5 Essential Steps To Creating Your First Product

by Ivan WidjayaStrategy
Great ideas can appear in a flash of genius; it’s turning those ideas into a reality that can be challenging. The key to creating a successful first product is strategic planning, built on the foundation of knowledge and research. By following a carefully constructed, step-by-step approach to creating and then launching your first product, you’ll increase your chances of success. Here are the five essential steps to creating your first product. Step One: Define Your Product Before you can move onto creating your product, you must first define it.…

The Best Methods when Launching a New Product Line

by Ivan WidjayaStrategy
There’s a well-known saying that argues, “You only have one chance to make a first impression,” and that’s certainly true of new product launches. Get it right and customers will flock to you. Get it wrong and they will soon lose interest. Know your target market Firstly, you need to get the measure of your market. While it can be extremely tempting to launch as soon as possible, it actually makes more sense to take your time and ensure that you understand what your customers want.…