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Product Assessment For A New Smartphone Variant

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Challenge

Objective

The client wanted to introduce a new product line in smartphones which could provide a more enriching experience in budget pricing. The core objectives of the study were as follows:

Consumer segmentation: Segmenting the consumers for mobile phones in a defined price range and analyzing their buying behavior & purchase considerations

Capturing retailer insights: Collecting insights from mobile phone retailers across all store formats - exclusive, multi-brand and large format retail

Solution

Approach

The methodology adopted for this survey was face-to-face interviews.

Consumer Survey - We segmented the consumer into various meaningful segments. Apart from demographic segmentation (age, income, SEC), the Indian consumer was also classified based on mobile consumption behavior & purchase considerations.

Retailer Survey - Through retailer interactions, actionable insights were generated around:

  • Store management - store size, marketing merchandize, location
  • Offtake - footfall, sales trend, most popular models
  • Staff management – staff count, incentive structure, staff training
  • Value chain - source of stock, booking to delivery cycle, margins             

Result

Outcome

The survey provided valuable insights to the client basis which the client was able to:

  • Estimate the smartphone market potential
  • Identify must-have and good-to-have smartphone features
  • Craft the right pricing strategy, operational strategy & promotion strategy          

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Company profile

Channelplay Limited

Haryana, India
Telephone: +91-1244720100
Email: contact@channelplay.in
Website: https://www.channelplay.in/
About Channelplay Limited: Our motto is Helping the brands sell better from Retail through its Market Research, Mystery Shopping, Field Force Management & Technology Solutions.
https://www.channelplay.in/