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New Concept Tester

£1,440

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Description

In-depth test of your new product concept with your target customer

Use this to:

Get a final in-depth test of any new product or service concepts prior to final development and/or launch among participants from your target customer group.

  • How attractive is the new product or service?
  • What might the potential sales be?
  • Which positive points stand out & should be promoted?
  • Which negatives points exist that need fixing?
  • Are there any red flags?

What you get in the report:

  • Demographics
  • Overall initial impression of new concept
  • Ease of understanding new concept description
  • Concept feature likes and dislikes
  • Features that encourage use
  • Features that deter use
  • How new concept could be improved
  • Is concept really ‘new’ or just a ‘me too’
  • Experience of existing brands in product sector
  • Which existing brands does new concept most resemble
  • Comparison with similar existing brands
  • Likelihood to use
  • Existing brands most likely to be replaced by new concept

In summary, a pdf report showing how your new concept is perceived (in the customers mind).

Advice about sample to aim for:

To get good indicative data comparing your new concept to existing individual brands you need a minimum sample of at least 30-50 per brand (and preferably the more the better). So, if your total sample is relatively small (e.g. 100) you will not achieve this except for the brands with large shares (e.g. if your sample is 100 then for a brand with a 10% market share you might expect to get around 10 responses for that brand).   Advice from your friendly statistician would probably be to buy the largest sample your budget can afford.

Advice about data collection methodology: Web (self completion)

All you need to do….

You just need to provide us with three simple pieces of information using the downloadable form which you can email back to us.

  • Define your market sector
  • A description of your new concept
  • List the existing brands in that sector

Not what you are looking for?

If you cannot find an off-the-shelf product solution to meet your requirements we offer two great additional solutions:

  1. CUSTOMISE OUR EXISTING PRODUCTS We are happy to take our standard products and customise them to your precise requirements (e.g. by adding extra questions or changing questions). This can be a very fast and cost-efficient way for clients to reach a perfect solution.
  1. COMMISSION A CUSTOM PROJECT We frequently carry out a wide range of custom research projects for clients – so whatever your needs please ask us.

In either case please either use the “Custom Research” option in the footer of this page OR email Chris or Mike directly with your questions:

Chris@researchengine.org

Mike@researchengine.org

 

Additional information

When should I use this product?

Whenever you need to test a new product or service concept among your potential customers. For example, what is the initial reaction to the concept; what is liked or disliked about it; what could be improved; which existing brands will it be compared to; how well is it perceived against them; what might be its likely market share?

What should my new concept description look like?

We need a description, in your own words, including all the important attributes. If you have a picture or diagram of the concept that can also be shown to the respondents.

Sample requirements?

In a B2C market we recommend a minimum sample of n=140 to provide meaningful results, larger if possible.
In B2B market this could still work with n=50.

Reporting requirements?

Do you need an in-person presentation workshop or will a pdf report by sent by email (with follow up phone call) be sufficient?
Please use the reporting options in the drop down list to specify your reporting requirements?

Any questions?

Please use the contact form to let us know?

Can I change the questions?

The questions are formulated to give you very high level of cost effectiveness. You can change the questions but this will add cost and result in delay.

Please use the contact form giving us details about the changes you are looking for. We can explain the cost and time consequences so you can decide which option is best for your situation.

What does the report look like?

A demo report is available for each product so you can see exactly what you get. All you need to do is enter the your email address so we know where to send it.

How quickly will I get results?

The speed of delivery of the report will depend the complexity of the sample that you specify. For example a large B2B sample requirement may take several week or a small consumer sample may take a few days.

What sample should I use?

See main description for guidance.

I don’t have an email list, can you help?

We will endeavor to find a suitable email list for you. Please complete the Audience tab to tell us about your target sample. There is an additional charge for securing this list for you.

Can I just have the link/URL and run the survey internally?

Yes, this is an option. You can also use the service if you want organise your own data-collection/fieldwork.

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