January 2009

Full Service Market Research Pricing is Crazy

Odd statement from a full service market research firm but we’re hoping there is some truth to the “truth shall set you free” adage.

I don’t know if this will be received as stating the obvious or revelation but most pricing by most firms is based on direct costs, otherwise known as cost plus accounting. This pricing method benefits from simplicity and ease of calculation but it does nothing to align the supplier’s interests with that of the end client – ironic since most full service firms like to position themselves as “partners”.

Twitter Coming of Age

Very interesting article in AdAge, http://adage.com/digitalnext/article?article_id=133509, on how Twitter was used to capture online chatter (exercising my civil disobedience against the “buzz” term) during the launch of a CPG product. For those wondering about Twitter, it is a communications platform initially established by posing a very simple question to would be Twitter users, “What are you doing?”. However, it is no longer simply a repository of daily, mundane exchanges among groups of people (though plenty of this exists).

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