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HASSLED BY YOUR FINANCE & TAXES ? ?

How conducting Market Research helped Intuit expand globally

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Page 1: How conducting Market Research helped Intuit expand globally

TOO HASSLED BY YOUR

FINANCE &TAXES ? ?

Page 2: How conducting Market Research helped Intuit expand globally

“ Revolutionizing people’s lives by solving important Business & Financial Management problems. “

Page 3: How conducting Market Research helped Intuit expand globally

1983 – BIRTH OF INTUITScott Cook Tom Proulx

Page 4: How conducting Market Research helped Intuit expand globally

1984 – FIRST PRODUCT LAUNCHED

QUICKEN

Page 5: How conducting Market Research helped Intuit expand globally

AND WHAT HAPPENED ?

Page 6: How conducting Market Research helped Intuit expand globally

THEY ALMOST WENT

OUT OF BUSINESS

TWICE !!

Page 7: How conducting Market Research helped Intuit expand globally

WHAT CAME NEXT ??

Page 8: How conducting Market Research helped Intuit expand globally

Intuit changed its distribution strategy and sold its software to Banks.

Print advertising campaigns followed.

Page 9: How conducting Market Research helped Intuit expand globally

AND WHAT HAPPENED ?

Page 10: How conducting Market Research helped Intuit expand globally

Quicken became the BEST SELLINGFinance Productin the Market.

Page 11: How conducting Market Research helped Intuit expand globally
Page 12: How conducting Market Research helped Intuit expand globally

Intuit has laid a great emphasis on:

Conducting Market Research

Capturing Marketing Insights

Page 13: How conducting Market Research helped Intuit expand globally

KEY FINDINGS

“ SIMPLICITY “ is the key.

Easy-to-use platform.

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A new approach to Product Development –

DESIGN THINKING(incorporates extensive consumer observation and research)

Page 15: How conducting Market Research helped Intuit expand globally

FIELD RESEARCH METHODS

SITE VISIT –Intuit’s researchers visit the individual’s home or office to observe exactly how products are used and how products can be improved upon.

Page 16: How conducting Market Research helped Intuit expand globally

FIELD RESEARCH METHODS

LAB STUDY –It invites consumers to one of Intuit’s research labs to test and experiment with Intuit’s new products and ideas.

Page 17: How conducting Market Research helped Intuit expand globally

FIELD RESEARCH METHODS

REMOTE STUDY –Consumers are interviewed over the phone and often asked to view new design concepts over the Internet.

Page 18: How conducting Market Research helped Intuit expand globally

Intuit sensed that young consumers wanted the software program to be more mobile.

WHAT DID IT DO ?

Page 19: How conducting Market Research helped Intuit expand globally

Developed a tax app called SnapTax.

Provided exceptional customer service.

Promoted positive word-of-mouth.

Page 20: How conducting Market Research helped Intuit expand globally

AND WHAT HAPPENED ?

Page 21: How conducting Market Research helped Intuit expand globally

App downloaded more than a million times.

Intuit has more than 50 mobile apps today.

More than 45 million cloud based services’ customers.

Page 22: How conducting Market Research helped Intuit expand globally
Page 23: How conducting Market Research helped Intuit expand globally

DISCLAIMERCreated by Sankalp Agarwal during an internship in

Marketing Management under Prof. Sameer Mathur, IIM Lucknow.