Launching new products is an exciting time for a business. Multiply that times three and we have had big excitement at BioZyme® during the last 60-plus days. New products don’t just happen, but when they are finally ready to launch to the dealers and subsequently the end-users, we know that “care that comes full circle” has been implemented, and the benefits will be numerous.
Let’s explore some of the benefits to the customer and the business when a new product or service is introduced.
Introducing new products is vital to a company’s growth. Without new products, you likely won’t grow market share and your business might turn stagnant. New products demonstrate to customers that a business is not satisfied with the status quo and wants to grow. While the company grows, it often times creates a product that has been missing in the marketplace or can provide a solution to a common challenge in a particular industry segment.
Fulfill Customers’ Needs Developing and marketing new products shows that we care about our customers and are continually working to meet their needs.
“VitaFerm® Conserve™ was purposefully crafted with the producer in mind as an economical line of vitamin and mineral supplements for the beef cattle herd that complements our existing products during the times of year when reproduction isn’t the primary focus,” said Jack Oattes, Area Sales Manager, during an online introductory meeting to dealers about the new product.
VitaFerm Conserve is just one example of how a product will meet the needs of a customer base that we haven’t yet reached. It will allow producers who want to give their cow herd the Amaferm® advantage during a time when they don’t need a breeding mineral.
Stay in Tune with Seasonal Demands
May seemed like an ideal time to launch two new HEAT® products as both cattle and sheep producers were planning matings and getting ready to breed females and keep them bred through the summer temperatures. Timing is everything, and customers definitely notice when companies are strategic in these launches.
Build your Reputation
A company that creates new products or improves products is often looked upon by its peers and its customers as creative and innovative. Stand out from the crowd with your new products and be sure to share with your customers how these products will benefit their animals, and ultimately their own bottom line. We want our customers to know we care. We hear their needs and their concerns and when feasible, we create a product that we think will help them help their animals.
Part of your reputation and ours comes from the feedback we receive from satisfied customers. When possible, get testimonials from your customers that are using these new products, especially the seasonal ones and submit them to your ASM or the Marketing Team so we can use those testimonials next year when it is time to start promoting these products again. Remember, often times customers like to hear the success their peers had with a product.
New products equal big excitement! We’ve supplied the products, the resources you need to sell the products, now go share the benefits of these products to your existing and potential customers. The benefits are there for everyone!