Price ModelingQuantitative research sometimes strikes fear into people just by saying the two words. But in reality it’s nothing to fear but something that should be learnt about a lot more because it could really help your brand and business for the better. Through quantitative research businesses can use different techniques like focus groups, interviews and much more to find out a lot of information about what their consumers likes and dislikes are, in turn helping you make your brand one of their likes. Cousins Davis brand development agency has been involved with quantitative research for many years and has found that a good method to look into is price modelling.
Price Modeling MethodsA business or brand can use a variety of price modeling when selling a product but they need to choose the best one for them that will sell to their consumers. The price can be set to maximise profitability for each unit of your product sold or from the market overall. Price modelling can be used to defend an existing market from new entrants or to increase the market share within a market or to enter into a new un-explored market. Businesses may benefit from lowering or raising prices. This depends on the needs and behaviour of their aimed consumers in that particular market. Finding the right price modelling strategy is vitally important when creating a successful brand and running a successfully business. This quantitative research method is a very simple and effective market research tool for using to gather the information needed to develop your brand and make your business become something fantastic. At Cousin Davis brand development agency we know that this can all be overwhelming but we can direct you step by step so you know you’re doing what is right for your brand. Cousin Davis brand development agency can help show you how quantitative research methods like price modelling can help you raise the profile of your brand to give consumers what they want.
We have been using CousinsDavis to help us with our quant and qual insight work for several years now, and I love their dedication to our brand and in particular their support of my marketing team – nothing is ever too much trouble, they will always go the extra mile for us, and when we want quick turnaround on a debrief or some extra help with additional questions, even long after the report is completed, they are always delighted to oblige. A real gem of a team, I think my team really would be lost without them!”
CousinsDavis bring “best in class” insight delivered on time and always within budget…and are a pleasure to work with. They have proven themselves to be both the most cost effective insight partner we have but also the most valuable in terms of actionable insight for our category”
I take a pretty dim view of most marketing/research companies – too many vast and expensive reports that are never acted on. CousinsDavis are an exception: they have tremendous energy, focus and experience, and every time I’ve worked with them, I’ve come away with real insights that have had a demonstrable and hugely positive impact on the business – and quickly, too”
I have taken CousinsDavis with me to every company I have worked at over the last 11 years. Huge experience and intelligence means they always provide insight and clarity of thought and recommend actions that deliver real results and real increases in profit. They also have the unique ability to both educate and inspire teams of often-cynical employees, whether at board level or the most junior members of the team!”
Having worked with CousinsDavis on a number of projects, I can highly recommend them. Paul, Liz and their team are insightful, knowledgeable, energetic and great fun to work with. They always deliver strong, coherent and very tangible recommendations based on a healthy combination of thorough research and experienced-based common sense”