Challenges in new products and services introduction.

[Ezzyoj]

The first challenge is customers orientation and building the customers based, another challenge is product development and quality, another challenge can be packaging of the products, another challenge can be the value of the product and price tag, and lastly, customers services relationship management

 

[Nicklas22]

Introduction of new products and services is very difficult because you don't know if customers would like it and you have to think about other people who are into production of similar products and services

 

[OderuMiracle]

There are so much numerous challenges and you will make it when your product are jenuine and you are here to stay

 

[Damismiling]

If indeed it is a great challenge to place a new product on the market. The main weapon is marketing, by means of which you are going to make the product known and try to reach the vast majority of the target audience, both online and offline. You must strive to make an attractive advertisement with the positive of the product and why people should have it.

This is the major challenges if new product and business, the customers are new to the product , you must take your time to convince them of the genuiunes of the product and why the should start patronizing you, this is not always easy as they have business they patronize before then

 

[Sariana23]

This is the major challenges if new product and business, the customers are new to the product , you must take your time to convince them of the genuiunes of the product and why the should start patronizing you, this is not always easy as they have business they patronize before then

As @Damismiling describes it, "you have to take your time to convince them of the awesomeness of the product." There may be times when you may think that you are not successful, but you must have patience and perseverance. Always insist with a positive mind, until the customer is hooked, he will be in charge of advertising the product for its quality.

 

[Sheyemanu]

I am of the opinion that you are definitely right, new products are facing serious challenges in the market but I think the economy is also playing a big role there also. If the people don't earn enough they will not bother to try the new product, also the product must be targeted to a particular set of people that are interested in the product

 

[jimmann247]

The type of product will determine the market to target, after knowing the market to target, you will now go into advertising on both radio, handbill and internet marketing, outlining the features of the product and why they should try out your products.

 

[Alexandoy]

Depending on the type of product and also depending on the type of store you can launch a marketing campaign either offline or online. For an offline campaign you can use the tarpaulin and if a big budgeted campaign you can have a billboard. For online campaign my suggestion is the social media. Hire 2 freelancers who will promote your product in Facebook, Twitter and Instagram. You can also hold a promo of your new product for an introductory prize or maybe a raffle for buyers.

 

[Ridorz]

There are so many challenges you face when you are trying to introduce new product in to the market, this is because the customers do not know about the product, so the will need enough convincing and also persuasion for the to try the product.

Yes, it can be a very difficult tasks for new product introducer to gain a heart of customers to buy the product. Because those customers have already have their favorite product. But if you use a good strategies to let them know why they must buy your new product, they will convinced to buy your product.

 

[WhiteHouse]

Absence of Benchmark/Benchmark Data-this is particularly evident on the off chance that you are building up a creative/advancement item that is not normal for anything on the lookout. That implies you will struggle benchmarking your item - in taste, value, size, and essentially all the other things. There will in all likelihood likewise no information for use in estimating your business volume, which implies you can only with significant effort conjecture your ROI. (Not that estimates for existing items actually are truly exact)

 

[Caali]

I think people are resistant to change, especially in tech, because they are comfortable with what they know. If they learn the benefits of the new service...

 

[Xerryl]

Recently, I came across a research study that revealed the 70% of startup businesses fails within the first 6 months of establishment. This isn’t a new thing and it’s a very normal phenomenon. The first attempt on getting introduced to a market isn’t always rosy. Failure is part of learning

 

[Sotherefore]

Such challenges can be overcome by trying as much as as possible to deliver the best quality service to people with this it will attract the attention of people who might be interested in your services to come and do business with you. I think this can help you and has helped a lot of people
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Such challenges can be overcome by trying as much as as possible to deliver the best quality service to people with this it will attract the attention of people who might be interested in your services to come and do business with you. I think this can help you and has helped a lot of people

 

[Psalmsavatar]

It's important not to assume that your current success means that you will automatically be able to take advantage of these opportunities. Every major move needs planning in the same way as a new business launch.

Watch out for being too opportunistic - ask yourself whether new ideas suit your strengths and your overall vision of where the business is going. Bear in mind that every new development brings with it changing risks. It's worth regularly reviewing the risks you face and developing contingency plans.

 

[Nurudeen]

One of the major challenges in introducing new products and services to customers in the market is that the customer most have adapted to one customer or the other and at times it will be very difficult for them to go along with a new products in the market

 

[Alee]

The relative stability of our NPD methods and the use of qualitative approaches may have been accepted had our success rate in the development and launch of new products been at acceptable levels. Unfortunately, despite marketing, operations,

 

[Youngdee]

The first challenge faced be a new product in the market is customer acceptability. It alway a very difficult task advertising and emphasizing the importance of a new product to consumers/ customers especially a brand that has competition in the market already. The second way to make a brand known is by reduction of price. Just like it is said economically the lower the price the higher the quantity demanded.

 

[afolabitope]

A new establishment business facing alots of challenges and those challenges can make them to fold up in a short period of time. Those challenges are : inadequate stable capital, marketing strategies, locations of the good customers, environment to locate the company.

 

[Profwriter]

Every new business will certainly have its challenges in entry into the market because of competitors and for the fact that you are not known, so the responsibility lies with you to convince the people that you have a good product.

 

[btaliat]

It is very task full to make newly goods and services acceptable by the public. The problems of advertising and creating awareness, enduring bad reviews and even try to survive the competition posed by the older companies. But all these can be won.