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What Exactly is Product-Market Fit?
Product-Market Fit, in simple terms, is whether or not your product is needed.
When making products, you always have to be solving a problem, making something easier, or making something better. It’s fine if other products do the same thing as yours, if you’re bringing something unique to the table.
If no one really needs your product, or they can get the exact same experience from someone else, then you don’t have a Product-Market Fit.
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How Do I Know if I Have No Product-Market Fit?
There are some warning signs:
- Reduced market size
- Low response from customer base
- Negative press reviews (or no interest from the press)
- Weakening word of mouth
- High visibility, but no engagement.
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Product-Market Fit: Questions Product Managers Need to Ask
Product Management is all about finding the answers to questions. To make sure your product won’t completely fail in the market, there are some key questions you have to ask.
- Does anyone want this product?
- Would they be willing to spend money on it?
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What Exactly Is Product Sense ?
- Product sense is the skill of consistently being able to craft products (or make changes to existing products) that have the intended impact on their users
- It relies on (1) empathy to discover meaningful user needs and (2) creativity to come up with solutions that effectively addre...
What the term "product market fit" describes?
”The moment when a startup finally finds a widespread set of customers that resonate with its product.” Eric Ries
”You know you have fit if your product grows exponentially with no marketing. That is only possible if you have huge word of mouth. Word of mouth is onl...
Well, what exactly is networking?
Well, in simple terms, networking is all about making long term connections or relations, in which both the both the sides are, or will be benefitted mutually.
Networking can happen just anywhere. Whether you're in the market, in a group event, or even i...
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