TLDR: WATCH THE VIDEO (click above)
When it comes to user feedback, talk is cheap. And today weāll find out whyā by taking Mailchimpās ā15-minuteā customer feedback survey (spoiler: it felt like 50 minutes).
On one level, this is a teardown of a feedback survey. But itās also a map for how to change your classic ātraditionalā research questions into more predictive and informative product insights. And the key here is not letting people do cheap talk.
What is cheap talk? Itās asking āDo you like this?ā Even if the answer is āyesā, it doesnāt matter. Because thereās no skin in the game.
This is well known in the pricing literature. Under hypothetical settings in willingness-to-pay studies, people state a higher valuation than their actual valuations. We call this phenomenon the hypothetical bias, a.k.a. cheap talk. (Harrison and Rutstrƶm 2008; Murphy et al. 2005; Wertenbroch and Skiera 2002). Basically, people report a higher value than theyāre willing to pay in reality. To overcome this bias, āincentive-compatible methodsā have been developed to reveal peopleās true willingness to pay. This means if you say youāll buy something in a survey, thereās a real chance you will actually have to buy it!
In this vein, to get real customer insights about their preferences, we need folks to make tradeoffs or have some cost to their decision. Instead, Mailchimpās survey fished for complimentsā or tried to validate features in a way that seemed more aimed at crafting user personas than meeting my needs as a customer.
This isnāt trivial. Asking the wrong questions can lead to misguided conclusions, which can influence product development in unproductive directions.
So today, weāll give feedback on the feedback survey. Weāll talk about time expectations, incentive design, and of course, question designāand why Iām nervous for Mailchimpās product development if they donāt change their approach.
This isnāt just about pointing fingers at Mailchimp. It's also a lesson in how to do product or customer discovery that actually works).
Things I cover in this teardown:
š Why someone who takes a 15-minute survey is NOT your average user (& how to solve forĀ self-selection)
š How to design financial incentives in your survey that actually work
š One of the hardest questions in survey design and how to get it right
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Questions about your product? Email kristen@irrationallabs.com.