Product Launch Best Practices
Go East has experience with both business-to-business and business-to-consumer product launches. While many of the product launches we have worked on have been successful, some of them have been painful from a planning standpoint and in attempting to meet much-too-early deadlines. Often by the time an agency is brought in to work on a launch strategy and creative execution, it is too late to back out of already committed deliverables and to-market deadlines. The graphic below is a good representation of the steps a product launch needs to complete in order to be successful. Many people believe that once the product is launched, the process is over and success is immediate. Unfortunately, this is not the case.
FOUR PILLARS FOR A SUCCESSFUL PRODUCT LAUNCH
- Assign dedicated resources
- Avoid overcommitment
- Implement scientific process
- Leverage collaboration tools
Ramping Up
In many cases, product launch strategy development begins too early. Sometimes R&D and marketing are working on product claims, key features and benefits while product names are still under development and packaging is incomplete. It’s the cart-before-the-horse scenario. Of course, unforeseen exceptions can creep up but, for the most part, all of these situations should be completed to allow enough time for the strategic and creative processes to successfully drive deliverables, meet timelines and ensure a successful launch.
Once the details are worked out, it’s important to assign dedicated resources to those who can deliver a consistent, integrated plan of attack – resources that have the brainpower to carry the product launch into the marketplace. You want to grow your business by communicating the product’s value proposition, which will also reflect on internal and external partners and your bottom line.
Strategy and Planning Development
Working with dedicated resources who have the knowledge and expertise needed is a huge gain for you, as well as your product’s success. Make sure your resources work together to deliver consistent, integrated messaging and imagery.
In today’s marketing strategy development, your resources should be able to deliver on multiple touchpoints and strategies, whether it be interactive, advertising, public relations, social media, etc. All touchpoints should be considered from the start and chosen or eliminated based on your audience. Try not to over-deliver, but look at the big picture and hone in from there.
Go in for the Kill
At launch, deliver with a splash, a pop and a bang! Make it well-known that this product is at the top of its game and, depending on whether it’s a business-to-business or business-to-consumer launch, hit your audience hard by being on brand, on message and on time with deliverables.
Keep in mind you need to be communicating to internal and external resources, keeping them in the know on what is happening and when and how it is happening. This will be appreciated by those involved.
Evaluate, Evaluate, Evaluate
So, once you launch the product it’s all said and done. Or is it? Have you measured results? What key points can you take away from the launch? What have you learned, both pro and con, which should or shouldn’t be implemented in the next product launch? Have you debriefed all involved, both internally and externally, to regroup and share experiences? These are key factors in delivering a successful launch.
Source: “Four Pillars for Product Launch, Best Practices from World-Class Companies,” by Rick Sklarin and Ling Gee, Crimson Consulting Group.


Like








