
October 2024
Dear Reader,
Sometimes dealing with vendors makes me feel like a crank, like I must have crazy expectations when so many of them consistently disappoint. But dealing with vendors—both good and bad—always reminds me of how a company like Versta Research can and should be working with clients when we’re in the position of vendor.
So in this newsletter we offer our perspective on the essential Nine Habits of Great Market Research Vendors—a manifesto of what we expect from our vendors, and what we pledge to our clients.
Other items of interest in this newsletter include:
- There Are Too Many Surveys
- Two Ways to Find Data for a PR Story
- Visualizing Data: Six Hints on Using a Pie Chart
- Better Data through Better Survey Design
- The Beauty of Conjoint Analysis
- Conscientious Survey Respondents May Be Skewing Your Data
- Election Season’s Dumb Statistics
- Survey Respondents Rarely Lie. They Skate By with “Satisficing.”
And in case you missed it in our last newsletter, we also highlight several Versta Research news items, including our 15th anniversary (!) and research findings reported in The New York Times, NPR, and Fortune.
As always, feel free to reach out with an inquiry or with questions you may have. We would be pleased to consult with you on your next research effort.
Happy fall,
The Versta Team
Nine Habits of Great Market Research Vendors
I don’t know what possessed me, but I happened upon one of those “inspiring” business articles about the nine habits of super successful people, and instead of rolling my eyes at empty platitudes, I found myself mentally translating it into a manifesto of what I wish market research vendors were like.
If only all our vendors, not just one or two, would do all the things I was starting to imagine… what a happy client I would be! And it brought to mind the sentiments of our corporate research clients who deal with many of the same frustrations we deal with. Quirk’s magazine regularly publishes a Corporate Researchers Report, which often documents a surprising level of discontent. Here is a sampling of what clients have to say about market research vendors:
“Difficult to find quality research vendors.”
“Suppliers underdelivering… data quality and reporting are table stakes. We need our research partners to provide insights and meaning, not just deliver a 100-slide PowerPoint.”
“Dealing with unresponsive research vendors.”
“Finding reliable research suppliers who can live up to what they promote when selling their capabilities as related to the various research activities we engage in (i.e., providing useful insights, error-free data analysis and results-presentation materials).”
“Getting good quality work out of vendors. They tend to be less experienced now and frequently suggest approaches/designs that they are unable to explain or stand behind.”
Well, we at Versta Research have decided it’s time to share our translation-turned-manifesto with others.
We’re sharing it with our vendors to say: This is what we want, hope, and expect from true partners—please do these things, and you will earn our loyalty and business.
And we’re sharing it with our clients to say: This is our commitment and promise to you—here is what you can and should expect from the kind of vendor we strive to be.
The Nine Habits of Great Market Research Vendors
1They focus on earning trust and business with each new project. Our first project with a new vendor matters a lot. We expect their best thinking and service so every detail is one hundred percent correct. But the second project matters a lot, too, and so does the third and the fourth and every project after that. Great vendors, once they’re on our “A-List,” never relax, or return phone calls slowly, or pass us on to new trainees. We want and expect every project to be approached with the zeal and commitment of the first, knowing that every project is how they earn or lose the next one.
2They don’t brag about what they can do—they just do it. Great vendors introduce themselves with just enough background and information to give us confidence, and then that’s it. They don’t remind us who else they’ve worked for, or what other important projects are competing for time with our own. They don’t “assure” me or answer challenges by telling me how many thousands of times they’ve done this, or whether they can do the work in their sleep. Instead, they show us their experience and expertise implicitly, asking us good questions, answering our questions with substance, showing us solutions, and offering options for what we need.
3They manage timelines to get things done. That means delivering according to deadlines, but often beating those deadlines because they’re diligent about the work. They don’t lay out two weeks for programming and then scramble to finish, with all of us in panic, because they waited a week just to start. They’re focused on tasks and what needs to be done, rather than juggling the boundaries and limits of when the work was promised. In turn, we trust these vendors when they ask for more time, knowing it’s the quality of work (not poorly managed time) driving the need.
4They offer their best people to work with. Earning trust and business with each new project means giving us truly skilled and committed people to work with on every single project. We have all had project managers who do nothing unless we ask, or who sigh heavily when we need something more. One vendor assigned us a still-in-training programmer who broke our survey while it was in field. It was the push we needed to bring the work back in-house. Now when we find good managers or technicians we ask for them by name, and the great vendors always say, “Of course.”
5They add value in unexpected ways. Great vendors offer ideas, or suggest strategies, or implement clever protocols simply because somebody who is smart and dedicated saw it would make the work better. And they do it simply because it makes sense. If you’re doing a large employee survey, for example, and suddenly realize it would be valuable to extract a demographically-weighted group comparison from a public national dataset, why not do it? That’s what we do for our clients, and we hope for the same from our vendors.
6They accept responsibility for mistakes and fix them. When great vendors slip up they say, “We made a mistake and here is what we’re doing to fix it.” There are three essential components to that statement. First, they tell me about it, so I can quickly adjust and, if needed, inform my clients about how we are adjusting. Second, they accept responsibility rather than describing an error in passive language as if a mistake somehow just “happened.” Third, they offer a solution so that I don’t have to wonder or worry about how it is going to affect the work.
