Recipes Making Products Practice in Market

Each company continues to target the goal of providing products that fit the market. To reach that point, the company must recognize three different hypotheses before finding one option that could push the product received by the market.

While you work hard to find the right position for your own products, or the right to market a product that has been known, it is important to always keep in mind the indicators controlled product market.

Here are five steps that can be applied:

1. Hypothesis business
Make sure you ask the right questions. Like, how much capital you're willing to give awards per his theory? It will determine how much you will spend in order to get the product market fit. Every great business starts with grabbing business needs as much as possible, or the solution of every problem.

2. Beware of false positive results
It's important to keep the mind neutral but still open. It is easy to get evidence of activities that reach the point of success. but the initial idea is not always the best.

For example, initially some of your customers may be willing to pay US $ 100 per month to pay for the service. But, if there is not enough customer or if the cost to acquire users more than the amount that you can, you probably do not have a business model at all.

3. Minimum decent minimum versus selling products
If you are in the area on business, you may be able to sell products that have not been built at all. But, if you're going to go to the consumer, usually you should be able to present a viable product to be marketed.

Difficulties arise, when you have a few products that works well, but is not strong enough or do not have a lot of features. In your mind will ask, "How far are we from the product to be billed?". If you can not answer, ask each potential users what they want to add or look for revenue from those who do not want your product.

4. Check your hypothesis
How much time there is seeking to collect the data? How long have you know have achieved success? It is a framework to provide the stimulus for the sense of excitement you and your team. While the middle of the sales cycle melambah and requires hard work for months, ask yourself and your team, how great desire to continue to learn and develop products.

5. Does your family use the products
Will you be using a homemade program? If your family can not use it, you are facing a problem.