Intellicast S3E41 – Mental Wellbeing in Research, New Partnerships, and More MR News
September 1, 2020Intellicast S3E42 – Zoomers, Insights Association Advocacy, Social Panels, and Shy Trump Voters
September 9, 2020
Tracking studies are often used to gauge consumer sentiment, measure advertising effectiveness, and much more. It’s no wonder that brands, consumer goods manufacturers, and service companies all rely on them to make their business decisions.
Given that tracking studies provide the valuable information that organizations are basing these important decisions on, organizations need to ensure that they are getting the most accurate data possible.
EMI has managed 125+ tracking studies over the years. That’s why we have put together a list of 5 best practices for your tracking studies.
1. Know Your Sample Sources
No sample source is the same and neither is the data they provide. Know your panel sources inside and out including specifics such as their recruiting methods, incentives, etc.
2. Use Multiple Sample Sources
Data bias, over-representation, running out of sample, data inconsistency—these are just a few of the problems that can affect your tracker with a single sample source. Using multiple sources can help your project have better feasibility, improve your timing, reduce risk, and give you more consistent data.
3. Keep It Consistent
It is best to keep as many variables as possible, so you don’t skew your data.
4. Adjust Over Time
It sounds like we just contradicted ourselves, right? We didn’t! (We promise.) While you want to keep it consistent, there are variables like panel recruitment, incentive structures, etc., that you can’t control. You’ll want to evaluate and replace (if needed) on a regular basis.
5. Compare with Current Market Conditions
Look at what is going on in the marketplace and overlay that with your tracker results. It can explain anomalies or outliers.
Want to learn more about how you can get the best data from your tracker studies? Check out our latest webinar, Is Sample Blending Finally Cool? Best Practices for Tracker Studies, on demand!
