If you’re a small business owner or a startup, you may be developing a new product line or service for your potential customers. However, there’s this doubt in your mind that your product launch may fail. You’re probably thinking, “What if it fails?”, or “If I lose profits, how can I recover?”. To prevent any doubt, This is where you should run a small test to see if there’s a market for your product/service in the first place. As a business owner, you’ll always be excited when it comes to product launches. But, if you don’t do proper testing, your doubts could potentially become your reality. In this post, we would like to give you more ways on how you should test your new product with Google Ads.
How Do You Test The Market For A New Product With Google Ads?
- Market Research
- Set Up A Landing Page
- Choose A Budget That You’re Comfortable Spending
- Analyze Results From Your Campaigns
This is your first step to testing your new product, implementing a good old fashion market research. As you form your business idea, take the time to learn more about the market for your product. In particular, get into the minds of your customers, scope out your competition, and get up to speed on industry trends.
Set Up A Landing Page
Once you put together a profile of your customer wanting to purchase your new product, you’re going to set up a strong landing page. Since your product won’t be ready for the market, set up a page with some info on the product you are planning on launching. Also, use an email capture form so you can gather email addresses of interested buyers. At the same time, give them an incentive to sign up such as sneak peeks, early updates or first access to your product is a great incentive to get an email address.
Choose A Budget That You’re Comfortable Spending
Of course, you should always use a budget that your comfortable spending when you’re testing your new product. You’ll need to set the maximum cost per click you are willing to spend as well as your daily budget. Not setting these properly could cause you to burn through your test budget too quickly.
Analyze Results From Your Campaigns
If you find that there is a steady stream of traffic responding to your Google Ads you will know that there is a market and demand for the product or service you are developing. Once you begin capture email addresses from your landing page, you can contact your potential customers when you are ready to launch your new product. On the other hand, if no one is responding to your ads you may decide that the challenge in finding buyers may outweigh the potential for your product. Tweak your ads by changing up your headlines and description as well as researching and adding relevant keywords to your campaigns.
At The AD Leaf ®, we understand that not every business has the time to invest their full efforts into PPC Ads. To learn more about how investing in Google Ads can bring more leads to your business, contact us via our phone number, (321) 255.0900. Or, set up a consultation by emailing us at firstname.lastname@example.org. We look forward to hearing from you soon!