Consumer Preferences Archives - MarketGenics https://marketgenics.co/tag/consumer-preferences/ Best Market Research Company Tue, 06 Aug 2024 09:05:59 +0000 en-GB hourly 1 https://wordpress.org/?v=6.6.2 https://marketgenics.co/wp-content/uploads/2021/01/icon.png Consumer Preferences Archives - MarketGenics https://marketgenics.co/tag/consumer-preferences/ 32 32 Unveiling Consumer Preferences: MarketGenics’ Product Test for a Reputed Herbal Cosmetic Brand​ https://marketgenics.co/2024/08/unveiling-consumer-preferences-product-test/ Tue, 06 Aug 2024 08:29:06 +0000 https://marketgenics.co/?p=13131 Unveiling Consumer Preferences: MarketGenics’ Product Test for a Reputed Herbal Cosmetic Brand Unveiling Consumer Preferences: MarketGenics’ Product Test for a Reputed Herbal Cosmetic Brand In today’s competitive beauty business, staying ahead involves more than simply innovation; it also necessitates a thorough awareness of consumer tastes and expectations. Recognizing this, a reputable herbal cosmetic manufacturer collaborated with MarketGenics.co to conduct a rigorous product test on four of their most recent offerings: Kojic Serum, Peptide Serum, Deep Hydra Crème, and Facewash. What’s the goal? To guarantee that these products not only meet but exceed consumer expectations, and to identify any areas for improvement if needed. The Objective: Consumer-Centric Product Development The brand, which is known for its commitment to quality and innovation, wanted to assess these products based on physical characteristics, sensory experience, distinctiveness, and purchase intent. The findings would guide their go-to-market plan and determine whether any changes were required to perfect the formulations. Methodology: Monadic Testing Home Placement MarketGenics adopted a Monadic testing approach, allowing each product to be evaluated individually in a blind format. This method was key to ensuring unbiased feedback, as respondents had no preconceived notions influenced by branding or packaging. The products were delivered to the respondents for their feedback before using, while using and after using.  Participants: The product test included 250 females aged 18-45 years living in Tier 1 cities. This demographic was chosen to match the brand’s target market. The Testing Process: The testing process involved participants using the goods at home to simulate real-world usage. The testing was separated into three stages: Before Use: Initial impressions of the product (Packaging, Appearance, Overall opinion on looks, Modernity/design, Spontaneous likes and dislikes) While Using: The application experience, which includes texture, aroma, and simplicity of use. Post-Use: Last thoughts after using the product with a focus on its effectiveness (Skin reaction – dryness, normal, oily; Skin Irritation – redness; Post application feel –  greasy, sticky, heavy, lightweight) and overall appeal. Data collection: After using the product, a structured questionnaire was provided to the respondents post usage of product where in customers ranked each of the products on two scales Unidirectional scale: Participants rated each product on a Likert scale of 1-10, assessing specific attributes like fragrance, texture, and overall satisfaction. Bi-polar Scale: Just-About-Right (JAR) questions were included to provide nuanced insights into whether specific attributes were too much, too little, or just right. Results: A Positive Outlook The input from participants gave a wealth of actionable information. The average Unidirectional scores for all four goods were remarkably high, indicating great consumer approval. The JAR analysis reinforced these findings, showing that minor modifications were required in several qualities, such as lowering the smell level for one of the serums. Overall, the findings were overwhelmingly positive, indicating that these items are ready for market use. No major dislikes observed among respondents across centers for any of the products. Conclusion: A Step Forward for Consumer-Centric Innovation The good outcome of this product test demonstrates the brand’s commitment to providing high-quality beauty items that appeal to consumers. By employing MarketGenics’ consumer research skills, the brand now has the knowledge that no major tweaks need to be done on any of the products. This collaboration not only emphasizes the value of consumer feedback in product creation, but it also establishes a new standard of excellence in the cosmetics business.

