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Product competitiveness

Understanding pricing versus competitors

Client:

eDEN Garden Rooms

Client challenge

The team at eDEN Garden Rooms were keen gain a deeper understanding of their pricing competitiveness against the competition.  As a premium player within the garden room market, eDen knew that they offered a higher level of specification than the competitors, and were therefore unable to assess their pricing in a true like-for-like manner.  Piper were briefed to help unpick the product and pricing conundrum, and bring actionable insights back to the business.

Actions we undertook

Capturing the specification levels of the eDEN model line-up, against the key competition.  This first deliverable proved that eDEN Garden Rooms consistently offered levels of specification that were higher than their direct competitors. This powerful finding allowed a refresh to the sales materials and marketing campaigns, where the focus on quality and high-specification becomes a genuine USP for the business.

Establishing the exact price of each competitor model, on a like-for-like specification basis, proving that the eDEN could offer excellent value compared to the competitors.

Results

This analysis allowed eDEN to develop a strategic price-point, relative to the competition, driving a +10% increase in units sold vs prior year. It has also provided the eDEN sales team with the confidence and knowledge to stress the value of their product lime-up during sales conversations.  

What the client said

A man sits in a dimly lit cafe working on a laptop with a coffee

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