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How To Launch Product

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If you're following the marketing & product funnel business model that I teach, you're likely getting good sales from every offer you're making to your market. If you'd like to increase those sales numbers, however, there are several strategies you can implement to do so, starting with before you even put your product, program, or service out there.



So, if you want to increase your sales BEFORE you launch your product or service, the following are some of the most effective ways to do just that:

1. Use Social Proof What is "social proof"? Simply put, we are all conditioned to watch what others are doing and follow along (think teenagers). Using social proof in your marketing helps you to influence your customers to purchase your products/services, get new prospects to sign-up for your list, and get people talking about you and your offering - and that's just the start.

So, how do you use this psychological trigger in your marketing? One way is to use results-based testimonials. Ask your current customers or clients to give you results-based testimonials. They literally say, "I used this product and these are the results I got." Having celebrities give these to you is great, but make sure you have testimonials from REAL people (see #2). Those are the ones that are really going to cement the idea in your potential buyer's mind that they can do it, too.

2. Answer your prospects #1 objection To take "social proof" to a deeper lever, anyone who is buying anything almost always has this #1 objection: "Sure, you can do it, but can I do it?"

In addition to using yourself as an example (if appropriate) as evidence that what you are offering does what you say it will, it's also important to make sure you get "social proof" from people in your client/customer's peer group. Then your potential buyer sees people like themself and understands that "Hey, it worked for them, it can work for me, too."

3. Use a time limit Creating a sense of urgency around your product or service will make it that much more enticing to potential buyers. For example, when you first release a product, offer it at a discount for one week only. This creates a sense of urgency for your potential customers.

4. Use a limited quantity If you are selling a physical product and you are only having 100 produced, then use that information to create the same sense of urgency you would with a time limit. Use a countdown on your website to further create the feeling that if your potential buyers don't buy now, they may miss out.

5. Use a time or quantity limit on bonuses Additionally, you could offer bonuses for a certain length of time (first week only) or for a certain number of products sold. For example, the first 30 buyers would get an additional special report (valued at $XX).

The last three strategies also help your buyers feel like they are part of your "club" when they join by purchasing your product or service.

Obviously, you can use these tactics unscrupulously, and I'm sure you've seen it or experienced it yourself. But if you want your business to truly be successful, in all the ways that are important and meaningful to you, then you must only use these strategies with integrity and honesty.

If you really are only going to print 100 copies of a physical product, then only print 100 copies. That doesn't mean that you can't do another print run. It just means that you tell your market that you're only going to print 100 now, and if you do decide to do another run, then they will have to wait another two or three weeks before they can get their copy.

If you really are going to raise your price after a certain date, or after a certain number of items are sold, then you must follow through. You can give your current base a chance to buy at the "original" price before you raise it, but you still must raise your price if you say you will.

Your integrity using these strategies will create more sales for you than ever before. But use them to manipulate your prospects and it will come back to haunt you...guaranteed.
How To Launch Product
I come across many entrepreneurs with great ideas but they are not sure how to proceed further and bring their idea into existence. Some entrepreneurs spend years working on an idea trying to make it perfect and then couple of months to patent it. After patenting, many entrepreneurs don't have a clear idea what to do next. They have a burning desire to work towards their idea but they have many hurdles in front of them, where to find the money, how to make it look and work perfectly, how to market and then be able to finally make some money.

Entrepreneurs need to understand "Speed to Market". Just as it sounds, "Speed to Market" is the ability of the product to reach the intended market in the shortest span of time as possible. In today's fast changing world there are many people who come up with ideas but just as important it is to have the right idea, it is also a requirement to understand the complete process of how a product should reach the market.

As an entrepreneur who needs to get started but has no idea how to go work towards your dreams then here are seven important and necessary steps to expedite your idea through development:

1. Before you invest huge amount of time and money, the first and the most important step in any idea development is to research about your idea and find out if there is anything existing in the market similar to your idea. What are these ideas patented for, note all the details and check if your idea is not coinciding with the existing patented idea. If not then you are good to proceed with the next step.

2. The next step is to make a good team of investors, experienced patent lawyer, design firm, manufacturer, marketing firm, and distributor. This will expedite your product to market time. If it is difficult for you to find all the resources at the same time, then you should concentrate on investors and a good design firm.

3. The investor can be your family, friends, angle investors who provides capital for your invention or you can apply for government grant. Government grand take around three to four months to start your project. During this period you can get your product designed, and later you can apply for the second grand to manufacturing your product.

4. Then find a good patent lawyer who can do patent search and file a patent pending for your idea/ invention. A Provisional Patent will immediately put the label of 'Patent Pending' on your product, therefore protecting it against competitors who may try to file for the same patent. Filing a provisional patent also gives an you time to fine-tune your product to meet the requirements of customers and the market.

5. Once you have patent pending then you should approach to an experienced design firm who can design the product based on your patented idea. It's always better to find a design firm that can provide all design services under one roof. The design firm should be capable of product design, prototype, graphic design & packaging design.

6. The next important step is how you market your product. The PR firm will be able guide you how and where you should advertise your product for the maximum consumer and company's attention.

7. The last and most important step is to find a well connected distributor who can place your products in the right place and at the right time.

These steps will guide you in the right direction and will help you get your idea in the market before your competitor / friend does.
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About Author
Both Alicia Forest & Nisha Sawhney are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Alicia Forest has sinced written about articles on various topics from Internet Marketing, Marketing and Internet Marketing. Alicia M Forest, MBA, Multiple Streams Queen & CoachT, founder of and creator of 21 Easy & Essential Steps to Online Success SystemT, teaches profess. Alicia Forest's top article generates over 14800 views. to your Favourites.

Nisha Sawhney has sinced written about articles on various topics from Internet Marketing. Nisha Sawhney,the founder of SnS Design, Inc., one of New York's leading . SnS Design specializes in the development of home appliances, consumer elect. Nisha Sawhney's top article generates over 3600 views. to your Favourites.
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