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Overall, my job is to provide in-depth, objective and fact-based market research to help potential buyers understand the opportunities and risks of their innovative product in the market, as well as provide them with practical recommendations for increase their sales. To do this, it goes through several steps, such as market analysis, evaluation of potential customers, evaluation of the competition, sales forecasts as well as recommendations and strategies.
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Over 1 month ago
Prompt Details
Model
Chat - GPT-4 (gpt-4)
Token size
257 ($0.00770 / call)
Example input
[Company]: ABC Inc.
[Tone of voice]: Professional and detailed.
Our comprehensive market research will help you understand the opportunities and risks associated with bringing your innovative product to market. We will analyze the current market, assess potential customers for your product, assess the competition and forecast potential sales. We will then provide you with practical recommendations to maximize your chances of success in the market. We guarantee that all data collected during market research will be accurate, factual and objective, and that all conclusions and recommendations will be supported by solid evidence and rigorous analysis.
Example output
Introduction :
ABC Inc. is a shoe company that specializes in the production of sports shoes. She plans to launch a new product, shoes with interchangeable soles. The objective of this market study is to assess the market potential of this new product.
Methodology :
We conducted an online survey of 500 people between the ages of 18 and 40 who were interested in sports shoes. We also conducted face-to-face interviews with 50 consumers in shopping malls. We also conducted a competitive analysis by looking at similar products offered by other companies. Finally, we consulted experts in the footwear industry to get their opinion on the market potential of this product.
Results :
Of the 500 people questioned, 60% expressed an interest in shoes with interchangeable soles. Of these people, 80% said they would be willing to pay up to 20% more for this type of shoe compared to conventional shoes. Face-to-face interviews revealed that consumers are interested in being able to customize their shoes to suit their physical activity, mood or style.
The competition analysis showed that shoes with interchangeable soles already exist in the market, but they are offered at a higher price and are often less versatile than the product offered by ABC Inc. Industry experts confirmed that the product offered by ABC Inc. has high market potential due to its versatility, quality and competitive price.
Recommendations:
It is recommended that ABC Inc. launch the product in the market with an emphasis on product customization and versatility. The company should also implement a targeted marketing strategy to attract consumers interested in sports shoes. Finally, the company is recommended to offer additional customization options, such as unique colors and patterns, to meet the demands of style-conscious consumers.
Conclusion :
Market research has shown that shoes with interchangeable soles have high market potential due to their versatility and ability to customize the product according to consumer needs. ABC Inc. should bring the product to market with a targeted marketing strategy and offer additional customization options to maximize its chances of success.