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Plan for that exciting launch, celebrate and enjoy the feelings with your team
Market, advertise, blog, message, share, become a rapidly growing rising star
Keep open minds: use scenario plans to prepare to overcome future obstacles
Take existing products & re-brand to sell to different target market segments
Low growth, low market share?
Market saturation, or maturity?
Rapid growth; unable to fulfil?
Resource and talent shortfall?
Risk Management in place?
Scenario planning undertaken?
Life is full of roses (thorns exist)?
Empowered and agile responses?
Tried and tested (mostly) works?
Resist new ideas/way-of-working?
Market and customers changing?
Re-invention feels scary?
The launch preparation: Have we prepared everything? Have we worked out how we are going to market the product? What sales channel we are selling it through and how are we going deliver our product to our customers> Hold regular launch readiness meetings, monitoring completed progress using go / no go checklists.
The Launch itself: This is just the starting point. What a great feeling to have launched a product or service, or new feature enhancements - its butterflies time. However, this is just the start and there is a long way to go to success, but getting this far is an exhilarating time. Market the launch, advertise, blog, message, IM, DM, share photos, update websites etc, celebrate and enjoy.
Forward scenario planning: Be prepared to Adapt plans. Like a flowing stream, every second downstream is past history. What lies upstream will be different in the future. During your business / product idea journey, keep an open mind as to the possible scenarios that might occur and in what order. Anticipate, or react to unforeseen obstacles and in the moment, leverage your team to discuss alternative tactics.
We will help you build a clear launch plan, considering multiple factors
We will help you build launch criteria, develop go, no-go checklists
We will help monitor completion of launch activity and associated risks
We will undertake a product maturity health check determining its lifecycle stage
We will help your teams with Account Development Planning and Sales Targeting
We will help you determine what to do next with declining products or services
We will help you build, or refine your marketing plan, according to lifecycle stage
Product Lifecycle Management is the complete end to end process from concept to launch, but more importantly post launch and "in life" activities required during rapid market growth,, maturing markets, struggling, or stalling products and those going into decline, considering is the product, or marketing, or sales?
We bring years of experience from R&D concepts, through Product Launch, Marketing, Pricing and Positioning of Products, through rising star, through cash cow and end of life stages, the product being at the heart of marketing and sales.
A launch plan & progress monitor
- go/no-go criteria and checklist
A product lifecycle stage report
- where does your product sit?
A risk management plan evident
- RAID logs available
An Account Development Plan
- buying centres understood
An end of (product) life strategy
- need to EoL, or re-invent plan
A refined marketing plan
- new markets and re-branding
"Change is the only constant in life”
Heraclitus, 535 BC”
A product lifecycle through its growth, maturity & decline is like stages of a jigsaw
At first you have 1000 ideas that come together to form a completed jigsaw, but that's only the start point for the puzzle. What's next? Is it ready to be broken up to be resold and made again (and again, over and over?). Is it to be re-branded, put in a frame an sold as a picture to put on the wall. If its extremely popular, is the same picture going to be slightly re-designed for different markets: a 10,000 piece for die hard puzzle goers (?), but is that market big enough to justify the re-tooling and re-investment?; or simplified to 100 pieces, appealing to a much wider audience (younger, older, novice etc)? Or perhaps genuinely too old & really is time to discard (even then, what's the plan, bin or recycle?)
Compare where your product is and the lifecycle maturity stage stage to a completed jigsaw of the ballon. Is it on its way up, riding a rapid up-current of growth, making it a rising star, flying high above the rest? Has it got as high as it can and started to float down, but needs some more energy re-injecting to keep climbing over the next peak and so forth? You certainly don't want to have an unknown question mark how your balloon is doing - you need a clear plan and soon ... do I look to withdraw from the race and ground quickly(?), do I remove some features to become more and rapidly rise again(?), or simply accept this as as high as I get, but I can adjust course to go round obstacles(?)
Ready to get started but just want to ask some questions first?
Get in touch with us today.
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