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Product Concept Validation
Define target market
Conduct competitor analysis
Gather customer feedback
Validate product idea through surveys
Design and Development
Create product specifications
Develop prototypes
Conduct usability testing
Revise design based on feedback
Production Planning
Identify manufacturers
Set production timelines
Determine cost of goods sold (COGS)
Ensure quality control processes are in place
Marketing Strategy
Develop branding guidelines
Create marketing materials
Plan product launch strategy
Identify distribution channels
Sales Preparation
Train sales team on product features
Create sales collateral
Set pricing strategy
Prepare for customer inquiries
Post-Launch Evaluation
Monitor product performance
Gather customer feedback post-launch
Analyze sales data
Adjust marketing strategies as needed
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