Feasibility Studies

feasibility studies in rochester, ny with Drive Research

Working with Our Rochester Feasibility Studies Company 

What is a feasibility study?

A feasibility study is crafted to understand the potential advantages and disadvantages of developing a new concept coming to market. Our feasibility studies company near Rochester focuses on a hybrid approach of both qualitative and quantitative research to provide statistically reliable results. 

What are the benefits of a feasibility study?

Feasibility studies near Rochester evaluate a company’s strengths and weaknesses, its position in the marketplace, and its financial standings. This general overview allows business owners and managers to see an objective view of their business's current situation and growth areas. Feasibility studies are a great marketing research methodology for meeting consumer demands, filling gaps in the marketplace, and generating new ideas for strategic changes. 

What are the components of a feasibility study?

There are three featured components recommended by our Rochester feasibility firm. First, Drive Research evaluates syndicated research and demographic data to understand changing target populations and marketing supply. Next, our team conducts a competitive assessment. This helps evaluate similar competitors in your market to see what gaps are still in the market and how you can solve those. Lastly, the third component for our Rochester feasibility study company is a market survey. This component highlights the appeal, barriers, and expected usage of your business concept. 

What is included in a feasibility study report?

A Rochester feasibility study company like Drive Research provides your team with the data it needs to determine the likelihood of success or failure of your new venture. Our feasibility study agency report combines insights from multiple data sources to illustrate a comprehensive overview. Going one step further, Drive Research also provides key recommendations for strategic improvements in your custom feasibility study report. 

How much do feasibility studies cost?

Our feasibility studies offer an effective yet affordable service for businesses located in Rochester and surrounding areas. However, with several moving components of a feasibility study, it is difficult to provide a definitive price range for this type of marketing research. By learning more about your project objectives, needs, and expectations, our feasibility studies company is able to provide a clear scope of work to meet your specific criteria. 

Interested in a feasibility study near Rochester or need a proposal? Contact Drive Research today.

Contact Us