“Of the thousands of ways you can promote your product, almost all of them fit neatly into one of the Promotion Mix channels. The Promotional Mix is where the rubber meets the road. It’s one thing to imagine that you have created a product your market desires; it’s another when you put your message to the test by engaging with real people.”
Excerpt of the Month from Lonny Kocina’s book,
There’s a logical order to marketing a new product. During the introductory and growth stages, people have no idea what the product is or what it can do for them. They need to be taught. Whenever a client comes to us with a new product, we caution them to be very cautious about jumping ahead because they’ve got to nail the first impression. Some promotional channels are better at reinforcing messages than teaching them.
In addition, revenue lags behind expenses. During the introductory and growth stages, money is tight. That means reaching lots of people and teaching them about the product has to be done inexpensively.
That’s why it’s smart to get all the publicity possible when introducing a new product. To create demand for your product, you’ve first got to teach people about its merits so they understand why they need it. Publicity is valuable at every point in the product life cycle because it reaches the masses; it explains what the product is and what it does. The reach of a media story is like telling your product’s story to a packed stadium. It’s like an endorsement on steroids.
Also, media coverage is probably much more attainable than you think. Our publicists are industrious and creative. They have arranged tens of thousands of product news stories so we have a good idea what the media is interested in.
Media coverage is the perfect tool for companies whose products are in the early stages of the product life cycle. Of course, not every product or service is worthy of media coverage. But most are. And while it can be very challenging to introduce a new product, it can also be extremely rewarding. We’d like to help you teach more people about what you offer.
Media Relations is recognized for helping our clients’ businesses to grow. We’ll help you leverage the resources of our full-service agency to tell a wider audience about your product. Call us at 952-697-5269 or complete our form. Let’s talk about the promotional tools that can best help you.