As an entrepreneur you’re most likely considering bringing an innovation to market, perhaps one that disrupts existing norms, or is even a radical transformation. These are at the same time significant opportunities and challenges. As investor Howard Marks famously said:
“Being too far ahead of your time is indistinguishable from being wrong.” — Howard Marks
High-value market research helps you avoid being "wrong". It can establish not only the likely market demand for your new offering, but helps plot a much more clear and direct course to success. For example, ResearchSquirrel can help you:
Choose the most valuable branding and positioning.
Develop the feature-set that represents your minimum viable product (MVP).
Employ the most persuasive marketing messages at launch and early growth.
Maximise your cash income from the outset.
Establish in advance which features to invest in, in which order, to meet your rapidly-evolving market demand.
Manage price elasticity according to sales volume or profitability, whichever is your priority.
Choose the most effective channels for making your product available.
Reach and convince early buyers who are most likely to help champion your brand.
Facilitate paths to purchase by effectively building mental bridges and guiding the journeys new buyers undertake to consider and buy your product.
Advance independent market evidence to persuade financial institutions to approve new debt funding for your venture.
Value your venture fairly so that you and other investors can agree on contributions and equity holdings.
Persuade and align co-workers, employees, suppliers and channels on the most effective courses of action.
Map the early growth of your venture.
Incorporating our purpose-built LauncherSquirrel™ methodology, ResearchSquirrel can bring these insights and more to your entrepreneurial opportunity, while minimising the problems inherent in asking folks for ‘feedback’ about a new product they’ve not experienced before.
With ResearchSquirrel’s expertise, agility, modularity and market-leading cost competitiveness, now there’s no defense for not knowing.