Test sampling of your own product might actually improve sales

Test sampling of your own product might actually improve sales


Testing the idea

New firms would be advised to do some test sampling of their new product or service before making large-scale commitments. For manufacturers, anything involving plastics could involve considerable expense in tooling, so market testing by means of mock-ups, visuals or models would be sensible. But you must be realistic. Having been involved with inventors for more years than I care to remember, I have lost track of the times I have had to inject some realism into new offerings. Belief that you will succeed is one thing: blindness to obvious faults and over-estimating demand could be fatal.

A pre-production run, produced if necessary by hand, or a small batch run, can be shown to potential wholesalers, agents and consumers. Most box makers will produce a sample range on condition they receive a proper order in due course. Dummy boxes can be coloured up. Surveys can be made, either by the time-honoured method of stopping people in the street or loaning for 'wear tests'. Be wary of small samples. Statistically, they are suspect. Try and get a genuine cross-section of your target audience or pick up every tenth person to work the law of averages. Questionnaires needs to be carefully framed. Award points that can be taken off the forms and totalled.

Almost everything about the product can be tested before it is launched on the market. eBay is good for testing the market as the spec and offer can be varied immediately, once you have a loyal customer base. Response to different formulae can be measured swiftly. Items that change frequently can be listed on a website order form (eg organic food suppliers) and the likely take-up gauged at once.

The same applies to advertising. Try it in a small way first with one paper or journal before booking space in six and running a campaign. The major companies do it by ITV region - one step at a time. A big advantage of direct mail is the in-built ability to test different headlines, offers and names with a quick response before doing a major posting. It is far cheaper to change a pilot production than a full warehouse. Market research should be continuous. Never forget that customs and uses change, so keep in touch with your customer.

Spotting new markets

The internet has of course generated an explosion of new ventures and will change our shopping habits dramatically. Theoretically the world is your market, provided the goods or expertise can be shipped economically. More serious marketeers believe that the internet works best when combined with others forms of promotion - you still have to promote the site, so it should not be used in isolation. Part of the continuous research must be to look out for new markets as they appear. Don't rely on all your customers staying with you for ever. It is generally recognised that we have increasingly become a divided society with the rich richer and a growing underclass: those with little or no pension provision.

From a marketing, not social, point of view suppliers have to chase and adapt to meet different needs. In some parts of the country crime has rocketed, which is bad for the robbed, but does offer selling opportunities to the security industry, ranging from locks to rape alarms. Increasing worries about food purity and allergies have given a boost to small specialist food producers that runs from the growers to restaurants, while increasing disenchantment with conventional medicine has likewise been beneficial to alternative practitioners, herbalists, vitamin suppliers and therapists of every description.

Legal Disclaimer

Our website is not responsible for the information contained by this article. Articleinput.com is a free articles resource thus practically any visitor can submit an article. However if you notice any copyrighted material, please contact us and we will remove the article(s) in discussion right away.

Note: This article was sent to us by: George F. Allister at 07152010

Related Articles

1. How to place advertisements where your audience is likely to see them
Think of a customer The most important principle to grasp in advertising is placing the advertisement where most of your target audience is likely to see it. Th...

2. What is erosion and how does it affect you marketing strategy
Erosion - the numbers game A popular area for small firms is the 'Postal Bargains' slot in many papers, but research on response is hard to come by. I have carr...

3. Which advertising agency to choose for my business
Using an advertising agency It stands to reason that those who are designing ads every day of the week should be able to come up with better ideas and layouts t...

4. How can I design my own ads for my business
Design your own ads Despite the obvious advantages in going to an agency, many of you will design your own copy, particularly when just starting in business. I ...

5. How to approach your customers directly and make sales
Where the profit lies The only reason for adopting a direct approach is to make more profit. The response to direct mail is often quoted as between 1 and 2 per ...

6. What are the benefits of direct mail and how to use them properly
It might be thought that with such high penetration of the internet, direct mail has had its day, but far from it. The average UK household receives significantly less ...

7. PR issues your business must deal with
PR objectives All your PR activity should have a planned objective. Think of the people whom you wish to influence: they are your target audience in the same wa...

8. Sell to others like you would sell to yourself
People who buy people The first rule of selling is to sell yourself. If you don't like meeting people and learning what makes them tick, you'll never enjoy or b...

9. How to get to show your business product to every potential buyer
How to get past the personal assistant Cold calling (ie without an appointment) is rarely rewarding. Buyers are busy people who generally abhor door knockers. Y...