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Competitive Intelligence
on a startup budget.
April 18, 2013
What do you want to know?
Before you can plan, you need context.

•Competition
•Industry
•Brand position in the marketplace
•Target audience (lifestyle, demographics, etc.)
•Opinions, reviews, satisfaction, dissatisfaction…
•Benefits
What is your objective?

•Launch campaigns
•Awareness
•Drive traffic
•Outreach
•Product/service development (testing)
•Other consultation –partners
Tools You Can Use – Mention


• Make it an alert
• And share
Tools You Can Use – Biznar (Feed)
Tools You Can Use – Social Mention (Feed)
Enter Netvibes
Enter Netvibes
Enter Netvibes
Enter Netvibes
Enter Netvibes
What else can I monitor?

•   Instagram feeds
•   Anything with a search feed/RSS feed
•   Twitter searches
•   The possibilities are endless
Can I talk a second about Boolean Searching?

•   Garbage in, garbage out.
•   Most systems allow for advanced searching.
•   Think about your search terms.
•   What do you want in?
•   What don’t you want in?
•   Any whole sites to eliminate?
•   Date parameters?
•   Any search terms that bring a ton of spam?

• Okay, enough of that. Sorry.
Now what?

• All the data in the world does not make a strategy.
• Drill down into the results to get specific information – be
  creative.
   –   Think like a strategist.
   –   Ask questions.
   –   Use your imagination.
   –   Test your theories, look for examples in the real world.


  Now – what else do you need to know? Good strategic
  research often leads to more questions!
What can you do with all this new knowledge?

• Use it as inputs along with other research, knowledge,
  feedback.
• Consider implications – are they widespread? Isolated?



• But wait, there’s more…
Spotting Trends is Vital

Trends are a great way to spot deltas which often provide
   indicators of the health of campaign.
But seriously, what can I measure?

WHO - Who interacted? What do you know about these
  consumers?
WHAT - What was discussed? What was shared? Engaged?
WHERE - Where were the conversations happening - social
  channels or geography?
WHEN - When did the results happen? Context?
WHY - Why were consumers engaging or feeling this way?
HOW - How much of an impact did the social marketing have?
  How do results hold up against benchmarks? How do they
  translate to brand metrics? How does this add to the bottom
  line?
Listen.
Monitor.


Knowledge is power.

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Competitive Intelligence on a Startup Budget

  • 1. Competitive Intelligence on a startup budget. April 18, 2013
  • 2. What do you want to know?
  • 3. Before you can plan, you need context. •Competition •Industry •Brand position in the marketplace •Target audience (lifestyle, demographics, etc.) •Opinions, reviews, satisfaction, dissatisfaction… •Benefits
  • 4. What is your objective? •Launch campaigns •Awareness •Drive traffic •Outreach •Product/service development (testing) •Other consultation –partners
  • 5.
  • 6.
  • 7. Tools You Can Use – Mention • Make it an alert • And share
  • 8. Tools You Can Use – Biznar (Feed)
  • 9. Tools You Can Use – Social Mention (Feed)
  • 15. What else can I monitor? • Instagram feeds • Anything with a search feed/RSS feed • Twitter searches • The possibilities are endless
  • 16.
  • 17.
  • 18.
  • 19. Can I talk a second about Boolean Searching? • Garbage in, garbage out. • Most systems allow for advanced searching. • Think about your search terms. • What do you want in? • What don’t you want in? • Any whole sites to eliminate? • Date parameters? • Any search terms that bring a ton of spam? • Okay, enough of that. Sorry.
  • 20. Now what? • All the data in the world does not make a strategy. • Drill down into the results to get specific information – be creative. – Think like a strategist. – Ask questions. – Use your imagination. – Test your theories, look for examples in the real world. Now – what else do you need to know? Good strategic research often leads to more questions!
  • 21. What can you do with all this new knowledge? • Use it as inputs along with other research, knowledge, feedback. • Consider implications – are they widespread? Isolated? • But wait, there’s more…
  • 22. Spotting Trends is Vital Trends are a great way to spot deltas which often provide indicators of the health of campaign.
  • 23. But seriously, what can I measure? WHO - Who interacted? What do you know about these consumers? WHAT - What was discussed? What was shared? Engaged? WHERE - Where were the conversations happening - social channels or geography? WHEN - When did the results happen? Context? WHY - Why were consumers engaging or feeling this way? HOW - How much of an impact did the social marketing have? How do results hold up against benchmarks? How do they translate to brand metrics? How does this add to the bottom line?

Editor's Notes

  1. The information you’ll find online is raw, and the pieces you need may be buried deeply. But it’s there. Information that may help you in guiding your product/service development process. And to track consumer opinion as related to your eventual products and services; to your brand.
  2. SamePoint One stop for a nice overview of various social media platforms, including social bookmarking sites. BONUS: You can grab RSS feeds of your searches and plug them into your favorite reader. Addictomatic Another one-stop site for a quick overview of what is happening online around your search topic. Trendrr For more in-depth information on topics being discussed on Twitter Jive For delivered results, charting – includes Twitter & comments!
  3. SamePoint One stop for a nice overview of various social media platforms, including social bookmarking sites. BONUS: You can grab RSS feeds of your searches and plug them into your favorite reader. Addictomatic Another one-stop site for a quick overview of what is happening online around your search topic. Trendrr For more in-depth information on topics being discussed on Twitter Jive For delivered results, charting – includes Twitter & comments!
  4. SamePoint One stop for a nice overview of various social media platforms, including social bookmarking sites. BONUS: You can grab RSS feeds of your searches and plug them into your favorite reader. Addictomatic Another one-stop site for a quick overview of what is happening online around your search topic. Trendrr For more in-depth information on topics being discussed on Twitter Jive For delivered results, charting – includes Twitter & comments!