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New Product Assessment Services
Eclicktick staff can help you assess the North American market for your product in three ways:
1. Identifying existing market research on your market.
2. Conducting primary market research to test the demand for your product and the right pricing strategy.
3. Using DanProd new product success prediction software.
This type of service can increase the economic returns on your new product investments by as much as 25X according to empirical research on best practices in new product development and launch.
The top 20% of high value products have a 98% probability of launch success. The bottom 20%, an 18.5% probability of success. And the top 20% of high value products achieve 5X higher renvenues that the low value me-too products.
DANPROD New Product Success Prediction
Eclicktick staff offers companies a structured way of assessing new products and the requirements for success before the product is developed or out of development.
Using research-based upon analyzing 3000 new products, we run a session with the management team that helps you understand:
The probability of success of your proposed new product.
The factors you can influence to increase the likelihood of success.
The data about the factors that influence the probability of success and resulting market share.
The cost of the session can be as little as $1000 for a half day session.
Other Services
Additional services include developing market research to fine tune product specifications or the installation of a new product management process with formal review gates.
If the new product is software or embedded software based, our technical staff in Toronto can also help provide technology assessment and product documentation in addition to contract programming services.
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