Get All Access for $5/mo

4 Secrets to a Successful Product Launch Anyone can put something together and tell people to buy it, but it takes an intentional plan to do a launch right.

By Jeff Goins Edited by Dan Bova

Opinions expressed by Entrepreneur contributors are their own.

Launching a new product can be scary. Actually, it's always a scary thing to share with the world some brand-new creation. What if people don't like it? What if nobody buys? There is, however, a simple strategy to make sure none of those fears come true.

As an online business owner and student of successful product launches, I've identified four major keys to launching just about anything -- a book, business, or even a blog.

Related: A Blueprint for a Killer Product Launch (Infographic)

1. Anticipation

Why do people stand in line for hours to get the new iPhone when they could just waltz into an Apple store the next week or order one without any hassle? They just can't wait.

Anticipation creates demand. It's what makes people want what you have and gets them talking about it. And you can create anticipation by doing two things: 1) announcing the launch date and 2) telling people exactly what they need to do when that date arrives.

When you tell people to wait, it creates an energy that can be leveraged into action.

2. Generosity

Speaking of Apple, why did they give all their users a free upgrade to more iCloud space a day before doing a major product launch? Was it just to be nice? Maybe. But generosity has a way of rewarding the giver, especially when you time it right.

This is what product launch expert Jeff Walker calls a "pre-pre-launch." The idea is to do this before you begin building anticipation for a launch. Do something unexpectedly nice before making an ask like "go buy my product" or "tell people about my new book."

Being generous builds rapport with your market, which can then be leveraged into future sales. However, for this strategy to work, the audience must not see this as a marketing tactic -- which means it must be done without any expectation of a return.

Related: Go Guerrilla: A DIY Guide to Product Launches

3. Urgency

It's not enough to have something great to sell or share with the world. You have to do more than just be generous and hope people will actually give you money: You have to make your offering urgent.

Most people are procrastinators, so to help make your offering impossible to ignore, you have to tell them why now is the very best time to buy your product or service.

A great example of this is Taylor Swift's latest album launch. For its release, there was a time-sensitive contest that ran during the first week of sales. All the details were inside the CD case. A million records later, Taylor's strategy apparently worked.

4. Scarcity

We humans have a tendency to ignore the things that are right in front of us, even when they offer incredible value. But gold? Diamonds? Buffalo nickels? These rare finds always grab our attention.

Genuine scarcity leads to trust and demand, whereas false scarcity leads to skepticism and doubt. So what does this all mean for you?

Anyone can put something together and tell people to buy it, but it takes an intentional plan to do a launch right. It takes a little bit more work, but the reward is worth it. Your customers, investors, and bank account will thank you.

Related: Marketing Tips for Launching a New Product

Jeff Goins

Best-selling Author and Entrepreneur

Jeff Goins is an entrepreneur and author of four books, including the national bestseller, The Art of Work. He lives outside of Nashville, Tenn., with his family.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

The Side Hustle He Started in His College Apartment Turned Into a $70,000-a-Month Income Stream — Then Earned Nearly $2 Million Last Year

Kyle Morrand and his college roommates loved playing retro video games — and the pastime would help launch his career.

Business News

Homeowners in These 10 States Pay the Most in 'Hidden' Upkeep Costs

Hidden home costs pile on top of mortgage payments.

Growing a Business

5 Books to Help You Motivate, Unify and Build Perspective

In a post-Covid world, check out these must-read books to help build a more resilient organization, create a modern work culture and maintain a powerful growth mindset.

Money & Finance

Avoid These 10 Mistakes Entrepreneurs Make with Money

Despite the challenging statistic that only 5% of startups survive beyond five years, common financial pitfalls often contribute to their failure. Through personal observation, I've identified the prevalent financial mistakes made by entrepreneurs.

Growing a Business

How Visionary Leaders Transform Curiosity Into Groundbreaking Ideas

Lee Brian Schrager, founder of the South Beach Wine & Food Festival, discusses the spark that launched FoodieCon, his best practices for running popular food events, and why all business owners need to adapt to social media trends.

Making a Change

Learn All of Rosetta Stone's Languages for $152

A lifetime subscription is nearly $250 off for a limited time.