Pricing and positioning a future connected fitness product

With one flagship product on the market, a connected fitness company wanted to see how a future product would fit beside it. We ran qualitative research first, then a choice model that read the whole range against its competitors.

Client
Connected fitness company
Industry
Connected fitness
Market
North America
Kind of work
Product and pricing
Our role
Qualitative research and a portfolio choice model for a future product

What happened next

The company’s customer insights director has said the report was shared with its executive team and its board.

The question

A connected fitness company had one product, a flagship for training at home, and was looking at what could come next.

Product and marketing leadership wanted to see the range as a whole, with the commercial consequences of each choice, from positioning to price. Underneath was one question: would a new product grow the business, or split it?

Our approach

The baseline was the flagship on its own, against competitors priced above and below it, so a range with a new product could be compared with the flagship alone.

A qualitative stage came first, to shape the positioning and feature routes worth testing. Next, prospective buyers of home fitness equipment took part in the choice model: they saw branded, unpriced concepts alongside the competitive set, then traded off brand, price and features.

What the team came away with

Each range option tested could be read against the flagship on its own, one positioning or price choice at a time.

Our report answered every one of the brief’s questions on a single page, with the choice model behind each answer.

“Adam and his team were the ultimate professionals.”

Customer Insights Director, Connected fitness company

Who we heard from

Prospective buyers of home fitness equipment, in qualitative research and a choice model

Planning a range or a price?

Bring the choice in front of you, and we’ll suggest how to approach it.

A partner or director will reply.