4 Things To Do Before Launching New Product
Time has changed so do the technology and way of doing things. People all over the globe introduced to the digital market that changed the perspective of people or customer the way it was. Nowadays, it isn’t an easy task to launch a product, it can be hectic as well as if you do not plan well then things can get pretty bad for the company.
A product launch is one of the biggest mistake that a marketer can do in context to its business. The risk is real and burden is heavy, most of the companies especially new startups don’t even have engineer, marketing experts, designers, research development team to do the job.
There are things that are crucial and needs to get organised properly. 4 things to do here before you go outside to launch a product :-
1.Conduct in-depth research on target audience
The research about target customers is essential to provide benefit to both the product as well as to the customer. The conducted research should bring answers of the questions such as :-
- Who are they : gather details about their financial status, age, gender, sex, educational qualification e.t.c
- What are their expectations : supply the demand, seek out what they want exactly and how much they are willing to pay for the product?
- What brand they buy : it is important to know what brand they are currently buying? How much it cost them? And specific reason of buying the particular brand?
2.Plan your promotion strategy
Once, you’re done with gathering information about the target consumer. Start planning your promotional strategy, the more effective you plan more chances of your launch to become success. Start posting on your social media page about the product, tease them, write blogs or content which consist of product details. Giveaway free coupons or discount, provide people with free samples of your product. Etc.
3.Once out don’t expect big release
The big release only happens for big companies like apple or microsoft if you are in these then you can otherwise just don’t get panic. You don’t know when the reporters or other pages will get the time to write for you so, wait and just keep the release go on like that. Once everyone done with your product work then come to further step. Till then, keep your social media account and website updated regularly by something.
4.Post launch strategy
It is not like, once you launched the product you are done and flight has taken off. Plan post launch strategy to keep the momentum go on for a certain period of time, in order to make the product familiar. Engage with your customer, solve their queries, issues and get feedback from them to fix product problem at earlier stages only.
Product launch is a pretty much difficult job perform but this not need to be taken to head as a pain or a problem. Everyone just needs to hit the right strategy to accomplish the goal. If you do not have any expertise to guide you or a staff to help. then you have an option to hire “social media management company”. These are professionals and have experience of handling the situations even those that occurs all of sudden. Assisting is crucial to make effective strategy.