Support your business case with a feasibility study

Do you want to realize your idea, but lack the right information to assess its feasibility? Or are you in the process of submitting a financing application to the bank and want to demonstrate that your concept is solid? Perhaps you are unsure whether you are on the right track with the development of your idea and are looking for confirmation, or you want an independent second opinion to further refine your plans?

A feasibility study provides you with the insights you need to make informed decisions. It not only maps out the chances of success for your business case, but also offers concrete recommendations to take your idea to the next level. Thanks to our many years of experience in a wide range of markets and sectors, we understand the challenges you face. We are happy to work with you to determine the optimal design for your study, so that it fully aligns with your objectives and ambitions. Together, we will turn your idea into a success.

success

Understanding the likelihood of success for your product or service

purchase

Insight into the purchasing and decision-making behavior of your target group

wishes-needs-1

Insight is gained into the wishes and needs of your target group(s).

How is a feasibility study conducted?

A feasibility study is a type of research that is never conducted according to a fixed design. This is because every concept, every market, and every organization is different. In addition, the insights that are already available and those that need to be investigated (further) differ from one organization to another. A feasibility study will therefore always be tailor-made, and we will use our expertise to determine the right design and content together with you.

The most commonly used method for feasibility studies is online research. We have direct access to an extensive consumer panel (B2C) and a large panel of participants from the business community (B2B). This allows us to respond quickly and gather targeted insights from different target groups, which increases the speed and efficiency of the research.

Some common topics in a feasibility study:

Competition

Which competitors will you encounter, and what are their strengths and weaknesses?

Drivers and barriers

Understanding the drivers and barriers that influence whether or not to buy your product

Target group analysis

Who is your ideal customer? What are their demographics, needs, preferences, and buying behavior?

Market potential

How large is the potential market for your product or service? What is the size, growth expectations, and trends within the market?

How does Markteffect make Markteffect feasibility study unique?

We believe that good research starts with a deep understanding of your question. We don't take a standard 'you ask, we deliver' approach, but take the time to really listen to you and thoroughly analyze your needs. This enables us to provide relevant and tailor-made advice. With more than 30 years of experience and extensive knowledge of the market, we know exactly how to support you. Our proven approach, which focuses on collaboration with our clients, guarantees that your research is not only valuable, but also fully aligned with your goals.

What are the benefits of a feasibility study?

A feasibility study helps you gain insights, provide certainty, and convince (co-)financiers of the possibilities and potential of your new product or service.

A feasibility study offers valuable insights into different phases of the development process of an idea or project. It helps identify market opportunities in the pre-concept phase and clarify wishes and needs. In the concept phase, it provides direction by testing ideas and analyzing stakeholders. In the market potential phase, it provides insight into focus markets, segmentation, and positioning. Product testing provides concrete data on purchase and visitor potential, while financial feasibility studies provide insight into economic viability and impact. This process provides a well-founded basis for making strategic choices.

See what Markteffect can do for you:

All types of research

Are you looking for strategic insights based on market research? Or would you like to find out how research can contribute to making your ... even more successful?

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Qualitative research

Qualitative research is the right research method when you want insight into the underlying arguments and thought processes of a particular target group. The outcome of k...

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Image survey

Want to know what your target audience really thinks about you? A good reputation comes on foot and leaves on horseback. A well-known proverb that clearly indicates that a...

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Quantitative research

Quantitative research is the right tool when you need representative answers and factual evidence. For example, if you want to measure brand awareness among a...

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Target group panels

To make optimal use of online research, it is important to be able to reach your target group effectively. Markteffect consumer panels, youth panels, and other tools for this purpose.

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Positioning research

A positioning study provides insight into your position in the market relative to the competition. Good positioning is worth its weight in gold for any organization. How s…

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Similar cases

To give you a good idea of how a feasibility study works in practice and what it can deliver for you in the end, we have put together a few interesting case studies for you. You may recognize some of the issues, for example because you have encountered them within your own organization.

Feasibility study:
PSV Fan Store

Target group research forOnly for Men

needs assessment research:
BeefyGreen

needs assessment research Springplank and the Municipality of Eindhoven

Frequently asked questions

What is a feasibility study?

A feasibility study provides you with the insights you need to make informed decisions. It not only assesses the chances of success for your business case, but also offers concrete recommendations to take your idea to the next level.

What are the benefits of a feasibility study?

A feasibility study provides valuable insights into various stages of the development process of an idea or project. It helps identify market opportunities in the pre-concept phase and clarify wishes and needs. In the concept phase, it provides direction by testing ideas and analyzing stakeholders.

How is a feasibility study conducted?

We believe that good research starts with a deep understanding of your question. We don't take a standard "you ask, we deliver" approach, but take the time to really listen to you and thoroughly analyze your needs. This enables us to provide relevant and tailor-made advice. With over 30 years of experience and extensive knowledge of the market, we know exactly how to support you.

How do I choose a market research agency?

A market research agency must be a good fit for your needs, but also for your company. We have a checklist of the important variables you should pay attention to.

Click here to download it.

Who is Markteffect?

Markteffect is a strategic market research agency that serves as a one-stop shop for its clients. From our offices in the center of Eindhoven and on Herengracht in Amsterdam, our team of over 120 professionals works daily to uncover the most relevant data and insights for a wide range of clients.

We are part of The Relevance Group. The Relevance Group consists of several international agencies, each with its own specializations in market research, data science, marketing technology, and AI.

Read more here

<p>Hans <span>de Jong</span></p>

Hans de Jong

Client Consultant