Business People Club

Search All Topics !

How to develop a new product?

0 like 0 dislike
266 views
by Camella

new product

New product development is one of the most important components of product policy and product management. Product lines and products are appraise and are positioned effectively. Brand decisions are taken wisely. For a higher level of growth, a firm has to look beyond its existing products. A progressive firm has to consider new product development as a cardinal element of its product policy.

Innovation is the essence of all growth. This is especially true in marketing. In an age of technological advancements, change is a natural outcome --  change in food habits, change in expectations and requirements. Any business has to be vigilant to these changes taking place in its environment. People always seek better products, greater convenience, newer fashion and more value for money.

A business firm has to respond to these dynamic requirements of its clientele and these responses take the shape of new products and new services. Through such a response, the firm reaps a good deal of benefits. New products become necessary from the profit angle too. Products that are already established often have their limitations in enhancing the profit level of the firm. Profits from products decline as they reach the maturity stage of their life cycle. Thus, it is necessary for business firms to bring in new products to replace old, declining and losing products.

New products become part and parcel of the growth requirements of the firm and in many cases, new profits come to the firm only through new products. New products can be broadly classified into two groups: new products arising out of technological innovations and new products arising out of marketing oriented modifications. The first group involves innovations leading to intrinsically new products with a new functional utility behind them. The second group involves mere marketing oriented innovations in existing products; it gives rise to new versions of the existing products.

Advertise With Us

Create and Manage Your Sponsored Content

Promote Your Products and Services

 

  • Niche Categories
  • Flat Pricing
  • Unlimited Views
  • Sell Products
  • Highlighted Sponsored Post
  • Sell Services
  • Promote Causes
  • Reply To Customer Inquiries
  • Build Backlinks
  • Promote Affiliate Links
  • Instant Notifications
  • Build Author Profile
  • Cancel Anytime
  • Get Started

Your comment

Your name to display (optional):
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please log in or register.

1 Comment

0 like 0 dislike
commented by Steve Owens
If you would like to know how NOT to develop a product see:

https://www.finishlinepds.com/top-10-reasons-why-product-development-p

Related posts

0 like 0 dislike
0 comments 343 views
How To Advertise And Build Brand-Name For A Product Online

According to the research of authors Al Ries & Laura Ries, there are 22 immutable laws of branding to build a product into world- ... don't you try to speech-up your business by online advertising?

image
by HuggingDuck
0 like 0 dislike
1 Comment 288 views
How to know if Your New Product Qualify For A Patent?

How to know if Your New Product Qualify For A Patent?

by PerfumedNecromancer
0 like 0 dislike
1 Comment 229 views
0 like 0 dislike
1 Comment 213 views
0 like 0 dislike
0 comments 253 views
66 Ways To Promote Your product or Services

Some guru sells his program because he has 60 ways of marketing. One Dentist was asked about his marketing he said he had 100 ways and ... . It will be at least 2 pages with a lot of information.

image
by PositiveVoid
0 like 0 dislike
1 Comment 307 views
How to find a Restaurant Equipment Supplier Crucial for New Restaurant Owners ?

How to find a Restaurant Equipment Supplier Crucial for New Restaurant Owners ?

by PlushSeal
0 like 0 dislike
1 Comment 151 views
How to Develop Content Rich Teleseminars?

How to Develop Content Rich Teleseminars?

by Hawkward
0 like 0 dislike
0 comments 1,554 views
7 Questions Consumers Ask Before Buying Your Product

1. What's the deal? Customers want to know what they are getting into before they open up their wallet. One of the best ways to ... , they'll just forget it... and you can kiss your profit goodbye.

image
by Hawkward
0 like 0 dislike
0 comments 189 views
17 Important Points To Consider Before You Hire A Law Marketing Consultant

As we fast approach the new year, many firms are preparing to launch their 2006 marketing efforts. If you're thinking about hiring a ... only a few, you may be reading comments from his in-laws.

by PlaySeal
0 like 0 dislike
0 comments 329 views
8 Ways to Avoid Litigation When You Sell a Business

Based on recent litigation storm clouds, business owners planning exit strategies better batten down their legal hatches. As a ... to minimize your litigation risks and reap the benefits later.

