B2C Product Launch to New Market Research

Project scope
Categories
Market research Market expansion Product or service launch Marketing strategySkills
coaching information gathering resilience training and development business-to-consumer business to business customer serviceAs a B2B company, our primary goal is creating products and services that are closely aligned to our market segment’s wants and needs, so that we can maximize our value to clients. We have recently created a new service line focused on speaking engagements, coaching and employee training on well-being and resilience. Specifically, it will be important to gather information on buying behaviour, experiences, expectations, and perception of both our brand and our largest competitors.
Tasks may involve:
- Creating an unbiased survey with questions regarding consumer experience with our brand, perception of our products/services, and opinions on our competitors.
- Creating effective conversation questions for customer interviews.
- Determining the best way to reach customers and how to motivate them to provide feedback on the company (we will distribute the survey accordingly).
- Analyzing trends within primary data collected through the survey and interviews, and reporting on them.
By the end of the project, students should complete the following list of activities (this is basically a retelling of the steps above):
- Created a survey about customer experience, perception, and opinions about our brand and our largest competitors.
- Created conversation/interview questions for consumers and analyzed the responses collected by (whoever is running the project).
- Created a report on primary and secondary findings of industry trends.
- Presented all findings to (whoever is running the project).
Students will connect directly with us for mentorship throughout the project. We will be able to provide answers to questions such as:
- The customer segments our brand primarily caters to.
- Information about our products/services.
- Input on choices, problems or anything else the students might encounter.
Supported causes
The global challenges this project addresses, aligning with the United Nations Sustainable Development Goals (SDGs). Learn more about all 17 SDGs here.
About the company
The Higher Living brand is a well-being and resilience brand that is focused on building a community together to practice exercises that boost resilience and education for people to be informed about their health.
At The Higher Living, we pride ourselves on bridging ancient wisdom with modern science to create holistic, transformative well-being solutions. Our mission is to positively impact 1 billion lives by fostering conscious awareness, holistic health, and mental resilience.