A Rebel Marketers Tool

New products are definitely exciting project endeavors because there are so many aspects to the development process from the initial idea to the final product launch. Recently, I've been working with a client on two new product ideas they will be bringing to the market within the next two years. We have made some initial sales forecasts and production cost estimates based on research and analysis and their experience.

During the weeks of the exploratory research the customer went back and forth with establishing a product priority. Considering the struggle they were having with some of the necessary decision-making required I determined it was time to flow-chart the production process.

A Greater Understanding

Some of you may be reading this thinking "why would a marketing consultant be talking to a client about flowcharting a production process?" New product development requires a greater understanding, a 30,000-foot view and a hands-on view. Having someone who can bring the product from concept to completion and understand inputs and outputs along the way is critical a successful launch. New product development is more than a slick out bound or in bound marketing launch.

Flowing charting is a valuable marketers tool to capture the process, equipment needs, human inputs and outputs, downtime, raw materials, etc. Working with the customer we used the tool for each product the customer was evaluating. The resulting diagrams gave the customer a picture of all that was involved and options they could take with each product.

In the end they were able to put together a strategy that will give them greater long-term profitability of the new products and prioritize the product launches.

Decision-Making Tips

1. Gather all your new product market research data

2. Analyze, review and analyze again

3. Step away from the data

4. Flowchart the process

By following these tips the customer gained a greater insight into the human inputs required for each product, additional needs they had not thought about previously and gave them options that eased their decision-making.

When developing new products what have you done to help with decision-making during the process?

Thanks for reading.

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Don F Perkins's Gravatar All the information in the world is useless unless buyers know what to do with it. This fact escapes many in the consulting and sales businesses it seems. Clients may love what we have, but in order to get it in house, they have a tremendous amount of obstacles to deal with internal to their organizations.

I wrote about this a bit in my Mindmulch.net blog: http://bit.ly/eP3ltz

Whoever is willing to help their clients by facilitating their decision making process is bound to differentiate themselves from the pack and win a lot more business.

Good form!

Don F Perkins
htt://mindmulch.net
# Posted By Don F Perkins | 4/18/11 12:25 PM
Charlene Andersen's Gravatar Don,
You are correct, all great information amounts to nothing if not implemented and that requires decisions. Thanks for the comment and link to your post.
# Posted By Charlene Andersen | 4/18/11 1:55 PM
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