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Product Scope (Investigate markets for new products and services)

Use First Resource to scope out the size, growth and quality of potential markets for your new product or service - determining market attractiveness, pricing, competitive environment and relevant trends. Our objective perspective allows us to uncover the true realities of the marketplace, so you get an accurate basis for your strategic sales and marketing decisions.


Applications

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Investigating markets for new products and services

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Validating internal assumptions about potential markets

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Providing guidance for marketing budgets, based on market realities

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Reassuring investors that revenue projections are based on market realities

Benefits

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Provides independent verification of the market assumptions in your business plan or business case

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Enables early "tweaking" of the go-to-market strategy if it does not appear that market acceptance will meet expectations

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Uncovers unknown or potential competitors, and substitutes that will affect the success of your offering

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Gauges the reaction of critical third parties such as channel members, trade press and industry analysts

Features

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Quantitative measurements of market size, growth and segmentation

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Qualitative understanding of market drivers and propensity and urgency to purchase

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Diffusion of innovation analysis, to estimate how quickly the product can move from early adopters to greater market penetration
 

 

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