Why is it so hard to build a product that customers love? Why do so many products fail?

Ahhh that's a tough one! For those that do not want to read a long comment; "It's hard to keep everyone happy, but it's important to identify who you want to keep happy!" P.S: it's an original quote ;) Now building a product is all about identifying a problem and providing the best possible solution. The biggest hurdle that I see is not identifying the problem, but rather it is about providing the right solution and more importantly the solution that the majority of your target audience is looking for. Building great products in itself is a very difficult task, let alone building a product that customers love. The reason I feel most products fail is not that they aren't building the right product; it's because they aren't focusing on building the product right! - It all starts with the right team. Other than skillset and passion, one extremely major attribute of a strong team is the sense of user empathy. You can only build something that users want if you truly understand them and their pain points. - Being humble and accepting constructive criticism is the next main reason why most products fail even though the demand for that particular kind of product has been justified. You build for users and hearing them out is often what businesses forget once they taste the initial sweetness of success. - Users like it simple! This is one thing that I have learned over time. You can build complex products and put in 100's of features but that will only cater to a particular niche of a crowd. The masses want it simple. Most products get carried away when building and often result in the user getting overwhelmed and eventually looking for simpler alternatives. These are just my views. Hope that was helpful.

Products fail for a variety of reasons, but in my opinion, I think the most common reasons are (a) the product was solving a problem that does not exist, or (b) the product was not capable of fulfilling its promise. For (digital) products that fall into the latter category, it often boils down to server uptime, minimizing bugs and/or customer support. People have a very low tolerance for something that does not work well or does to live up to its promise - particularly if there are other options on the market.

I think a lack of actionable feedback is a contributor to this problem.

It is hard to build a customer-centered product; mostly, products fail because they are not perfect for customers.

1․ no real solution 2. customers don't need the product 3. no professional team 4. no money to continue

I think there are multiple reasons, but I'm actually about to start reading this book that someone I know recommended: https://www.pdfdrive.com/inspire.... I'll be sure to share some of the insights with you!

I was watching Dalton's lecture over here: Lots of reasons why that happens. Most of the time, because they're building something nobody urgently needs really.