Promo Evolution
Optimizing your promotions at POS
- A method of understanding the level of demand for different promotional mechanics, the degree of switching that would occur and the impact on share of market.
- Differences between alternative shopper types (e.g. brand users, named retailer shoppers etc.) can be measured.
- The “task” of choosing a product reflects what shoppers actually do - the respondent evaluates several elements (price, brand, pack size, format, promotion etc) “conjointly”.
- Their attention is drawn equally to all attributes, so the promotion is neither emphasized nor overestimated.
Outputs
- Overall impact of promotions versus other levers.
- Share of choice for different promotions and by different competitor scenarios.
- Volume & value shares versus competitor brands/SKUs to show the impact on competitive set.
- Source of volume – where gains/losses would come from in a switching scenario.
- Interactive Simulator spreadsheet model to test alternative scenarios.
© 2011 Ipsos