Product Development

Whole Product" Concept - What is it and Why should I care?

In marketing, a "whole product" is a generic product (sometimes called the "core product") augmented by everything that is needed for the customer to have an truly superior expe

Wooden Nickels: We Do All Types of Market Research - Trust Me!

Beware the market research company that does all types of market research.     Most companies don't actually do all types of Market Research at all, least not well.    And t

Bionic Chickens Lay Superior Eggs! Just Believe It!

Credibility is an issue for all businesses, but it's especially critical for a small business (or relatively unknown company - especially in what most consumers believe to be a mature product marke

Advertising a $10,000 Handmade Cell Phone with Leather and Jewels?

In order to advertise effectively, a company must know how many of their customers, or potential customers fall within a standard population of 1000 people (or some measure of likelihood of bumping

Do Your Product Marketers Suffer from the ‘Curse of Knowledge'?

Once a person knows something, it's hard to remember what it was like to not have that knowledge (or know-how).     In the book Made to Stick by Chip and Dan Heath, they describe the way that m

Growing the Market or Cannibalizing Sales?

There are a lot of new product development research projects that I do, where one of the most important questions is “do we think that this new product will cannibalize existing sales of

“Shaken Not Stirred”, In a Stick of Gum?

Wrigley’s gum – what can anyone find to argue about it?

Looking for Something to Sell? Sell Your Customers Some Time.

Everyone wants more time and you don’t have to be wealthy to be willing to pay a premium to save some time.

Starbuck Hits a Soft Spot

In case you didn’t already know it, Startbuck’s Coffee has hit a rough patch lately.

Book Review - "The Logic of Life: The Rational Economics of an Irrational World”

"The Logic of Life: The Rational Economics of an Irrational World” by Tim Harford.

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