Market Research
Data-driven decisions for the win-win
Your customers are eager to tell you what they want. Understanding their wants and needs enables you to make the best product or service available to them at the right price—it’s a win-win.
One of the greatest challenges in conducting market research is listening to stakeholders without hearing what you want to hear. Subjective guessing and making decisions in a bubble can be significant threats to growing businesses. Our research uses science-based processes designed to eliminate bias and capture the authentic voice of your customers, clients or community.
Full-Service Marketing Capabilities
- Survey Research
- Focus Groups
- In-depth Interviews
- Competitive Analysis & Benchmarking
- A/B Testing
- UX & Usability Testing
Our Approach
Discovery & Goal Setting
Develop Research Questions
Select Proven Methodology
Find a Representative Sample of Respondents
Collect Data
Report Descriptive & Statistical Findings
Analyze Findings for Implications
Provide Recommendations for Next Steps
Our Work
New Product Pricing & Market
Feasibility Study
Before you reconfigure your factory, invest in new equipment or change work processes, it can be beneficial to conduct qualitative and quantitative market research to understand if your new product idea is feasible. This was the case for an automotive supplier that approached us late last year with a great idea for a new product.
Understanding is Power
In the 1980s, Coca-Cola introduced what is now considered one of the greatest marketing blunders of all time: New Coke. In their market research, blind taste-tests showed their new formula outperformed both their original formula and Pepsi by several percentage points. Based on this knowledge, the launch should have been a slam dunk. Instead, it resulted in devastating losses. What Coke didn’t understand was how buying decisions were based on more than taste.
Effective market research doesn’t just yield knowledge—it creates understanding that will yield the best outcomes for your company and stakeholders.
Intuition Can Only Take You So Far
When faced with high-stakes challenges daily, good leaders learn to trust their intuition. But great leaders understand the limits of gut instinct. When it comes to the big questions, gathering evidence is key to making informed decisions:
- What do my customers actually want?
- How much would they be willing to pay for it?
- Will we be able to recover our investment on this product or service?
- Are they using what we gave them the way it was intended?
- How might they respond to a new feature or price change?
How We Use Market Research
Our researchers are experts at creating understanding from market research data and positioning your company to make informed decisions about how to best serve your stakeholders.
Example Applications
- Name products or a company
- Conduct marketing feasibility studies
- Set pricing for new products
- Understand brand perception with customers or community
- Craft messages that connect and inspire stakeholders
- Understand customer satisfaction with specific products and services
- Develop customer service or onboarding training materials
- Segment audiences and develop customer personas
- Optimize website or app user experience (UX)
- Develop reporting analytics and insights dashboards
Industry-Leading Platforms
Boileau & Co. partners with the top data-collection platforms to implement effective research that conforms to industry best practices.
