The price needs to be attractive to customers as well as make you a profit. Product launch – before setting a date for your launch, you should determine how you will sell, promote and support your product or service. It is important to get it right the first time, but remember that any decisions to delay your launch should be balanced against the danger that your competitors will beat you to market. Many entrepreneurs spot a gap in the market and start businesses that provide a product or service that fills it. Whereas selling started out as designing a product and bringing it to market, learning more about customers means that the focus has flipped. Rather than make the product, some fashion and apparel businesses choose print on demand to produce their clothing in the beginning.
- Another business model in this space is “drop ship” – here the company is