Orange Envelopes | Small Business Optimized Marketing > By Design

Product innovation is expensive. Too expensive to be mishandled by a careless handoff to your marketing and sales departments at precisely the moment when you could convert interest in your shiny new product into coveted cash generating sales.

I’m amazed – no, actually appalled – at the number of companies who spend tens of thousands of dollars developing a new product, take it to a trade show, gain press recognition and even Best of Show awards and then do absolutely nothing to capitalize on the interest generated or monetize their efforts with a thoughtful sales strategy.

Two recent examples stand out for me:

At last month’s Consumer Electronics Show in Las Vegas, Griffin introduced an iPad mount that screws onto the end of a microphone stand. It’s the perfect solution for me since I like to use my iPad as a teleprompter for online videos that I post to assorted blogs, and the mic stand holder would let me position the iPad directly above the tripod holding my camera.

Apparently I’m not the only one who sees the appeal of  this innovation, since Griffin generated a lot of media mentions including major technology blogs like Gizmodo and tuaw.

Glad You Like Us. Now Go Away.
But heading over to the Griffin website, I discovered that despite its announcement, the product wasn’t available for sale but was Coming Soon. What does that mean? It means that if I want the mic stand mount I have to keep checking back every few days until it actually becomes available. Griffin took no steps to capture my identity to inform me when it becomes available, didn’t ask me for an email address to keep in touch, didn’t  take a pre-order (which I would have paid for) and, in general, did absolutely nothing to connect with me and potentially sell me on this or other Griffin iPad related products.

They wasted an ideal opportunity to convert innovation into sales.

Based on the size of their booth at CES, I’d bet that Griffin spent more than $100,000 to attend the CES and showcase their products, not including the cost of developing the products themselves, yet their  efforts resulted in annoyance and alienation because they failed to implement any method to satisfy customer interest or plan to get their new products out of their development lab and into our hands.

It Gets Worse
As badly as Griffin handled the handoff from innovation to sales, they’re all-stars compared to MacWorld Best of Show Winner Scosche.

At this month’s Macworld Expo, the device manufacturer introduced a terrific innovation that iPod and iPhone users have been clamoring for: a Bluetooth connected pulse monitoring strap that will track your pulse and calories burned throughout your workout.

The product was so innovative that Macworld name the myTrek one of the Best in Show winners and published a lengthy article detailing the product’s features.

Result: Nothing
Who could ask for more? Well, I could. Because I actually tried to visit their website to buy the product. I’ve been waiting months for someone to introduce this precise product to track my workouts so I clicked over to their website and found…nothing.

That’s right. Nothing. Not a product page, not a press release, not a blog post, not a single mention. Confused, I turned to their Search utility and entered myTrek. Again, nothing.

Innovation FAIL
So Scosche invested thousands to develop a highly sought after product integrated with the single most popular mobile phone in the world, they introduced it at the biggest Apple show in the country and gained Best in Show honors yet they failed not only to promote the product on their corporate home page, but failed to create a web page for the product at all.

And the only thing truly surprising is that they’re not the only innovation-focused company that treats its products with such disregard.

Corporate innovation is intended to produce results. Results that can be measured in dollars collected. There’s simply no excuse for any company to invest in innovation projects yet ignore the revenue  producing potential of those projects by failing to integrate sales and marketing functions from the  start so that the company can maximize the return on their investment and realize the full potential of their innovation.