers make a buying decision? If you can’t say so with certainty, find out.
There are probably dozens of valid reasons why a consumer would plunk down their hard-earned cash to do business with you. But the cramped confines of a 60-second radio commercial don’t allow you to recite a laundry list of benefits. Moreover, there’s too much at stake for you or your advertising agency to “guess wrong” at what’s making the consumer say, “Yes.”
Conventional focus group sessions cost thousands of dollars and may not generate the feedback you need. So we’ve crafted a lower-cost variation on the theme that we call “The $500 Focus Group.”
Start by identifying 100 of your best customers; the ones who voted for your brand by making a sizeable purchase. Next, craft a short survey letter to these star customers, enlisting their help so you can provide better products and services.
Ask them to cite the single, most compelling reason they made their buying decision. You might offer a multiple-choice checklist, but be sure and provide space for consumers to cite their own #1 reasons in their own words. Or just provide space for them to tell you, in their own words, without prompting them via multiple-choice. Keep your request brief to a single page.
Mail the letters First Class, with the recipient’s name neatly handwritten on the envelope. (Someone with great penmanship can knock out 20 a day and you’ll be ready to drop ship in a week.)
Finally, enclose a crisp, new $5 bill as a proactive “Thank You!” for their feedback, along with a stamped, self-addressed envelope for their reply. You’ll be surprised how a crisp, new $5 bill – and a simple request – will spike feedback well above the usual direct mail response rate.
You should see enough feedback – and enough trends in consumer comments – to learn the #1 reason your customers became customers and how to best convey those benefits in language that will resonate with your target audience. (Feel free to follow up by phone for more input. Most consumers will give you a few minutes to kick their tires if you politely remind them of the letter with the five-dollar bill.)
There are countless variations on “The $500 Focus Group,” but properly executed, all can provide priceless feedback on identifying and presenting your consumer’s core buying triggers - at a fraction of the cost of doing it the old-fashioned way.
Mark Lipsky, President & CEO
Radio Direct Response