Focus groups have been around for years; they provide companies with valuable insights on the viability of products, services, marketing campaigns and more. However, the time, effort and costs associated with holding focus groups have traditionally been high. In order to get the wide range of opinions required, organizations need to hold multiple focus groups across multiple geographic regions. Previously, there was no real way to quickly connect to various demographic & geographic consumers.
Enter video conferencing.
Organizations can now connect to consumers like never before. Informal chat sessions along with formal focus groups can easily be held with the click of a button. All consumers need is a personal computer and a webcam.
Here are just a few ways organizations can utilize video conferencing solutions to conduct market research:
Real-Time Feedback: Brands can connect to current product users to find out what they love about the product, what needs improvement or what features they can add. This can be done on a one-on-one basis or in larger groups.
Preview a Marketing Campaign: Brands typically test movie trailers and other advertisements before going to market. Video solutions allow these organizations to show advertisements to a group of individuals then view reactions and hear responses in real time.
Test Market Viability: Before spending a significant amount of money on R&D, organizations can test concepts by presenting ideas and mockups to potential buyers. This allows them to nix most likely unprofitable products before a significant amount of time and effort goes into product development.
Focus groups can provide numerous insights on products and market trends and utilizing video solutions can provide faster, more economical access to consumers. Video provides the face-to-face benefits of a traditional focus group without the time and cost associate with traveling to a specific location. Brands can access a multitude of consumers with a wide range of demographics and geographic areas right from their corporate office.