Product & Sales Optimisation: Ensure your new product’s continuous success

Monitor the success of your solutions in-market by combining internal and market data. Use “what if” scenarios to understand the effect of optimising your product / brand portfolio.

 

Our approach: The Price Sensitivity Meter

The right pricing strategy plays a crucial role in ensuring the continuous success of your product and should therefore be regularly assessed.

price sensitivity meter

  • The “Price Sensitivity Meter” was first introduced by Dutch economist Peter van Westendorp in 1976
  • It is based on the data from four questions that focus on the price points where an offering is seen as too expensive to purchase, too cheap to purchase (where the quality is under question), getting expensive (but still of a purchasable price), and good value for money (an attractive price point).
  • The intersections of the curves are analysed to identify the optimum price range i.e. the lower and upper bounds of acceptable pricing, and the optimum price point.
 

Case study: Supporting the successful re-launch of a lower cost brand sitting alongside a premium core brand

A major producer of LED lighting systems approached B2B International to aid a successful re-launch of one of their brands. A couple of years prior to the project, the client had launched a new, lower cost product range. Initially positioned separately, the company then decided to market the new range under their core brand.

To aid a successful re-launch, our client wanted to get an understanding of installer’s perceptions of the core brand versus competing brands and what strengths & weaknesses major brands have.

Our client also wanted to get insight into the perceptions of the potentially competing brands in their product portfolio and see whether each proposition is understood and considered relevant for purchase. The major question the client had was whether the cheaper product range would have a negative impact on the perception of the core brand.

product and sales optimisation

 
 

Activation services: Helping you get the most out of your research investment

 
Market Prediction Tools / Simulators
Build powerful "what if" simulators that allow your organisation to understand potential outcomes and make smarter decisions.
 
Dashboards / Reportals
Advanced reporting and insight in real-time through custom reports, survey dashboards and portals.
 
Multivariate Techniques
Multivariate research techniques such as conjoint analysis are used to measure preferences and determine the importance of product or service attributes.
 
Product Trials / Prototype Testing
A complete range of advanced research tools to fully assess and prioritise concepts and to evaluate prototype performance.
 

B2B Insights and Viewpoints: What we’ve learned from doing Product & Sales Optimisation

Get in touch to find out how you can benefit from Product & Sales Optimisation