image
by TwinNut
0 like 0 dislike
0 comments 160 views
4 Inexpensive Ways To Turn That Old Booth Into a Sparkling Oasis

Is your trade show booth beginning to show its age? Have people seen your booth so many times that you've gone way past ... them now to automatically update the look of your trade show booth.

by CheeryGrin
0 like 0 dislike
0 comments 207 views
5 Ways to Have a Sound Postcard Marketing

Postcards, if used wisely, can be a great marketing tool. It can transmit your business' information by just hand transfer. It is ... Use them to keep the customers and making them return for more!

image
by BouncyOracle
0 like 0 dislike
0 comments 201 views
5 Pillars To A Successful Home Business

- Hustle: Generally, people who make it big have one thing in common-they are dissatisfied with the status quo. They will not take ... and effort. Be aware of what message your body is sending off!

image
by Robottom
0 like 0 dislike
0 comments 238 views
7 Tips to Starting a Successful Small Business

Getting a small business off the ground is challenging to say the least. Here are some tips which will prepare the ground for ... this? Understand that in every problem there is potential for good.

image
by Mosquiche
0 like 0 dislike
0 comments 156 views
Business Tools to Help You Run a Successful Business

When setting up a business, even the best prepared among us will struggle to do everything and remember everything. It is very unlikely ... to get the right tools will pay off time and time again.

by VirtualAssassin
0 like 0 dislike
0 comments 157 views
Purcahse Order Financing - A Tool to Finance Your Growing Orders

Do you have more purchase orders than what you can handle? Is lack of financing preventing you from fulfilling those orders? One of the ... as the tool that can help you close those orders and grow.

by BunBunny
0 like 0 dislike
0 comments 274 views
A Simple Strategy to Increase Profits

In today's competitive business environment it is essential to find ways to reduce costs and increase revenues while keeping ... dedicated and productive team. And that will equal profits.

by SleepyFledgling
0 like 0 dislike
0 comments 176 views
4 Tips To Build A Content Site With More Repeat Visitors

On the internet, content is known as "the king". People visits a site not for the flashy graphics nor the wonderful website designs, ... ! Content is king, and you can take benefit from it easily!

by PlaySeal
0 like 0 dislike
0 comments 198 views
3 Lifesaving Tactics to Stay Afloat In a Constantly Changing Marketplace

Let's face the facts... old-fashioned marketing tools aren't going to keep your business a growing and prosperous entity in ... take your business under. Stay afloat with these proven tactics.

image
by PositiveVoid
0 like 0 dislike
0 comments 301 views
Three places to find new clients without a lot of work

1. Don't ignore your own "Acres of diamonds" - ask your existing clients to refer some of their family, friends and ... potential clients by providing a quality product or service that they need.

by LovableStorm
0 like 0 dislike
0 comments 222 views
Ideas For New Products And Inventions

How many new products and inventions can you dream up with in thirty minutes? At least a few if you know the techniques of ... also thousands of other new products and inventions waiting to be made.

by HarshThunder
0 like 0 dislike
0 comments 310 views
New company? Boost your credibility and trust!

It is very hard to be "the new guy in the block", since in most of your interactions you will have to try leave good first ... try to look big. Try to serve customers the best way you can!

by Explorer
0 like 0 dislike
0 comments 175 views
What to Look For in a New Franchise

Want to buy a franchise opportunity? Great idea! Here is a high-level overview on what to look for: Operating History - A ... of re-sales relative to the total number of franchises in existence.

by HairySeahorse
0 like 0 dislike
0 comments 327 views
Free Advertising Tips - How to Write Ads that Sell

If you are interested in free advertising you are not alone. The fact of the matter is that more and more people are diving ... a bit of practice you will be creating free advertisements that convert!

image
by Knighttime
0 like 0 dislike
0 comments 243 views
How To Effectively Market With Video On The Web

Online video publishing has indeed taken the Internet by storm in recent years, making the use of video for marketing, promotion ... video communication through video publishing & sharing on the web.

by HairyFoal
0 like 0 dislike
0 comments 171 views
Top Internet Marketing Blunders and How to Avoid Them

Internet marketing can be a tricky business if you do not know what you are doing. That is one reason that so many marketing beginners ... and have a link to your e-mail address on the home page.

by GraveGrass
0 like 0 dislike
0 comments 208 views
Top Internet Marketing Blunders and How to Avoid Them

Internet marketing can be a tricky business if you do not know what you are doing. That is one reason that so many marketing beginners ... and have a link to your e-mail address on the home page.

by Dingopher
0 like 0 dislike
0 comments 174 views
How To Learn Internet Marketing and Make Money From Home

Are you searching for a way to make money from home? Well, if you are at all computer-literate, you should consider ... have been transformed from a total newbie to an accomplished internet marketer.

by HarshThunder
0 like 0 dislike
1 Comment 194 views
How to convert visitors into subscribers?

