Back to all proofs

Three product concepts to a go, a kill and a price test in five weeks

Client

Date

$2B+ US connected-home technology manufacturer

12/2024

The challenge

A $2B+ US connected-home technology manufacturer holds a backlog of roughly two thousand product ideas and no consistent way to decide which earn engineering time. Ideas advanced on internal conviction, because nothing existed for putting a concept in front of a real buyer at a real price before committing to build it.

The solution

FifthRow ran three internal product ideas through one validation sequence end to end: market research and synthetic personas in, a priced concept on a live landing page with real paid traffic behind it out, and a weekly read on which propositions were actually converting. The output is a decision on each concept, not a report on all three.

5 weeks

from internal idea to live priced market test

3 of 3

concepts resolved to a decision
Concepts validated3, from internal idea to live market test
Cycle time5 weeks, idea to live traffic
Pricing evidenceConsumer price points estimated per concept from personas
Decisions produced1 advanced, 1 closed, 1 taken to further price testing
01 — CONCEPT AND PRICING DEVELOPMENT

Three ideas had sponsors but no evidence. Each was built out into a proposition specific enough to put a price on and to show a stranger, using synthetic personas to establish who would buy it and what they would pay.

Core Activities

  • Expanded each sponsored idea into a full concept with a defined buyer
  • Built synthetic personas for the customers each concept would have to win
  • Ran simulated interviews to pressure-test desirability before any spend
  • Estimated a consumer price point per concept from the persona evidence
  • Generated further solution options inside the same problem spaces
  • Sized the opportunity and tested feasibility on each concept in turn

The Results

Three concepts with a named buyer, a proposition and a defensible price attached, and two pricing calls already made by the owning teams before any traffic ran.

2

pricing decisions taken directly off the simulated persona evidence
02 — LIVE MICROSITE MARKET TESTS

A priced concept is still an assumption until someone is asked to act on it. Each concept went onto its own live landing page, with paid traffic pointed at it and a real sign-up as the thing being measured.

Core Activities

  • Designed a landing page per concept, then built and published each one live
  • Presented each concept at its estimated price, so the offer was the thing being tested
  • Ran paid social campaigns against each page inside a fixed client media budget
  • Reported per-concept performance back weekly, on one dashboard the teams read directly
  • Optimised creative and targeting inside the campaign window rather than after it

The Results

Three propositions in front of real buyers at real prices inside five weeks, each producing its own conversion evidence rather than an internal opinion about how it would land.

3

product ideas taken from backlog to live paid traffic
03 — READ-OUT AND DECISIONS

The point of the tests was to make the three concepts decidable. Each one was read against its own conversion evidence and closed out with a call, including the call not to continue.

Core Activities

  • Interpreted each concept's conversion data against its price and its audience
  • Optimised cost per click, click-through rate and cost per sign-up across the window
  • Took one concept to an approved A/B test on price rather than guessing at elasticity
  • Confirmed one concept as good to go on the strength of its own results
  • Recommended closing one concept where the fixed hardware price would not convert
  • Benchmarked the approach against the consumer-research platforms the company already used

The Results

A decision on every concept: one advanced, one taken into price testing with approval, and one closed on the evidence, all inside the same five weeks and the same four-figure media budget.

$49.57 to $40.15

cost per sign-up, optimised inside the test window

What it proved

Three sponsored ideas went in. Each came out as a full concept with a named buyer, a persona-derived price and a live landing page carrying paid traffic. Across the four-week campaign window, cost per click fell from $1.03 to $0.50, click-through rate rose from 3.81% to 5.21%, and cost per sign-up came down from $49.57 to $40.15, all inside a $3,600 client media budget. Every concept ended with a decision: one confirmed good to go, one approved for A/B price testing, and one closed because the hardware price it was locked into would not convert.

What the company got was a way of resolving a concept rather than a way of describing one. The value is clearest in the concept that stopped: the team learned within weeks, for a four-figure media spend, that its price point would not work, rather than discovering it after an engineering commitment. Against a backlog of roughly two thousand ideas, having a repeatable route from internal idea to real-buyer evidence at a known price is what makes the backlog triageable at all.

Results

MetricBenchmarkResultImprovement
Concept validation routeNo mechanism for testing a concept on a real buyer before building itIdea to live priced landing page in 5 weeksA concept can be tested before it is committed to
Pricing evidencePrice set on internal judgementConsumer price point estimated per concept from persona evidencePrice decided on buyer evidence
Decision yieldConcepts advanced on internal conviction1 advanced, 1 closed, 1 into price testingEvery concept resolved, including the one that stopped
Cost of finding outAn engineering commitment before market feedback$3,600 of media across three conceptsA wrong price found for four figures, not a build
Conversion efficiencyNo prior in-market conversion data on any conceptCost per sign-up optimised from $49.57 to $40.15Sign-up cost cut by a fifth inside the window
A KILL IS A RESULT

The most valuable outcome of the three was the concept that stopped. Learning inside five weeks, for a four-figure media spend, that a fixed hardware price will not convert is worth more than an engineering programme that discovers it later.

PRICE IS PART OF THE TEST

A landing page that does not name a price tests interest, not demand. Presenting each concept at its estimated price meant the sign-up measured willingness to buy rather than curiosity.

PERSONAS SET THE PRICE, TRAFFIC CHECKS IT

Synthetic personas produced a defensible price to go to market with, and live traffic said whether it held. The two work as a sequence: one makes the test possible, the other makes it true.

OPTIMISE INSIDE THE WINDOW

Creative and targeting were adjusted while the campaigns ran, not reviewed afterwards. Cost per sign-up fell by a fifth during the same four weeks, which is conversion evidence a single static test would never have produced.

FIXED CONSTRAINTS ARE FINDINGS

One concept failed on a hardware price the company could not move. A test that identifies which constraint is binding has answered a more useful question than one that only reports whether people liked the idea.

A BACKLOG NEEDS A ROUTE, NOT AN OPINION

Two thousand ideas cannot be argued through one at a time. What makes a backlog triageable is a repeatable path from internal idea to real-buyer evidence, cheap enough to run on a concept that might not survive it.