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@auroraw
AI Phone
Iād 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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Truva
Launching soon!
Iām leaning towards services more :), as i am running a remote company SMG
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Speech to Note
Service and the Product.
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@abhishek_ux makes perfect sense :)
We like to say, 'Why not both?' š¤·š We're a product-based company that also offers services, including ongoing support and maintenance.
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@dan_burns that makes super sense haha!
Product: higher margins
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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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@jai_singhal that makes sense
Wisp CMS
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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@raymond_yeh You said it so well! We talked about it here if you want to check out : https://youtu.be/6130FfDWXOI?si=...
Varify.io
Always Product, that's why I built varify.io
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@steffenschulz amazing
Product-based service
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Products, include standard and customized products
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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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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@patriciaharris makes sense
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@alli_haider good
I personally lean towards services. They adapt to my needs and offer a level of personalization that products sometimes lack.
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@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=...
Always Products, at least I can convert my efforts into some infinite results, which is not the case with services.
@pqp_social I agree with you Marcus products are always better.
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@pqp_social scaling is possible with it. Yes
Products
@neelptl2602 Just because :) I like to see something tangible I've created in the market.
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@udaya_sri Why :)
Product, hands down! After all, you canāt spell "productivity" without "product." š
Iād pick a product business. Once itās perfected, it can practically sell itself and reach a wider audience.
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@christian_onochie makes sense