How to Release New Products

Posted March 19, 2008 in Innovation, 10 Comments »

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You build a new product.

  1. You'll think the world will love it.
  2. You release it.
  3. People hate it.

Your company's reputation suffers.

You cry.

What to Do Instead

Instead of releasing your product to the masses, test it on a sample population.

That sample population will give you an idea if the masses will like your new innovative offering.

Who does that type of testing?

  • Movies do it with sneak premieres.
  • Big companies do it with product tests.
  • Fast-food joints do it with specials at several locations.
  • Web application shops do it with beta tests.

It's simple inferential statistics: you take a small sample to represent the larger sample.

(That's how Nielsen predicts TV ratings.)

If the the sample population likes the stuff, what would that mean?

That'd mean the population at large would probably enjoy it as well! Hooray!

And if you don't get great responses, you'll have sweet insights to tinker your product.

You'll Get Great Feedback

Since that small test population mirrors the population at large, you'll get insightful feedback on how to improve your product for the masses.

For instance, you'll get answers to:

  • How can we improve our product?
  • What do you think about the selling price?
  • What did/didn't you like about the product?
  • Would you recommend this product to a friend?

Getting answers from your sample population helps you produce sumthin'-sumthin' to attract the masses more effectively.

HIGH-FIVE!

How big should your sample size be?

Use this handy calculator.

Make sure your test population mirrors the demographic market you want to target.

That will help you infer if your product would really be a success toward your intended client base.

First, sample up.

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10 Comments on How to Release New Products

Как да лансираме нови продукти

Posted @ 01:50 AM on March 19, 2008

[...] Как да лансираме нови продукти Тази микро-статия е съставена от Тодор Христов , публикувана е на 19.03.08 at 08:03 и е записана в категория Иновации. Post a comment or leave a trackback: Trackback URL. [...]


Filip Cherecheş-Toşa » Cum lansat produs nou

Posted @ 02:04 AM on March 19, 2008

[...] Citit asta și fost de-acord. [...]


Floroskop

Posted @ 02:53 AM on March 19, 2008

Hello!
I think this try.


hooray!

Posted @ 07:07 AM on March 19, 2008

[...] [...]


Steve the bastard

Posted @ 08:27 AM on March 19, 2008

I realized you can get your beta version of the product out there faster if you release a small subset of it to a small population, so you can be sure you are going down the right road...

And you can also determine if your thoughts and expectations of your target market are correct from this small sampling.

If you know WHO your target market should be, then you should be able to know where to find them, and how to entice them to participate in your beta test.


How to successfuly launch a new product — imediaEdge

Posted @ 12:43 PM on March 19, 2008

[...] Many times it happens to launch a product without getting feedback from your target audience. A nice article about this here [...]


Demetrius Pinder

Posted @ 02:39 PM on March 19, 2008

Amen to this! I noticed this with my company, www.GetNoticedfirst.com. GNF is an online career portfolio that allows users to manage their resume, cover letter, portfolio, references and thank you letter online! I created this tool after I graduated in 2004 and it's SOOOOO hard GETTING NOTICED!

Customers get access to the site, a basic career website in which they control and an Interactive CD in which they have to burn. Using Flash, Coldfusion and XML, you can do great things (and no, I'm not afraid of telling the world my business model because the more they know, the better your chances)

So hard in fact that I've changed direction. I am doing the following: my gf told me that the current site looks like the second page of a website! she knows little about the Web and yet, she broke it DOWN in a sentence! (God I love this girl!)

So, redesign, rebrand and reprice! Forget offering the ability to write your resume and forget giving people yearly access. I have a fresh and simple (yet silly) design coming, I am using interns to get the word out there (aka, my little brothers) and charging folks ONLY $10 FOR LIFE.

Yeah, For LIFE suckas.

I mean, how much money do I need to make?

The game has changed peeps! We are the future. It's adapt or die! People want technology that is easy, useful and CHEAP.

Seriously, ask yourself, how much money do you NEED to make?

For me, a couple mill will do. Just around 5 mil. That's enough for me to sit back, chill out and enjoy my life.

I take this same approach with my customers (i offer web/computer services in Delaware as well. FULL-TIME mind you. (www.RideGroupLLC.com) and I have to tell ya, it's paying my bills.


Scorpiono

Posted @ 06:01 AM on March 20, 2008

i cry!


The Trizle Team

Posted @ 12:44 AM on March 21, 2008

Wow, thanks for really awesome comments everybody -- and for the trackbacks. Really awesome input.


pathwaytomysoul.com » Blog Archive » I’m on FIRE and so are you.

Posted @ 03:29 AM on March 21, 2008

[...] I read this great blog called www.Trizle.com almost daily. They have some of the most awesome blog postings on Web 2.0, productivity, etc. in which the comments are some of the most real comments I have ever read. So, I took it upon myself to copy and paste my verbose, yet real second comment and put it on my blog. Hey, I have that right! [...]


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