Pricing research.
Find the optimum price point for your product or service.
It can be hard to determine the value consumers place on new products or services. With pricing research, we can help you along the NPD cycle to hone in on the optimum pricing strategy.
Our suite of pricing techniques are designed to work across the go-to-market journey – from the initial stages of development, where can provide broad pricing thresholds right through to full launch, where we can help you understand the price elasticity of your product.
Whether you want to understand the branded impact of pricing, the trade-offs consumers will make in product or service features versus price or simply find the parameters of acceptable pricing, we have the tools and techniques to help.
The impact this research can have on your business:
Develop a competitive pricing strategy
By testing product pricing within a competitive context, we can help you understand how different price points will affect your market share versus the competition.
Determine your revenue yield
Our analysis techniques can plot the expected revenue yield at different price points, helping you calculate the overall return on a new launch so you can finesse your strategy.
Understand the value placed on different features
Through testing product and service bundles, we can identify the relative value consumers place on different features. This will allow you to create the ultimate combination to drive sales at the optimum price point.
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Our global footprint makes us the go-to partner for international market research. We offer all qualitative and quantitative methodologies across our office network and beyond.
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Download the guide nowHow to Use Data Analytics to Optimise Pricing and Promotions for Price-Sensitive Consumers.
In today’s hypercompetitive market, pricing and promotion optimisation have become crucial for brands’ success. With the rise of price-sensitive consumers, companies must find ways to offer value without sacrificing profit margins. And that’s where data analytics comes in! According to a recent study, companies that use data analytics to optimise pricing and promotions see an […]
The Ultimate Guide to Pricing Strategies.
Pricing is a critical component of the marketing mix. Think about what drives shoppers to purchase a product or service. Is it brand value, product quality, level of customer service provided, design, or price? According to research, 60 percent of online shoppers globally consider pricing as the first criterion affecting their buying decision. In tough […]
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With over 25 years in the business of market research, we have extensive experience and a depth of knowledge across a range of sectors.
We bring this to bear to design the very best approach to meet your objectives.
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Treatwell
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Arla Foods
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Discovery
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Panasonic – Singapore
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Bridgestone