DESIGNING THE RIGHT PRODUCT FOR YOUR MARKETPLACE

Written by Jeff Williams


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When you are trying to figure out your desired customer, put yourself in their shoes and think about what needs would motivate you to buy your product or service. There are usually two or three primary needs your product or service can satisfy and several lesser needs. When starting your product/service design, it is critical that you use your market research to focus onrepparttar primary needs and wants of your prospective customers.

> The Product Description Worksheet

As we discussed earlier,repparttar 106031 successful new business owner first surveys potential customers to identify their wants, needs and dissatisfactions. Questions about bow often they buy, how far they would travel to buy, how much they might spend for your type of product or service are also asked.

You then separaterepparttar 106032 facts gained into groups, such as: pricing, packaging, location, assortment, etc. to organizerepparttar 106033 information in preparation for beginning a custom design of your product or service. You will make assumptions aboutrepparttar 106034 potential customers behavior and come to some conclusions about how you can present yourself as someone who will respond to their needs and wants.

To help you put together your product design strategy, you can userepparttar 106035 fill-in worksheet below.

* Instructions:

1. Learn in detail 5-6 wants/needs of your target customer. 2. Add information from library research, trade associations, etc. about customer demographics, location, buying behavior, etc.. 3. Takerepparttar 106036 profile you are creating and decide what specific product/service features this leads to. Express each feature as a user benefit - you must satisfyrepparttar 106037 age-old demand of potential buyers: "What's In It For Me?"

Product/Service Description Worksheet

Customer Want/Need Product Feature User Benefit 1. 2. 3. 4. 5.

Jeff Williams worked for big business for years, until he decided to take his career in his own hands by establishing his practice as a small business trainer and coach. For those seriously considering self-employment, he is pleased to offer his free, monthly telegroup: "Are You Ready To Leave Your Job?". Register at: http://www.bizstarters.com/ready2leave.cfm Jeff may be reached at 847-593-5305 or by e-mail at: jeff@bizstarters.com


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