® Visual Impact Test a model for testing the impact of packaging's, logo’s, colours and/or designs © 2011 Daccle You never get a second chance to make a first impression! Aspects that play a role are: Estimation of the turnover potential. Estimation of need for potential marketing/financial support. Will you get the needed pay-out? Time to market of new products is increasingly shortening; it has to prove itself fast! Risk of image loss in case of failures. Hidden costs, time and effort. © 2011 Daccle To launch new or adapted products is a challenge and a risk! Problem do not offer sufficient certainty often expensive time consuming often indecisive © 2011 Daccle Existing methods to estimate future success: Solution © 2011 Daccle Visual Impact Test Proven system with over 3.000 tests worldwide The Power Adequately predict the sales of new designs, packaging's, logos, names, shapes and colours. © 2011 Daccle Make sure that a design, logo, packaging is fit for market. © 2011 Daccle Claim Up to .90 and .95 proven correlation between test results and actual sales/ market share. New designs and packaging's Flanker products Improved designs and packaging's New logos New names Colours © 2011 Daccle Suitable for does it work? How © 2011 Daccle Visual Impact Test ® Visual Impact Test is a holistic model. It provides insight as marketed or as concept. The consumer might buy it No, the consumer will not buy it © 2011 Daccle Yes, the consumer will buy it Visual Impact Test Model Establish sale Unique, powerful algorithm with proven predicting value Ranking preferences Ranking of preference Suit: does it fit to me/ my needs? Holistic testing Like: aesthetics Is it liked? © 2011 Daccle Simulation of decision making process Consumers are basically unaware of the attributes that lead to a buying decision. The buying decision is made unconsciously (Szolnoki, 2007). Consumers choose for a product that is attractive and fits to their experiences and life style Erwin, 0. (2001) Attitudes and Persuasion V.d. Eijnde e.a., TNO, consumers voice, 2010 © 2011 Daccle Some theoretical backgrounds (1/2) The fit and appeal of a product can be established in 2 ways: Traditionally: analyse all potential product- en packaging elements that might have an impact on the consumers’ attitude Or Holistic: An approach where the individual elements are NOT seen separately, but the product or packaging is evaluated as a whole: Visual Impact Test © 2011 Daccle Some theoretical backgrounds (2/2) © 2011 Daccle Conjoint Analysis as an equivalent of the traditional approach Traditionally Conjoint Analysis is often used to establish which individual elements and/or claims contribute most to buying intention (Not the actual buy!). An advantage of the Conjoint approach is that the client might get “objective”, measurable insights of factors which ideally initiate a positive purchase intention More or less a ‘recipe’ is being provided of the ‘ideal’ packaging A major disadvantage however is that there is NO link with actual purchases/ sales. The only link is with a purchase intention…. Furthermore the conjoint approach is very time-consuming and expensive. Conjoint Analysis © 2011 Daccle Visual Impact Test is based upon the notion that it is in most cases impossible to determine lasting individual elements that directly cause purchase behaviour. Individual elements all interrelate and purchase behaviour is often unconsciously based. Therefore, Visual Impact Test is a holistic model which seamlessly matches the way a packaging (or design or logo or…) is being perceived by an individual consumer. Is the packaging attractive (compared to the Umfeld of the competition)? Does the packaging suit the consumer (lifestyle, etc.) What is the ranking of the evoked set of packaging's? © 2011 Daccle Visual Impact Test: holistic Visual Impact Test: holistic © 2011 Daccle VIT can best be applied after a product and/or packaging is developed (albeit in concept) VIT is a model to establish the market potential of 1 or more concepts within the Umfeld of the competition The algorithm On basis of these consecutive tests the algorithm is matched to actual sales figures and consciously improved © 2011 Daccle Over 3000 tests have generated the building blocks of the VIT algorithm: 1. the set of discriminating holistic variables 2. the interrelationship of these variables What is the value of VIT when it comes to actual sales/ purchases? We have compared the actual sales and forecasts on basis of VIT for many different products in many different product groups. The typical correlation between forecast and actual sales is .91 © 2011 Daccle Up to .95 correlation between predicted sales and actual sales VIT offers more…. 1. a web-based test management- and analysis tool 2. provides online data input, modelling and various reporting formats 3. thorough analysis tools and what-if scenario’s like: How does my new packaging perform in supermarket x? How does my new packaging perform among heavy users? How does my packaging perform when a competitor is not available or out of stock? Etc. © 2011 Daccle An actionable forecasting model. Image genuine well being 40% youghtful 30% tradition 20% 10% stylish natural ingredients 0% masculine buyers non-buyers pure independent refreshing adventurous © 2011 Daccle Examples of additional information wellknown 50% Loyalty Brand 1 45% 10% 5% 5% 7% Which brand Brand 2 have you Brand 3 bought before last time? Brand 4 3% 51% 8% 4% 3% 2% 6% 48% 0% 2% 23% 13% 12% 69% 16% Brand 5 5% 8% 8% 9% 63% © 2011 Daccle And more…. Which brand have you bought last time? brand 1 Brand 2 Brand 3 brand 4 brand5 Other answers provided: And more… Why is my design not liked/ appreciated? What product claims are important to customers and how do I perform compared to the competition? What is the price elasticity of my product? Etc. © 2011 Daccle Online or in-hall Over 3.000 tests Global More than 25 years of expertise A broad range of product categories A-brands as well as private labels Up to 95% correlation between forecast and actual sales Actionable analysis tools Some Product categories Carpets, vinyl flooring Dairy OTC products Beer Medicines Telephone Wine Snacks Curtains Kitchen designs Spirits Chips en snacks Frozen products © 2011 Daccle Facts & Figures Contactdetails Daccle BV Vliegbasis de Huygens Jan Evertsenstraat 777 1061 XZ AMSTERDAM The Netherlands Tel: + 31 20 6148120 Contact: drs. Jozsi Toth M: +31 653247546 E: jtoth@daccle.nl We are located in a vibrant office building in Amsterdam amidst several creative knowledge companies © 2011 Daccle W: www.daccle.nl