What do you think is the most important factor in the success of a product?
Sunny Kumar
64 replies
Replies
Mehdi Rifai@mehdi_rifai
2 things:
- building something people need
- discipline and hard work
Share
@georgios_gkouvousis_gg_ that's a great question. There are 4 ways of doing it:
1. you have deep industry knowledge and you have identified some gaps in your industry
2. talk to customers
3. wander in online communities and find what people recurrently ask for
4. find a service with low competition that is done bad (so need has been confirmed but is underserved) and make it better
@mehdi_rifai how to realize what people need? :-D
Building a genuine audience that supports and provides authentic feedback for your product.
@benard_ogutu I'm still struggling. But I believe that engagement and building relationship is the key.
@charlie_lee1 Yeah! This is inevitable.
@charlie_lee1 how were you able to do this. Building an audience around you product.
@charlie_lee1 Absolutely agree.
@mycelebs_elle Certainly!
Letting people know about your product. No use building a great product if people don't know about it.
A good product with great marketing has greater chance of success that a great product with poor marketing.
@nithin_jawahar Indeed! It is one of the most important factors that can make or break a product!
If a problem that truly needs to be solved is being solved and it is explained to people in the right way, success is inevitable
I think it’s the user journey. It’s very important that even new users feel at home while using the product and never get lost in navigating your solution.
Cheers!
Meeting the needs and want of your target audience and creating a loyal user base :)
First of all, it must solve some sort of problems and there should definitely be a demand for it in the market. Also, it must be very competitive in terms of pricing. High quality and reliability of the product improves retention drastically.
@gurudeep_shrotriya Absolutely!
I don't know if there's a single most important factor because the world is very complex. But I believe your product and company must be able to answer these questions competently:
* Are we solving a *real* problem here?
* Do we have a distribution advantage to reach our ideal customer?
* Are we able to execute fast enough based on customer feedback and market dynamics?
I call this the startup trinity: "Problem - Distribution - Execution".
@ed_forson Perfect! ""Problem - Distribution - Execution"- Ingenious thinking!
Organic growth! As it shows your product market fit and then it's easy to put more fuel for a faster journey.
@edworking Correct 💯
Building something that customers actually need and want and are prepared to pay for.
@jason13ray Gaining confidence in customers is crucial for the success of any business
Imo, the number of pain points it solves.
Product Market Fit
Solving the right user pain point
I think there are more than just one that I can't just say "most important" for success.
But I would say timing is a pretty large part of it
I will say something unorthodox; community and timing.
Team and hardwork can be crucial for startups but if we are talking about success of an individual product i will say a community and being there at right time when there are people who needs your product.
To put it simply, this is excellent; it satisfies the requirements of the intended audience.
Understanding the core problem/challenge and create better user experience, combining with a great ui.
