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At The End of The Day
At The End of The Day
And in order to gauge whether your product will do this, you have to factor in the thoughts and
feelings of that demographic. After all – how can you be expected to market things to people if
you can’t understand what motivates them, what they’re looking for in a product, what kind of
purchase decisions they’re likely to make, or how much they’re willing to pay? Market research
offers this invaluable insight – and it’s not the kind of insight you’ll find anywhere else.
Many of those consumers become loyal customers, which adds to the company's market share and
decreases market share for the company from which they switched.
Qualitative research is an effective product marketing research tool because it examines reality.
Product users decide product success or failure. They are experts about the products they use,
regardless of economic, social, or educational status. They know how they use them, what they
think about them, and what they feel about them.
Often, practical insights come from people who use products at home, work, or play. These insights
are powerful, authoritative information.
Product interviews find out how and why people use products, and they examine users’ satisfaction
and problems they face with products.
Observed behavior is the best. Self-reported behavior is sometimes less reliable. But if you can’t
observe behavior, use self-reported behavior.
Ask:
Product Attitudes
Find out why people use products. Discover perceptions, opinions, feelings, and desires about
products or services they use.
Laddering is a powerful technique to identify attitudes about products. Link product features and
benefits to emotions and beliefs because they influence attitudes.