Monday, February 17, 2014

Checking The Market

While we're in between brilliant ideas and marketing research, here is an article about a company called GutCheck that blends the two together. GutCheck "hopes to save you from your own bad company ideas before you get too deep in debt trying to market your" [insert good/bad idea here] by providing you with community-sourced market research. The claim is that solutions are provided in 24-72 hours with 3-5x the value depending on market research budgets. They've already got some big brands who have utilized their services (Home Depot, Pfizer, Noodles & Company).

http://venturebeat.com/2014/01/28/gutcheck-funding/
http://venturebeat.com/2013/06/14/gutcheck-raises-4m-to-prevent-epic-product-fails/


While I'm not sure how well this would work for social ventures, particularly those that are not product-based or those not based in GutCheck's research area (I'm thinking outside the US), ventures with a physical product may be interested in seeing what GutCheck can provide them in terms of market research.

For those interested, here is their website: http://gutcheckit.com/

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