Dreaming up a new idea for your business can be an exciting and rewarding process. You are about to offer your audience something they need or want, and so you’re helping people while growing your company. But, we can get swept away into dreaming about our ideas sometimes, can’t we? In all the excitement, we can lose track of the reality of a launch. We want to help you think through how you can launch your new products or services in the most timely, cost-effective, and successful way. Here are ten marketing questions to answer before launching a product or service.
1. Does it align with my company’s goals?When we add elements to our company’s repertoire, it’s crucial to ensure that they align with the vision we have for our brand. Because no matter how small, each product or service says something about your business—and could very well change the trajectory of your brand’s growth. So, it’s first and foremost important that you choose your additions wisely. Picture your business in two to five years. Does this product or service still fit into that picture?
2. What problem does it solve for my audience?The primary reason to build a new product or service is to solve an issue for your audience. Does this idea address a common pain point for your customers? If the answer is yes, you may have just come across your next big seller! If not, you may need to return to the drawing board.
3. How can I build strategic messaging around it?Once you have your golden idea that aligns with your brand and solves a pain point for your customer, you’re ready to craft messaging. This is an involved process, but every second is worth it in the end. You can use your answer to question two, “What problem does it solve for my audience?” to inform this process. Once you have the answer to that question, you can begin building your messaging strategy. Identify the key messages that you’re sending to your audience and hone in on what your tone will sound like. In general, you’ll use this time to map out how you will communicate your offering to your customers so that they will not only understand it but will then want to take action.
4. Which platforms should I use to announce the launch?Using your messaging strategy, you will send your messaging to customers on the most appropriate platforms. Take a moment to review your analytics for different channels to decide where it will be effective to spend your most effort. You should not ignore the platforms that aren’t performing quite as well, but this step will help you choose your priorities. A few platforms to consider are:
- Email marketing
- Blog articles
- Social media
- The local and national media (i.e., press releases)
- Paid advertising