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As per statistics, over 30,000 new products are introduced in the market every year. Some products have a decent shelf life while others phase out of the market. Since every product has a certain life cycle, there are ways to enhance its longevity to overpower the competitors.
The product life cycle is a notion that executives comprehend well, but only a few use it effectively. Several reasons play a pivotal role in the decline of the product, such as saturation, drop in sales, competition, and more. There is not an ideal model to make a product successful in the market. However, with a mix of imagination, calculation, and innovation, products can have increased shelf life.
Companies can analyze the product life cycle to make calculated decisions. They can create strategies to sustain it for a prolonged period by focusing on the target audience, launching, and marketing the product.
For the uninitiated, a product life cycle constitutes the various phases a product goes through from when it is first launched into the market until it is pulled out. The typical product life cycle consists of four stages:
- Introduction
- Growth
- Maturity
- Decline
Brands examine the product life cycle to develop strategies to align with the changing market or technological demands.
Product life cycle helps businesses make informed decisions
These different stages of the product life cycle impact how the product is marketed to the consumers. A new product requires a lavish marketing style while the older products are shown to be different from the competitors. Whichever the case, companies must emphasize all the four stages to increase demand and maximize profit. Executives need to evaluate the launch plan, product life, and different marketing strategies as per the requirement to get under the spotlight.Â
Therefore, we bring you professionally designed product life cycle templates to help you outline the launch plan, design marketing techniques, and monitor the product's performance. Incorporate these customizable product life cycle PPT templates and use them as per your needs.
Template 1: Market Launch Plan PowerPoint Template
Set up a launch plan, create a product portfolio, and develop a marketing strategy using this ready-made template. The PPT slides will help you analyze the marketing needs to let you devise promotional plans accordingly. Monitor the performance of the goods, competition, and more to tweak your go-to-market strategy using these professionally designed slides.
Template 2: Product Life Cycle Management PPT Template
Give your product a fantastic launch with the help of this innovatively designed PowerPoint template. The PPT deck comprises steps to give you a head-start to make the product launch effective. Analyze the current marketing trends, create a roadmap, and develop a product life cycle framework with these customizable PPT slides. Create a buzz in the market about the product and increase the demand using these PowerPoint slides.
Template 3: Product Life Cycle Stages PPT Slide
Analyze different product life cycle stages to remain competitive in the market using these customizable PowerPoint templates. Whether it is the product launch or repositioning, incorporate these PPT slides to increase the demand. Use this ready-made PPT template to outline a plan to revamp the product to impact the audience.
Template 4: Product Life Cycle Analysis PowerPoint Slide
Create a proper product life cycle strategy to engage the consumers with your brand. Use this step-by-step guide to control each stage of the product life cycle. Determine the factors that impact every step to elongate the shelf life of the product with this PPT design. Monitor each phase of the life cycle to develop strategies according to the market and consumer needs. You can also plan to reposition your product in the market by evaluating its performance with this PPT slide.
Template 5: Product Life Cycle Graph PPT Template
Remain under the limelight and extend the life of your product with this PPT template. Scrutinize each stage of the goods and devise plans that increase their life span using this professionally designed PowerPoint template. List factors influencing the growth or decline of the product under each stage to keep tabs. Incorporate this customizable PowerPoint template to come up with a plan that increases the longevity of the product.
Template 6: Product Life Cycle Roadmap PPT Slide
Ensure your product does not become obsolete and reach the end of its life cycle with this easy-to-use PPT slide. Create a five-year plan to make better marketing decisions and grow in the marketplace with complete agility using this customizable PowerPoint template. Respond to the customer’s changing needs and devise a plan to keep your product updated in the market. You can incorporate this customizable template to set budgets, packaging, and pricing to make your product shine in the market.
Template 7: Product Life Cycle PowerPoint Template
Whether it is a new product or an old one, you need an expansion plan to stay competitive in the market. Use this actionable PowerPoint template to research consumer needs thoroughly, understand the market, develop a design, and create a launching and marketing plan. Analyze the growth of the product and outline advertising plans according to the changing marketing trends with this flexible layout. Incorporate this PPT template to plan a re-launch of the product if needed.
Template 8: Product Life Cycle PPT Slide
Manage your product life cycle strategy to revive your old goods using this PPT template. Set new marketing and advertising strategies that fill the gaps that lead to the product's decline by analyzing the life cycle using this PPT slide.
Template 9: Product Life Cycle PowerPoint Template
Are you planning to bring a new product to the market? Use this professionally designed template to kick-start the launch plan. This PPT slide will help you develop a plan to introduce your product to the market and let you also assess its growth. Increase the product sales by monitoring its life cycle using this customizable PPT slide.
Template 10: Product Life Cycle Stages PPT Slide
Incorporate this professionally designed PowerPoint template to reinvent and innovate your existing product line. Keep track of the product's growth with this PPT slide and develop strategies to reinvigorate the demand. Assess the product life cycle strategy to meet the market's changing requirements and keep your product from going redundant with this PowerPoint template.
Conclusion
Every product reaches its saturation point; however, you can resurge it by continuously monitoring its life cycle. The product life cycle gives companies a nudge to help their product bounce back in the market with new branding or marketing techniques.
SlideTeam's professionally designed PowerPoint templates are perfect for helping businesses track the growth or decline of the product. These PPT slides provide companies with a clear timeline to notice the slightest changes in the product's performance. Incorporate these ready-made PPT templates to decide whether to renew the product or get it off the shelf.
P.S: If you are planning to bring a new product to the market, use our easy-to-use PowerPoint templates featured in this blog.
