FMCG Price Research

Nowadays, consumers can easily compare the prices of specific products or services. It is therefore important to market products at an optimal price, but what is the best price for your (new) product or service? Understanding the price sensitivity and price elasticity of the product or service helps to determine the right pricing strategy.

Download our white paper here: Markteffect

In addition, validated price insight provides retailers with evidence of what the ideal consumer advice price (CAP) is. In a price survey, Markteffect specialists Markteffect the pricing of the product or service. This gives you insight into both price acceptance and price elasticity. This makes it possible to prevent a 'mismatch' during market launches or strategy changes.

“Building a brand is a high-level endeavor. Every detail must be just right to be successful at this level. The right price is an important part of this. The price research helped us arrive at our optimal price point.”
Ivo Brand, Marketing Manager, Autodrop 

The price survey

Markteffect developed its own online price research tool that provides insight into the optimal pricing of products. Within its own consumer panel, the product or service is assessed on six different aspects, which are almost always the same. In addition, it is possible to add one or more customized questions to the survey. Thanks to its semi-automated design Markteffect offers a clear and effective tool for gaining quick and cost-efficient insight into the optimal price range for the service or product.

The price survey is already offered and conducted in more than 65 countries worldwide.

laptop finance

Understanding the optimal price (range)

time

Fast and cost-effective solution

report-1

Clear and in-depth reports

purchase

Including purchase intent with explanation

Markteffect Index (MPI)

Based on years of research, Markteffect has developed Markteffect validated benchmark: the Markteffect Index (MPI). This index combines six different aspects. The index score puts the results of your research into perspective at a glance and provides insight into whether the score you achieved is a good score or not.

The price survey includes this benchmark as standard. Markteffect to provide you with the best and most relevant insights.

Similar cases

To give you a good idea of how market research works in practice and what it can do for you, we've put together a few cool case studies. You might recognize some of the issues, because you've probably come across them in your own organization.

PR research: Price comparison website

needs assessment research:
BeefyGreen

Customer satisfaction survey: Nettorama

<p>Patrick <span>Evers</span></p>

Patrick Evers

Client Consultant

Nowadays, consumers can easily compare the prices of specific products or services. It is therefore important to market products at an optimal price, but what is the best price for your (new) product or service? Understanding the price sensitivity and price elasticity of the product or service helps to determine the right pricing strategy.