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  • Service or Product?

    Neel Patel
    56 replies
    What business would you choose? We talked about it here in detail: https://youtu.be/6130FfDWXOI?si=vSBZyRW5adrQyPMV

    Replies

    AuroraW
    Iā€™d choose a product business. Once established, a product can reach a wide audience with minimal ongoing effort, making it easier to automate and sustain.
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    Neel Patel
    @auroraw Hard at first but fruitful going forward.
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    Iā€™m leaning towards services more :), as i am running a remote company SMG
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    Abhishek Dutta
    Service and the Product.
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    Neel Patel
    @abhishek_ux makes perfect sense :)
    Daniel Burns
    We like to say, 'Why not both?' šŸ¤·šŸ˜‚ We're a product-based company that also offers services, including ongoing support and maintenance.
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    Neel Patel
    @dan_burns that makes super sense haha!
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    Elena Tsemirava
    Product: higher margins
    Toni
    Products for the long run And I start with service to get some cash-flow until my SaaS šŸš€šŸš€
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    Neha
    YourGPT
    YourGPT
    Launching soon!
    I will go with the product
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    Jai Singhal
    Hansei
    Hansei
    Launching soon!
    Depends on the idea you are selling either product or service; should be appealing to the end users
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    Neel Patel
    @jai_singhal that makes sense
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    Raymond Yeh
    Always leaning towards product due to the ability to scale. But starting out with product is really hard as many people want to see successful use cases, case studies, etc. I found a done-for-you (DFY) approach a good way to solve the cold-start problem so I've been manually onboarding new users and setting up consultation work with some clients (which includes them using my product). So far I've secured 3 different clients this way through the consultation method. I know it doesn't scale but it beats having 0 clients... So I guess a mix is good at least for the start.
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    Neel Patel
    @raymond_yeh You said it so well! We talked about it here if you want to check out : https://youtu.be/6130FfDWXOI?si=...
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    Steffen Schulz
    Always Product, that's why I built varify.io
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    Alexander Galitsky
    Product-based service
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    Neel Patel
    @ag94 can't beat that!
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    Janice
    Products, include standard and customized products
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    Domas Sakavickas
    I will choose a product. If you have a good and unique product, most of the time it works for you. With service, in my experience, there is always more competition to beat
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    Patricia Harris
    Both are important, but I'd say for most businesses, focus on developing a great product first. Then leverage that to offer related services around the product to expand revenue streams. Many successful companies have grown this way, starting product-focused and expanding with value-add services over time as their customer base grows. Just my 2 cents!
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    James Chappel
    I personally lean towards services. They adapt to my needs and offer a level of personalization that products sometimes lack.
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    Neel Patel
    @james_chappel That makes sense. There are drawbacks too that we discussed in detail if you want to check out: https://youtu.be/6130FfDWXOI?si=...
    Marcus Logan
    Always Products, at least I can convert my efforts into some infinite results, which is not the case with services.
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    Marcus
    @pqp_social I agree with you Marcus products are always better.
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    Neel Patel
    @pqp_social scaling is possible with it. Yes
    Udaya Sri
    @neelptl2602 Just because :) I like to see something tangible I've created in the market.
    Neel Patel
    @udaya_sri Why :)
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    Bilal Asif
    Product, hands down! After all, you canā€™t spell "productivity" without "product." šŸ˜‰
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    Christian Onochie
    Iā€™d pick a product business. Once itā€™s perfected, it can practically sell itself and reach a wider audience.
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