Why Pathwwway Product Testing is Only Your First Step on Your Route to Success!
If businesses are in the dark as to how
their products will perform in the real market, even a killer product idea will
fail in the execution stage. Mass production comes at exorbitant costs and only
data-driven Pathwwway
product testing can lay such apprehensions to rest.
Designing a product without what customers expect in your products and what
changes they would like to see in them, is the major reason for product
failures. Testing is thus a precursor to
sustainable success in existing and new markets.
- Product Testing Creates A Community Of Early Adopters
Testers and reviewers get are given a
good chance to invest time in your brand. Since people try out products with a
view to purchasing them in the future, they are sure to render their critical
analysis. This kind of unbiased and neutral feedback, creates a sense of
bonding between the tester and the brand. Their buy-in is secured in the early
stages, so that when the product is finally launched, these early-stage
adopters will represent a part of the market that believes and endorses your
brand.
- It Pushes More Leads Down The Sales Funnel
When product tests with free trials are
offered in a time-bound manner, a sense of urgency is created. This is evident
in the case of free trial of services for a limited time, post which access to
the service becomes paid. A sense of urgency to make the buying decision
coupled with a fear of missing out a great product, makes a winning combination
for your business. This results in enhanced rate of conversions, when compared
to sales attempts made to customers who are strangers to what is being offered
in your product.
- Shelf-Life Testing Of Products Helps Build Brand Credibility
Shelf-life testing is an integral part of
product testing especially in the case of consumables. It helps businesses to
arrive at accurate time periods before which the products must be used. It also
helps in figuring out the best ways to extend shelf-life by testing various
storage conditions. Better confirmation with statutory compliances is ensured.
Businesses can now make claims as to shelf-life confidently and with
credibility.
- Determination Of An Optimum Pricing Policy
Price is the most market-centric
component of the marketing mix. It is difficult to experience success without
an optimum pricing policy. Product performance and customer feedback are very
impactful in validation of your pricing strategies. Prices for variants of the
product, pricing in regional and international markets and charges for shipping
and returns are all determined based on customer acceptance of the product at a
given time and price.
In the early days of manipulative
marketing, not much care was devoted post-purchase feedback and CX. Businesses
were focused on pushing products off the shelves and multiplying the profit
figures. But today, customer acceptance and brand perception have become
make-or-break factors for businesses to survive. Pathwwway product testing offers a preview or a snapshot of the real product to customers,
whose opinions and feedbacks go a long way into finalizing the product design,
technology, pricing and packaging.