Post by account_disabled on Mar 6, 2024 4:18:20 GMT -6
The Maybe you serve a particular niche market maybe you and your staff bring a unique set of skills or maybe you offer a broader range of addon services. Also think about where your product fits in the product lifecycle. This is not a new concept as you can see from this Harvard Business Review article but its remained remarkably unchanged as other business fads have come and gone. Here are the four stages that products go through Market development Growth Maturity Decline For some products like hitech.
Gadgets that lifecycle can be very Country Email List fast for more traditional products it can be much slower. Describe what stage your product is in and how long you expect it to take to progress through the various stages. And that leads on naturally to the next question When your current main product goes through its natural lifecycle into decline and ultimately death what else have you got in the pipeline Or what research are you doing to come up with those followup products If youre stuck for ideas try this tutorial How to Create a Product Roadmap Thursday Bram Dec One final thing If you hold any patents or other intellectual.]
Property you should also mention them in this section. Market Analysis Now that youve described what youre selling you need to focus on who youre selling it to. The idea of the market analysis is to describe your customers. Who are they how many of them are there and how many can you expect to get That starts with the big picture what and how fast is it growing Then define your target market a smaller segment of the overall customer base within your industry to whom you plan to sell your products or services. Youll need to do some market research for this section if you havent already. Try to get figures on how much money your target market spends on your kinds of products and services.
Gadgets that lifecycle can be very Country Email List fast for more traditional products it can be much slower. Describe what stage your product is in and how long you expect it to take to progress through the various stages. And that leads on naturally to the next question When your current main product goes through its natural lifecycle into decline and ultimately death what else have you got in the pipeline Or what research are you doing to come up with those followup products If youre stuck for ideas try this tutorial How to Create a Product Roadmap Thursday Bram Dec One final thing If you hold any patents or other intellectual.]
Property you should also mention them in this section. Market Analysis Now that youve described what youre selling you need to focus on who youre selling it to. The idea of the market analysis is to describe your customers. Who are they how many of them are there and how many can you expect to get That starts with the big picture what and how fast is it growing Then define your target market a smaller segment of the overall customer base within your industry to whom you plan to sell your products or services. Youll need to do some market research for this section if you havent already. Try to get figures on how much money your target market spends on your kinds of products and services.