What do you think is the most important factor in the success of a product?
Sunny Kumar
64 replies
Replies
Eddie Forson@ed_forson
EnVsion AI
I don't know if there's a single most important factor because the world is very complex. But I believe your product and company must be able to answer these questions competently:
* Are we solving a *real* problem here?
* Do we have a distribution advantage to reach our ideal customer?
* Are we able to execute fast enough based on customer feedback and market dynamics?
I call this the startup trinity: "Problem - Distribution - Execution".
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Vadoo AI
@ed_forson Perfect! ""Problem - Distribution - Execution"- Ingenious thinking!
2 things:
- building something people need
- discipline and hard work
Vadoo AI
@mehdi_rifai how to realize what people need? :-D
@georgios_gkouvousis_gg_ that's a great question. There are 4 ways of doing it:
1. you have deep industry knowledge and you have identified some gaps in your industry
2. talk to customers
3. wander in online communities and find what people recurrently ask for
4. find a service with low competition that is done bad (so need has been confirmed but is underserved) and make it better
Inodash
I will say something unorthodox; community and timing.
Team and hardwork can be crucial for startups but if we are talking about success of an individual product i will say a community and being there at right time when there are people who needs your product.
Vadoo AI
Daily Scrum Meetings - Notion Template
timing
PH Hunters
Letting people know about your product. No use building a great product if people don't know about it.
A good product with great marketing has greater chance of success that a great product with poor marketing.
Vadoo AI
@nithin_jawahar Indeed! It is one of the most important factors that can make or break a product!
Timing.
In my opinion, the most important factor in the success of a product is whether or not it meets a real need or solves a real problem for its target audience. If a product doesn't offer any real value or doesn't solve a problem that people actually have, it's unlikely to be successful in the long run.
Another important factor is the user experience. A product that is easy to use, intuitive, and enjoyable to interact with is more likely to be successful than one that is confusing or frustrating to use.
Marketing and promotion are also important factors in the success of a product. Even the best product won't be successful if people don't know about it. So, it's important to have a solid marketing strategy and to promote the product effectively to its target audience.
Finally, continuous improvement is key to the success of a product. Products that are able to adapt and evolve over time based on customer feedback and changing market conditions are more likely to remain relevant and successful in the long run.
Hunted Space
Meeting the needs and want of your target audience and creating a loyal user base :)
Bidi Charge
Finding your first group of fans and solving the problem for that group through your product is absolutely essential before anything else IMO
Users, user retention and engagement.
I think it’s the user journey. It’s very important that even new users feel at home while using the product and never get lost in navigating your solution.
Cheers!
Vadoo AI
The experience.
Simplicity
Replyhub
In my opinion, understanding and meeting the needs of your target audience is key to the success of a product.
Building something that customers actually need and want and are prepared to pay for.
Vadoo AI
@jason13ray Gaining confidence in customers is crucial for the success of any business
Mintflick
Solving the right user pain point
I think there are more than just one that I can't just say "most important" for success.
But I would say timing is a pretty large part of it
Vadoo AI
@richard_gao2 I agree ✋
If a problem that truly needs to be solved is being solved and it is explained to people in the right way, success is inevitable
Imo, the number of pain points it solves.
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