P&G will use zTelligence 2.0 from MarketTools Inc. for its online research. The company also participated in a $20 million round of financing in March, bringing MarketTools' total venture funding to $50 million.
MarketTools offers its software on a hosted basis. Using a browser, companies can receive returned surveys via E-mail in real time. They also can build and manage detailed proprietary panels of consumers, who register for future surveys at a Web site in return for a coupon, check, or other incentive. Panel profiles are dynamically updated with data collected from surveys. Clients can update, view, and deploy surveys to the panels. Most important, reports can be customized according to specific demographic data such as age, salary, area of residence, and number of children.
Pricing for zTelligence 2.0 ranges from $5,000 to $100,000 a month, depending on the number of people in a customer panel. It also varies according to the complexity of a survey.
P&G still handles the majority of its customer surveys with conventional research firms, such as Custom Research, Market Facts, and NPD Group, all of which reach consumers through the mail, phone, and Web.
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