How did you find Product Market Fit?

Question

Anyone here already found PMF? Could you tell us how ?

Accepted Answer

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Magdalena Bożek · Answer

Hey Simon, I'm a founder at Uccelerate, a product research agency. We're a team of product people with multidisciplinary backgrounds - and we’ve crafted a new approach that aims to measure your product market fit and iterate you towards it. 
We want to measure its impact now by testing it with 2 consumer tech startups.

If that interests you, please reach out and let’s talk to see if we’re a good fit.

Gabriele Mazzola 🧭 · Answer

I'm not 100% sure of when you can say you've reached PMF.

Personally, we're still in the process of iterating with the active users to keep improving the product and making it fit their needs. But you need to talk to them a lot, so it's hard and time consuming.

Also, super rewarding!

Gurkaran Singh · Answer

As a tech enthusiast deeply involved in the startup world, I've explored various avenues to discover Product Market Fit. The journey usually involves a mix of data analysis, user feedback, and a sprinkle of luck. It's like trying to find the perfect balance between what users want and what your product offers. Keep iterating and experimenting until you strike that sweet spot!

Daniel Tanque · Answer

It's hard to know exactly, you can feel it when you interview users, customers, partners and they all align their interest, but that is just a "Need Fit", or you may say that there's a market, but that doesn't mean your product feeds that market as expected/desired.

For that the only thing to be sure is sales, if you validate the market and checks out, and people are willing to buy your product/service, then yes you have the PMF but also you have now a business.

Nonetheless there comes another challenge... is it scalable? (your solution) So if people have that problem, if they are willing to buy and you have the capacity to keep scaling and adjusting yes then you have everything, but most importantly are the 2 first factors, supply and demand, need and solution.

Answer

Here's a concrete checklist to guide anyone for reaching PMF. If you have achieved:

10 unique visitors.
10 non-branded keywords ranking on the first page (top 10)
 search results. Building on your first 10 organic visitors.
10 followers: # of subscribers that ideally fit your ICP.
10 hand-raisers. Think of them as prospects or MQLs.
10 users.
10 active users. People that use the platform once a week.
10 shares. Think about referrals.
10 customers. Users who are now paying for your service.
10 testimonials
10 new customers from referrals

Gaston Krasny · Answer

In my previous successful project, it was built after talking with many potential customers asking for a solution to a problem they had. 
I think that following that path is a good strategy. 
Get into the community that have the problem that you are solving, and just focus there

How did you find Product Market Fit?

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