Once You Start Thinking Of Apple As A Fashion Company How Can Product Life Cycle MBA Theory Help You With Online Sales In Your Small Business?

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How Can Product Life Cycle MBA Theory Help You With Online Sales In Your Small Business?

The other day I was talking to an entrepreneur who sold his stuff on eBay and Amazon. Her business is doing well, but she really wants to reach $10K in sales per month without taking too much time, because she is a believer in multiple incomes and wants to expand to other business models. My suggestion was to introduce new products continuously, but on a strategic timing basis. Well, let’s talk about it.

Have you ever looked at a Product Life Cycle chart in a Business Textbook? Well, if so what you saw was the traditional ‘product life cycle’ teachings that they teach in MBA school, sales marketing, and marketing classes. Still, we can take this concept and use it for online sales and new product planning, consider this concept.

Now then, show the image of the ‘hill dog’ and since it is starting at its thinnest point, it is an important time to introduce a new product and launch it because eventually the product will first be plain. If you do it right the new product will start hyperbolic and break the peak of the life cycle of the first product. If you want to stay hyperbolic, you need to introduce products like this, which is the kind of thing that companies like Proctor and Gamble and GE are trying to do.

A particularly interesting case study would be INTEL and Apple as they try to stay in the high profit sweet spot, which does wonders for their stock price. If you have a great product that really makes a difference but has a shorter life cycle (eg mobile phones, chips, and maybe a social network add-on or new features) then you can keep the price high and go to the ‘early adopters’ of the technology or companies that buy your products so they stay on the bleeding edge in the case of AMD or INTEL.

When you look at that concept, you can see that it works for someone who sells many different products online. You can probably tell when there’s a meteorite product that’s going to sell fast, but burn out, so you launch your new product as soon as your sales burn it out, because soon they’ll burn out, and you don’t want to sell out. self of the month tank, and leave you in a cash crunch. Look at that point strategically.

I think you can use some mathematical formulas to figure this out, and I imagine one day some Oracle or SAP software connected to the company’s digital nervous system (Bill Gates book; reference “The Way Ahead”). There is an Artificial Intelligence system that monitors all the gates. and sales, real-time inventory will be able to do this with 90% accuracy, and it will provide managers with the information they need to plan and strategize for capital expenditures, innovative uses and cash flow. But you can do it long-hand using the same math, because your small business isn’t that complicated; still

Best of all you can put your business into components and product categories and then you’ll get a great picture of what you do and a DEFINITE course you want to take; where are you going! Think About It.

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