Benefits for Your Brand
- Speed
- Value
- Efficiency
Three competitive proposals from your shortlist in five days – with project kick-off straight away through a StudioSpace Statement of Work.
Need agency expertise in product design or market analysis?
When your brand needs product design or market analysis, getting the right agency expertise is crucial. Addressing these areas properly can ensure your products meet market demands and stand out from the competition. This expertise helps you understand your audience better and optimize your strategies for success.
StudioSpace makes it easy to roster specialists with in-depth industry knowledge to streamline project execution and boost innovation. Under a StudioSpace MSA, brands can procure multiple agencies at once under a single umbrella contract that’s backed by our guarantee. Now that’s working at scale.
Proven Expertise Across Over 30 Major Sectors
- 9 Family businesses
- 78 languages spoken
- 30% of agencies female-founded [with a target of 50%]
- Over 1,000 awards won
What brands are saying about us
People Also Asked
Product strategy defines a product’s direction, goals, and tactics. It helps a company decide which customers to target and how to meet their needs, ensuring the product’s success in the market.
Developing a product strategy involves defining your target market and understanding their needs. You’ll need to set clear goals and outline how your product will meet these needs. It’s crucial to analyze the competition and position your product uniquely. Keep refining your strategy based on feedback and market changes.
Medium-sized companies usually spend around $50,000 on product strategy each year. This cost can vary based on what they need. Some might pay a bit less and others more. It depends on the project scope and the company’s goals.
The latest trends in product strategy focus on sustainability and ethical sourcing. AI integration is key for personalization and efficiency. Agile methodologies are crucial for fast-paced markets. Data-driven decisions also shape strategies to align with customer expectations and market shifts.
Some common mistakes brands make in product strategy include not understanding their market well, failing to gather enough customer feedback, and ignoring competitors. They often don’t adapt to changes quickly and sometimes overlook the importance of a clear, coherent vision. This can lead to mismatched product offerings and missed opportunities.
Get Matched with the Right Agency
- We've vetted the top 1% of agency talent, so you don't have to
- Work at scale with teams of agile specialists
- Trusted by some of the world’s best brands
Zero subscription fees No locked in contracts
Want to learn more? Chat with us