Market Research
Market research techniques encompass a diverse range of strategies from surveys to advanced analytics like A/B testing, each tailored to explore different facets of consumer behavior, market trends, and competitive dynamics. Using these technique cards provides a structured approach to identifying and leveraging opportunities, optimizing product development, and ensuring strategic alignment across all stages of the product lifecycle.
Available Patterns:
41
Ideation and Concept Testing
Prototyping
Prototyping involves creating an early sample, model, or release of a product built to test a concept or process or to act as a thing to be replicated or learned from. This method is essential in product development as it allows teams to explore ideas and iterate on designs before final production.
BUDGET
2
/5
EFFORT
3
/5
IMPACT
5
/5
PRODUCT LIFECYCLE STAGE
Product Development, Pre-Launch
Data Analytics and Metrics
Cohort Analysis
Cohort Analysis is a method of segmenting users into cohorts—groups who share similar characteristics or experiences within a defined time-span—and analyzing their behavior over time. This technique helps businesses understand lifecycle patterns, customer loyalty, and retention rates.
BUDGET
4
/5
EFFORT
3
/5
IMPACT
5
/5
PRODUCT LIFECYCLE STAGE
Product Development, Post-Launch Analysis
Data Analytics and Metrics
Heat Maps
Heat maps are visual tools that represent data through varying colors to show different levels of activity on a website or app. This technique helps businesses identify which areas of their digital interfaces attract the most attention and interaction from users.
BUDGET
3
/5
EFFORT
4
/5
IMPACT
5
/5
PRODUCT LIFECYCLE STAGE
Post-Launch Analysis, Concept Validation
Ideation and Concept Testing
Brainstorming Sessions
Brainstorming sessions are collaborative gatherings where team members freely share ideas and solutions regarding a product, service, or strategy without judgment. This technique fosters creativity and rapid idea generation to explore new opportunities or solve problems.
BUDGET
5
/5
EFFORT
4
/5
IMPACT
4
/5
PRODUCT LIFECYCLE STAGE
Strategic Planning, Idea and Validation
Data Analytics and Metrics
Conversion Rate Optimization
Conversion Rate Optimization (CRO) involves systematically improving the performance of your website or app to increase the percentage of visitors who complete a desired action, such as making a purchase, signing up for a newsletter, or filling out a contact form.
BUDGET
3
/5
EFFORT
3
/5
IMPACT
5
/5
PRODUCT LIFECYCLE STAGE
Continuous Improvement, Optimization
Data Analytics and Metrics
Usage Statistics
Usage Statistics involve collecting and analyzing data on how customers interact with a product or service. This data helps businesses understand user behavior, preferences, and areas for improvement in their offerings.
BUDGET
3
/5
EFFORT
3
/5
IMPACT
5
/5
PRODUCT LIFECYCLE STAGE
Post-Launch, Continuous Improvement