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Market Research
Print Version
Objective
Assess marketplace acceptance of new product under development and gauge pricing tolerances
Client
$16 million travel technology division of conglomerate
Contact
Division President
Length of Engagement
6 weeks
Methodology
Identify and size potential customer universe
Develop mail survey to elicit responses to key questions directed to potential customers
Execute mail survey and compile responses
Analyze survey results
Draw conclusions based on results
Make recommendations to client
Output
Detailed database of potential customers; 75-page report depicting survey design, methodology and results; 3-hour client presentation / interactive session.
Results
Client was better able to make product and pricing adjustments based on accurate marketplace information. Client was able to approach the marketplace more efficiently, focusing their efforts on higher-quality prospects.
Obtained meetings for client with critical potential customers.
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