Commercialization is the process of bringing new products or services to market. The broader act of commercialization entails production, distribution, marketing, sales, customer support, and other key functions critical to achieving the commercial success of the new product or service.
What does not commercialized mean?
: not commercial: such as. a : not occupied with or engaged in commerce noncommercial motor vehicles. b : not of or relating to commerce restricted to noncommercial use.
How do you commercialize a product?
6 Steps to Commercialization of Your New Product
- Define your offer.
- Align the product with your core business.
- Identify your target audience.
- Promote your product.
- Use a sales plan.
- Forecast the results the product can bring.
