Thursday, October 27, 2011

Inspring Action with Market Research


“All of the great and inspiring leaders of the world all think, act, and communicate in the same way which is the exact opposite as everyone else. It’s called… the ‘Golden Circle.’” - Simon Sinek.
This is the ‘Golden Circle.’

We should be able to explain what it is that we do, and how we did it; those things are easy. Answering they why seems to be a bit more difficult. It’s this aspect, the why, however, is the most important aspect to getting your insights, your work, your vision accepted by those you are conducting the research for. And the why is not profit; that is a consequence of everything else.

People don’t buy what you do; they buy why you do it.

A great example of this is Apple as provided by Simon Sinek. Can you image Apple saying: “Here’s a computer. It’s beautiful and easy to use.” Would you want to buy it? Maybe, but it’s not very inspiring, is it? These couple of sentences are working from the outside of the circle to inside. Instead, Apple works from insight the 'Golden Circle' to the outside. For example, they might say: “Everything we do, we believe in challenging the status quo; we believe in thinking differently. They way we challenge the status quo is by making our product beautifully designed, simple to use and user friendly. We just happen to make great computers.”
People don’t buy what you do; they buy why you do it.

What does this mean for market researchers?

To inspire action from our research we shouldn’t tell people, leaders, executives, what it is that they should do differently, or what the business could do differently. Instead, they should be inspired by our belief of what the research is telling us. We should find the story, infuse it with
our beliefs, and sell it with inspiration.

People don’t buy what you do; they buy why you do it.

We shouldn’t believe that we do research because it’s needed. We should be doing research because we believe it can make a positive difference for the end-users of our company’s products, services, or ideas. How we do that is with a variety of research techniques that are tailored to
specific needs and specific questions. This is market research.

Not what. Buy why.


Garrett McGuire (@GJMcGuire) is a Consumer Insights Analyst for a major retailer. His areas of focus are advertising research, brand equity, and providing consumer insights for many marketing initiatives. Prior to his current position, he was a graduate student at Michigan State University where he began his blog, "The Journal of a mAD Man," that explains the theories and methods of advertising.

No comments: