Product Marketing Tips

66

By telecommuter

 Having decided on a niche market to enter is not the difficult part of selling products as some sales orientated businesses do not follow the most important part of marketing a product.

You have all heard the saying of selling the sizzle and not the steak before. This is the most important aspect in ruling your niche market.

The most important factor to remember in any marketing based company or business venture whether it is in the real world or an online business venture is that customer buy on meotional value that satisfies a need or solves a problem. There are of course small incidences where a customer will buy a product just because their friend or neighbour has one and this is hype.

We are going ot look at an alarm system product as an example.

An alarm system is quite a mundane item to have in your home or business and serves no real cosmetic value whatsoever and so does not really matter how it looks to the consumer.

The functionality of the alarm system will be of utmost impotance in solving hte need for the product. Having lots of color glossy pictures in a brochure is worth less in the marketing scheme of things than providing a concise description of its functions and usability.

The same applies to showing the system having so many ultrasonic heat sensors and motion detectors, glass breaking sonic detection devices, panic buttons and a 120 watt siren with an armed response team link will do no good either.

The customer will want to know what these individual items will do to solve a need.

So how do you analyse your product

Each product in the marketplace will fulfil a basic fundamental need or it would not have been designed and putinto production in the first place.

To truly capture your market, you will need to find out what need and want this product will satisfy and by focussing the attention on the need, the consumer is able to relate their unique set of circumstances to the product. It si at the tipping point whereby the consumer is unable to determine why they do not need it or how much better off they will be with the product, that they decide to buy the product.

There are some abstract reasons whereby these products will not only solve a need , but will provide another form of satisfaction. The ability for the product to serve its purpose and function may be only part of the buying reason. The other part of the buying decision is based on the commercial merit of the products manufacturer.

Some people will distinguish in terms of quality by following trends in design and marketing of well known manufacturers and name brand product houses. An example may be used whereby a big screen tv is classified by its manufacturer and may not be the cheapest on the market, but is the name brand that the consumer will believe to be the best they can buy.

This consumer decision become more a lifestyle choice as they are already sold on the idea of the need to own the particular product, but can be swayed by the brand offering. By offering variety on these particular types of products or by offering the same niche products, but under their different branding styles may be simpler than trying to source a new niche market to enter.

By remembering the way in which the consumer searches for products, your marketing strategies will be so much easier to design and less time will be spent in your research processes.

Please leave a comment and rate this before you go.

Good luck in your business and product marketing. 

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