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17 SECRETS FOR SUCCESSFULLY LAUNCHING
A PRODUCT OR SERVICE.
1. EMPOWER THE MARKETING DEPARTMENT.
Marketing is a coupling of customer and company. It is the organization
charged with understanding the market. It must drive the company
to respond to the customer. Marketing is the organization that must
make development groups aware of the customers' needs and the manufacturing
organization knowledgeable about capacity and cost issues. Marketing
must be active in planning the company's products.
2. CREATE A MARKETING PLAN.
This seems obvious, but you would be surprised how many products
are pushed to market without any plan in place. Once it is created,
it must be a living plan as well. The company must know it exists
and must follow it. The plan should be continuously reviewed. If
the plan is written and never looked at again, it is not a plan
at all. An excellent software program for creating a marketing plan
is Marketing Plan Pro by Palo Alto Software.
3. MAKE SURE THAT YOUR PRODUCT IS A COMPLETE ONE.
Meaning, it has a defined market segment and successfully solves
a problem for that particular group. Dont try to be all things
to all groups. One you may not have the budget or staffing
to pull it off. And two your efforts will become diluted.
4. DO YOUR RESEARCH.
Know why your market segment will want to buy your product. Dont
rely exclusively on high profile, research companies such as Forrester
and Jupiter for your market research. These same folks told us that
the dot.coms were the new economy and would wipe out
brick and mortar retailers. Talk to your customers and listen to
them. Demographics and projected industry trends are important,
but not enough.
5. BE DIFFERENT.
Products succeed and become profitable when they are dramatically
different in significant ways. If a product is truly different in
ways that are important to customers, they will automatically perceive
the product as better. Marketing departments should create differences
and be capable of articulating their importance.
6. DEFINE YOUR PRODUCT POSITIONING.
The first concern is whether the positioning for a product has ever
been defined. If the product has been rationally positioned, the
next question is whether or not that position is adequately reflected
in the companys promotions. A product's positioning should
be the cornerstone of every piece of sales literature, advertising,
and promotion. The effectiveness of any promotion depends on the
creativity of the people involved.
7. LOOK LIKE A WINNER.
You never get a second chance to make a first impression. All marketing
communications elements must present a professional, energetic and
creditable identity. Poorly designed web sites and marketing communications
materials will drive away more customers and potential employees
than you can ever imagine.
8. ENERGIZE YOUR SALES AND MARKETING TEAMS.
The launching of a new product must be an event. Without enthusiasm,
confidence and commitment driving the program, your results will
be diminished.
9. GET POSITIONED.
Your web site must be positioned on page one of Google, YAHOO and
Look Smart directories, under the keywords your customers would
normally use to search for your product. It is the cheapest form
of marketing you can create and it works 24 hours a day, 7 days
a week on a worldwide scale.
10. MAKE YOUR WEB SITE USER FRIENDLY.
Create a special section of your web site that will contain essential
information about your company for editors, analysts, journalists
and reporters. They are often on short deadlines and need only distilled
information which includes, the name and phone number of the PR
contact, basic facts about the company (spelling of an executives
name, their age, headquarters, etc.), the companys own spin
on events, financial information, and downloadable images to use
as illustrations in stories.
11. FACILITATE INFORMATION GATHERING.
Offer easy to understand and useful information about your product
on your web site. Downloadable PDF documents are essential. Include
a reply form on your site to collect important information and respond
to inquiries in eight hours or less. Phase two of the selling cycle
begins, and often ends, at your web site.
12. INTEGRATE YOUR MARKETING PROGRAMS.
Sales methods, promotional programs, distribution, advertising,
public relations must all work together. Managers must work together
to ensure this happens. Unless all of the ancillary activities are
in step, the effectiveness of any marketing program is bound to
be impaired.
13. SIMPLIFY YOUR SELLING MESSAGE.
Dumb it down. Your prospect must be able to quickly understand the
features and benefits of your product. Without rapid cognition there
is no sale.
14.UNIFY SALES AND MARKETING.
Good marketing departments take weak products and turn them into
successes by owning up to the problem and working with the sales
force to target the product in a niche where it can succeed. Where
there is real teamwork between sales and marketing, great products
become more successful and even the weaker ones can be made to succeed.
15.KNOW YOUR COMPETITION.
Visit their web sites. Purchase their products. Stroll their trade
show booths. Their goal is to grab the majority market share quickly
and defend it. Rapidly respond to their tactics and new developments.
Dont antagonize them or bash them to your customers. You may,
some day, buy them or get bought by them.
16. DEVELOPE A VIRTUAL FOCUS GROUP.
An inexpensive and effective way to test ad concepts, direct mailers,
web sites or any other marketing items, is to save the files in
a PDF format and email them to a list of existing customers who
have agreed to participate in your testing program. Its informal,
efficient and provides valuable feedback. Consider expanding your
target sample to include targeted prospects for even higher quality
responses.
17. CREATE A PROGRAM, FUND IT AND DRIVE IT.
Too often marketing programs are never actually developed and maintained
with a long-term commitment. In many cases, only a limited number
of marketing elements are created on a project-by-project basis
and media is placed as undefined budgets allow. An effective marketing
campaign must be driven by a marketing plan based on a sound strategy.
It should include a broad mix of tactics and a budget should be
allocated to fund the entire program. Only then will a program achieve
the goals set forth in a well-executed marketing plan.
Hire The Oxford Group to ensure your marketing program
will be an effective one. Contact Bill Oxford at 760-942-1100.
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