One would have to be living deep under an enormous rock not to know that today Apple is launching its new product – the iPad. As the media continues to flood with buzz about the product launch, there are several key takeaways for businesses planning their next product launch:
1) Who are you again? – Part of the reason the Apple iPad is creating such a stir is that it’s attached to a major brand name. If the press and consumers already know about your company, they will be more eager to see what you do next. Building strong brand recognition should be a top priority in on-going business strategy.
2) Go big or go home – Although this may seem obvious, when launching a new product, be sure it is actually new. Offer your target market something completely unique that the industry has not yet seen or experienced.
3) Anything you can do, I can do better – Consumers are already able to read content on their laptops, mobile phones and e-readers, but those screens can be small. Apple is bringing to market a product that will enhance electronic reading with a large, sleek screen and agreements with newspapers and magazines to display their content on this new wider lay out. Why have something that only meets some of your needs, when you could have something that meets all?
4) X Marks the Spot – When blocking off a day on the calendar for a launch, be sure to do your homework. Find out what other stories and events are taking place that same day or week. For example, launching a product today, the same day as the Apple iPad announcement and the President’s State of the Union address would not be a good idea. Choose a date for your launch when the story will have the biggest impact.
5) Plant the seed – Want to make a splash on launch day? Let your top press targets know about the announcement in advance. Although the topic of embargoes is a heated debate amongst PR professionals and reporters, if a reporter is willing to honor an embargo, giving them time to research their story in advance of launch day is extremely beneficial. Highly informed, accurate news coverage is the best kind of coverage.
Disclosure: Racepoint works with Sony’s e-reader division.