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Daily LaunchTip: One Easy Way to Launch a New Product

June 22nd, 2010 · 4 Comments

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LaunchTip:

If your dream has always been to launch a product but you don’t know where to start, you might consider launching a related service business first. I’ve seen many successful entrepreneurs use their service businesses to finance their product dreams. The distinct advantage of service businesses is that they typically require lower initial capital investment. The disadvantage is that the barriers to entry are low, meaning that it is easier for others to copy and compete with you. The other disadvantage is that going the service route first requires patience and commitment to your product dream and being willing to wait out the time it takes to parallel track it when the time is right. Consider your alternatives and make the choice that is right for you.

LaunchOpportunity:

Small Business is Big News
Use PR to Grow your small biz!

PR Newswire can help you:
* Increase sales
* Announce a new Web site, product or service
* Gain visibility with media, investors and potential customers
* Drive traffic to your Web site
* Get media coverage
* Track results
Learn how to send a press release from the experts at PR Newswire.

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