Startups

How to Plan a Successful Product Launch

  • 4 min Read
  • August 14, 2017

Author

Escalon

Table of Contents

Not only is your staff excited, but you can’t wait to show your new product to the world.

Yet, for many startups, all the work goes into creating and developing the product and not in the launch.

To help you get ready, let’s look at how to plan a successful product launch so your new product takes off with momentum and fanfare.

Pre-Launch to Influencers



Your first step is to take your product to the influencers in your market. This may be bloggers, reporters or even some of your customers.

Send your product to them and encourage them to use your product and then write reviews.

You can also take a note from Apple’s playbook. They have the ability to get people talking about their new products before anyone has even seen one of them in its beta format.

Apple gets people all over the Internet talking about the products months before launch date, and all they’re doing is speculating.

How can you emulate Apple? Get to know the media in your market. Meet with them and send press releases – let them know what’s coming and hopefully they’ll take the bait and run with it.

Working with influencers helps you get the word out before your product launch and helps you move quickly.

Talk to Your Audience



We’ll assume that you researched your target market, and you and your team are fully aware of the needs of your target customer, which is why you developed your new product.

Your next step is to talk to your audience. The goal of your launch is to tell your target audience just exactly how your product will change their lives or at least make them better.

You don’t want to talk about the product – you want to talk about how it affects your customers.

For example, if you’ve launched a new GPS mapping system, don’t get caught explaining the features.

Do get caught telling your target how each feature improves their chances of ending up at the right location and how your customers don’t have to push any buttons because the whole system is voice activated, also making it safer to use in the car.

Go out of your way to point out each feature and frame it in such a way that shows how the feature solves your customers’ problems.

You’ll find your customers are more excited and eager to try out your new product once you’ve explained to them that it will improve their lives in some way.

Remember to focus on the people and not just the product.

Host an Event



An event is a great way to launch your product.

It’s sure to get you some press, you can use tools such as Facebook Live to promote it, and you can invite the press, influencers, current customers, and your target audience.

Take Pre-Orders



This helps you build buzz months in advance of your product launch.

Consider entrepreneurs on Kickstarter. They start generating buzz the minute they post their products because they are also taking pre-orders. This gives validity to their product while building buzz.

It just might do the same for your product launch.

Plan Your Marketing



Involve your product team with your marketing team in the early stages as you plan your strategy. You’ll find that your product team has a lot to offer in the way of information.

Then, you want to make a plan that includes the following:

  • Press releases
  • Visits with media and influencers
  • Teasers
  • Social media
  • Email marketing
  • Pay-per-click ads including social media and Google AdWords
  • Your website
  • Videos – these can be product specific, but you definitely want to include some that grab your target audience – they can be funny, thought-provoking or emotionally compelling
  • Events
  • Live Video
  • Trade shows
  • Webinars and white papers

Final Thoughts



Follow the steps mentioned here to get started planning your successful product launch.

Review your analytics on an on-going basis, test your promotional channels, and revise/adjust your strategy as necessary.

Continue with your product marketing well past launch day to keep the buzz alive and encourage more customers to make a purchase.

Are you a new startup ready to succeed? Are you looking to get your new business off the ground and watch it rise to success? We are here for you. We can help answer your questions and guide you through the process. Outsource your HR duties, finances, payroll and more to us. Contact Escalon today to get started.

Image: Tim Mossholder on Unsplash

Talk to our team today to learn how Escalon can help take your company to the next level.

  • Expertise you can trust

    Our team is made up of seasoned professionals who bring years of industry experience to the table. You gain a trusted advisor who understands your business inside out.

  • Quality and consistency

    Say goodbye to the hassles of hiring, training and managing in-house finance teams. You will never have to worry about unexpected leave of absence or retraining new employees.

  • Scalability and Flexibility

    Whether you’re a small business or a global powerhouse, our solutions scale with your needs. We eliminate inefficiencies, reduce costs and help you focus on growing your business.

Contact Us Today!

Tap into the latest insights from experts in your industry

Accounting & Finance

Common Accounting Mistakes That Cost Medium-Sized Businesses Millions 

Accurate accounting is the bedrock of any successful business operation. Yet, medium-sized businesses—those that have grown beyond the small-business stage...

Read More
Taxes

1099 vs. W-2: How to Ensure Compliance and Reduce Risk 

Distinguishing between independent contractors (1099) and employees (W-2) is a pivotal compliance matter for U.S. businesses. Misclassification can result in...

Read More
Accounting & Finance

Capital Raising in Spring: How to Position Your Startup for Investor Interest

Spring symbolizes renewal, making it an apt metaphor for startups aiming to secure fresh capital to fuel their next growth...

Read More
uncategorized

Spring Clean Your Payroll: Essential HR Best Practices for Scaling Startups

Payroll is more than just issuing paychecks—it’s a complex, high-stakes process that can significantly impact employee satisfaction, legal compliance, and...

Read More
Accounting & Finance

How to Leverage Q2 Financial Data to Drive Startup Growth in the Second Half of the Year

For startups seeking sustainable growth, every quarter provides a treasure trove of data—but Q2 data can be particularly revealing. By...

Read More
Accounting & Finance

Q2 Business Planning: Adjusting Your Financial Strategy for the Rest of the Year

By the time Q2 rolls around, many startups have a clearer picture of their performance and market positioning compared to...

Read More
People Management & HR

5 Key HR Challenges to Address Before Summer to Keep Your Team Engaged

For many startups, the summer months can be a dual-edged sword. On one hand, warmer weather and looming vacations can...

Read More
Taxes

How to Maximize Your Tax Deductions: Essential Tips for Startups in Q2

Tax season often triggers stress and complexity—especially for startups laser-focused on building products, acquiring customers, and scaling operations. Yet savvy...

Read More
Startups

Mid-Year Financial Checkup: How to Assess and Adjust Your Startup’s Budget 

The halfway mark of any given year is more than just a date on the calendar; it’s a valuable checkpoint...

Read More