7They focus on relationships rather than revenue. Cost is important, but what I really value is a fair-priced vendor I believe in and trust without having to bid out every need. In turn, a great vendor does not remind me of contracts, or hit me with extra charges for every phone call or question. They know we pay them fairly and promptly, and they make it clear, in action and in words, that building a relationship is what matters to them most. Bad vendors, in contrast, keep a hawk’s eye on quarterly revenue targets, and they make me feel like a revenue source rather than a client.
8They do what is asked. One thing about great employees is that they offer lively, good ideas and advice, but ultimately defer to the judgment of whomever owns a project. And then they execute on it wholeheartedly. So it is with great vendors. They’re not order-takers because their opinions and expertise hold sway, and they know how to move things along without being told. But great vendors also believe that the people who pay them always have the right to tell them what to do, their own expertise and advice notwithstanding.
9They don’t care about job titles. At a conference I attended not long ago, a speaker asked the audience, “How many of you are vendors?” to which someone yelled out, “We prefer the word partner.” I wondered if the speaker found that comment as irritating as I did. The vast majority of vendors are not partners, and the ones who are partners don’t get worked up about what we call them. Partner, vendor, supplier—who cares? Great vendors are too busy doing good work, adding value, building a relationship, and earning our trust to protest so loudly.
In short, great vendors don’t talk about job titles, or contracts, or revenue targets, or themselves. They talk about projects, goals, methods, and all of the smart ways they can help so that the process is easy, successful, and ultimately impressive to our clients.
Think you’re a great vendor? Give us a call at (312) 348-6089, because like every business, we always need great vendors. But show me, don’t tell me. If you do a great job on the first project, we’ll give you a shot at a second one. And if you do a great job on that one, we’ll give you a shot at a third. And the process never ends. We want your best every time, just like our clients expect from us.
Stories from the Versta Blog
Here are several recent posts from the Versta Research Blog. Click on any headline to read more.
There Are Too Many Surveys
Consider more efficient, respectful, and insightful ways to get input from your customers than pestering them with dozens of surveys.
Two Ways to Find Data for a PR Story
You can mine data or you can make data. This article outlines two ways we help clients get media placements for their thought leadership.
Visualizing Data: Six Hints on Using a Pie Chart
Pie charts are often the worst way to show data, unless you know a few tricks of the trade on how and when to use them.
Better Data through Better Survey Design
Half the problem of poor quality data in our industry comes from lazy researchers who design boring, tedious, repetitive, and long surveys.
The Beauty of Conjoint Analysis
Conjoint analysis can be complicated, but when done beautifully it tells a compelling story about humans, how they behave, and why they behave.
Conscientious Survey Respondents May Be Skewing Your Data
New research shows that personality traits affect how people answer survey questions, with important implications for how we handle “bad” data.
Election Season’s Dumb Statistics
An odd joy of presidential elections is citing all the ridiculous statistics journalists offer to predict who will win. Here are some doozies.
Survey Respondents Rarely Lie. They Skate By with “Satisficing.”
This is a word you need to know if you worry about the quality of survey data: Satisficing. You also need to know what to do about it.
Versta Research in the News
Versta Research Celebrates 15 Years
2024 marks our 15th anniversary of Helping You Turn Data Into StoriesTM with customized research and analytical expertise. We’ve grown more than ten-fold in those fifteen years, and hope it still feels like YOU are Versta’s most important and only client.
CIRQ Recertifies Versta Research to ISO 27001 Standard
The Certification Institute for Research Quality (CIRQ) conducted its annual audit of Versta Research’s ISMS and IT Systems in July 2024, establishing continued compliance and protection of data according to the ISO 27001 standard. CIRQ is an International Standards Organization (ISO) audit and certification body that is a subsidiary of the Insights Association.
Research for the American Academy of Dermatology
The New York Times and NPR ran new coverage of Versta Research’s survey of American adults about attitudes and behaviors around sun protection commissioned by the American Academy of Dermatology. The survey documents an increase in the number of adults getting tans and burns, and an ongoing lack of understanding about the risks associated with tanning and burning. Earlier coverage was featured by CBS News and Huffington Post.
Surveys about Dementia Care Navigation for the Alzheimer’s Association
Two surveys from Versta Research continue to garner news coverage with the latest being a July feature article in Fortune about Medicare’s new GUIDE model for dementia care navigation. The research was previously highlighted in feature stories by USA Today, NPR’s All Things Considered, Good Morning America, and CBS. The Alzheimer’s Association has produced a special report on dementia care navigation, an infographic, and short videographic as well.
How-To Guide on Infographics Published
Versta Research’s Joe Hopper spoke at the 2024 Qualitative Research Consultants Association (QRCA) conference in Denver with a presentation on infographics for market research. A full article version of the talk was published (and available for download) in the summer 2024 issue of QRCA Views (Vol. 23, No. 4).
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