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Unveiling Consumer Preferences:
MarketGenics’ Product Test for a Reputed Herbal Cosmetic Brand

Unveiling Consumer Preferences: MarketGenics’ Product Test for a Reputed Herbal Cosmetic Brand

In today’s competitive beauty business, staying ahead involves more than simply innovation; it also necessitates a thorough awareness of consumer tastes and expectations. Recognizing this, a reputable herbal cosmetic manufacturer collaborated with MarketGenics.co to conduct a rigorous product test on four of their most recent offerings: Kojic Serum, Peptide Serum, Deep Hydra Crème, and Facewash. What’s the goal? To guarantee that these products not only meet but exceed consumer expectations, and to identify any areas for improvement if needed.

The Objective: Consumer-Centric Product Development

The brand, which is known for its commitment to quality and innovation, wanted to assess these products based on physical characteristics, sensory experience, distinctiveness, and purchase intent. The findings would guide their go-to-market plan and determine whether any changes were required to perfect the formulations.

Methodology: Monadic Testing Home Placement

Unveiling Consumer Preferences- MarketGenics Product Test

MarketGenics adopted a Monadic testing approach, allowing each product to be evaluated individually in a blind format. This method was key to ensuring unbiased feedback, as respondents had no preconceived notions influenced by branding or packaging. The products were delivered to the respondents for their feedback before using, while using and after using. 

Participants:

The product test included 250 females aged 18-45 years living in Tier 1 cities. This demographic was chosen to match the brand’s target market.

The Testing Process:

The testing process involved participants using the goods at home to simulate real-world usage. The testing was separated into three stages:

  • Before Use: Initial impressions of the product (Packaging, Appearance, Overall opinion on looks, Modernity/design, Spontaneous likes and dislikes)
  • While Using: The application experience, which includes texture, aroma, and simplicity of use.
  • Post-Use: Last thoughts after using the product with a focus on its effectiveness (Skin reaction – dryness, normal, oily; Skin Irritation – redness; Post application feel –  greasy, sticky, heavy, lightweight) and overall appeal.

Data collection:

After using the product, a structured questionnaire was provided to the respondents post usage of product where in customers ranked each of the products on two scales

  • Unidirectional scale: Participants rated each product on a Likert scale of 1-10, assessing specific attributes like fragrance, texture, and overall satisfaction.
  • Bi-polar Scale: Just-About-Right (JAR) questions were included to provide nuanced insights into whether specific attributes were too much, too little, or just right.

Results: A Positive Outlook

The input from participants gave a wealth of actionable information. The average Unidirectional scores for all four goods were remarkably high, indicating great consumer approval. The JAR analysis reinforced these findings, showing that minor modifications were required in several qualities, such as lowering the smell level for one of the serums.

Overall, the findings were overwhelmingly positive, indicating that these items are ready for market use. No major dislikes observed among respondents across centers for any of the products.

Conclusion: A Step Forward for Consumer-Centric Innovation

The good outcome of this product test demonstrates the brand’s commitment to providing high-quality beauty items that appeal to consumers. By employing MarketGenics’ consumer research skills, the brand now has the knowledge that no major tweaks need to be done on any of the products. This collaboration not only emphasizes the value of consumer feedback in product creation, but it also establishes a new standard of excellence in the cosmetics business.

The post Unveiling Consumer Preferences: MarketGenics’ Product Test for a Reputed Herbal Cosmetic Brand​ appeared first on MarketGenics.

