Challenges in new products and services introduction.

[Sincerem]

Introducing a new product into the market is very challenging. If the packaging is not criticized,the quantity of the product will be criticized. Then amount will also be criticized. The way out of this is to have a market survey done before going into the market so has to know what to expect and how to deal with any situation that surfaces.

Lots of critics and sometimes negative reviews will be made around the new launched products. We need to be ready when launching the new products, to answer customers queries, and ways to convince them about the quality of the newly launched products.

 

[Eodine]

Just taking a look at the survey that stated that more than 60℅ of new start ups businesses don't exceed one year. This shows how difficult it is to create a market product which is why new start ups should have back up for cash flow as money is another determinant for terminating a business.

 

[Setho]

One of the most complex things about being in business or as a product developer is the fact that it is nervous to release a new products for fear of backlash or low patronage. You should first make sure the products shape and colors are not offensive and not harmful then you should do a lot of release testings first.

 

[Dowenship]

You know when its come to challenges of making a new product not services to gain ground you need a lot of money to advertise. Why not services is because as long your service solve a problem the challenges are limited.
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In every stages in life we face challenges, and business challenge is just another level to deal with because the core challenge is the emotion which is the most difficult challenge to deal with

 

[Hopey]

New product a lot of challenges in the market system. It takes a lot for a product to be accepted in the market. Being able to convince customers to substitute the old product

 

[Cash%]

There are some new products that needs more of advertising and you need to work for it interms of marketing incase you are looking to get more customers

 

[joy101]

The new challenge in a product or services, you should never give up unto a person make profit in a business, for the new product you have to advertise on your product on social media.

 

[Ayokex]

It is absolutely not an easy thing introducing a new product in to the market. There are forces out there which the product will have to encountered, such the existing product, acceptance by the customers etc.

 

[Good-Person]

Introducing a new product can be challenging, as new products always have to compete with old and stable products that have already captured the market. However, audience targeting can make your job easier. Let's say if you are a chocolate manufacturer, then your audience should be children, as they are more likely to buy chocolates than adults. This way you will make marketing easier.

 

[Yaqoob Habib]

Always first competitions and challenges the boy it is generally accepted by the group of people or consumers nevertheless a good businessman should not give up until he make profit out of the business.
Social media advertisement and marketing can help in the process.

You can have difficulties in starting any new business or products.Because you have to face many challenges to launch any new products

 

[Ehizzy1]

Competition have been a set back too ,many new business that launched their product back then ,are faced with too much competition which they can't withstand and they end up closing the business

 

[Felixko]

There are some many challenges an entrepreneur do face when introducing a new product. But to me, the first challenge you face when developing new products is choosing a concept that has potential. A good idea is only a first step and often isn't viable because of cost, production difficulties or regulatory limitation

 

[FreshKaz11]

A new product launch is highly challenging, no doubt, a new product launch can make you nervous as the big dark cloud of challenges that can hurt your product launch surrounds you. Launching a new product is definitely challenging, and only two in ten new products manage to survive in the market for more than a year. Bellow are common new product launch challenges
1, Brand messaging and product positioning
2, Audience Targeting challenge
3, marketing the launch challenge
THere are no Fail-Safe solution that can guarantee a successful product launch, but with our little experiences, we will stand a better chance of making our products successful.

I think for a new product to go and last well in the market,the owner of it will take take some certain step,one by tagging most prominent business owner to is brand and the lunching of the product should be the one that he or she will invite almost all the knowable brand products owners as well.

 

[Bigabigs]

In introducing a new product or service into town for the very first time, there are other existing products and services like yours already, you will have to outsmart these ones to make headway. Not easy

 

[GIFTMICHAEL]

Their are too many factors that hinders business level of sales. If you aren't dealing on the products that attracts customers, when you're unable to reach out to targeted customers, location of the busines etc.

 

[richee84]

There are always challenges in introducing new products and services to the market. Producers have to spend heavily on advertisements and promo to penetrate the market. Promo and publicity will help the service to get market recognition if the product and service is of good quality.

 

[Setfragil]

There are always challenges in introducing new products and services to the market. Producers have to spend heavily on advertisements and promo to penetrate the market. Promo and publicity will help the service to get market recognition if the product and service is of good quality.

I totally agree with you, there will always be challenges in our everyday business. We will have to deal with employees challenges on how to get the right employees to do the job role the way we want it. Markets challenges is also there on those who will help with the products distribution.

 

[Kunkun]

One of the major challenges a new product faces is trust in the new product because people already have their own favorite already, also there is also the issue of pricing which would go a long way in how well a new product or service does

 

[nimzy]

Most of the new products produced and brought into the market by it marketers faces alot of challenges in the sense that some one will challenge the quality of the product with the existing product in the market and drawing conclusions is a feck.

 

[tyrim88]

It is not easy to just break into the market just like that with a new product or services.The acceptability is not there yet,and you have to do some more promo and give away,before you could get some trusted customers.But consistency is what will keep one going.