{"id":4823,"date":"2019-04-17T10:17:16","date_gmt":"2019-04-17T17:17:16","guid":{"rendered":"https:\/\/www.peerspace.com\/resources\/?p=4823"},"modified":"2024-08-21T10:06:58","modified_gmt":"2024-08-21T17:06:58","slug":"how-to-plan-product-launch","status":"publish","type":"post","link":"https:\/\/www.peerspace.com\/resources\/how-to-plan-product-launch\/","title":{"rendered":"How to Plan a Successful Product Launch"},"content":{"rendered":"\n<p>Your company has been working hard and has just finished a new product that you\u2019re getting ready to introduce it to the world. While you may be tempted to draft a short press release and let that be that, know that this is insufficient. Big products deserve big plans, which is where a well-executed product launch comes in. This will involve unified messaging and efforts to generate momentum, both of which will translate into higher sales for your company. There\u2019s a lot that goes into pulling off a successful product launch though, and we\u2019re here to guide you through the process. Our guide for how to plan a product launch will walk you through all of the details and moving pieces that you\u2019ll need to stay on top of, and soon you&#8217;ll be enjoying your awesome launch event. <br><br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Understand your purpose<\/h3>\n\n\n\n<p>Of course, you want your product launch to garner attention and boost sales, but you need to be thinking about some specifics beyond this. Is this just about increasing media coverage or consumer awareness? Is the goal simply to jumpstart product distribution? Knowing your endgame ahead of time lets you put your launch team on the right tasks, whether that\u2019s preparing for a trade show, planning a large media event, or holding an event that invites direct participation from the public. Understanding these goals helps you target the right audience and craft a consistent marketing strategy, both of which are essential to planning a successful launch event.<br><br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Beta test your product<\/h3>\n\n\n\n<p>Before you get too heavily involved in how to plan a product launch, do some serious beta testing. This is especially important for digital products and services that you can update before your launch date. Select a group of customers and give them early access to the product for the purpose of evaluation. Make a detailed report from their feedback\u2014find out what customers love about your product, and what needs improvement. Do this well before launch so you have time to tweak the finer details. This will go a long way toward ensuring your launch is received well by the public and that initial customer reviews will be positive. Crowds are just as apt to form snap judgments as individuals, and first impressions are key. <\/p>\n\n\n\n<!-- Begin Peerspace Banner -->\n<div class=\"banner\">\n  <div class=\"banner-text\">\n\n    \n    <h2>Book the perfect product shoot location.<\/h2>\n\n    \n    \n    <p>\n      Peerspace makes it easy to book the perfect product shoot space. Browse our location library and enjoy no-hassle bookings today.    <\/p>\n\n    \n    \n    <a href=\"https:\/\/www.peerspace.com\/plan\/product-shoot\" target=\"_self\" class=\"button white cta-segment cta-banner\">Find product shoot locations <\/a>\n\n    \n  <\/div>\n  <div class=\"banner-image\" style=\"background-image: url('https:\/\/www.peerspace.com\/resources\/wp-content\/uploads\/popup-retail-eclectic-venue.webp') ;\">\n  <\/div>\n<\/div>\n<!-- End Peerspace Banner -->\n\n\n<h3 class=\"wp-block-heading\">Get a jumpstart on planning<\/h3>\n\n\n\n<p>With so much to do, it\u2019s important to start your product launch planning well before you intend to make the big announcement. There are several pre-launch steps you can follow to build anticipation for your product. Firstly, reach out to influencers and bloggers with a preview of the product. This gives them a chance to give their audiences a preview of what you\u2019ll be offering and raise the profile of your company. Hopefully this creates some organic buzz. Secondly, you should brief industry analysts early as well. Like influencers, analysts have their own audiences that will be interested in knowing what your company is doing and how it will affect the business world at large. And thirdly, use social media to tease the product, or even stage \u201cleaks\u201d to create a sense of intrigue and anticipation around your upcoming launch. <br><br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Write your press release<\/h3>\n\n\n\n<p>As you\u2019re working through how to plan a product launch, be sure to have your press release prepared. This way, you\u2019re staying on top of your messaging and you have material ready to go as the launch day approaches. This also gives you plenty of time to revise your approach. If early drafts of the press release don\u2019t sound very interesting, you have plenty of time to change your approach and ensure that you\u2019re communicating the value of your product effectively. There are plenty of free press release templates online you can use as a model, but it also may be valuable to study the press releases used by other companies that have successfully launched new