Primary / Secondary Research The Foundation of Strategic Insights

Research forms the backbone of every successful Go-to-Market (GTM) and pricing engagement. From market intelligence to customer segmentation and pricing strategies, robust research ensures data-backed decisions.

Research can be conducted in two ways:

  • Primary Research: Collecting firsthand data directly from respondents to address specific objectives.
  • Secondary Research: Extracting insights from existing information available through credible sources and databases.   

Both approaches are crucial for delivering a comprehensive perspective and actionable insights.     

Primary Research

Primary research enables consulting firms to gather tailored insights directly from the target audience. It is invaluable for a variety of use cases, such as:

  • Customer Segmentation: Understanding distinct customer groups and their preferences.
  • Willingness-to-Pay Analysis: Identifying optimal pricing points for products and services.
  • Competitor Benchmarking: Capturing market positioning and competitive dynamics.
  • Customer Feedback: Refining offerings based on direct customer input.

Our Expertise in Primary Research

We specialize in designing and executing robust primary research programs, delivering insights that meet specific business objectives:

Survey Design and Programming

Crafting surveys aligned with strategic goals using tools like Qualtrics and Alchemer.

Data Collection and Analysis

Utilizing tools like Alteryx, SPSS, and R to analyze survey results and extract meaningful insights.

End-to-End Independence

From designing questionnaires to analyzing results, we manage the entire process seamlessly, requiring minimal oversight.

Secondary Research

Secondary research focuses on extracting insights from existing data sources, complementing primary research to build a 360-degree view.

How Secondary Research Helps

  • Market Intelligence: Gathering insights on industry trends, market size, and growth opportunities.
  • Competitive Analysis: Understanding competitor strategies, market positioning, and strengths.
  • Benchmarking: Leveraging existing data to compare performance and identify gaps.

Our Expertise in Secondary Research

Advanced Search Techniques

We maximize the potential of secondary research by conducting in-depth searches and validating data from multiple sources.

Industry Reports and Databases

Leveraging trusted platforms to enrich insights.

Comprehensive Analysis

Our team ensures that no stone is left unturned, extracting the maximum value from available information.

Pricing Analytics Software and Tools

Iris Pricing Solutions’ pricing consultants deliver customized solutions to help organizations achieve a payback of at least 10:1 on their investment.

Pricing Insights Generator
Price Guidance Manager
Menu Price Optimizer
Pricing Performance Monitor

Pricing Analytics Articles

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