The 6 Stages of the Product Life Cycle As business owners, it’s essential to understand how your marketing tactics and strategies will change over time with the 6 Stages of the Product Life Cycle. Understanding the cycle is the key businesses need to make decisions on how to grow and mature in the marketplace. Stages of the Product Life Cycle Development Introduction Growth Maturity Saturation Decline 1.Development The Importance of Having a Social Media Marketing Agency First and foremost, a social media agency should take your brand’s social media from “a thing you do” to “a thing that makes you money” With an estimated 2.65 billion people worldwide using social media, it’s no mystery that having a social media account for your business has the ability to increase visibility – and sales – tremendously. But a
