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SOL Business Analytics grew out of an independent research study completed at the University of Toledo's College of Business and Innovation, as part of a dual major in Marketing and Professional Sales. That study built on marketing theory first developed by Gordon E. Miracle in 1965, which links a product's characteristics to how it should be marketed, and identified a second relationship: how customers perceive those characteristics, and how that perception decides whether they buy. We call it the purchasing mix.
Tested in the field
Since then, our founder has put that research to work in three very different markets:
In every market, the lesson was the same: people buy when a product matches what they value most. Our founder learned to find out what each buyer cared about, build the conversation around it, and use data to guide the strategy.
SOL Business Analytics turns that approach into a repeatable process, so your business can see its products the way your customers do.
In order to understand what your customer wants from your business, you must analyze several factors that occur during the buying process. These factors occur when your customer is put in a position to choose between your product/service, or the competition’s. Our company performs research into this process using a first-to-market data input system that defines exactly what customers are expecting from your category of products. By implementing our data analytics to your style of business, we believe you’ll be the one getting the sale.
Our process consists of a first-time consultation to assess if our services are right for you. If you qualify as a good candidate for our analysis, we then do extensive research on your company and your desired target market. With the information collected, we input and analyze the findings into our system. Once the information is sorted and organized, we present the results.
After presenting the market insight, you are able to use this data to tailor your value proposition to the customer‘s values. The data feedback provided will serve as a guide to understand what your customers are looking for. Since our work is consultative, we may recommend that your business make strategic changes to better align with your target market. Some changes to company strategy include, but are not limited to:
Not all feedback demands drastic action to be taken. This data also serves as a tool to help new employees understand who their customers will be. This establishes buyer profiles for your employees, allowing for better distinction of values between different types of customers.
Let us give your company the chance to be most relevant.
Our ramp up process is designed to empower your team and outfit them with the tools they need to succeed. Schedule a time to meet so we can find out how we can support the growth of your company.
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