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If you want to head into mass market retail, there are a whole lot of things you’ve got to think about. Timothy Bush joins Tracy as they give you some prep about retail. Timothy Bush is the resident Product Launch Hazzards expert in all things on the shelf of retail. Tim says one of the hardest things about retail in general is you’re never in the month you’re in. You’re never thinking about talking and dealing with and wondering about the month that you’re in. In fact, people that are just entering into Big Box retail, they don’t think in those terms. They think if the buyer says yes right now, that means you need to be shipping product now and it’s all going to happen now, but it’s not. Tracy and Tim talk about seasonal inventory planning and strategies and all the things that you need to know about retail.
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There is a concerted color trend every holiday season. Color forecasting is the science and math of choosing colors for the next season. You have to do research on this field for your product development, because we have said before, color is a big factor for consumers when making purchase decisions, especially during the fourth quarter holidays, from Thanksgiving, to Christmas, to New Year’s. It is indeed the most wonderful time of the year for retail. We are sharing our holiday 2018 color trend report with you, just in time for making purchase order decisions, scaling up your product inventory, and producing your marketing collateral as you gear up for this year’s holiday season.
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If you have a product, or are thinking of going into retail, your number one concern might probably be the length of time it takes to get your product to sell. At the end of the discussion, our resident Office Hours Expert Timothy Bush answers that number one question product launchers ask. He will not give you false hopes, but instead enlighten you with his full transparency on what it truly takes to get your products into big box retail. He dives into core sales and marketing information to consider and prepare for, which will mean the difference between product launch success and failure. Get in touch with Tim by sending your questions about product retail sales.
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Is your idea patentable? How can you tell whether something is patentable or not? Intellectual property attorney Jason Webb says one of the key pieces is you want to look at if something is appropriate for a patent or maybe appropriate to be protected in some way. For example, your branding, the name of your company, or the ends of your products are all protected under trademark. The books that you write, the art that you create, the songs or the videos that you put together, that’s all copyright things that you can keep a secret. They’re valuable because they are trade secrets. Jason teaches how to make a choice between protecting something with trade secret protection or patent protection.
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It takes a lot of time to get from planning, to sampling, to launching, to marketing. There are so many aspects to take care of in the product launch process, and it takes doing it in the right order to ensure success. Our goal here at Product Launch Hazzards is to make sure that everything you spend money and effort on as you make and market your product ends up as an asset, an not a liability. We will give you pointers on how you can make a feasible and sustainable research and design budget plan including how to incorporate intellectual property costs into it, especially when you are a startup developing a new product.
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From the publisher's feed
Explore the retail and ecommerce product launch formula to out-design, out-source, and out-profit your competition. New Consumer product launches are inherently risky, and the odds of success are…