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Taking Imaging
Products to Market |
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Pacific
Photonics offers a full range of marketing services for imaging products. In addition, we can help
locate and qualify technical vendors who can supply the parts and
processes critical to your product. We can develop technical sales
force training materials and present them. And we
can facilitate integration of current and proposed regulatory
requirements and standards into your designs and
marketing strategies.
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Market
Research
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A brilliant idea flawlessly converted into
an elegant product but lacking a receptive market is only a design
museum exhibit. Products can fail for large or small reasons -
timing, price, usability, compatibility, appearance, reputation.
Market research is difficult and often inconclusive for genuinely new
concepts but skillful examination of postulated markets and the buyers
who might constitute them can often uncover serious barriers not
immediately obvious. Perhaps market research can't guarantee
success but it can often identify avoidable paths to failure. We
can assist in your market research with
- Research Planning
- Determine which research
elements are appropriate to your product - surveys, literature
studies, sales histories, competitive analysis, focus groups and the
like and select experts as necessary to execute each of these.
- Competitive
Analysis - Identify and survey competitive offerings,
sales strategies, pricing history, and customer reactions and
forecast the next moves of competitors.
- Demand
Forecasting - Analyze past buying patterns and project
these into the future using published and purpose-collected data and
potential changes in related behavior.
- Market
Segmentation - Separate the total market into coherent
segments based on cost, application, maturity, company mindshare,
geography, and other discriminating factors.
- Influence Identification - Determine what external factors -
regulatory, cultural, supply, financial, professional,, technical - must be
understood and accommodated to facilitate market entry.
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Product
Definition
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Whether you're entering a
new market or planning to offer a new product to a market you've served
for years, properly defining the new entry is essential to
success. As new products need to be more and more capable,
decisions about functions and features and how to implement them become
increasingly complex and difficult. Comparisons with existing
products - yours and your competitors' - made by both you and your
customers must be evaluated and converted to meaningful requirements for
performance and cost. Patent ownership, vendor capacity, service
capabilities and many other external influences should be considered for
potential impact. We can assist you in defining the best product by undertaking
projects for
- Value
Engineering - Design and execute a QFD program in whole
or in part to
determine what functions and features your customers need most and what they will
pay for them.
- Technology
Assessment - Survey and assess technologies that might be
applied in the product or its manufacture and determine cost and
availability.
- Continuity
Planning - Configure the first new design to facilitate
product line extensions, expansions and replacements.
- Regulatory
Implementation - Obtain the broadest jurisdictional
compliance at minimum cost.
- Design Coordination
- Organize all functions you plan to outsource:
specialty engineering, industrial design, performance and compliance
testing, user documentation.
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Product
Marketing
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For many new products, the
customer base is obvious. Especially in OEM markets, traditional
product marketing may not even be necessary at the outset - there are
products for which the list of customers can be identified in
advance. Most often, though, products need to be presented to
prospective customers widely and often in ways that distinguish them
from the competition and clarify the need to buy. This
process should start as soon as the market is identified and the product
availability date is set. Whether you need to start taking
attention from your competition or smooth the transition from your old
product to the new, we can help with assistance in
- Strategy
Planning - Analyze each targeted market segment and
develop individual plans to reach them considering constraints from
budgets, publication schedules, trade events and availability of
product and collateral materials.
- Collateral
Production - Research, develop and produce technical
articles, brochures, white papers, user manuals, and other complex
documents generally beyond the scope of advertising and public
relations agencies.
- Agency
Coordination - Coordinate the work of ad and pr agencies
with production of technical and other complex documentation and
with samples and technical displays for trade shows.
- Lead
Management - Define and implement lead management systems
involving mailing contractors, custom and commercial software,
custom coding systems, and field sales interaction.
- Partner
Identification - Research and identify other
organizations sharing a common interest is the success of the new
product and develop strategies and tactics for joint action.
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Vendor
Identification
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New
products often depend for success on sole-source vendors. Sole
sourcing may arise when the required expertise exists with only one
vendor or when tooling or other startup costs make dual-sourcing
prohibitively expensive. Selecting sole-source vendors requires
analysis of not only technical capabilities but also financial strength,
capacity limitations, conflicting commitments, stability of critical
personnel, regulatory status and many other factors that could interrupt
production. Further, because technology is developing so rapidly,
alternative solutions should be examined to prepare for efficient source
changes in the case of vendor difficulties or significant cost
improvements.
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Technical
Sales Training
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Your sales manager is
undoubtedly prepared to train the sales force in selling skills but do
you really want your engineering staff to take the time to train them in
the technology and application of your products? Applications
engineers providing technical support are one solution to the
technically-starved sales force but even these engineers rarely have the
time or talent to produce printed materials for sales use. We can
fill this gap by working with your sales force to determine their needs
and with you engineering staff to obtain the needed information
quickly. We coordinate this work with your ad agency or graphics
design staff to assure that the "look" of the materials meets
your standards. We can also prepare training presentations from
these materials and present them to your sales force. |
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Standards
Development
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Rapid
proliferation of volume products depends on standardization of
interfaces to related equipment. As more equipment becomes
automated and networked and interfaced to equipment from other vendors,
the importance of standards increases. We can assist in
identifying what standards should be applied to your products and what
standards under development you should support. We can also
provide support to your representative to standards committees and
develop draft standards documents.
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