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  • Hub You - New Product Launch - Questions To Ask Before Going Live: Part 1

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    for every hair type. The benefit of having a multiple product line, of course, is that you can expand your market reach.

    3) Does it satisfy a market need?

    Does your product or service actually solv

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    Do you have a great idea for a product? Are you thinking of launching a new product or service in the market place? Below is the first part of 12 questions you definitely want to answer and prepare for before you "go live".

    1) Who is the target market?

    You'd be surprised how many folks create a product before targeting a specific market. Targeting a market is the first step. If you do it the other way around, you just might find that a market for your product or service may not even exist.

    2) What is the product/service?

    Define it. Does it fall under a category? Is it a single product or a multiple line of products? A single product can be "one size fits all" if practical. WD-40 is a perfect example of a single product with multiple uses. When the WD-40 company first started out, they only had that one product. Today, they have multiple brands.

    You can also create different flavors of your product. Think of shampoo. There's one for every hair type. The benefit of having a multiple product line, of course, is that you can expand your market reach.

    3) Does it satisfy a market need?

    Does your product or service actually solv

    How Online Discussion Forums Can Help Build Your Business
    Internet marketing forums are a great way to build a business and they are free!A lot of forums have regular visitors who read but don't post. These people are usually seeking a home based business.The other people who visit forums do post regularly and while they often already have a business, they may be open to
    o is the target market?

    You'd be surprised how many folks create a product before targeting a specific market. Targeting a market is the first step. If you do it the other way around, you just might find that a market for your product or service may not even exist.

    2) What is the product/service?

    Define it. Does it fall under a category? Is it a single product or a multiple line of products? A single product can be "one size fits all" if practical. WD-40 is a perfect example of a single product with multiple uses. When the WD-40 company first started out, they only had that one product. Today, they have multiple brands.

    You can also create different flavors of your product. Think of shampoo. There's one for every hair type. The benefit of having a multiple product line, of course, is that you can expand your market reach.

    3) Does it satisfy a market need?

    Does your product or service actually solv

    5 Tips to Consider Before You Quit Your Job to Start a Business
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    may not even exist.

    2) What is the product/service?

    Define it. Does it fall under a category? Is it a single product or a multiple line of products? A single product can be "one size fits all" if practical. WD-40 is a perfect example of a single product with multiple uses. When the WD-40 company first started out, they only had that one product. Today, they have multiple brands.

    You can also create different flavors of your product. Think of shampoo. There's one for every hair type. The benefit of having a multiple product line, of course, is that you can expand your market reach.

    3) Does it satisfy a market need?

    Does your product or service actually solv

    Leadership With Vision - The Spark That Counts
    All leaders need to have vision because it is vision that leads leaders. Being a leader is not an appointed position! Being a leader means that there are people who are following you: they may be people on your team, other people in your organization, even clients and customers. As you lead and as people look to you for leadershi
    is a perfect example of a single product with multiple uses. When the WD-40 company first started out, they only had that one product. Today, they have multiple brands.

    You can also create different flavors of your product. Think of shampoo. There's one for every hair type. The benefit of having a multiple product line, of course, is that you can expand your market reach.

    3) Does it satisfy a market need?

    Does your product or service actually solv

    Prototypes, The Granddaddy Of All Products
    No company goes out and starts mass production of a new product before creating first an example of this product. This example is called a prototype.Prototypes are a working example of a new design. And before moving towards creating multiple copies of this prototype, the company will generally use the prototype to test it
    for every hair type. The benefit of having a multiple product line, of course, is that you can expand your market reach.

    3) Does it satisfy a market need?

    Does your product or service actually solve a problem? If you did your market research correctly, then it should at least solve a problem to a certain degree. If the problem may continue to exist after your product launch, and the need is urgent, you might consider releasing your product as a temporary solution. However, you should continue to refine it until it completely solves the problem.

    4) Will your product or service maintain market appeal?

    "Here today. Gone tomorrow." So goes the saying. Think for the long term when it comes to your product. You'll ultimately reap huge rewards while other products around you fade away.

    5) Is your product or service useful?

    No, really. Is it? Don't get beside yourself when answering this question. There are many products out there that folks can't justify spending one dime for. Other folks, for some reason, see those same products and they just have to have it. Either way, useful products and services are the ones that last.

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