Product Proposal

New products come and go from the market. Some of them stay and become relevant to the population at large, while others become trivial in the eyes of the masses. Hence, apart from the need for an excellent marketing plan or a strategic plan, a proper and professional product proposal is necessary to highlight the product in a manner that people will want and will stand out in the market. So for your product proposal-needs, we have ready-made Product Proposal samples that will surely keep you up and above. Apart from this, we also have a guide that you can use whenever. Go on, hover your cursor below and have a great find.

30+ Product Proposal Examples

1. Product Proposal Template

2. Food Product Proposal Template

3. Product Sales Proposal Template

4. Business Product Proposal Template

5. Free Product Business Proposal Letter

6. Free Food Product Proposal Letter

7. Free New Product Proposal Letter

8. Free Product Sales Proposal Letter

9. Simple Product Proposal Template

10. New Product Proposal Template

11. Product Proposal Letter Template

12. IT Product Proposal Template

13. Free Sample Product Proposal Template

14. New Food Product Proposal Template

15. Product Proposal Sample Template

16. Software Product Proposal Template

17. Tech Product Proposal Template

18. Professional Product Proposal Template

19. Product Price Proposal Template

20. Product Photography Proposal Template

21. Product Supply Proposal Template

22. Product or Service Business Proposal Template

23. New Product Launch Proposal Template

24. Product Proposal Form

25. Sample Product Proposal

26. Vendor Product Proposal

27. Proposal for a New Food Product

28. Product Proposal Example

29. New Product Development Proposal

30. Product Proposal Questionnaire Template

31. Product Proposal in PDF

What is a Product Proposal?

A product proposal is a proposal letter or document that showcases a new product to the company. Although they might appear already ready for the market, the company might be deemed not ready and improve them through systematic product development. Overall, the product proposal’s job is only to act as a stepping stone for the product to be in the spotlight.

What are the four parts of a technical proposal?

A technical proposal is one of the documents that people use when it comes to the product development stage of a new product whether it be food or a device. However, this is more common for developing devices. So here are the four parts of a technical proposal that you should have in a technical proposal.

• Need and Solution

So, what you want to focus and address on your technical proposal is not its retail value or other marketing-related things. Nope. You’re still on the product development and what people want to see at this time is how your proposal answers a need or problem. So make sure to highlight this area first.

• Work Plan

After acknowledging the need and providing its solution. You end up with a question “how do we do that?” So that’s when you provide the work plan in doing this so people can see that your solution is possible. In this way, you can gain people’s trust and advance the progress in your product development.

• Operational Plan

After determining the necessary steps you needed to take to fulfill the solution, you now address the logistical and other operational support that the team might need to do the job. If you can make sure that you create a proper operational plan that’s perfect for your team.

• Profile

With your work plan and operational plan ready, you can now mention the team and the people who are working to make things work. If possible, provide a clear profile of the team with skills and previous experiences. By doing this, you ensure that everyone will see your company as an asset, not a liability.

How to Create a Product Proposal

Now you’re ready to create an exceptional and effective product proposal. So to help you keep that fire we provided simple steps below that will surely help you make your product proposal into something tangible with a whole team doing product development after. Check these steps below.

Step 1: Study

Gathering information is necessary before you even think of making a specific product. A product without a certain need in the market will not make sales at all. That’s why if possible you should make a feasibility study or a case study and ensure that people need your product. If you can, do a brainstorming session, as well.

Step 2: Goals

With a beautiful idea at hand, you can now start creating goals that help you achieve the solution. Make sure that these will act as an outline for the whole project. In this way, your path will be easy. So, put a design phase, technical phase, and other phases as you deem fit. 

Step 3: Cost

People will dive into your project once they deemed that it’s possible and it doesn’t cost that much. So if possible make sure that you calculate the labor and cost of the project. By doing this, you are lessening the people’s adverse reaction ‘cause for you, this is a unique opportunity to expand and learn more but for them this means business. So use that concept well by creating a good calculator and estimate.

Step 4: Use a Template

If you think that you can create one fast, then you won’t need a product proposal template. However, if you think that a format is not enough then make use of a template. Do remember also that you don’t need to provide the whole project plan inside the proposal. Provide an executive summary instead. By doing this, you allow people to lessen the meeting time.

FAQs

Product development is a long and grueling process that takes so much time. However, with a proper work plan and operational plan ready, you can be sure that it will become shorter. Business professionals love product development that does not go beyond the budget and delivers the product within the time limit. So make sure that you do it, which gives you time to make more and do more.