CHICAGO – Currently, technology companies are analyzing data more than ever to ensure that their product is reaching the right type of customer. Joel Friedman of SurveyWriter.com sat down with ePrairie to discuss how his company provides the software and targeting strategies to provide such a service.
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ePrairie: Please tell us about your company.
Joel Friedman:
SurveyWriter.com is an application service provider to the marketing research
industry. We provide Web-based software that allows companies to create and
deploy Web surveys, and once the data is collected, to analyze and chart the
results.
When this market was young (three to four years ago), we knew the industry was going to move to Web-based data collection and analysis. The tools and resources needed to provide these Web services were going to be priced beyond reach of all but the largest companies.
We saw an opportunity to provide an extensive set of software tools to small and mid-sized research companies at a reasonable price. We believed (and were proved correct) that these smaller companies would jump at the chance to have the capabilities to compete with their much larger competitors.
Because we are completely self-financed from the sale of a previous company, we have weathered the dot-com storm quite well. Our business model has left us debt free and our independence has provided us with a high degree of flexibility.
eP: How long has SurveyWriter.com been in existence?
JF: About
three-and-a-half years. We started development in January 1999 and had our first
sale the following September.
eP: Why would technology companies choose to use your services?
JF: We offer an
extremely sophisticated product with a great user interface at about one-third
the price of our competitors.
eP: What is your position and role at SurveyWriter.com?
JF: I am CEO
and president. I have been with SurveyWriter.com since its inception and have
about 20 years experience in the marketing research industry. My understanding
of the market has allowed me to play a key role in the design and functionality
of our products. Now, I spend a lot of my time extending our relationships with
current clients and building relationships with new clients.
eP: Please tell us about the size of your company and describe the people
you work with.
JF: The
SurveyWriter.com team is a tight-knit group of individuals whose skills really
complement one other. The core team is made up of myself and Paul Vriend, who is
a key stockholder and vice president of business development. We also employ a
number of very talented programmers and Web designers.
eP: In the past year or so, has SurveyWriter.com been conducting business
alone or have you sought assistance from other companies to sell or better your
product? Have you provided those services to other companies?
JF: We have
taken a two-prong approach. While we actively recruit new clients and firms, we
are also licensing our products and technology to value-added resellers (VARs)
and other resellers.
eP: Please elaborate on what VARs and resellers are to your company and
how they are different from new clients and firms.
JF: Our VARs
are integrating the suite of SurveyWriter.com tools with other applications
(such as direct mail, advanced statistical tools, data mining and corporate
reporting tools) and reselling it as part of a larger package.
Our resellers, on the other hand, are selling the tool "as is" to their clients. Some of the resellers are selling it as representatives of SurveyWriter.com and others are rebranding and positioning SurveyWriter.com for other markets.
We are primarily focused on providing applications to the marketing research industry, but SurveyWriter.com has applications in many other markets. It really is an application that allows for a two-way dialog over the Internet by delivering rich media content over the Web and collecting feedback from the viewer.
Because the tools have built-in programmable functions, they are also being used for educational testing, manufacturing process evaluations and corporate database integration. There are number of other interesting applications and we are always looking for partners who would like to help us adapt and resell the tools.
eP: Regarding our current economic situation, have you or your company
tried new strategies or different approaches to business development compared to
a year or two ago?
JF: We have
been pretty lucky. Our market has stayed very strong and we have continued on
the marketing path set out in our original business plan. As we have increased
revenue, we are spending more money on marketing, including a larger advertising
and trade show budget. We are also expanding in the European market. In the long
run, we feel this will offer some protection from the fluctuations in the
domestic market.
eP: What type of service does SurveyWriter.com offer that your competitors
do not?
JF: Most of our
competitors offer a fairly simple product. Their primary market is small
businesses that want to perform their own market research. We, on the other
hand, have focused on marketing research companies that act as resellers for our
product. This means that our product needs to be extremely flexible so it can
conform to a wide variety of research designs and methodologies.
We also have a strong set of analytical tools. Most of our competitors have only the simplest analytical capabilities. We offer a full suite of analytical tools including full reporting, charting, advanced statistics, full crosstabs and data transformation. Most of these tools can only be found in dedicated, standalone software packages.
Finally, we are very focused on integrating our tool more directly into corporate databases and intranets. It is one thing to collect data from customers and clients but to integrate the process into the corporate database allows for a much greater understanding of the data that is collected. It also provides corporate managers with instant access to critical data.
eP: Say I am a prospective client. Is there anything more I should expect
from you or your company other than the service?
JF: We are
always improving our product's usability and functionality. Our knowledge of the
industry allows us to build new functions and features before our clients
request them. Clients are always very surprised to find that a feature they
really wish was available has already been implemented into our applications.
eP: Describe a typical office day for you and your co-workers.
JF: The nature
of our business has allowed us to develop new ways of conducting day-to-day
business. The Internet is our primary business tool. Support, sales and product
development are all Web-based. This gives our staff a great deal of mobility.
With a cell phone and wireless Web access, we can conduct business on the golf
course or at your kitchen table just as well as from our central office.
eP: Do you or any of your co-workers play music while you work?
JF: Most of my
time is spent on the phone with clients so I need to keep the background noise
fairly low. When I play music in my office, it is usually classical music. Paul
and his minions, on the other hand, have eclectic tastes and you will hear
everything from Fugazi and Radiohead to Medeski Martin & Wood.
ePrairie: Describe your interests or hobbies.
JF: Before I
had children, I used to do quite a bit of bicycle touring in the U.S. and
Canada. It’s much harder to do so now, but I do try to get out and ride
locally a couple times a week. I also try to take the bike with me if a business
trip takes me to good place to ride.
eP: Anything extra to add?
JF: I am
thrilled to be able to do business over the Internet. Its ever-changing
technologies are a welcomed challenge. It provides us with unprecedented
freedoms and new opportunities seem to jump out at us at every turn.
By LOU CALAMARAS
Contributor