3 tricks to extend the life cycle of a product

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If you want to extend the life cycle of a product, we recommend focusing on these three phases:

Launch: after testing and creating the product, success at this stage is based on having a good product along with a good promotional campaign, because the goal is to be tested, the more the better, and if we really have a differentiated product we can extend the life cycle of a product in the launch phase.

Milking: This is the growth phase where the greatest benefits are found within the life cycle of a product, so the objective is to extend it as much as possible. And to do this you can expand the range with new varieties, create new sales channels to have a greater presence, and above all, build customer loyalty so that they do not go to the competition.

Decline: In the final cambodia whatsapp number data phase of a product's life cycle, and although it is normal for it to have to be eliminated, it can be recovered but through strategies based on price, such as discount coupons , focusing on small market segments that are more loyal and easy to satisfy, focusing on the most profitable uses and markets for the product, or changing the characteristics and attributes of the product.Royal Decree 773/2015, of 28 August, published on 5 September, exempts service companies from the obligation to be classified .

They may prove by other means that they meet the specific solvency requirements set out in the tender announcement. The regulation will come into force on 5 November.

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