Filed in archive
by Jim Logan on January 19, 2006

If your product or service has a history of under performing in the marketplace, here are five things you can do to determine if the dog hunts or you need to scrap your current offering and get a new one:
1. Offer it for free. If you can't give it away, you likely can't sell it. Take a prospect and offer to make them a customer using a trial of some sort with absolutely no risk whatsoever to them. Ask them to give a testimonial or endorsement if they are satisfied after an agreed period of time.
2. Change markets. If you can't sell it in the market you're in, move it to another market. Try a new prospect and see if your results and feedback change.
3. Change your position. If you market your offering as one thing, change your position and market it as another. For example, instead of marketing your offering as a money saving solution, market it as a money making one.
4. Find a partner. Sometimes you have a really great product that's half of a real solution. Seek a partner whose offering you can compliment or enhance with yours. Having a partner is better than having no customers.
5. Reconfigure it. Similar to repositioning your offering, maybe you're better off stripping it down and selling it as something different than you do today. For instance, maybe you have a business management solution that isn't selling, but an accounting module finds some interest. In this case, strip everything away but the accounting piece and sell it as a financial reporting tool.
There's five tips to get your started. What would you add to my list?
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/14113
Mr Wong
Vote for 5 Tips To Test An Underperforming Product Or Service:
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Rating: 10.00 out of 4 vote(s) cast.
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Response from:
Betsy Palmieri
(01/23/06 4:18am)
Thank you for these tips, especially the first one. A bracing dose of reality is often what's needed. Finding the right blend of idealism and realism is not the easiest thing in the world is it?
Response from:
Sanjay Kumar
(11/03/06 5:11pm)
Cool post. One thing I would add is: Specialize it for a niche.
http://www.simplifythis.com
http://www.simplifythis.com
Response from:
cindy
(12/03/06 8:02pm)
ready to test survey
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