Using survey methodology, MindSearch will identify
the optimal price range for your new or existing product.
We use quantitative techniques to estimate price
elasticity, as well as a high and low range of prices.
Optimal Price Point Estimation
The price at which
the number of buyers who consider the price acceptable is maximized and
resistance (in the form of unacceptability) to price changes is minimal.
Indifference Price Range Estimation
The price where as
many buyers consider the price inexpensive as consider it expensive. This
typically represents a normal market price; the median price in an existing
market, or the price of a market leader.