- Define the product concept
- Conduct market research
- Develop a business plan
- Source product suppliers
- Develop a marketing strategy
- Set up business operations
- Develop the product
- Test the product
- Refine the marketing strategy
- Finalize the product
- Launch the marketing campaign
- Prepare for launch
- Launch the product
- Monitor sales
- Gather customer feedback
- Review sales and customer feedback
- Refine the product based on feedback
- Plan for future product development
- Product concept defined
- Product developed
- Product launched