Book Image

From Voices to Results - Voice of Customer Questions, Tools and Analysis

By : Robert Coppenhaver
Book Image

From Voices to Results - Voice of Customer Questions, Tools and Analysis

By: Robert Coppenhaver

Overview of this book

Voice of Customer (VoC) is one of the most popular forms of market research that combines both quantitative and qualitative methods. This book is about developing a deeper knowledge of your customers and understanding their articulated and unarticulated needs. Doing so requires engaging with customers in a meaningful and substantive way – something that is becoming more and more important with the rise of the increasingly connected world. This book gives you a framework to understand what products and features your customers need, or will need in the future. It provides the tools to conduct a VoC program and suggests how to take the customer input and turn it into successful products. This book also explains how to position and price your products in the market, and demonstrates ROI to the management team to get your product development funded. By the end of this book, you will have a thorough understanding of the relevant stages of a VoC project. It will show you how to devise an effective plan, direct the project to their objectives, and then how to collect the voice of the customer, with examples and templates for interviewing and surveying them.
Table of Contents (14 chapters)
From Voices to Results – Voice of Customer Questions, Tools, and Analysis
Credits
About the Author
Preface
Epilogue

Segmenting the market


The task of selecting customers to visit as part of your VoC initiative is one of the most critical and difficult parts of the entire process. No matter how excellent your execution in all other aspects of the VoC program, if you select the wrong customers for your interviews, your time and money will have been wasted, but worse, you will end up with a distorted view of the market and will likely take a path that will not yield the success you expect.

The first step in the selection process is to review the segmentation we discussed in Chapter 3, Laying the Groundwork. In that chapter, we saw that the goal of any segmentation exercise was to define your target market. If you have already heeded the advice given within that chapter, you may have already classified your customer according to a multitude of criteria such as geography, demographic, psychographic and behavioral attributes, purchasing approaches, volume, industry classification, business type, and so on. During...