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  2. What are the 5 things that you really consider before...

What are the 5 things that you really consider before start building a product?

Arik Nazaha
4 replies
I’ll go first, 1. Problem validation from my peers 2. Clear and lean product concept 3. Human resource capability 4. Enough capital to launch 5. Branding

Replies

Fred Lukens - Launching Today!
Fred Lukens - Launching Today!
Code Interpreter Prompt Pack
1. Product market fit 2. Branding 3. creating decent plan for marketing
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vincentius pangestu
Hookd
Hi Arik! 👋 I would like to answer this question. I'm currently building a product (service) and am so confident about it. When embarking on the journey of building a product, here are five essential considerations that I prioritize: 1. Market Research 👓: Before diving into product development, conducting comprehensive market research is vital. This involves analyzing target customers, understanding their needs, and assessing the competitive landscape. 2. User-Centric Approach 👨🏻‍💻: Building a product that truly caters to your target audience requires a user-centric approach. It's essential to deeply understand your users, their pain points, and their preferences. 3. Scalability and Flexibility 🦾: Anticipate potential growth and ensure your infrastructure and technology stack can handle increased user demand. 4. Execution and Resource Management 🚀: See your team's capabilities and ensure you have the necessary expertise in areas such as design, development, marketing, operations, etc.. Defining key milestones is also important in managing a project. 5. Sustainable Business Model 📈: While having enough capital is important, it's equally essential to develop a sustainable business model. Make sure your product has a viable path to profitability. I would love to connect and hear your opinions as well!
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