Introducing a breakthrough product in an established category may seem daunting. However, there are plenty of industries where innovation has lagged and newcomers can find success based on intuition and insights, according to Craig Dubitsky, who has launched products in cleaning products, lip balm, toothpaste and coffee.
Breakthroughs can come pretty much anywhere, he said. Take headphones, for example. AirPods and other wireless models added an innovation people may not have previously considered. “Who knew wires were the bane of our existence for so long?” Dubitsky said at Ad Age’s recent Business of Brands conference. “The bar is low.”