How to convert visitors into subscribers?

by PlaySeal
0 like 0 dislike
1 Comment 239 views
0 like 0 dislike
1 Comment 226 views
0 like 0 dislike
1 Comment 199 views
How to choose your next corporate event planner?

How to choose your next corporate event planner?

by Wallaby
0 like 0 dislike
1 Comment 189 views
How To Welcome Your New Employees?

How To Welcome Your New Employees?

by Dingopher
0 like 0 dislike
0 comments 319 views
A Successful List Means Profit Increase

It is a tough world out there, especially in the world of cyberspace. The internet has brought with it many technological innovations, ... way and your profits will start seeing their way to the sky.

by Butcherry
0 like 0 dislike
0 comments 481 views
Plant a Seed and Watch Your Business Grow

Do you have all the business you could possibly want or need? If you're like me, you're still growing your business. Marketing ... into action...and watch your business grow by leaps and bounds!

by nicejone
0 like 0 dislike
0 comments 330 views
Build a strong business with strong customer relationships

Most businesses spent time attracting customers to a product or service, trying to win their trust and then ending the whole process with ... with them. If you neglect them, they will go elsewhere.

image
by Cybora
0 like 0 dislike
0 comments 358 views
A Right Media Mix Can Make the Difference

Branding is no longer simply about visual appeal (or the cherry in the apple pie example, as given in my earlier ... compare, select and confirm purchases, connecting brands and their experiences.

by VirtualAssassin
0 like 0 dislike
0 comments 172 views
4 Instant Tips for Running a Successful Internet Business

Running an internet business is not a difficult task; but running a successful internet business can be a bit more difficult. There ... business, but to be successful you will have to be determined.

image
by AfternoonFay
0 like 0 dislike
0 comments 238 views
10 Tips for a Successful Entrepreneurial Pitch

One of the hardest presentations to make is the entrepreneurial pitch. You have a great idea for a business and you want someone ... and keep improving your pitch and eventually you may get funded.

image
by PerfumedNecromancer
0 like 0 dislike
0 comments 194 views
10 Quick Tips For Creating A profitable List

Building and maintaining a high quality list of subscribers is vital to any marketers success. Let's go over some of the most important ... do well working on the Web and building your opt-in list.

image
by Conjursa
0 like 0 dislike
0 comments 192 views
5 Tips For Developing A Website For Your Audience

Developing a website is important if you want to be a player in ecommerce. However, you don't want to just develop a website any old ... your site's message, so it is beneficial in a variety of ways.

image
by HistoryGuy
0 like 0 dislike
0 comments 154 views
9 Marketing Credos for a Thriving Business

1. Differentiate or Die! You Must Stand Out From the Pack. Don't become another me too option for your prospects to choose ... for you. © 2005 Online Marketing Muscle -- All Rights Reserved.

image
by Octopixy
0 like 0 dislike
0 comments 286 views
10 reasons for starting a profitable home business online

It's possible to start a home business online with very little outlay and you can easily earn from $100 to thousands per day. 1. You ... and ties unless you want to wear them, but that's your choice.

image
by SleepyFledgling
0 like 0 dislike
0 comments 167 views
The 10 Super Unfair Ways of Making Money Online Even If You Don't Have A List Yet

Do you have a product so good you want everybody to know about it? How about generating more profits from it? If you want the answer ... steps above, take action now and do it today. To your success.

by Tabooccaneer
0 like 0 dislike
0 comments 335 views
Starting A Small Ecommerce Business

With a little knowledge, skills, and determination, anyone can start an ecommerce business. In this article, I'll go ... marketing, shopping comparison websites, email marketing, and joint ventures.

by Robottom
Connect with us:
...