Product Life Cycle and Business Planning

Product Life Cycle and Business Planning

Product Life Cycle The life cycle of a product that begins from the moment it is imported and sold in the market. recommend products to people until leaving the marketing cycle Like a rising and falling graph The time period depends on the rhythm of popularity, feedback, business push. depends on many things

4 cycle phases

- Introduction (Introduction) When we make many adjustments Until they are at the point of being confident that they can present their products to the public. It is very important to prepare various investment plans. in advance before launching the product Make as much push as possible so that the product can be popular in the market.

- Growth (Growth) during the time the product is released to the market. Start growing by becoming known. Start having regular customers or have more new customers It's time for us to start having sales. May start to compete with partners by organizing promotions that are more worthwhile, interesting, attracting customers. Improvements should be made. Change the packaging to look beautiful. fit the festival Start expanding and look for new channels to sell.

- Saturation (Maturity) when our business starts to stagnate. The product is still available for sale but did not have as much influx as during the growth period

- Recession (Decline) During the period when sales decline, social trend customers become interested in other forms of products, the method is to hurry to release the products. By hitting the market for regular customers who are already interested in the product or improve the product meet customer needs or eventually canceling the sale

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Details of online marketing services

>> https://www.chatstickmarket.com/langran

Examples of various brands that we take care of online marketing

>>https://www.chatstickmarket.com/portfolio

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