Proof to Product 223 | Budgeting & Forecasting for Product Development with Katie Hunt [LABS sneak peek]
You want to develop a new product, but how do you know how much to spend on supplies? It can be tricky forecasting for upcoming product drops, especially for products you’ve never sold before. But with the right data, you can make educated estimates about your upcoming products to order supplies and budget with confidence.
In this episode, I’m sharing a sneak peek into one of our monthly coaching calls inside the Proof to Product LABS program. During these calls, I answer pre-submitted member questions about how to run - and grow - a product-based business. In this call, I helped members forecast their spending for project development and budget for upcoming launches - even years in advance.
You'll learn:
- How to budget for product development and repeat launches
- Tips for managing your books when you’re buying supplies well in advance
- Strategies for forecasting your next year’s spending and revenue
For full show notes, resources and a transcription, please head to bit.ly/PTPEp223
For more support with your marketing & sales strategies, check out LABS at http://www.prooftoproduct.com/labs