Conjoint Analysis
Understand how customers make trade-offs between features, price, and quality. Build product and pricing scenarios from structured trade-off evidence.
Available on Professional and Enterprise plans
What is Conjoint Analysis?
Conjoint analysis reveals how customers value different product attributes by showing them realistic product profiles and asking which option they would choose. It is a common method for understanding trade-offs and informing product design.
Example: Which plan would you choose?
Option A
- Price:Mid price
- Storage:50GB
- Support:Chat + Email
- API:Read-only
Option B Selected
- Price:Higher price
- Storage:100GB
- Support:Phone + Chat
- API:Full API
Option C
- Price:Lower price
- Storage:10GB
- Support:Email only
- API:No API
How Conjoint Analysis Works
Define Attributes & Levels
List your product attributes (features, price, support) and their possible levels
Respondents Compare
Respondents see product profiles and choose their preferred option from each set
Calculate Utilities
Our algorithm calculates part-worth utilities for each attribute level
Simulate Scenarios
Use the simulator to compare configurations and document assumptions
What Can You Learn?
Product Configuration
Understand how customers trade off between features, quality levels, and price points
Pricing Research
Estimate willingness-to-pay tradeoffs for specific features and packages
Bundle Design
Create winning product bundles by understanding feature value combinations
Market Simulation
Simulate market share for different product configurations vs. competitors
Built-in Market Simulator
Compare documented what-if scenarios with an interactive simulator
Why Choose Conjoint
Understand Trade-offs
Estimate how respondents value each feature relative to price and other features.
Model Market Scenarios
Compare how different product configurations may perform under stated assumptions.
Explore Revenue Scenarios
Estimate revenue implications without treating simulated outcomes as guarantees.
Segment Insights
Discover how different customer segments value features differently.
Scenario Workflow
Limit Attributes
Keep tasks manageable so respondents can make realistic tradeoffs.
Document Assumptions
Treat simulator outputs as scenario estimates, not forecasts.
Validate Segments
Check sample size before presenting segment-level differences.
Frequently Asked Questions
What type of conjoint does Gotopico support?
We support Choice-Based Conjoint (CBC), the most widely used and robust conjoint method. Respondents see complete product profiles and choose their preferred option, mimicking real purchase decisions. We use hierarchical Bayes estimation for individual-level utilities.
How many attributes and levels can I include?
We recommend 4-7 attributes with 3-5 levels each for optimal results. Too many attributes increases cognitive load and reduces data quality. Our design algorithm automatically creates an efficient choice task design that covers all important combinations.
How many respondents do I need for conjoint?
For reliable aggregate results, aim for 200-300 respondents. For segment-level analysis, you'll want 150-200 per segment. The platform provides sample-size guidance and warns if results may be unreliable.
Can I include a 'none' option?
Yes! Including a 'none of these' option makes results more realistic by accounting for respondents who wouldn't buy any option. This is especially important for pricing research where you want to understand purchase likelihood.
Go Deeper
Conjoint Analysis Explained
Attribute design, choice-task setup, and how to move from utilities to strategy.
Pricing Research Suite
Conjoint pairs with Van Westendorp and MaxDiff in one pricing research workflow.
Product Managers
How product teams use conjoint for packaging, tier design, and feature trade-offs.
Ready to Model Product Tradeoffs?
Start your first conjoint study and discover what customers truly value.
