When Is Your Product Ready to Launch?

Space Shuttle LaunchMany of our clients are passionate entrepreneurs and CEOs with brilliant ideas and products. Our role (or process for?) in bringing products to market begins as soon as we engage with a prospect. Below are five of the typical questions we ask each of our clients before we set a launch date and begin planning. If you are thinking of launching in the near term, ask yourself these questions to ensure you are fully prepared, before you make the investment in a launch and open the flood gates on PR activities:

  1. What is the value you offer to customers/users that no one else can provide?
    When launching any product the media and influencers covering the market will want to know what makes you unique. Be sure to do your market research and have at least 2-3 differentiators you can point to that set you apart from the competition.
  2. Who are your competitors? (Note: everyone has them)
    Competition comes in many forms. Direct competitors like Microsoft and Apple are to each other for example, and indirect competitors that are in a position to capture your market. These may be smaller players entering the space, with similar products, or larger players like Google that have a potential to erode your market share with a future offering currently in development. Reporters will ask and if you don’t have competitors in mind, they will find them for you. Be sure to know your position in the market and defend it with your differentiators.
  3. Have you beta tested? What references/user benefits/highlights can you talk about?
    Reporters and influencers will be interested in hearing about your product from your company spokesperson, but they will want proof that your product serves a real customer need. Hearing actual use cases from your customers adds needed credibility and increases your chances for positive coverage. Be sure to build positive relationships with your customers and have 2-3 in your back pocket that you can offer to the media as needed.
  4. Do you have an articulate spokesperson?
    Media training is an essential component to ensuring your launch messages are heard and understood. Be sure your company executives are well trained and prepared for media interviews and can convincingly articulate key messages concisely, enthusiastically and consistently. If not, consider holding a messaging session to refine messages, followed by media training for your key spokesperson. This should take place well in advance of the launch date.
  5. Can you confidently demo the product to media?No matter how articulate your spokesperson is, if the product has bugs in it and isn’t ready for primetime, your media coverage will certainly suffer as a result. Be sure to build a solid demo, highlighting the strongest features of your product, well in advance of launching. If your product is difficult to demo in a short time frame, consider building a product video demo/or screencast that can be sent to media to insert into their posts or articles.

Were these tips helpful? Are there any other questions you would add to the list? We look forward to hearing your thoughts in the comments below.

Image Credit: cosmobc

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