Horizon: Winner of the BSH Startup Kitchen Award “The Pioneer” for consumer-validation of product decisions
The BSH Startup Kitchen Awards, organized by the BSH Home Appliances Group, is an award for the best, most innovative partners from BSH’s venture client activities collaborating with the home appliance industry. It recognizes pioneering startups that are pushing the boundaries, transforming the way home appliance leaders can approach the pressing challenges ahead.
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Consumer-validation of product decisions for the teams of BSH Home Appliance Group
Horizon allows the product and innovation teams of BSH Home Appliances Group to understand the true purchase intent from real consumers based on behavioural data by running landing page tests with consumers from social networks or search.
How Bosch uncovered a 20% price increase opportunity with the help of Horizon
Bosch successfully employed Horizon for a consumer-validation test. They aimed to validate a strategic price decision for an existing product line. Using Horizon's behavioural consumer-validation software, Bosch gathered real-life purchase-intent data at scale for different price points. Based on the insights through Horizon, Bosch was able to uncover a 20% price increase opportunity which would improve their ROI, despite currently challenging market conditions.
In this process, Bosch specifically used Facebook and Instagram ads, driving the target group to three different landing page variants, each showcasing a distinct price point for the product. The data from consumer actions on these landing pages provided the crucial insights Bosch needed.
“Working with Horizon was a remarkable customer experience and enabled Bosch to make an impactful strategic pricing decision.”
E-Lin Tan Global Head Smart Indoor Gardening - BSH Hausgeräte GmbH (Bosch)
Enabling all consumer goods companies to increase the ROI of their product decisions through purchase intent insights
Horizon is incredibly grateful to the BSH Home Appliances Group for the award,looks forward to enhancing the collaboration with BSH and will continue on its mission to help all consumer companies to make consumer-validated product decisions.
Read our CEO’s Linkedin Post for more information here.
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Florian is a Research Manager at Horizon and has a rich background spanning consulting, marketing, and advertising. At Horizon's service department, he spearheads strategic market analysis, leveraging Horizon's B2B SaaS platform to empower innovation in making data-driven decisions for market success. With his expertise, Florian ensures that consumer insights are meticulously analyzed, enabling clients to confidently navigate pre-market landscapes.