Product Lifecycle Diagram Checklist
📦 Product Lifecycle Checklist
1. Development
Market Research Completed
Product Design Approved
Prototype Built
Initial Testing Done
Product Roadmap Set
2. Introduction
Product Launched
Early Adopters Targeted
Marketing Campaign Live
Sales Funnel Deployed
Feedback System in Place
3. Growth
Sales Volume Increasing
Customer Base Expanding
Scaling Production
Updated Marketing Campaign
Profit Margins Improving
4. Maturity
Market Saturation Monitoring
Product Variants Launched
Price Optimization Done
Loyalty Programs Running
Competitive Analysis Updated
5. Decline
Sales Decline Observed
Decision on Continuation Made
Product Sunset Strategy Set
Inventory Clearance Planned
Resource Reallocation Done
☝️ Tip: Consider relaunching or reinventing the product before retirement.