Under what circumstances would you decide to shut down a product?

Zhiqi Shi
6 replies
1. Negative feedback from investors or other key stakeholders. 2. Consistent negative feedback from users. 3. Normal user feedback, but poor usage data. 4. Not making money for a prolonged period with no clear path to improvement

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Business Marketing with Nika
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I agree with @hyoji – when you invest too much time somewhere without any profitable results, it is time to move on. At least, you have an experience but you can invest your time and money maybe into something better. I also shut down some projects and after doing that, I felt more "free" – I felt like I should do it sooner.
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Moaz Ahmad
For me, none of these would matter as negative feedback is part of the process but not working on improving is what's make a difference in whatever I would shut down the project or not.
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Yahya Rogers
If the product isn't solving the problem it was intended to, and pivoting doesn’t seem like an option, I’d consider shutting it down.
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Felix Sattler
It’s definitely a tough decision. While I understand why people lean towards option 4, I can’t help but think it might stem from a lack of a solid sales process or a sales-driven marketing approach. For me, not making money wouldn’t necessarily be the reason to shut down a product. Instead, I’d focus on whether there’s a genuine product-market fit and if the product truly solves a problem for users. If neither is the case, that’s when I’d start planning an exit.
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Sharon Owens
If the market is oversaturated and the product can’t stand out, I’d think about closing it down.
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hyoj
I think number 4 resonates with me the most. I think it's a huge sense of disappointment when you haven't been chosen by consumers for a very long time.
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