It's Marketing 101: segment customers and prospects into unique groups, and then market to each based on their unique needs. But how do you find actionable, differentiated segments when people tell you everything is important?
It's a common lament, and too often the cause of segmentation efforts that fail to deliver on expectations. At TRC we successfully employ Max-Diff and other choice-based methods to identify truly differentiated segments, and understand that "successful segmentation" goes beyond any one technique.
Our full-circle process begins and ends with on-site stakeholder input sessions to clarify objectives, listen to their hypotheses about the market, and ensure that the solution we settle on is one they can act upon.
We understand the iterative nature of segmentation analysis, and use a variety of powerful tools - Self-Organizing Maps (SOMs), Latent Class Modeling, CHAID, traditional cluster - to examine possible solutions from a variety of angles.
We deliver beyond the segmentation analysis itself, scoring databases, overlaying third-party data, and working with you to "sell" the new solution within your company.
Is there a strategic segmentation in your plans? TRC can help.
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A unique build-your-own approach to product development research
TRC's Chief Research Officer, Rajan Sambandam, will contribute to the Yale CCI Blog, consult on academic-practitioner issues and generally help spread the word about the good work being done by YCCI Fellows.
"Hi guys, I've presented the MA configurator results to several functions within the Senior [dept] today. Everyone is so excited and they are definitely being used to guide our future product and marketing strategies. Thanks"
Marketing Research Manager at Major Health Insurance Company
"You guys nailed it! I made only a few minor tweaks and put this in front of my director and our market manager. Exactly what they were looking for! THANKS SO MUCH! You made my day much easier today by getting this 99.something percent there."
One of our Insurance Clients
"I am nearing completion of a highly analytical project with TRC. This project is extremely important to our company and visible at its highest levels. The deliverable has exceeded our expectations and contributes significantly to our ability to drive revenue. I will look forward to doing so again in the future."
Kevin Hanstad, Carlson Hotels Worldwide
"I just got a call from our global head of marketing who was reviewing your report and her exact words were 'This deck is EXCELLENT.' And stressed the word EXCELLENT. Let's just say she is not the type of person to say something like that unless she truly means it."
Market Research Lead, Fortune 1000 Pharma Company
"The Yale Center for Consumer Insights has collaborated with TRC on several occasions. I have found the folks at TRC to be very responsive to our needs and just great people to work with. The Center is very appreciative of the real world perspective this marketing research company brings to the partnership."
Ravi Dhar, professor at Yale School of Management
YOU GUYS ARE THE BEST!!!!! Please send my thanks along to Janice and especially to Wes. This will make my weekend a lot smoother for sure!!!"
Judy Davis, PECO
"The team at TRC has worked well for me on several research engagements at Comcast. I appreciate that they hold in a workable balance the trade-offs between stakeholder expectations and practicality of implementation. It certainly doesn't hurt that they are an affable, cordial bunch of professionals."