Marketing a new concept

Many new products or services  have evolved from previous models, but what happens when something genuinely novel comes along? Inevitably customers will start off being unaware of the product's existence, so they won't be searching for it on the internet. They may not even appreciate there is a need for this product and so will not recognise any benefits at this stage. The first marketing task is to develop an awareness amongst the target audience that you now have a better answer to products with which they will already be familiar. This may not be just a better product, but a new way of achieving something. The next step in the process is to develop comprehension so that they not only know you have a new product, but what benefits it offers them. There is an educational job to be done now in either changing the current market perceptions, or developing a whole new market. Some innovations can change entire industries such as the introduction of quartz based clocks displacing clockwork movements and the impact this had on the Swiss watch industry. The music industry has recently had to face not just a change in format such as the move from vinyl to CD for the delivery of the product, but digital delivery through downloads that bypass the established route to market. As a pioneer in a new market it is important to identify and target the early adopters and opinion formers - in short those that others will follow through recommendation or imitation. This stage of the marketing task is about both reaching the right target group and in delivering the educational message in the appropriate form. These tools can be many and varied from seminars and training to strategically placed informative articles, press briefings and white papers. But education is still not the end of the story as potential customers need to convert their new found understanding into a conviction that your product is right for them and then to take some positive action in contacting you as a prospective customer. The Ralph Waldo Emerson assertion that 'build a better mousetrap and the world will beat  a path to your door' depends on your prospective customers knowing you have a better mousetrap and your location. And this is where a well planned and executed marketing plan is essential.