products. <br><br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.peerspace.com\/\">Choose a location<\/a><\/h3>\n\n\n\n<p>Finding the perfect location is one of the most important elements of how to plan a product launch. A successful launch is a tricky balancing act between proximity to your target audience, a space with appropriate size and facilities for your launch, and an aesthetic that reflects your company and the product you\u2019re announcing. With so many variables, choosing a launch site can feel overwhelming. <a href=\"https:\/\/www.peerspace.com\/\"><strong>Peerspace<\/strong><\/a>, the world&#8217;s largest online marketplace for meeting and event spaces, is <em>made<\/em> to ease this kind of headache, so we&#8217;d suggest you check us out first. With venues of all sizes and styles, you\u2019re sure to find a unique, dynamic space for your product launch that you likely wouldn&#8217;t have access to otherwise. You can also often get A\/V, furniture, and catering through specific Peerspace venues (saving you from dealing with a dozen different vendors), but if you need to you can also use our <a href=\"https:\/\/try.peerspace.com\/services\/\">Concierge<\/a> service. The Concierge team exists to help you line up any services you need for launch day. Let us do the heavy logistical lifting so that you can focus on planning and designing the stuff you care most about.<\/p>\n\n\n\n<!-- Begin Peerspace Banner -->\n<div class=\"banner\">\n  <div class=\"banner-text\">\n\n    \n    <h2>Book the perfect product shoot location.<\/h2>\n\n    \n    \n    <p>\n      Peerspace makes it easy to book the perfect product shoot space. Browse our location library and enjoy no-hassle bookings today.    <\/p>\n\n    \n    \n    <a href=\"https:\/\/www.peerspace.com\/plan\/product-shoot\" target=\"_self\" class=\"button white cta-segment cta-banner\">Find product shoot locations<\/a>\n\n    \n  <\/div>\n  <div class=\"banner-image\" style=\"background-image: url('https:\/\/www.peerspace.com\/resources\/wp-content\/uploads\/Bright-White-Storefront-with-Stylish-Amenities-chicago-rental-1.webp') ;\">\n  <\/div>\n<\/div>\n<!-- End Peerspace Banner -->\n\n\n<h3 class=\"wp-block-heading\">Incentivize attendance <\/h3>\n\n\n\n<p>Telling the story of your company and your product isn\u2019t the only purpose of a launch event. You also need to show customers how your product addresses their needs, or provides them with a service they didn\u2019t know they wanted. You have to justify your place in the market. This often means offering people who attend your launch event an exclusive, hands-on experience with your new product. And, as we all know, not every product is a major revolution in the business. This is okay\u2014there\u2019s still value in holding events for evolutionary products that offer incremental improvements over their predecessors. But if this is the case, look for other ways you can make your event stand out and be enjoyable for your guests.<br><br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Execute your product launch<\/h3>\n\n\n\n<p>When you\u2019ve prepared a great product and ironed out all the details of the launch, there\u2019s nothing left to do but have a great event. Make sure your sales team is organized and on-message so that they\u2019re prepared to talk to customers on the day of the event. Project plenty of confidence when you\u2019re interacting with customers, and be sure you know everything there is to know about your product. You\u2019re sure to get plenty of questions, and you want to be able to answer all of them. Most of all, be sure to enjoy the day. It should be a celebration of your company\u2019s success and an enjoyable experience for everyone attending. With plenty of planning and forward thinking preparation, you\u2019re sure to have a great product launch. <br><br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><em><a href=\"https:\/\/www.peerspace.com\/\">Find a unique space for your product launch on Peerspace<\/a><\/em><\/strong><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>Your company has been working hard and has just finished a new product that you\u2019re getting ready to introduce it to the world. While you may be tempted to draft a short press release and let that be that, know that this is insufficient. Big products deserve big plans, which is where a well-executed product<\/p>\n","protected":false},"author":1,"featured_media":5480,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_title":"","_yoast_wpseo_metadesc":"Our guide for how to plan a product launch will walk you through all of the details and moving pieces that you\u2019ll need to stay on top of.","footnotes":""},"categories":[431],"tags":[19,73,13,1171],"cohorts":[1312],"class_list":["post-4823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-events","tag-corporate-event-planner","tag-corporate-events","tag-events","tag-how-to-plan"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Plan a Successful Product Launch - Peerspace<\/title>\n<meta name=\"description\" content=\"Our guide for how to plan a product launch will walk you through all of the details and moving pieces that you\u2019ll need to stay on top of.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Plan a Successful Product Launch - 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