Our fast, flexible and affordable brand tracking covers all aspects of a brand’s performance.
Norstat offers brand tracking that covers every aspect of your brand performance – awareness, market share, associations, personality, positions and loyalty. Our tracking is flexible, so as your brand evolves, your research is able to accommodate any changes. Whether you’re looking for research that’s focused and fast to measure a small number of KPI’s or something more in-depth, we can create a bespoke solution to fit a variety of needs and budgets. We make sure you have a robust sample at a frequency that will provide useful data, whether that is after an advertising campaign run or over set time periods.
The majority of brand trackers we run involve data collection online via our in-house online panel, Norstatpanel. Across 19 markets, Norstatpanel has over 3,000,000 registered members who are all ready to say exactly what they think about your client’s brand. Online data collection has the advantages of allowing us to target specific audiences quickly and efficiently and tends to be more cost-effective than other methods of data collection.
In instances where a target audience cannot be easily reached online, we can undertake brand tracking using telephone and/or face-to-face interviewing. These methods allow us to reach potentially offline populations but are typically more costly than online research.
Our brand trackers are entirely flexible and can be tailored in terms of robustness of sample sizes and frequency of tracking. A minimum recommended sample size would typically be 400 interviews per wave of research. A sample of this size has a margin of error of +/-4.9% at the 95% confidence interval which is generally considered to be robust within the market research industry. Frequency is largely dependent on client need and budget but typical frequencies are monthly, quarterly or bi-annual data collections.
Questionnaire content – below is an example of a standard brand tracker measure (short versions)
An extended full tracker measure would include questions to elicit information on brand perceptions, personality, call to action and competitor analysis.
Like all aspects of our brand tracker offer, deliverables are entirely tailored to your needs. We are available to provide as much or as little support as you require to interpret the tracking data produced and understand what it means for your brand. Basic outputs include either raw data or data tables after each wave of the tracker, but many clients also opt for bespoke reporting solutions. These can include a topline report detailing change in KPIs after each wave of research, an annual full report, face-to-face debrief and recommendations, or access to live data dashboards.
With NorstatDashboards you will get brand performance overview for greater insight. Get all your brand data collected in one place, visualised and easier to draw conclusions from.
We also offer key driver analysis (KDA), which aims to understand what truly affects your key performance indicators e.g. sales, brand recommendation, brand satisfaction, likelihood to purchase, what causes customers to switch brand? And what drives brand loyalty? If we find that brand trust is highly influential on a customer’s likelihood to purchase, we can visualise with KDA that if we increase brand trust by ‘x’ the affect this will have on a customer’s likelihood to purchase will be ‘y’.
Segmentation can be used to increase marketing ROI, differentiate products/services, and discover new business opportunities. Our in-house statisticians develop robust models based on accurate data. We then integrate the models directly into your brand tracking so you can monitor the segments over time.
Setting up a tracking study requires thorough planning in the beginning. If you need the help of an expert, feel free to get in touch with us. We are happy to help!