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Looking ahead, the long-term:
Marketing new inventions and new products is quite different
than marketing established ones. There is a whole new set of
guidelines to employ. You’ll discover that large, established
companies are generally not very good marketing partners, but
there are plenty of smaller ones eager to be your partner.
You
will probably not be the marketing expert with your inventions
like Ron Popeil is with his (Pocket Fisherman, rotisserie and
others) but you must understand invention marketing and you
should know what marketers in the field of your invention are
looking for.
What you will learn:
There are many different roads to profit:
- The entrepreneur’s market; serving the niche
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Four marketing strategies - defensive, offensive, out-flanking
and guerrilla warfare
- How to mass market on the internet
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What niche marketers look for
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How to qualify invention potential through sales research
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Price elasticity and Market pull-through
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How to determine retail, wholesale prices
- Buying influences–serving two or more customers
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Applying PQM in the marketing department
- Expanding sales through licensing and private label
- Sales plans and financial forecasting
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