Proven methodologies to deliver data-informed solutions for business growth.
Market intelligence enables you to increase your pricing strategy impact by utilizing market-based evidence to support hypotheses, understand the why, and promote informed decision-making.
INSIGHT has a broad set of capabilities that enable us to collect and translate intelligence across most market types and topics of interest to answer your unique business questions.
Our focus on pricing and commercial growth strategies gives your team the confidence to turn data into action and make informed decisions about your most important profitability challenges.
We use industry-standard methodologies coupled with a tailored approach to derive value-added insights directly from your markets, utilizing any combination of the following:
- In-Depth Interviews: Meaningful conversations with industry participants
- Quantitative Surveys: Sampling a large number of respondents to collect quantitative insights on perceptions and behaviors
- Voice-of-Customer: Insights from in-depth interviews and surveys to understand customer perceptions
- Statistical Techniques: Utilize survey techniques such as conjoint analysis, MaxDiff, Van Westendorp, or Gabor Granger
- Competitive Data Gathering: Automated scraping of public websites for pricing and other relevant data, such as product positioning, customer rating, in-stock products, etc.
The output of our market intelligence is not just information. We deliver strong insights that are turned into actions that drive a positive financial impact on the business.
Common Challenges
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Customer Purchasing Criteria
What are your customers’ most important purchasing criteria (price, quality, availability, brand, supplier relationship, technology, etc.), and where does the price fall on that list?
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Customer Price Sensitivity & Willingness to Pay
Understand how price-sensitive your customers are, what they are willing to pay for a specific product, service, or solution, and the revenue and profit optimizing price.
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Price and Value Position vs. Competitors
Discover how you are priced versus your competitors and how your customers perceive your value versus your competitors.
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Switching Suppliers
Understand the likelihood of customers switching suppliers and what factors prevent switching or trigger partnership re-evaluation.
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Volume Declines
Surface whether price is the root cause of volume changes or if other factors are at play, such as lower industry volume, value perception challenges, or inventory. Utilize learnings to inform strategies that improve volume and margin outcomes.
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Price Packaging & Setting
Learn how to best package (e.g., bundle) and price a product or service to align value and price optimally.
Here's What Our Clients Are Saying
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Meet Our Experts
With over 250 dedicated pricing strategy experts, our team helps businesses achieve profit and EBITDA growth through our process proven on over 800 engagements since our founding in 2006.