Book Image

From Voices to Results - Voice of Customer Questions, Tools and Analysis

By : Robert Coppenhaver
Book Image

From Voices to Results - Voice of Customer Questions, Tools and Analysis

By: Robert Coppenhaver

Overview of this book

Voice of Customer (VoC) is one of the most popular forms of market research that combines both quantitative and qualitative methods. This book is about developing a deeper knowledge of your customers and understanding their articulated and unarticulated needs. Doing so requires engaging with customers in a meaningful and substantive way – something that is becoming more and more important with the rise of the increasingly connected world. This book gives you a framework to understand what products and features your customers need, or will need in the future. It provides the tools to conduct a VoC program and suggests how to take the customer input and turn it into successful products. This book also explains how to position and price your products in the market, and demonstrates ROI to the management team to get your product development funded. By the end of this book, you will have a thorough understanding of the relevant stages of a VoC project. It will show you how to devise an effective plan, direct the project to their objectives, and then how to collect the voice of the customer, with examples and templates for interviewing and surveying them.
Table of Contents (14 chapters)
From Voices to Results – Voice of Customer Questions, Tools, and Analysis
Credits
About the Author
Preface
Epilogue

Pricing


Once you have completed the QFD and you have agreed which design characteristics your product will have and when, you must begin the analysis of determining how to price your new offering. Setting the correct price for your offering is critical to a product developed through VoC. Set the price too high, and the sales team will have difficulty closing sales, your revenue targets will not be met, or the customers will not purchase your offering at all. Set the price too low, and you will leave margin behind, or even worse, operate at a loss. Price ends up being the number one factor that dictates whether your offering will succeed or fail in the marketplace. While this is not a book on pricing, it is my desire that you will begin to understand how customer VoC can drive pricing decisions, and as a result, you will incorporate value questions into your VoC research.

When setting price, you need to look for the best, or what could be considered the optimal price, to maximize your profitability...