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Exploring Consumer Preferences: Product Study for an Electronic Home Appliance https://marketgenics.co/2024/04/exploring-consumer-preferences/ Thu, 04 Apr 2024 01:27:27 +0000 http://homelancing.co/?p=1052 A New Product Study for an Electronic Home Appliance Brand Exploring Consumer Preferences: A New Product Study for an Electronic Home Appliance Brand Introduction Understanding customer preferences is critical to the success of any new product. For an electronic home appliance business launching a new frost-free refrigerator, MarketGenics conducted a comprehensive study to probe into potential purchasers’ brains. This blog post discusses the project’s objectives, approach, and effective execution, demonstrating how MarketGenics excels at providing relevant market insights. Project Overview Research Type: QualitativeObjective: To gather insights from female respondents planning to buy frost-free refrigerators in the next 3-4 months.Target Audience: Women aged 28 to 40 yearsLocations: Delhi and Chennai Research Methodology: Focus Group Discussion MarketGenics selected the Focus Group Discussion (FGD) approach for this project. FGD is a qualitative research approach in which a small group of people participate in an in-depth conversation about a specific topic, facilitated by a professional moderator. This strategy is extremely effective at revealing consumers’ deeply held beliefs, preferences, and motives. MarketGenics’ Approach: Recruitment and Screening:  The initiative began with a careful recruitment and screening process. MarketGenics guaranteed that all participants met the criterion for potential purchasers of frost-free freezers in the next 3-4 months. This phase was critical for gathering relevant and actionable findings. Conducting the Group Discussion: The group discussion was conducted by MarketGenics’ experienced moderator, who interacted with respondents from both Delhi and Chennai over two days . The discussions were held in a controlled setting to preserve focus and extract useful comments. For quality assurance, a client representative was present during the conversations. MarketGenics’ Success Story This study demonstrates MarketGenics’ expertise in performing market research. The in-house team oversaw all aspects of the study, from recruiting to execution, to ensure that the client’s objectives were satisfied. The pre-screening of responders was comprehensive, and the talks were informative, giving the client a clear picture of consumer preferences. Conclusion The new product research for the electrical appliance brand was a huge success. MarketGenics’ scientific methodology and skill in group discussion research provided significant insights to the client, allowing them to make educated decisions about their product launch. This project demonstrates how MarketGenics can help firms strategize effectively by conducting extensive market research and data analysis.   Have a project in mind? Let’s talk now. Are you ready to obtain deep insights into your target market? Partner with MarketGenics on your next project. Our team of professionals is prepared to do extensive market research, ensuring that you have the information you need to make strategic decisions and achieve company success. Contact us today to learn more. Contact Now

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A New Product Study
for an Electronic Home Appliance Brand

Exploring Consumer Preferences: A New Product Study for an Electronic Home Appliance Brand

Introduction

Understanding customer preferences is critical to the success of any new product. For an electronic home appliance business launching a new frost-free refrigerator, MarketGenics conducted a comprehensive study to probe into potential purchasers’ brains. This blog post discusses the project’s objectives, approach, and effective execution, demonstrating how MarketGenics excels at providing relevant market insights.

Project Overview

Research Type: Qualitative
Objective: To gather insights from female respondents planning to buy frost-free refrigerators in the next 3-4 months.
Target Audience: Women aged 28 to 40 years
Locations: Delhi and Chennai

Research Methodology: Focus Group Discussion

MarketGenics selected the Focus Group Discussion (FGD) approach for this project. FGD is a qualitative research approach in which a small group of people participate in an in-depth conversation about a specific topic, facilitated by a professional moderator. This strategy is extremely effective at revealing consumers’ deeply held beliefs, preferences, and motives.

Understanding Consumer Preferences

MarketGenics’ Approach:

Recruitment and Screening:  The initiative began with a careful recruitment and screening process. MarketGenics guaranteed that all participants met the criterion for potential purchasers of frost-free freezers in the next 3-4 months. This phase was critical for gathering relevant and actionable findings.

Conducting the Group Discussion: 
The group discussion was conducted by MarketGenics’ experienced moderator, who interacted with respondents from both Delhi and Chennai over two days . The discussions were held in a controlled setting to preserve focus and extract useful comments. For quality assurance, a client representative was present during the conversations.

MarketGenics’ Success Story

This study demonstrates MarketGenics’ expertise in performing market research. The in-house team oversaw all aspects of the study, from recruiting to execution, to ensure that the client’s objectives were satisfied. The pre-screening of responders was comprehensive, and the talks were informative, giving the client a clear picture of consumer preferences.

Conclusion

The new product research for the electrical appliance brand was a huge success. MarketGenics’ scientific methodology and skill in group discussion research provided significant insights to the client, allowing them to make educated decisions about their product launch. This project demonstrates how MarketGenics can help firms strategize effectively by conducting extensive market research and data analysis.

 

Have a project in mind? Let's talk now.

Are you ready to obtain deep insights into your target market? Partner with MarketGenics on your next project. Our team of professionals is prepared to do extensive market research, ensuring that you have the information you need to make strategic decisions and achieve company success. Contact us today to learn more.

The post Exploring Consumer Preferences: Product Study for an Electronic Home Appliance appeared first on MarketGenics.

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