
As the name indicates, the Market Validation service is applied to validate the market for a Product or a Service in a specific Country or Market-Place. EQSOR has frequently done this type of project as an up-front exercise, prior to the Client committing to a sometimes costly export thrust.
In essence the Market Validation is a short market research activity, coupled with the definition of a Distribution Strategy and an outline Cost/Revenue Analysis. It will underpin the Client’s “go/no go” decision, as well as give the answer to the “how” question. In the validation process contacts are often established that will facilitate and speed up the subsequent implementation proceedings.
Direct contacts with potential end-users and with Channel actors, coupled with Internet Research are the main Validation inputs, which are then processed using EQSOR’s experience and market knowledge.
Objectives:
Verify the demand and market characteristics for the Client’s services in the Country specified.
Formulate a viable Distribution/Channel Strategy for the Country.
Identify an Implementation Programme, including an outline Cost/Revenue Analysis.
Be part of the Decision Base for an Internationalisation thrust .
Decision Base
including:
A) Characteristics of the Product/Services Niche/Sector
In general terms.
With regard to the Country’s market potential to absorb the Product/Services offering in general and the Client’s offering in particular.
B) Competition
Direct competitors in the Country specified.
Other factors that may influence the acceptance of the Product/Services in the Country in question
C) Channel considerations
Niche/Sector operators in the Country.
Identification of a suitable Distribution/Channel Strategy .
Channel Partner Availability and other relevant characteristics .
D) Assessment – outline quantification – of the market potential
E) Impact of the findings regarding the Client’s entry into the market
Positioning of Client’s offering.
Adaptation requirements.
Definition of an Implementation Programme.
A Cost/Revenue outline.