New Product Launch - The Basics

เขียนโดย Eva | 06:30

Almost everyone with a great idea for a new gadget dream of launching a new product on the mass market. Previously it was much easier for a small business to bring new products than it is today. Several years ago a small company could start with a new product or idea by the traders of the district, building a customer base locally and then fans throughout the region, nation or the world. But the retail landscape has changed dramatically, with large chains with thousands of branchesdominate the market today. Over the past 15 years, countless smaller chains and independent operators, or their larger competitors, or simply went to his legs just ate because they were not able to compete with the giants. This makes it much more difficult for small firms to present their products to start, because a) they are approaching retailers less and b) there are thousands of companies vying for the attention of fewer buyers.

Twenty years ago, trade shows was oftena cheap way to introduce a new product to thousands of potential buyers, but as retail trade, industry exhibition saw a series of mergers, acquisitions and leave too. A large part of the fairs, in order to provide small and medium-sized companies have seen participation decline, and many of them have just disappeared.

For example, buyers in North America Men's Sportswear (NAMSB) show used one of the largest apparel trade shows in the United States, but nowit's gone. For years it was NAMSB fair that retailers of all sizes for the most current styles and future. It was also, now that some famous names started their careers in the mass market. A show NAMSB (many) years ago a friend that I wanted to meet the owner of a new company who could be hot. We walked for a small state with a one-man shows his new t-shirt, his name was pulled reception Stussy and one years after his company. ForE 'was the NAMSB shows the stepping stone to success. Today, however, there are fewer shows to choose and are much more expensive, so they have a higher risk. So if you think about it, a fair, you make me the best preparation for doing your job, invest money and make it right, or could be setting themselves doomed to failure.

What does this mean for a small company with a great product or idea? What does it mean, yes, it can be difficult to launch a new product for the massesMarket, but also means that a company can achieve the big breakthrough today, much faster than before. So what is the secret to the sale of Wal-Mart and other big retail chains? For beginners, the answer is that there is no simple answer to a product launch in the mass market is not for the faint of heart, but can be done. The answer here is your duty


You know your business as you want to produce a product and how you distribute? You have the ability(Production and finance) to meet the needs of the mass market?
Know your product set, the product that set it apart from the competition? What makes it unique? What is the something special?
Know your retailer where the product is measured in the store and how you want them? Its suppliers of objective research what they are looking into new products? What is their procedure for reviewing new supplier?
Know your customer who will buy yourProduct and why should they buy?
You know your marketing plan-how you want to get the word out about your product, your customers?

Knowing the answers to these questions will prepare you and your company for a successful launch of your new product on the mass market.

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