Typically, when product launch results are reported only the sales figures are mentioned. In some cases those results are six or seven figures and are very impressive. Still, it is a common misconception to think that your business is able to keep all of the launch proceeds. A smart business owner (like you) understands that a launch has execution costs and plans accordingly. Here is some additional perspective on some of the costs associated with a product launch.
The cost of copywriting. At the end of your launch you are going to drive your prospects to a sales letter, or sales page. Most business owners expect this cost and hire a copywriter to write it. What is often overlooked though, is the importance of email copy in a launch sequence. Writing email copy may sound simple at first, but the emails have to be scripted out, structured, and edited during the launch process. Have you budgeted the cost of copywriting in your launch? Is this an area where you need assistance?
The cost of joint venture (promotional) partners. The big launches you see online often have very heavy joint venture support. Those promotional partners are normally compensated with a percentage of each sale they make. The more promotional support you have, the more you sell, and the more you owe back to your promotional partners. This is a real cost of doing business and it is a fair trade to those who helped you increase your sales. Have you budgeted the cost of promotional partners into your launch? Who is managing that process for you?
The cost of a web support team. A well conducted launch has many support elements like blog installation, video host management, shopping cart connection, and web design. If you want your launch to flow smoothly for you and your potential customers, all of these items have to be coordinated well. How are you managing this process today? Have you outsourced any of these tasks before?
Yes these costs are "hidden", but they're not impossible to control. Now that you know what they are you can better plan for them in preparation for your launch. If it all seems a bit overwhelming a qualified product launch manager can help you limit these costs and secure success of your launch.
How to Sell Personal Development Products Online - A Reiki Case Study How to Do the Best Product Launch Choosing the Message of Your Product Launch Campaign How a Product Launch Manager Can Help You Take Your Business to the Next Level Three Tips on How to Market a New Product Review of Auto Click Profits
0 comments:
Post a Comment