Unlock High-Impact White Space Opportunities with Demand Space Analysis

Unlock High-Impact White Space Opportunities with Demand Space Analysis

Key Takeaways: What is Demand Space?: Demand space analysis maps customer needs by importance and availability to pinpoint white space opportunities. Use it for: New product development, market entry, and identifying White Space (high-importance, unmet needs). Common Research Methods: MaxDiff, conjoint, segmentation, and Voice of Customer research. Outcome: Clear prioritization of innovation efforts and smarter […]

Concept Testing: A Guide to Validating Your Ideas

GLG Article - What is Concept Testing? Concept Testing Methods.

Key Takeaways: What is Concept Testing?: A research method to evaluate the appeal, clarity, and market potential of a product, service, or feature before development or launch. When to Use it: Early ideation, pre-launch, UX refinement, and market entry. Concept Attributes: Tagline, benefits, how it works, price Common Concept Testing Methods: Surveys (quantitative), interviews/focus groups […]

Understanding Conjoint Analysis: A Comprehensive Guide for Market Researchers

GLG Article: What is Conjoint Analysis and when to use it

What is Conjoint Analysis? Conjoint analysis is an effective market research technique that helps businesses understand customer preferences by creating hypothetical product and price scenarios. This statistical method captures respondents’ preferences and intentions by asking them to evaluate different combinations of product features, services, and pricing options. Conjoint analysis in marketing research enables companies to […]

What Is Message Testing, and Why Does It Matter? 

What is message testing and why does it matter?

Are you describing your brand in a way that appeals to your prospects? How do you best position the product you’ve developed (or are developing)? How can you describe your service to a marketplace in a way that resonates with your customers and prospects? When you are tasked with the challenge of thinking about how […]

Understanding MaxDiff Analysis: A Comprehensive Guide

MaxDiff Analysis by GLG

What is MaxDiff Analysis? Maximum Differential Scaling (MaxDiff) is a survey research technique used to measure the relative importance of multiple items, such as product features, benefits, or attributes. Unlike traditional rating scales where respondents might rate everything as “important,” MaxDiff forces respondents to make trade-offs by selecting what’s most and least important to them […]

Should You Use Market Research Experts to Guide your Research?

In today’s competitive and fast-paced landscape, it is more important than ever to make sure your research is done correctly to give you actionable and reliable insights. Expert-led market research can give you clarity for your most important decisions by integrating the knowledge and experience of seasoned market research experts who have “been there, done […]