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Product Testing Market Research

Product Testing Market Research

Product Testing Company

Taking a product through the concept phase can be a daunting process in a complex and ever-changing marketplace.

Conducting comprehensive and insight-rich testing with targeted stakeholders and consumers is crucial to mitigating the risks associated with launching a new product. We take a unique and innovative approach to conducting product tests and delivering critical pre-launch consumer analysis to clients.

What is product testing market research?

Product testing market research is an essential component of product development. By collecting insights and data from potential customers, companies can learn more about a product’s performance, usability, and desirability.

With these findings, companies have the information necessary to make wise decisions about their products, increasing customer satisfaction while simultaneously improving sales.

Why is product testing market research so important?

Product testing market research is critical for making sure the products truly matter to customers. This is because you can study market trends and current consumer preferences that may change from year to year depending on the global market and its trends.

Thus, enterprises should conduct product testing market research to understand how potential customers perceive their products, discover any issues or concerns consumers may have, and modify them accordingly. Without this research, companies risk launching products that don’t meet customer expectations and this can lead to low sales and damage the brand’s reputation.

Furthermore, these insights can assist companies in developing refined strategies for their products that set them apart from the competition, providing businesses with a competitive edge.

Opportunities and challenges of product testing market research

Product testing market research open great windows of opportunity for companies. However, it must also be taken into account that this study presents some challenges to overcome for an accurate picture of consumer tastes in a specific market.

Opportunities

  • Innovation: Product testing market research delivers valuable insights into customer demands and tastes, helping companies identify potential areas for innovation and differentiate their products from those of their competitors.
  • Customization: Companies can increase customer loyalty and satisfaction by crafting products that speak directly to customers’ needs. By tapping into what drives their preferences, businesses will build trust while creating tailored solutions that meet each unique requirement.
  • Branding: Product testing market research provides tremendous insight into how consumers perceive the company’s products. It allows the decision-making team to refine the brand identity.
  • Cost reduction: Companies can lower the cost of post-launch product improvements by solving issues before the launch, resulting in improved efficiency and higher profits.
  • Market expansion: Market research can uncover untapped potential for businesses, unveiling fresh and unexplored market opportunities that could lead to expansive growth.
  • Enhanced marketing strategies: By leveraging customer feedback, companies can benefit from in-depth insights to customize their marketing strategies and reach a wider audience and more potential customers.

Challenges

Product testing market research can be beneficial to companies, yet there are a few challenges that arise when conducting this type of study:

  • Conducting product testing market research can be lengthy and costly if the company is seeking to test several products or plans to enter multiple markets at the same time. Companies must invest the necessary time and funds to ensure that the research is completed accurately.
  • Finding suitable participants for research may be challenging depending on the particular characteristics of the target market sample.
  • Companies must guarantee that the sample size of their research is ample to gain valid results. Otherwise, they will not be able to draw reliable conclusions from the data collected.
  • Consulting firms must mitigate bias during product testing and market research. If the moderator does not ask participants to elaborate on their answers, participants could feel social pressure and provide similar answers.
  • Interpreting the research results may be a complex task if there are multiple products for different market segments. Companies must carefully evaluate the data they receive and use it to make effective product development decisions.

Our Approach

Product Testing Market Research Strategy

Our multi-layered concept testing techniques are focused on identifying consumer relationships, sources of Emotional Connections, unmet needs, and product preferences. The best and most effective concept tests often use a hybrid methodology, employing both qualitative discussions and larger-scale quantitative surveys. Ultimately, our solutions provide rich layers of actionable data to our clients that drive the results of their new products in the marketplace.

Case Study: Product Testing on DSLR Camera Lenses

Background and Research Goals

The client, a manufacturer of DSLR camera lenses, sought to understand the reasons behind American consumers’ opinions on the aesthetic elements of mid-range and high-end DSLR camera lenses. The interest was specifically in the visual, tactile, and auditory aspects of the lenses rather than the photo quality they produced. Consumer attitudes towards lens appearance, feeling, and structure have been somewhat overlooked in previous research in this area, which has focused mainly on the functional aspects of lens quality.

Methodologie

23 respondents were selected based on three main criteria:

  1. Owning high-end and mid-range Canon and Nikon digital cameras
  2. Owning at least 3 DSLR camera lenses
  3. Taking photos with a DSLR camera at least five times per week.

These respondents were invited to a Manhattan photo studio where they provided their in-depth opinions on 14 different DSLR camera lenses. The lenses, each from different manufacturers, were selected to represent different aesthetic styles and choices that designers make, e.g. the location of labels and controls on the lens, the ease or difficulty with which the focus and zoom rings can be turned, and the feeling of the material the lens is made of. Each respondent completed one hand-written survey per lens, which included both scale-ranking questions as well as open-ended, qualitative questions. The results of these surveys were then analyzed on both a quantitative and qualitative level to uncover market trends.

Findings and takeaways

Analysis of these questionnaires yielded several key findings, including:

The client realized the opportunity that lies in producing zoom and focus rings that require minimal effort to adjust while still maintaining a feeling of precision and sturdiness. This came from the surprising finding that this was the greatest determining factor of overall lens quality. In-depth interviews with select respondents illuminated the need to have lenses that make as little noise as possible when working in professional environments so as not to distract photo subjects, representing an opportunity to market silent lenses to professional photographers. The survey analysis revealed that the weight of the lens is a strong determinant of its overall feeling of durability. Since these lenses are a significant investment – many high-end lenses sell for upwards of $1,000 – consumers want to feel that they are buying a product that will last. The client was then able to recognize the value in the message of a strong, durable lens that will last a lifetime.

About SIS Product Testing Market Research

SIS is a leading Market Research company. We have conducted thousands of tests across the United States and around the world. Product Tests are detail-oriented and require experience to ensure they are conducted effectively. We provide that experience.

Our Product Research Solutions include:

  • Sequential Monadic Product Tests
  • Monadic Product Tests
  • Ethnography
  • In-Home Usage Tests
  • Centrale locatietesten
  • Focusgroepen
  • Mobile Ethnography

SIS Internationaal offers Quantitative, Qualitative, and Strategy Research. We provide data, tools, strategies, reports, and insights for decision-making. We also conduct interviews, surveys, focus groups, and many other Market Research methods and approaches. Contact us for your next Market Research project.

Foto van auteur

Ruth Stanat

Founder and CEO of SIS International Research & Strategy. With 40+ years of expertise in strategic planning and global market intelligence, she is a trusted global leader in helping organizations achieve international success.

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