Concept testing is of the utmost importance if you’re going to validate a product, its design, and potentially how you’ll market it. Concept testing is valuable because it can help you figure out early on how an idea is going to move forward.
The following are some general things to know about concept testing and its potential role in your business.
The Basics of Concept Testing
Concept testing is a broad term that refers to testing an idea you might have with your targeted audience of consumers to ensure that you don’t need to make changes.
You might have a product idea you’re excited about, but once you undergo testing, you could find out that it’s not the best way to invest your money.
You want a product with appeal to the people you’re targeting. That’s always the goal for a successful concept.
This type of testing before you actually introduce a new product can help you validate ideas. You may find out the idea doesn’t work at all, or maybe just that you need to make some changes to get it where you want it to be.
Testing can be considered the last stage of what’s known as product discovery.
Product discovery is when you introduce a concept to your targeted audience in a broader sense, helping you determine if it’s something you should follow through with.
While we use the word product quite a bit when you’re testing, it doesn’t necessarily have to be an actual product. It could be a marketing campaign, a new design for your website, or a new direction in your branding. The overarching idea is the same.
How to Conduct Concept Testing
There are many different methods for concept testing, and the easiest way to make it work is to use a research platform.
There are four primary methodologies often used.
The first is comparison testing. With comparison testing, you’re sharing at least two concepts with respondents who then rate or rank them. The downside can be a lack of context, while the upside is that it’s simple to understand which is best in these results.
Monadic testing breaks your audience into different groups, and each group evaluates one concept. There’s a more in-depth focus on that one concept. Then, you also have the opportunity to get some more context.
Sequential monadic testing also breaks your targeted audience into groups, but the groups see all the concepts. The order is randomized, and follow-up questions are asked.
Finally, another method of concept testing is protomonadic testing. This includes sequential testing, which is then followed up by comparisons.
You can use a survey for these different types of concept tests.
How you actually do the testing and create the survey will depend mainly on what you’re actually testing.
For example, when you’re testing new products during the development phase, you can start to learn more by looking at usability and how well a product matches user expectations.
If you were going to be doing testing for website design, then you might show the ideas you have to your targeted audience to see what they like about the design and where flaws exist.
The Benefits of Concept Testing
The following is a more specific breakdown of some of the significant benefits of concept testing:
- With concept testing, you can filter your ideas. This will help you know where you should put your resources in terms of time and money and what you are probably facing a dead end with. You can start to gain a deep insight into the consumer viewpoint using quantitative and qualitative techniques. You can learn not only what holds the most appeal but how you can refine it.
- Business people fear making the wrong decision, and the more data and measurable insight you have at your disposal, the better. Concept testing can help you reduce the risk of making a wrong decision. A failed service or product can cost you immensely.
- When you conduct concept testing, you can remedy potential problems before they become an issue. You’re fixing them before your product, or offering hits the market, and you’re giving your customers what they both want and need.
Finally, you’re creating something that puts your consumer at the core. You aren’t guessing what will resonate. You’re tailoring your product or offering to precisely what your consumers say they want and need, and that sets you apart in a competitive marketplace and helps you fill a need.
Founder Dinis Guarda
IntelligentHQ Your New Business Network.
IntelligentHQ is a Business network and an expert source for finance, capital markets and intelligence for thousands of global business professionals, startups, and companies.
We exist at the point of intersection between technology, social media, finance and innovation.
IntelligentHQ leverages innovation and scale of social digital technology, analytics, news and distribution to create an unparalleled, full digital medium and social business network spectrum.
IntelligentHQ is working hard, to become a trusted, and indispensable source of business news and analytics, within financial services and its associated supply chains and ecosystems.
