Several thousand new products are introduced to the market every year. But sadly, majority of them fail owing to varying reasons. With so many products out there, it’s hard for new ones to stand out. That’s why it’s important to have a good strategy and plan in place for a successful product launch event.
Why a Product Launch is Important
A well-designed product launch event, if executed meticulously, can create excitement and awareness for your product. It’s not just about your team, but also about getting your suppliers, dealers, distributors, retailers, and most importantly, your customers on board. Showcasing your customer orientation during the launch event can help your product succeed.
Creating a Launch Strategy
To have a successful product launch, you need to have a clear strategy and plan. This should include objectives, goals, activities, teams, and responsibilities. When everyone is aligned and working together, your product launch event can achieve the desired goals.
Planning and Preparation
One of the first steps in planning an exciting product launch event is to make a checklist of all the tasks, responsibilities, and target dates. This will help you keep track of your progress and identify any issues that need to be addressed. Regularly reviewing the status of your plans and preparations based on the checklist will ensure a successful execution of the event.
Inviting Guests
Make a list of guests you want to invite to the launch event. This can include existing and potential customers, influencers, dealers, distributors, suppliers, industry leaders, and media personnel. It is a good idea to have a special guest, like a famous person, to attend, make sure to invite them well in advance and highlight their name in your communications. The celebrity guest can attract more participation. The more the participation of your invitees, the greater the chances of your event becoming a super success.
Choosing a Theme
Even if you already have a company brand and logo, you can design a separate theme for your launch event. The theme should align with your corporate vision and the positioning statement of your new product. You can hire the services of a creative event management agency that can understand your needs and design an appropriate theme. A theme-based event will add credibility to your product and corporate image.
Promotion
Promotion is key to the success of a product launch. Online promotion using social media platforms is effective and cost-efficient. Start with teaser campaigns to create excitement without revealing the product. Then, use revealer mailers to highlight the features of the new product. Creative and innovative marketing communication will generate buzz in the market and motivate more people to attend the event.
Video Communication
In today’s digital era, video communication is the most effective and cost-efficient way to promote your launch event, thereby your new product. People prefer watching creative short videos over reading text. A reliable corporate video production company can craft videos of creative invitation. Also make exciting corporate videos about your company, product range, and particularly the new product. Screen these videos during the launch event to keep your audience engaged.
Product Kit and Giveaways
Create a product kit that contains information about your company, product range, and the new product. Make sure it’s easy to carry and visually appealing. Consider giving away useful items like miniature models of your new product or branded keychains as reminders for your guests.
Unveiling the Product
During the launch event, make sure your new product remains the star attraction. Use the latest technology to unveil the product in style. An innovative event management agency can help you create an audio-visual experience that wows your audience.
Learning from Past Launches
Learn from your past product launch events and analyze similar events organized by your competitors. This will help you plan and execute a successful launch event. Innovation is key, so work with a tech-savvy event planner to make your event stand out.
MATChBOX – Corporate Event Experts (15 years of enriched experience)
MATChBOX, an Integrated Event Management and Communication Solutions Providing Agency, has 15 years of enriched experience and expertise in large corporate event planning and execution. Over 1000 events planned and executed by us for a diversified spectrum of national and multinational clientele PAN India stand testimony to our corporate event management expertise. Besides event management, our other major services include corporate AV, graphic designing, Branding/Signage, printing and corporate merchandising, which make MATChBOX a one-stop solution for event management. From pre-event promotion to post-event engagement, MATChBOX has established as a dependable concept to conclusion event management company. Team MATChBOX understands its client’s objectives, and comes out with result-oriented event management solution. With MATChBOX, you have everything you need for a successful product launch. Team MATChBOX is keen to join hands with you. We are just a call away.