| Pricing research is used to answer one simple question: are you charging the right price? Understanding price sensitivity is critical to the development of successful new products and eservice, and repositioning of existing brands. |
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| We are developing price testing and research techniques to support a broad variety of situations and challenges. DoTrust offers Pricing Study distinguished by: |
A complete pricing research service package that includes qualitative price sensitivity testing, price optimization, and market/competitor response tracking. |
Robust pricing conjoint methodologies designed to yield extraordinarily accurate price elasticity measures. |
Powerful pricing simulators that give our clients unparalleled flexibility in modeling "what if" pricing scenarios and competitor response scenarios. |
A unique and proprietary price optimization system that determines optimal price points that maximize revenue, share, penetration, and margin. |
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| DoTrust offers a number of research-based services to help our clients make more effective pricing decision, with expertise in both analytical and operational pricing. We help clients address a number of key business needs, such as: |
Estimating price elasticity, i.e. price sensitivity |
Researching customer price perceptions and willingness to pay |
Optimizing new and existing product line prices |
Analyzing trade-offs between price, brand and product features |
Leveraging price in the marketing mix |
Optimizing pricing across market segments and channels |
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| DoTrust pricing research techniques include |
Monadic pricing/concept testing |
Price sensitivity meter |
Discrete choice models |
Customer analytics (analysis of CRM and sales transaction data) |
Forecasting and simulation |