How to Create a Successful New Product When 85% in the Market Fail

If you have taken the time to innovate a new product, obtain a patent and prepare for the mass production of your product, you understandably want your new product to be a raging success in the marketplace. However, approximately 85 percent of new products fail. Your goal may be to be to have one of the 15 percent of new products that turns into a fabulous success. While you have steep competition and many challenges in front of you to achieve this goal, you can easily position your product for the highest level of success possible by following these important tips.

Best Side Business Ideas to Start While Working Full-Time

Even with a relatively well-paid job, it might be quite hard to maintain the living standard you find suitable on a single paycheck. This is what makes a lot of people consider the idea of starting a side-business. The greatest problem with this, however, lies in the fact that such a project takes a lot of time, effort and resources, which makes it not so great for those who are already working full-time jobs. Still, for those who are determined to make all of this work, here are a few non-time consuming ways to create an additional source of revenue for your household.

$15 Million to Launch? How to Create a Profitable Product

If your and your team have come up with a brilliant product idea that solves a customer pain point, you’re on the right track. Transforming this into a profit-maker is a more involved process. On average, the cost of a new product launch is around $15 million. Before taking another step, you have to calculate the economics to determine what kind of profits you can realistically expect, and the best ways to deliver value to the customer.

What Can Digital Guerrilla Marketing Do For Your Business?

We all know that having an appropriate web design is absolutely crucial for any type of business. With a proper website, your business can reach unimaginable heights, but it requires some planning, organizing and some strategic skills. A website is very important, even on its own, but simply making it and hoping for the best is not a smart option. You need to make a marketing strategy so you can get the best out of your website and maximize its full potential.

Deploy Time Tracking Software for Better Productivity

Time tracking systems can assist you in boosting your productivity by showing you exactly where and how you spent all your time and give you better analysis and reports where you can be more efficient and save your precious time. Of course, there would be endless times “where did the time go?” and this is for especially for those people who try but can effectively manage their time.

Choosing the Best Time and Place to Reinvent Your Company

Running a business takes a lot of time and money, it also takes commitment and the confidence to know that your business venture is a good one. However, even with all of these things, you might find that after a few years, you are struggling to maintain the growth you once had. It is usually at this point that some businesses consider rebranding to try and bring a fresh face to their customers. Choosing the right time to do something so drastic can be difficult, so here are a few ideas to help you with your decision.

Seeking Stability: How to Reduce Threats to Your Business

When you start a business, you might not be aware of or think much of the potential threats to it. You might think those only happen to massive, famous corporations. In reality, however, that is not true.

In order to help bring about stability to your new business, take steps to reduce the following threats and the harm they can do your company.

4 Strategies to Help You Think Bigger & Take Your Business to New Heights

As a business owner, you have to constantly be on the lookout for ways to make your company better. If you are content where you are, a competitor is going to take your customers away from you eventually. Let’s take a look at some ways in which you can be proactive about creating new products or services that your patrons will love.

How to Secure your Office on a Budget

It’s true what they say – you can’t put a price on safety. Unfortunately, sometimes you need to do just that because organizing office security can be an expensive thing, especially for a new and small business.

With these few tricks you could make your office and overall business practices more secure even if don’t have a lot of money to spare. The most important thing you could do is to put systems in place that prevent security breaches from occurring in the first place.

5 Proven Ways to Deal with Small Business Competitors

A lot of people assume that competitors are out to destroy them. That’s why they see competition as a destructive force. Despite the mind games and dirty tricks that are connected with it, competitors are in business simply to get ahead of you and have more sales. 

If there is no competition, you may not work hard to create a niche for yourself. So, competition is good for business, but you need to learn how to deal with them decisively. Competition pushes you forward, and helps you to create quality products or services at lower rates.

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