Home improvement professionals frequently purchase building products, playing a crucial role in the construction and renovation industry. To better understand the dynamics of their purchasing decisions, the Home Improvement Research Institute conducted an extensive study focusing on the impact of Good/Better/Best product offerings. This research aims to shed light on how different product lines and price points influence contractors’ attitudes and behaviors when selecting products.
The primary objectives of this study are to:
- Identify the key factors that influence contractors’ selection of products from manufacturers.
- Assess contractors’ understanding and awareness of the range of product lines and price points offered by manufacturers. Determine how well contractors feel informed about these options.
- Understand how attributes across different product lines and price points influence contractors’ purchasing decisions and recommendations to clients.
- Evaluate how the availability of multiple product lines and price points within a single manufacturer’s offerings affects contractors’ loyalty to that brand. Assess whether a wider range of options leads to increased satisfaction and repeat business.
- Identify the general challenges contractors face when navigating manufacturers’ product lines and pricing structures. Explore opportunities for manufacturers to enhance their offerings, support, and communication to better meet contractors’ needs.
By achieving these objectives, HIRI aims to provide valuable insights that can help manufacturers tailor their strategies to better meet the needs of home improvement professionals, ultimately fostering stronger relationships and driving business growth.