Feeling spicy 🌶️ during this cold week 🥶 so here's another nerdy take from me 🤓 - All push back and comments welcome!
#MaxDiff #TURF have been the tried-and-true approach for years when teams need to prioritize claims, benefits, or features. And as the (self-crowned) queen of MaxDiff 👑 🤣 I know why! It’s really great for answering:
“How do we make sure there’s something for everyone?”
But lately I've been having a lot of conversations where the real business question isn’t reach or breadth it's...
“What’s the best combination of things to say together to actually drive purchase?”
And that is what makes Token-Based Conjoint (
#TBC) so powerful!
It can tell you the best 1 claim, 2 claim, 3, 4, 5, 6 claim bundle AND how purchase intent changes as you add more claims to the bundle.
And we know that for some consumers (think "enthusiasts / early adopters") we might not need to offer too much to drive conversion. They'll subscribe with 1-2 strong benefits. But for others (think "pragmatics / skeptics / late adopters"), they might need more reassurance...and even then you still might not win them!
TBC is built to answer:
- If you only got 1 benefit, would you subscribe?
- If you get these 3 together, how much does intent jump?
- When do extra benefits stop helping and just start getting more expensive for you to offer?
MaxDiff TURF - while fabulous - just can't answer that conversion question in the same way.
My rule of thumb?
👍If the job is to maximize how many people see something they like → TURF
👍If the job is to optimize the story the pack (or offering) tells under constraints → TBC
TL;DR
TURF = coverage / breadth
TBC = conversion / depth
The screenshot below shows you "how" we capture TBC data.
Want to learn more about TBC? Check out the recording of our webinar at the link here
lnkd.in/g2gnPWif