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Competitive Intelligence & Market Research (Search & Social Media)

Date post: 01-Dec-2014
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This presentation about competitive intelligence and market research based on BIG DATA from Search was presented at SMX Stockholm, October 2013. One of the key take-aways from this presentation is that companies need to start looking more on external data in stead of only internal data when evaluating the performance of their online business. Way to many companies are only looking at numbers from Google Analytics or other web analytics software rather than trying to understand what is actually going on in the market. To make a strong evaluation of your online performance - especially in the search engines like Google - it is necessary to have access to a strong and up-to-date visibililty score. The visibility score is the algorithm that distributes value to the different positions obtained by a website in a search engine. This distribution of value is done to both your own website and those of your competitors to create an unbiased analysis of the current market positions. Furthermore it is important to use a Visibility Score that is holistic in its approach. With holistic I am referring to the need of understanding and accepting that users click on what ever is presented by the search engine. Also referred to as the SERP. (search engine result page) The anatomy of the SERP has a great impact on what users actually decide to click after performing a search. As an example, the presentation is showing a abstract of the actual search and click behaviour of a small group of people within a segment. By understand these different elements, it is possible to make very easy to understand graphs and charts showing how different companies are positioned agains one another. The presentation is including a small case study of the Nordic (Denmark, Norway and Sweden) market for Travel Insurance.
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Competitive Intelligence & Market Research Case study: Travel Insurance - Nordic September 2013 presented by Jacob Hagemann (Twitter: @jacobhagemann)
Transcript
Page 1: Competitive Intelligence & Market Research (Search & Social Media)

Competitive Intelligence & Market Research

Case study: Travel Insurance - Nordic

September 2013 presented by Jacob Hagemann (Twitter: @jacobhagemann)

Page 2: Competitive Intelligence & Market Research (Search & Social Media)

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We all love analytics!

Page 3: Competitive Intelligence & Market Research (Search & Social Media)

Doing good!

Doing better!

Doing fantastic!

Page 4: Competitive Intelligence & Market Research (Search & Social Media)

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….but, we mainly look at internal data!

Page 5: Competitive Intelligence & Market Research (Search & Social Media)

Are we still happy?

What about the competitors? The market?

Page 6: Competitive Intelligence & Market Research (Search & Social Media)

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We believe that Visibility Score is the new metric!

Page 7: Competitive Intelligence & Market Research (Search & Social Media)

Why Visibility Score?

Visibility Score is the only objective metric for comparing performance!

It is independent of involvement from the parties being compared!

It is unbiased

Everybody has a visibility score!

Page 8: Competitive Intelligence & Market Research (Search & Social Media)

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SEARCH AND CLICK BEHAVIOR ANALYSIS!

Page 9: Competitive Intelligence & Market Research (Search & Social Media)

Top 3: 23% – 28%

- nr. 1: 12-15%- nr. 2: 5 – 8%- nr. 3: 5 – 7%

Right ads: 3,5 – 4,5%

Organic Ranking Top 5

26%

11%

8%

7%

4%

Page 10: Competitive Intelligence & Market Research (Search & Social Media)

Right Ads: 3%

Organic Ranking Top 5

37%

17%

10%

8%

7%

Page 11: Competitive Intelligence & Market Research (Search & Social Media)

Organic Ranking Top 5

52%

16%

9%

6%

4%

Page 12: Competitive Intelligence & Market Research (Search & Social Media)

Images in position 3: 18% vs. 9% if classic.

Page 13: Competitive Intelligence & Market Research (Search & Social Media)

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CASE STUDY:TRAVEL INSURANCENORDIC

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DKInsurance companies

Page 15: Competitive Intelligence & Market Research (Search & Social Media)

Top players in Denmark, Travel Insurance

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Page 16: Competitive Intelligence & Market Research (Search & Social Media)

Mix between paid and organic search

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Page 17: Competitive Intelligence & Market Research (Search & Social Media)

Paid search trend

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Page 18: Competitive Intelligence & Market Research (Search & Social Media)

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DKInsurance portals

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Danish portals, Travel Insurance

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Page 20: Competitive Intelligence & Market Research (Search & Social Media)

Paid search trend

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Industry Trends

DenmarkNorwaySweden

Page 22: Competitive Intelligence & Market Research (Search & Social Media)

Comparing the output of the study

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Denmark Norway Sweden

Top Players* Europæiske & Gouda

Europæiske & Gouda

Europæiske & Gouda

*Share of Search 40% 37% 33%

Diversity in mix between paid & organic

Very high High Low (only Gouda is very

strong)

End-of-month action Yes No Yes

Volatility in Paid High Low Medium

Paid search activity 5 of 5 3 of 5 5 of 5

Portals share of search

10% 3% 8%

Portals share from Paid

1-2% 2% 1%

Page 23: Competitive Intelligence & Market Research (Search & Social Media)

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