A global marketing and sales professional, Connecticut’s John Finneran works as a sales and marketing consultant for various startups. He previously spent 15 years as the marketing manager for Unilever. In this capacity, John Finneran of Connecticut oversaw all profit and loss activity, in addition to handling new product launches for the company.
While every new product launch differs in some way, businesses must always ensure they have the right timing when launching. In the past, finding the right time for a product launch was easier and depended on when the product was near perfect. That changed with the digital age. While releasing a product when it’s ready is still common, it’s not always the best time for every situation.
Given the new advances in technology, companies must also consider their sales cycles when launching new products. Launching in a particular month or year has dramatic effects on the performance of the new offering. Statistically, Tuesdays are the best days for releasing new products, since consumers are too focused on the upcoming week on Mondays, and focused on the weekend on Fridays.
It’s also important that companies consider their own schedules when launching products. Since the process takes a good amount of time and energy, new product launches are best planned for times when a company has little else going on. This allows the business to allocate more personnel to the launch without sacrificing other business operations.