Market Research
At Catalyst, market research is a vital part of the product development process. Our design and marketing teams are intimately involved in the development of each research study, which introduces a unique perspective. We begin by learning who your customer is, how they shop, why they buy and what makes them tick. Understanding this behavior increases your opportunity to launch a successful product. As part of the Discovery Phase, research can set the tone and direction for the entire project. Qualitative Research Methods (who, what, how, why) |
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Quantitative Research Methods (how many)
Mall intercepts and online surveys shift the focus from a group setting to an individual perspective. These methods provide a larger sample audience with a "what do you like and why" list of questions.
Trend Analysis
Trending also plays an important role in product design and development. This allows designers, before marketing specifications are finalized, the opportunity to investigate related or non-related categories, industries and products. They also look for trends in materials, color and technology that might affect the design or future design of the product.
Observational studies are probably the most important research method used in the product development field. Whether observing buyers at the actual point of purchase or creating an environment for customers to interact with product, watching consumers use your product or make a buying decision will reveal answers to many of your questions-- sometimes with brutal honesty.
