1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
Business or Entrepreneurial questions? BizWarriors is completely FREE - paid for by advertisers and donations. Click here to join today! You can now use your Facebook or Twitter account to regsiter or login. If you're new to the BizWarriors Forum, we highly recommend that you visit our Guide for New Members.

Need Help

Discussion in 'Planning Your Business' started by innov8, Sep 27, 2016.

Share This Page

  1. innov8

    innov8 Member

    9
    1
    1
    Hey whats up Entre Fix?

    this is my first post and I'm excited to be here. If I posted in the wrong column or did something I wasn't suppose to please forgive me.

    Anyways, I have an product that has yet been created. I could marketed it too a specific demographic, make it strong, and valuable to them or I can simplify it and sell it too everybody. When going about this and launching a new product, what is the best way (if theres such one) to go about it? i.e. that the first product I make be my price point and generic or do I make one and target a demographic for it.

    Thanks guys
     
  2. VirtualGlobalPhone

    VirtualGlobalPhone Moderator MVP Member

    417
    145
    43
    @innov8 ; welcome to entrepreneurfix.

    Very ambiguous question without much info. Whats the product you want to create and sell ?
     
  3. innov8

    innov8 Member

    9
    1
    1
    Not really. Imagine this for an example..

    You could specialize it for one demographic and make it meaningful to them or you launch the product, bland and plain so everyone can use it. The "ball was created for many purposes but also for everyone. So whoever invented the basketball, dialed down the demographic.

    Does this make more sense? If it doesn't thats okay. I appreciate the time and answers from everyone, its a learning experience for me.
     
  4. azgold

    azgold Moderator MVP Member

    801
    280
    63
    @innov8 - hello and welcome to EFix!

    I'm no expert but if you know you have a highly targeted audience for your product, I'd stick with that. I don't know what your product is but perhaps you could modify later, make it more generic to sell to the masses.
     
    innov8 likes this.
  5. VirtualGlobalPhone

    VirtualGlobalPhone Moderator MVP Member

    417
    145
    43
    @innov8 ; I get you.

    Thanks for clarifying.

    One normally tend to fulfill demand (By developing product / services) for himself first and then in and around of the place / city / state / country and then goes global. The key is knowing of the demand is very very important!
     
    innov8 likes this.
  6. Emma Clark

    Emma Clark Member

    3
    0
    1
    Hi innov8,
    In my opinion, the platform where you will find your target audience, you can sell there.
    Thanks!!
     

Share This Page

Loading...
Similar Threads - Need Help Forum Date
Just started a new business - need help with the math? Financing Your Business Mar 23, 2017
Need help with brand name to start! Planning Your Business Mar 18, 2017
Are you Planning an e-Business or e-Service? Do you need help? Planning Your Business Mar 16, 2017
I run a product based business and need help on margins and profit.... Introductions Mar 5, 2017
New guy! Need help to start! Starting Your Business Jun 27, 2016