The Adventure Of How To Market A Product For Sale
Jan. 31, 2010 No Comments Posted under: General News
You might say I learned how to market a product by a process of trial and error, mostly error. I don’t feel like I’m bragging too much when I say I have been called a visionary more than once. Most people see me as an innovative and forward thinking designer. No one sees me as particularly practical, however, and practicality is a big part of what product marketing is all about. I never really bothered to think about product launches or publicity. I would send out a few press releases, market my product through word of mouth, and assume that it would sink or swim on its own merits.
I wear many hats, and being a small business owner is only one of them. I was marketing my own inventions as a comfortable little sideline in the hopes of one day striking it rich. I took flop after flop in stride, figuring that the time just wasn’t right. Making new and innovative designs was not enough to secure me financial success. I had to take it to another level by trying a marketing expert for my creations.
I think she had pity on me when we first met. She was one of the premier regional experts in how to market a product, and didn’t really need to work with me. Nonetheless, we bonded pretty quickly and I think she saw something innovative and promising in some of my design work. She did something almost unheard of in the industry. She agreed to do all the marketing work on spec for a cut of the profits. I guess like me, she did not really need the money. She made me her project.
In the end, it turned out very well for both of us. She used her product positioning skills to make me a lot of money, and she got a sizable cut of that money. I didn’t exactly get rich, but I certainly came out of it pretty well off, especially considering how I started. If she had never come along with her knowledge of how to market a product and her connections, I never would have gone anywhere. Best of all, I forged a long term business relationship with someone I really trust and admire.
This entry was posted on Sunday, January 31st, 2010 at 2:26 pm and is filed under General News. You can leave a comment and follow any responses to this entry through the RSS 2.0 feed.
