Login | Join Network
Lost Password

A password will be emailed to you.

Market your Product Faster

From pin to plane; you have a range of products that are scattered along the market. New products find a way to join the bunch and it’s the role of marketing to make them unique. Your product is no exception. A new or innovative product will reach the market but the real purpose is achieved only when the customer recognizes it from all the other available products. The customer has to express interest in buying it. If a sale is made, further marketing is done to repeat the sales by the same customers, while focusing on acquiring new customers.

Perhaps the real challenge of an entrepreneur is to market an invention or an innovation; a unique range of products that is newfangled to the customer. There are tools like copyrighting and patent rights to protect the innovation but a demanding situation arises when the entrepreneur has to make his inventions' presence felt in the market.

Here are a few points to assist you in marketing your invention -

  1. Buying books on patenting will help to an extent. However, your product has to make money as well. Hence, talk to the professionals in the field and recognize the scope of your product.
  2. Do a market research to find out whether there are products similar to yours. Also determine which type of market suits the best for the product.
  3. Know the target audience. Once you ascertain the target audience, your intention is to reach them.
  4. Share a rapport with other entrepreneurs and gather more ideas on marketing the invention.
  5. Draw the available resources together. Your resources should come in handy at any given point of time.
  6. Devise a simple yet effective business plan for the marketing strategies. Start from the scratch and eventually make it big.

Marketing an invention is tedious. You will be faced with many shortcuts plans for time saving and cost cutting. However, avoiding the temptation to make use of the shortcut plans will be beneficial in the long run. As an entrepreneur, you are the sole person to make the best of opportunities and make an impressive hit with the invention.

  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks
  • LinkedIn
  • PDF
  • RSS
  • email

More on Entrepreneur21.net:

Speed Pitching: Your Gateway to Better Sales
Often we hear businesses falling apart and the bla...
Gragg Advertising
Who we are Specializing in direct response strate...
Leverage Project Management to Deliver Information Technology
“Information technology and business are becoming ...
Ideas for Closing Sales Deals
Many entrepreneurs mistakenly think that making th...
David Song of ‘Irea Chemical Enterprise’ talks healthy paint
David Song, CEO of Irea Chemical Enterprise, in ...
Marissa Stewart - CEO Star Candy
Entrepreneur21.net showcase interviews of season...

Leave a comment

Disclaimer: All pages within GenMembers network are expressions of the opinions of the site operator only, and no representation of factual accuracy is being made. The content is intended to create interest in various topics for our readers, who are in turn encouraged to conduct their own independent research. This site is not related to: Entrepreneur Media, Entrepreneur Magazine, Entrepreneur of the Year, Entrepreneur's Partner, Hispanic Entrepreneur, Entrepreneur.com, Entrepreneurs.com Entrepreneur's Only, The Entrepreneur's Source, Entrepreneur's Notebook or any of the many companies that use the word entrepreneur in there trade name. Please see our website Terms of Use for further information concerning your use of the site.