According to a leading American agency Media Relations, 30,000 new products are launched every year, and a whopping 95% of them fail. That’s because most of the companies are so obsessed with creating the perfect product that they completely overlook the product launch aspect until it’s too late in the game. Organizations need to prepare a marketing plan that includes new product launch ideas to both teach and reach the masses.
Product launches are pivotal for any business as it sets the ball rolling for sales, development and brand perception. In this blog, we’ll look at some of the best product launch ideas that not only generate new customers but also result in brand recognition. After all, brand awareness and recognition are as important as getting new customers and should be one of the goals when collating product launch ideas.
Watch 17 Best Product Teaser Video Examples To Draw Inspiration!
Top Ten Powerful Product Launch Ideas
Table of Contents
- Top Ten Powerful Product Launch Ideas
- Product Launch Idea #1: Social Media Teaser Campaigns
- Product Launch Idea #2: Use Influencer Marketing
- Product Launch Idea #3: Take Pre-Orders
- Product Launch Idea #4: Plan a Creative Product Launch Event
- Product Launch Idea #5: Plan and Host Contests
- Product Launch Idea #6: Build a Story Around Your Product
- Product Launch Idea #7: Make It About the Users
- Product Launch Idea #8: Use Countdown Timers
- Product Launch Idea #9: Use Print Media
- Product Launch Idea #10: Reward Brand Advocates
- The Untold Story of Under Armour
- H&M’s Levelling Up the Style
The main aim of any product launch idea is to garner maximum public attention without burning a hole in your pocket. That is why social media has become the go-to option for marketers to create a buzz about their product. According to reports from Emarketer, social media users were likely to reach 2.55 billion by 2017.
With such a staggering number of users on social media, it only makes sense to plan a teaser campaign for your product. A teaser campaign on platforms like Twitter and Facebook is the best and the most affordable way to let the masses know that something thrilling is coming soon from your brand. It is advised to launch the campaign at least 20 to 30 days before the actual product launch to ensure enough buzz is generated on social media.
Influencer marketing is one of the best product launch ideas used by businesses worldwide. That’s because a study by Tomoson proves that influencer marketing is the fastest growing online customer-acquisition channel, outperforming SEO and email marketing. The study shows that more than 70% of businesses are generating $2 for every dollar spent, with the top 13% making as much as $20 or even more! Influencers have credibility and significant fan following that can sway the perception of any brand. Businesses are using them for marketing their upcoming product, requesting influencers to write about the product on their blogs, websites or social media platforms. Read more about influencer marketing
Download Detailed Brochure and Get Complimentary access to Live Online Demo Class with Industry ExpertProduct Launch Idea #2: Use Influencer Marketing
Digital Marketing Expert?